Electronic Design Automation Tools (EDA) Market: Latest Trend, Growth, Analysis, and Forecast to 2028

2022-04-26 07:37:13 UTC | Others
Electronic Design Automation Tools (EDA) Market: Latest Trend, Growth, Analysis, and Forecast to 2028

The global electronic design automation tools (EDA) market was valued at USD 10.80 Billion in 2020, and it is expected to reach USD 18.37 Billion by 2027, registering a CAGR of 9.46% during the period 2021-2027.

Electronic Design Automation Tools (EDA)  software facilitates designers’ needs at multiple levels of the creation of designs for electronic systems, including integrated circuits (ICs), printed circuit boards (PCBs), and multi-chip modules (MCMs). The EDA software allows the designer to analyze, monitor, and simulate the designs before their practical implementation. The electronic design automation software market is closely related to the semiconductor industry. EDA software is mainly used in automotive, machinery, electronics, communications, aerospace & defense, medical, and other industries.

According to application, the consumer electronics segment accounted for the highest electronic design automation software market size in the global market in 2019. This is attributed to continuous advancements in the consumer electronics such as smart phones, laptops, desktops, tablets, cameras and many more. The EDA software is also expected to meet the unfulfilled need for methods, models and tools that would permit quicker and more accurate design and verification of microelectronic systems and circuits which is driving the growth of this segment.

The Major Players In The Electronic Design Automation Tools (EDA) Market Include:

Altium Limited, ANSYS Inc., Cadence Design Systems Inc., Keysight Technologies Inc., Agnisys Inc., Aldec Inc., Lauterbach GmbH, Mentor Graphic Corporation (Siemens), Synopsys Inc., Xilinx Inc., Zuken Ltd

Market has segmented the global Electronic Design Automation Tools (EDA) market on the basis of type, application, and region:

The Electronic Design Automation Tools (EDA) market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

 Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip , Module (PCB and MCM), Semiconductor Intellectual Property (SIP)

 By Application:

  Communication, Consumer Electronics, Computer, Automotive, Industrial, Other Applications

 By Regional Outlook

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Electronic Design Automation Tools (EDA) Market has experienced slow down growth, however, the market is expected to bounce back as restrictions are being lifted up by governments across the globe. 

Key benefits for stakeholders

·         This study includes the analytical depiction of the electronic design automation software market forecast and trends to determine the imminent investment pockets.

·         The report presents information related to key drivers, restraints, and opportunities of the electronic design automation software Industry.

·         The electronic design automation software market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.

·         Porter’s five forces analysis illustrates the potency of buyers & suppliers in the electronic design automation software market.

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