Market Overview:
Electronic Design Automation Tools Market Size Was Valued at USD 12.94 Billion in 2022, and is Projected to Reach USD 26.67 Billion by 2030, Growing at a CAGR of 9.46% From 2023-2030.
EDA, or electronic design automation, is computer software used for designing electronic systems such as circuit boards and processors. It has replaced manual methods and is also known as electronic computer-aided design. EDA vendors offer pre-designed circuits called semiconductor intellectual property (IP) products. These circuits are used as components in larger chip designs, saving engineers from designing them from scratch. EDA is essential for cost-effective IC design and plays a crucial role in the development of design tools. It encompasses the design and verification of ICs, PCBs, and electronic systems.
Top Key Players in Electronic Design Automation Tools (EDA) Market:
- Altium Limited (Australia)
- ANSYS Inc. (USA)
- Cadence Design Systems Inc. (USA)
- Keysight Technologies Inc. (USA)
- Agnisys Inc. (USA)
- Aldec Inc. (USA)
- Lauterbach GmbH (Germany)
- Mentor Graphics Corporation (Siemens) (USA)
- Synopsys Inc. (USA)
- Xilinx Inc. (USA)
- Zuken Ltd (Japan) and Other Major Players
Market Dynamics and Factors:
The electronic design automation (EDA) market is driven by factors such as the demand for miniature electronic devices, the adoption of SoC technology, the growth of the electronics industry, and the integration with IoT, AR, and AI. Collaboration between foundries and EDA vendors is facilitating the migration to advanced logic nodes. EDA vendors are innovating and offering online access to their software tools, while technological advancements like 5G and machine learning further increase the demand for EDA software.
The global EDA market is well-established, with prominent vendors having a strong presence for several decades. However, the market is experiencing new opportunities arising from sectors like automotive, AI, IoT, and virtual/augmented reality, attracting new entrants and emerging players. The competition in the EDA market is intense, with vendors striving to offer innovative features in their software tools. This competitiveness makes the market dynamic, generating growth opportunities and driving further development.
Key Industry Development:
- In July 2023, Keysight launched PathWave Design 2024, a new version of their software platform that offers enhanced automation and collaboration capabilities specifically designed for enterprise electronic design automation (EDA) workflows. This latest release aims to streamline and optimize the design process by providing advanced automation features and improved collaboration support, catering to the needs of larger organizations involved in EDA activities. A Python API framework has been introduced to automate inter-tool workflows, boosting productivity in the fields of radio frequency (RF)/microwave and high-speed digital design.
- In March 2023, Huawei achieved a significant breakthrough in the development of electronic design automation (EDA) tools for chips. This accomplishment represents a notable advancement in their capabilities for designing and optimizing semiconductor chips Huawei Technologies Co has announced a significant achievement in the development of electronic design automation (EDA) tools for chips that are above the 14-nanometer process. This accomplishment is the result of collaboration with domestic partners and represents a crucial breakthrough for the semiconductor industry in China, particularly in light of the restrictions imposed by the US government.
Electronic Design Automation Tools (EDA) Market Report Highlight:
- By Type, Computer-aided engineering (CAE) holds a larger market share as compared to IC Physical Design & Verification. The automobile industry has widely adopted computer-aided engineering (CAE) due to its ability to deliver sophisticated designs, enhanced standards, and improved operating practices. This has resulted in significant benefits for the industry.
- By Application, the Communication segment is expected to register the highest growth during the projected period. Communication, as a sector, encompasses various sub-industries such as telecommunications, networking, wireless technologies, and more. These industries heavily rely on EDA tools for designing and developing electronic systems, integrated circuits, and printed circuit boards.
- North America is poised to be a prominent region and a major contributor to the electronic design automation (EDA) market in the foreseeable future. This is primarily due to the presence of a substantial number of fabless semiconductor companies, integrated device manufacturers, and foundries in the region.
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Electronic Design Automation Tools (EDA) Market.
Electronic Design Automation Tools (EDA) Market Segmentation:
By Type
- Computer-aided Engineering (CAE)
- IC Physical Design & Verification
- Printed Circuit Board & Multi-chip Module (PCB and MCM)
- Semiconductor Intellectual Property (SIP)
By Application
- Communication
- Consumer Electronics
- Computer
- Automotive
- Industrial
- Other
For this report, Introspective Market Research has segmented the Electronic Design Automation Tools (EDA) Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
