Electronic Design Automation (Eda) Market Size to grow by USD 8693.6 million between 2024-2028
The Electronic Design Automation (Eda) Market is segmented by Product Type (Semiconductor IP, CAE, IC physical design and verification, PCB and multi-chip module, and Services), Deployment (On-premises and Cloud-based), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 8693.6 million, at a CAGR of 10.26% during the forecast period. There are several companies that are contributing to the market as per this report. Machine learning disrupting global EDA market .
By Product Type, the Semiconductor IP segment is projected to dominate the market size in 2024
In the global Electronic Design Automation (EDA) market, the semiconductor Intellectual Property (IP) segment dominated with the largest market share in 2021. The intricacy of semiconductor designs and manufacturing processes, coupled with the integration of advanced technologies, has led to an increase in the registration of IPs within the semiconductor industry. During the forecast period, the emergence of a connected environment is expected to further complicate Integrated Circuits (ICs), thereby driving the demand for additional IPs. Semiconductor IP, a reusable component of logic, IC, or cell design, is owned by a single party and is a crucial element in the semiconductor industry's growth. The increasing number of semiconductor designers and manufacturers filing patents for their innovative IPs will primarily fuel the growth of this market segment.
For insights on company offerings- Request a sample report!
By Deployment, On-premises segment is expected to hold the largest market size for the year 2024
In the Electronic Design Automation (EDA) market, the on-premises deployment model represents a traditional approach for organizations to host software applications on their own local servers or computing infrastructure. This setup grants businesses full control over their resources, services, and data, ensuring enhanced security and performance benefits such as reduced latency. Furthermore, storing data locally allows organizations to maintain greater control and prevent sensitive information from being transmitted externally. EDA workflows, encompassing front-end design, backend workloads, and performance simulation and verification, are integral to the production of chips. These workflows consist of applications like timing and power analysis, design rule checks, and other backend processes, ultimately ensuring the readiness of a chip for manufacturing.
Why is APAC forecasted to hold the largest regional market size in 2024?
The Electronic Design Automation (EDA) market plays a pivotal role in streamlining the electronic design process for businesses. By utilizing advanced software solutions, EDA tools automate complex design tasks, enabling companies to bring innovative products to market faster and more efficiently. This results in reduced development costs, improved time-to-market, and enhanced design quality. Additionally, EDA solutions facilitate collaboration between teams, ensuring seamless communication and alignment throughout the design process. Overall, EDA technology is a strategic investment for businesses aiming to remain competitive in the ever-evolving electronics industry.
To access the valuable insights - Download the Free Sample Report
Research Analysis Overview
Electronic Design Automation (EDA) market refers to the software industry providing solutions for computer-aided design (CAD) of electronic circuits and systems. EDA software is essential for electronics firms to design and manufacture integrated circuits (ICs) and other hardware components. The market caters to various industries, including the AI industry and IoT sector, where miniaturized chips and circuits are in high demand. EDA software ensures accuracy and efficiency in designing complex circuits for avionics systems, fitness devices, semiconductor components, consumer electronics, social media platforms, streaming services, laptops, smartwatches, and smartphones. AI and machine learning technologies are increasingly integrated into EDA software, offering cloud-based solutions for real-time analysis and optimization. The market's growth is driven by the continuous development of advanced technologies and the increasing demand for electronic components in various industries.
Market Research Overview
The IT software market encompasses businesses specializing in the creation and distribution of application and system software. This sector comprises enterprises engaged in developing software for specific business or consumer applications, such as enterprise and technical software, as well as cloud-based solutions. Notably, it excludes companies producing interactive home entertainment software and those focusing on systems or database management software. According to Technavio, the IT software market size is determined by the consolidated revenue generated by all entities offering IT software, including cloud services. - The Electronic Design Automation (Eda) Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
