Global Electronic Design Automation (EDA) Software Market Size was valued nearly USD 6.45 billion by 2017 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 8.9% during the forecast period, i.e. 2017-2025. The EDA is able to eliminate manual errors and to reduce the time and cost related with deigns electric circuits.  

Global Electronic Design Automation (EDA) Software Market Growth Opportunities (Revenue, Growth) By 2017-2025

Electronic design automation software is required for smart wearable devices, automotive gadgets; health care equipment is pushing IC manufacturers to reduce the size of ICs. EDA software is used to reduce the size of IC as well as to design the compact products, and also EDA software used to eliminate the errors associated with IC designing process, and accelerating the manufacturing process.

Market Dynamics:

In 2018 the global electronic design automation (EDA) software market size was valued at USD 8.06 billion and is anticipated to grow higher in forecast period. Electronic design automation software is used to eliminate manual errors and to reduce the time and cost associated with designing electric circuits is projected to be a major factor to drive the market growth higher. Also, incorporation of machine learning concept is used reduce the designing cost by allowing the tools to suggest solutions for common designing issues.

Advancements in the consumer electronics industry and growing popularity of FinFET architecture for designing the modern processors are also anticipated to drive the market growth. New consumer electronics are getting compact and energy-efficient, however, consumer electronics updated design and automation solutions capable of deleting the design gaps which are required to design the chips of the consumer electronics, the demand of EDA software is anticipated to grow high in upcoming period.

Market Segmentation:

Based on application, the electronic design automation software market has been segmented into microprocessor and controllers, memory management units, and others. Microprocessor and controller segment held over 60% of the total market in 2018. The segment is anticipated to witness significant growth in upcoming years due to high usage of microprocessor and controllers in television set, media players and other consumer electronics.

Extensive use of microprocessor and controllers in smartcard applications, sensing applications, and other smart devices coupled with the changing dynamics of processors in terms of size and processing power is also anticipated to propel the segment growth during upcoming period.

Regional Analysis:

North America accounted for a market share of over 40% in 2017. It is expected to extent at a healthy market in upcoming years in line with the continued deployment of automated smart vehicles, connected, the continued rollout of the infrastructure required to enhance the connectivity with these vehicles.

Global Electronic Design Automation (EDA) Software Market Size, Share Analysis By Region 2017

Asia Pacific generated almost 30% of the total revenue in 2017, growing population and the increasing growth in demand for consumer electronics and smart devices, particularly in emerging economies, such as India and China. Factors that are expected to have a positive impact on the regional market growth include the proliferation of smartphones and increasing number of tire 1 companies in the region. India and China are projected to gain the market at high extent over the forecast period.

Global Electronic Design Automation (EDA) Software Market Study Objective

1. To forecast the market size of electronic design automation software market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of electronic design automation software market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of electronic design automation (EDA) software market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of electronic design automation software market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the electronic design automation software market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of electronic design automation software market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of electronic design automation (EDA) software market commercially.

Key Player:

The key market players of electronic design automation are Cadence Design Systems, Inc.; Synopsis, Inc.; Mentor; Silvaco, Inc.; Vennsa Technologies; ANSYS, Inc.; and Altium LLC. Growing number of foundries is prompting these companies to coordinate with the foundries to make sure that their EDA solutions are compatible with the manufacturing processes adopted by the foundries. Moreover, these companies also emphasize on mergers and acquisitions and on expanding distribution network as part of their strategies to expand their product portfolio and strengthen their market position.

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