EDA Tools Market, By Product (Computer Aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) and Multi-Chip Module (MCM), Semiconductor Intellectual Property (SIP), Services), By Application, (Aerospace & Defense, Automotive, Consumer Electronics, Industrial, Medical Telecommunication, Others), By Region – Global Analysis Forecast Till 2030

EDA Tools Market size was valued at USD 11.12 Billion in 2020 and is projected to reach USD 24.12 Billion by 2030, growing at a CAGR of 10.15% from 2021 to 2028.

Electronic Design Automation (EDA) includes a diverse set of software algorithms for designing complex, next-generation electronic products or systems with a variety of integrated circuits (ICs) and printed circuit boards (PCBs), along with other products that exist on the market. EDA allows engineers to style, analyze, and simulate semiconductor chips, including algorithms and methodologies for designing VLSI circuits. All tools in EDA work collectively during a specific design flow determined by the chip designer to design and analyze the entire semiconductor chip.

With billions of components in modern semiconductor chips, these EDA tools have become an essential design component. It also helps semiconductor manufacturing companies reduce their chips' development time, increasing their designs' accuracy. EDA Tools Market players offer desirable services combined with software packages consisting of defect tracking, training, maintenance services, and troubleshooting, giving players a distinct advantage over free or open-source non-licensed software tools.

With billions of components in modern semiconductor chips, these EDA tools have become essential design components. It also helps semiconductor manufacturing companies increase design accuracy by reducing chip development time. EDA Tools Market participants offer desirable services coupled with software packages consisting of defect tracking, training, maintenance services, and troubleshooting, giving players distinct advantages over free or open-source unlicensed software tools.

Market Dynamics:

Drivers:
Cost-effectiveness and efficiency associated with EDA are boosting the market growth. EDA helps chipmakers design and manufacture more complex chips in less time and at a lower cost. These factors positively impact the electronic design automation (EDA) market. In addition, the complexity of integrated circuit design is increasing, and the demand for high-precision and high precision of semiconductor devices is increasing. As a result, the industry is driving global business by rapidly adopting IC design and verification tools to place automatically and route circuits on integrated circuits (ICs) or application-specific integrated circuits (ASICs).

Growing IOT and Adopting Connected Devices The global EDA Tools Market is driven by the growth of the Internet of Things (IoT) and connected devices. Adopting these tools reduces errors, design time, and cost and increases demand for aerospace and defense, consumer electronics, and automotive solutions. This is expected to propel the global electronic design automation (EDA) market forward.

Restraints:

However, the increasing evolution of technology and manufacturing processes, growing concerns around Moore's Law, the unorganized sector and intellectual property (IP) issues in the Asia Pacific, and the uncertain economic situation in many countries worldwide are significant factors. Market growth during the forecast period mentioned above will further challenge the EDA Tools Market.

Key players:

• Agnisys Inc.,

• Aldec Inc.,

• Altera Corporation,

• Altium LLC,

• Ansys Inc.,

• Autodesk Inc.,

• Cadence Design Systems Inc.,

• EasyEDA,

• Electromagenticworks Inc.,

• Ferrochip,

• Intercept Technology Inc.,

• Invionics Software Inc.,

• Keysight Technologies,

• National Instruments Corporation,

• Synopsys Inc,

• and Xilinx Inc.

Market Segmentation:

EDA Tools Market, By Product

• Computer Aided Engineering (CAE)

• IC Physical Design & Verification

• Printed Circuit Board (PCB) and Multi-Chip Module (MCM)

• Semiconductor Intellectual Property (SIP)

• Services

EDA Tools Market, By Application

• Aerospace & Defense

• Automotive

• Consumer electronics

• Industrial

• Medical Telecommunication

• Others

EDA Tools Market Analysis, By Region:

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Taiwan

• Latin America

  • Brazil

  • Mexico

• MEA

  • GCC

  • South Africa

Regional Analysis:

EDA tools often design circuit boards, processors, and other complex electronic devices. Adopting EDA tools in consumer electronics and automotive industries will boost demand for the North American market. Growth developments in the semiconductor and circuit manufacturing industries have also increased the EDA Tools Market's importance in this region. Some major EDA tool vendors are Xilinx Inc., Ansys Inc., Keysight Technologies Inc., Cadence Design Systems Inc., and Synopsys Inc., headquartered in North America.

Some North American suppliers have invested in improving their product lines and expanding their reach to meet the demand for EDA tools in the region. For example, in May 2022 Chipmaker Advanced Micro Devices Inc. announced plans to move some of its electronic design automation workloads for chip design to Google Cloud to expand the capabilities of the company's data centers. This allows taking advantage of Google's latest compute-optimized C2D virtual machine instances powered by 3rd Gen AMD EPYC processors and advanced networking, storage, and artificial intelligence capabilities.

Scope of the Report:

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