The hardware-assisted verification (HAV) market is projected to observe exponential growth by 2027 owing to surging adoption of industrial internet of things (IIoT) in developing nations. Additionally, rapid industrial automation is anticipated to further support market outlook over the forecast period.

Hardware-assisted verification is an essential segment of the electronic system design ecosystem as it speeds up the simulation process. Various factors, such as widespread use of peripherals, rising computing power, soaring energy consumption, and so forth, are creating substantial demand for hardware-assisted verification. Moreover, autonomous driving, machine learning (ML), artificial intelligence (AI), and 5G communications require powerful verification tools, which has also augmented product demand in recent years.

Furthermore, to monetize emerging market trends, industry players are employing lucrative strategies, thereby enhancing the overall business dynamics. For instance, in October 2021, Cadence Design Systems, Inc., launched its high-capacity Integrity 3D-IC platform, which has been designed to support a wide range of applications, including automotive, consumer, computing, and 5G communications, among others. The 3D-IC platform integrates system analysis, 3D design planning and implementation, physical verification flows, and static timing analysis (STA) in a single unified cockpit.

To cite another instance, in July 2020, Blue Pearl Software, Inc., a major design automation software provider for field programmable gate arrays (FPGA), application specific integrated circuits (ASIC), and system-on-chip (SOC), inked a partnership agreement with ADIUVO Engineering and the European Space Agency (ESA) to enhance the ESA soft-core IP.

With the deal, ESA and ADIUVO agreed to utilize Blue Pearl’s Visual Verification Suite to conduct clock domain crossing analysis to make sure that cores remain stable when used in FPGA or ASIC implementations, ensure that standard coding styles are followed, and perform advanced RTL structural analysis.

The hardware-assisted verification (HAV) market has been segmented on the basis of application, platform, and region. In terms of platform, the market has further been classified into FPGA prototyping and hardware emulation.

The hardware emulation sub-segment is expected to witness robust growth over the study timeline. Increasing design complexity, growing volume of data, and mounting need for computing are likely to propel segmental expansion in the forthcoming years.

With respect to application, the market has been divided into telecom, automotive, medical, industrial, aerospace & defense, consumer electronics, and others. The hardware-assisted verification (HAV) market from the aerospace & defense sub-segment is estimated to garner notable gains by 2027, registering a CAGR of more than 10% over the projected timeframe. Escalating requirement of high-performance solutions in the aerospace & defense sector is slated to fuel segmental growth in the coming years.

From the regional point of view, the Middle East & Africa hardware-assisted verification (HAV) market is set to grow at a significant pace over 2021-2027. Growing investments in the semiconductor industry would impel the uptake of hardware-assisted verification tools in MEA, which is likely to foster regional market outlook in the future.