Electronic Design Automation (EDA)
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What Is the Expected CAGR for the Electronic Design Automation (EDA) Market Through 2025?
The electronic design automation (EDA) industry has seen a significant expansion in the recent times. It is projected to grow from a market size of $15.12 billion in 2024 to reach $16.65 billion by 2025, marking a compound annual growth rate (CAGR) of 10.1%. Various factors have spurred growth during the historical period which include increasing demand for EDA tools in the automobile sector, the growing use of finfet architecture, and the surge in IoT, VR, and AI applications. Also, the rising demand for compact and mobile electronic devices and the growing applications of machine learning in EDA have contributed to this growth.
What’s the Projected Size of the Global Electronic Design Automation (EDA) Market by 2029?
The market size of electronic design automation (EDA) is projected to experience robust expansion in the forthcoming years, specifically, it is anticipated to reach $22.73 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this projected growth include the rising demand for complex integrated circuits (ICS), escalating miniaturization across different sectors, heightened consumer awareness about fitness, the expansion of the internet of things (IoT) and connected devices, and the increasing application of field-programmable gate arrays (FGGAS) in data centers. The technological advancements, implementation of 5G technology, the increasing use of IoT devices, the use of SOC technology, as well as the capabilities of machine learning with AI, are the major trends expected during this forecast period.
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Top Growth Drivers in the Electronic Design Automation (EDA) Industry: What’s Accelerating the Market?
The growth of the electronic design automation (EDA) market is anticipated to be fueled by the rising need for complex integrated circuits (ICs). These are compact electronic chips created with interconnected elements like resistors, transistors, and capacitors, all placed on a singular piece of a semiconductor material like silicon. The intricacies of developing cutting-edge integrated circuits are efficiently navigated by EDA tools, which ensure that functionality, performance, and manufacturability align with the desired standards. These EDA tools also allow for the compilation, analysis, and simulation of HDL descriptions to confirm the design’s accuracy and adherence to required specifications. The global semiconductor sales, as reported by the Semiconductor Industry Association (SIA), a trade association and lobbying group based in the US, reached $53.1 billion in August 2024. This was a 20.6% increase from the $44.0 billion observed in August 2023 and a 3.5% ascension from the $51.3 billion noted in July 2024. Hence, the demand for complex integrated circuits is spurring the growth of the electronic design automation market.
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What Trends Will Shape the Electronic Design Automation (EDA) Market Through 2029 and Beyond?
Major companies in the electronic design automation (EDA) market, such as Siemens AG, are leveraging innovation to remain competitive. They’re introducing cutting-edge products like Tessent RTL Pro that assist integrated circuit (IC) design teams to hasten essential design-for-test (DFT) tasks for futuristic designs. For instance, in October 2023, Siemens AG, a German automation firm that engages in designing, developing, and manufacturing, unveiled the Tessent RTL Pro, a state-of-the-art software solution. This inventive software automates the evaluation and inclusion of test points, wrapper cells, and x-bounding logic at the beginning of the design process. As a result, it empowers engineers to spot and rectify testability issues during the initial phases of design. In combination with Siemens’ Tessent DFT tools, Tessent RTL Pro delivers unprecedented functionality, enabling customers to decrease design turn-around-time and enhance time-to-market.
What Are the Main Segments in the Electronic Design Automation (EDA) Market?
The electronic design automation (EDA) market covered in this report is segmented –
1) By Type: Computer Aided Engineering (CAE), Semiconductor Intellectual Property (SIP), Integrated Circuit (IC) Physical Design And Verification, Printed Circuit Board (PCB) And Multi-Chip Module (MCM)
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Application: Microprocessors And Microcontrollers, Memory Management Units, Other Applications
4) By End User: Automotive Industry, Healthcare Industry, Aerospace And Defense Industry, Telecom And Data Centre Industry, Consumer Electronics Industry, Industrial Sector, Other End-Users
Subsegments:
1) By Computer Aided Engineering (CAE): Simulation Software, Analysis Tools, Testing And Validation Tools
2) By Semiconductor Intellectual Property (SIP): Soft IP, Hard IP, Mixed-Signal IP
3) By Integrated Circuit (IC) Physical Design And Verification: Layout Design Tools, Place And Route Tools, Design Rule Checking (DRC) Tools, Layout Versus Schematic (LVS) Tools
4) By Printed Circuit Board (PCB) And Multi-Chip Module (MCM): PCB Design Tools, MCM Design Tools, Design For Manufacturing (DFM) Tools, Schematic Capture Tools
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Which Top Companies are Driving Growth in the Electronic Design Automation (EDA) Market?
Major companies operating in the electronic design automation (EDA) market are Siemens AG, Oracle Corporation, SAP SE, Advanced Micro Devices Inc., Dassault Systemes, Keysight Technologies Inc., Synopsys Inc., Autodesk Inc., Cadence Design Systems Inc., Werner Enterprises, Xilinx Inc., Ansys Inc., National Instruments Corp., MathWorks Inc., eInfochips Private Limited, Mentor Graphics Corporation, Altium Limited, BluJay Solutions Ltd., Zuken Inc., Silvaco Inc., Aldec Inc., Agnisys Inc., Labcenter Electronics Ltd., Intercept Technology Inc., Sigasi NV, Altair Engineering Inc., Boldport Limited, Dolphin Design, EasyEDA, EnSilica plc, Eremex Ltd.
Which Regions Will Dominate the Electronic Design Automation (EDA) Market Through 2029?
North America was the largest region in the electronic design automation (EDA) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic design automation (EDA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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