Electronic Design Automation Market to Reach $17.47 billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

News provided by

Feb 07, 2023, 10:15 ET

REDDING, Calif., Feb. 7, 2023 /PRNewswire/ -- According to a new market research report titled, 'Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premises deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography - Global Forecast to 2030', the global electronic design automation market is expected to register a CAGR of 10.7% from 2023 to 2030 to reach $17.47 billion by 2030.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5465

Electronic design automation (EDA) is the use of computer programs to design, simulate, verify, and manufacture electronic systems such as integrated circuits (IC), IC packaging, and printed circuit boards (PCB). EDA software (also known as electronic computer-aided design or ECAD software). EDA has become essential for the development, testing, and production of electronic systems due to the rise of large-scale integration (VLSI) systems and the ever-increasing complexity of ICs and PCBs, including millions of transistors, diodes, and other individual components.

The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing, the increasing adoption of connected devices, and the rising demand for EDA solutions in the aerospace & defense sector. However, the availability of open-source EDA software restrains the growth of this market. The growing adoption of cloud technologies across SMEs and the increasing integration of machine learning technology are expected to create growth opportunities for the players operating in this market. However, constant technological changes are a challenge for market growth. Additionally, the emergence of domain-specific electronic product designs and the growing adoption of AI & ML technologies are major trends in the electronic design automation market.

Increasing integration of machine learning technology is expected to create strong growth opportunities during the forecast period in the electronic design automation market

In today's modern connected world, most organizations and government bodies are inclined toward cloud deployments and reshaping their approach to digitalization. Small and medium-sized enterprises (SMEs) are shifting their workloads to the cloud due to various benefits such as mobility, flexibility, security, cost savings, and accessibility. SMEs are increasingly deploying cloud-based technologies due to the convenience of storing files on the cloud and accessing or retrieving them through any connected device. Also, there is no need to employ technical personnel or maintain on-premise IT infrastructure.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5465

Also, the demand for cloud-based technologies is rising in the electronics & semiconductors industries, especially IC manufacturing, as EDA workloads, such as simulations, are computationally intensive and require a lot of space to run on the design software. Market players are collaborating to offer EDA software with cloud-based technologies to help electronics & semiconductor companies implement large-scale modeling and simulation grids. For instance, in August 2020, Amazon Web Services (U.S.) partnered with Arm Limited (U.K.) to develop rapid silicon design using Electronic Design Automation (EDA) software. Also, cloud-based electronic design automation tools can reduce human error, replace manual methods for circuit board and semiconductor design, and improve the construction of electronic components. These factors are expected to create growth opportunities for the electronic design automation market.

Based on offering, the global electronic design automation market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the global electronic design automation market. The growing demand for complex integrated circuits and increasing adoption of connected devices boost the growth of this market. However, the services segment is projected to register the highest CAGR during the forecast period. The rising need to ensure smooth and efficient system roll-out and optimize operations is expected to drive the growth of this segment.

Based on deployment mode, the global electronic design automation market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the overall electronic design automation market. The growth of this segment is attributed to the increasing demand for complex integrated circuits and technological advancement in consumer electronics. Also, this segment is projected to register the highest CAGR during the forecast period.

By Now- " Electronic Design Automation Market - Global Opportunity Analysis And Industry Forecasts (2023-2030) "
click here: https://www.meticulousresearch.com/Checkout/13847173

Based on tool type, the global electronic design automation market is segmented into design tools, verification tools, and simulation tools. In 2023, the design tools segment is expected to account for the largest share of the electronic design automation market. The growth of this segment is attributed to the rise of very large-scale integration (VLSI) systems. Also, this segment is projected to register the highest CAGR during the forecast period.

Based on geography, Asia-Pacific accounted for the largest share of the electronic design automation market in 2023. The large share of this region is primarily attributed to the rising number of electronic manufacturing companies and increased demand for consumer devices.

Some of the key players operating in the electronic design automation market are Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.), Zuken (Japan), Silvaco, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (U.S.), EnSilica (U.K.), EMWorks, Inc. (Canada), and Aldec, Inc. (U.S.).

Browse in-depth TOC on " Electronic Design Automation Market - Global Opportunity Analysis And Industry Forecasts (2023-2030) "
click here: https://www.meticulousresearch.com/product/electronic-design-automation-market-5465

Scope of the Report

Electronic Design Automation Market by Offering

Solutions

Computer-aided Engineering
IC Physical Design & Verification
PCB & MCM Design
Semiconductor IP Design

Services

Electronic Design Automation Market by Deployment Mode

On-premise deployment
Cloud-based deployment

Electronic Design Automation Market by Tool Type

Design Tools
Verification Tools
Simulation Tools

Electronic Design Automation Market by Geography

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Taiwan
Singapore
Rest of Asia-Pacific

Latin America
The Middle East and Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5465

Related Report:

Automotive TIC Market- Global Opportunity Analysis and Industry Forecast to 2027
https://www.meticulousresearch.com/product/automotive-tic-market-4977

Robotic Process Automation Market - Global Opportunity Analysis and Industry Forecast to 2029
https://www.meticulousresearch.com/product/robotic-process-automation-market-5282

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Blog: https://meticulousblog.org/top-10-companies-in-the-electronic-design-automation-market/
Content Source: https://www.meticulousresearch.com/pressrelease/694/electronic-design-automation-market-2030