The global electronic design automation market size reached US$ 9.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.8 Billion by 2027, exhibiting a growth rate (CAGR) of 8.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
Electronic Design Automation Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic design automation market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution type, deployment type and end-use industry.
Breakup by Solution Type:
CAE (Computer Aided Engineering)
IC Physical Design and Verification
PCB & MCM (Printed Circuit Board 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 Limited, ANSYS, Inc., Autodesk Inc., Boldport Limited, Cadence Design Systems, Inc., Siemens AG, Silvaco Inc., Synopsys, Inc., Vennsa Technologies and Xilinx, Inc.
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 has been the impact of COVID-19 on the global electronic design automation market?
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?