Electronic Design Automation Market Poised at US$ 28.6 Billion by 2032

In 2021, the global electronic design market achieved a valuation of US$ 12.5 Billion, and it is anticipated to further rise to US$ 13.5 Billion in 2022, marking an 8% year-on-year growth. Looking ahead to the forecast period spanning from 2022 to 2032, the market is expected to sustain a robust compound annual growth rate (CAGR) of 7.8%, culminating in a total worth of US$ 28.6 Billion by the end of 2032.

According to insights from Fact.MR, a prominent provider of market research and competitive intelligence, the electronic design automation market exhibited an impressive CAGR of 8.3% during the years 2015 to 2021. This growth is primarily attributable to the escalating demand for intricate integrated circuits (ICs), which has been a driving force behind the strengthening of the electronic design automation market. Additionally, the burgeoning adoption of connected devices has played a significant role in propelling market expansion during the period from 2015 to 2021.

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Key takeaways:

1. Growing Complexity of Semiconductor Designs: The increasing complexity of semiconductor designs, driven by emerging technologies such as artificial intelligence, Internet of Things (IoT), and 5G, has fueled the demand for electronic design automation tools. EDA solutions help in the design, verification, and testing of complex semiconductor chips, allowing designers to handle intricate designs more efficiently.
2. Demand for Improved Efficiency and Time-to-Market: In the highly competitive semiconductor industry, time-to-market is crucial. EDA tools play a vital role in accelerating the design process, reducing design iterations, and improving overall efficiency. Designers rely on EDA software to automate repetitive tasks, optimize designs, and ensure faster product development cycles.
3. Adoption of System-on-Chip (SoC) Designs: System-on-Chip designs, which integrate multiple functionalities onto a single chip, have gained significant traction. EDA tools enable the design and verification of complex SoCs, including the integration of hardware and software components. The EDA market has witnessed increased demand for tools specifically tailored for SoC design and verification.
4. Emphasis on Functional Safety and Security: With the proliferation of safety-critical applications such as autonomous vehicles and medical devices, functional safety and security have become paramount. EDA solutions help ensure compliance with safety standards and facilitate the identification and mitigation of potential vulnerabilities. As a result, there is a growing need for EDA tools that address functional safety and security concerns.
5. Shift to Cloud-Based EDA Solutions: The EDA industry has started embracing cloud computing to address scalability, flexibility, and cost-efficiency challenges. Cloud-based EDA solutions offer on-demand access to compute resources, enabling designers to overcome resource limitations and accelerate design simulations and verification. This trend has gained momentum as cloud infrastructure and security capabilities have improved.

Competitive landscape:

Players in the electronic design automation market are undertaking various technologically advanced solutions to offer efficient solutions to their customers. As the competition increases in the market, vendors of the industry are taking various efforts to strategically collaborate with players around the globe. Some recent updates about the industry are as follows:

• In July 2021, Zuken Inc. launched CR-8000 2021. It is a developed version of CR-8000 that principally focuses on early design analysis and reuse functionality.
• In April 2021, ANSYS, Inc. announced a strategic collaboration with Advanced Micro Devices, Inc. The collaboration will assist engineering teams across the industries to enhance unique and innovative product design by developing modeling run times. The 3rd Gen AMD EPYC 7003 Series processors increase Ansys simulations’ run time by 2x.

Key Market Players:

• Cadence Design Systems
• Siemens
• Synopsys
• Ansys
• Keysight Technologies

Key Segments Covered in the Global Electronic Design Automation Market Study:

• By Product

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

• By Deployment Mode

• Cloud-based
• On-Premises

• By Application

• Microprocessors & Microcontrollers
• Memory Management Units
• Others (Interfaces, FPGAs, ADCs, DACs, and Mixed ICs)

• By End User

• Automotive Industry
• Healthcare Industry
• Aerospace & Defense Industry
• Telecom and Data Centre Industry
• Consumer Electronics Industry
• Industrial Sector

• By Region

• North America
• Europe
• Asia-Pacific E
• Middle East & Africa
• Latin

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Questionnaire answered in the Market outlook Report of Electronic Design Automation include:

• What is the key strategy deployed by large players to maximize Electronic Design Automation Market growth?
• What are the main challenges faced by players in the Electronic Design Automation market Demand?
• With the advent of technological advancement, how will the Electronic Design Automation market landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Electronic Design Automation market size?

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