The global electronic design automation (EDA) market is currently witnessing strong growth. Electronic design automation, or electronic computer-aided design tool, refers to a collection of various software tools that are used to design circuit boards digitally. It utilizes integrated layouts of analog and digital designs, which are used in the manufacturing of integrated circuits (ICs) and other electronic components. This aids in minimizing the production costs and time required for designing ICs, along with eliminating manufacturing errors. Owing to these benefits, it finds extensive applications across various industries, including aerospace, defense, healthcare, telecom and automotive.
Significant growth in the electronics industry, coupled with the emerging trend of industrial automation across the globe, currently represent as the key factors driving the growth of the market. Furthermore, the integration of connected devices with the Internet of Things (IoT), augmented reality (AR) and artificial intelligence (AI) is also providing a boost to the market growth. These technologies are favoring the widespread adoption of circuits, semiconductors and sensors that are compact and require low operational power. Additionally, the trend of miniaturized electronic products is also creating a positive outlook for the market. Manufacturers are utilizing EDA solutions to design advanced electronics with compact designs, such as smart wearable devices, automotive gadgets and healthcare equipment, with high efficiency. Other factors, including the rising utilization of microprocessors and controllers in automated controls and smartcard applications, advancements in System on Chip (SoC) technology and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2020-2025.
Breakup by Solution Type:
CAE (Computer Aided Engineering)
IC Physical Design and Verification
PCB & MCM (Printed Circuit Mode and Multi-Chip Module)
Breakup by Deployment Type:
Breakup by End-Use Industry:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Altium, ANSYS Inc., Autodesk Inc., Boldport Limited, Cadence Design Systems Inc., Mentor (a Siemens Business), Silvaco Inc., Synopsis Inc., Vennsa Technologies, Xilinx Inc., etc.
Key questions answered in this report:
How has the global electronic design automation market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the solution type?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global electronic design automation market and who are the key players?
What is the degree of competition in the industry?