Electronic Design Automation Market Size Worth USD 22.18 billion by 2030 at 8.9% CAGR – Report by SNS Insider

Electronic Design Automation Market Scope & Overview

According to a report by SNS Insider, the Electronic Design Automation Market is projected to reach a valuation of USD 22.18 billion by 2030, showing significant growth from its valuation of USD 11.21 billion in 2022. It is expected to exhibit a compound annual growth rate (CAGR) of 8.9% during the forecast period of 2023-2030. Electronic Design Automation Market to Gain Higher Momentum owing to Growing Demand for Advanced Electronic Devices and Expansion of Semiconductor Industry.

Electronic Design Automation (EDA) refers to a set of software tools and methodologies used in the design and development of electronic systems. It encompasses a wide range of activities involved in designing integrated circuits (ICs), printed circuit boards (PCBs), and other electronic components.

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Key Players Covered in Electronic Design Automation market report are:

Cadence Design Systems,

Altium Limited,

Vennsa Technologies,

Xilinx,

Synopsys,

Siemens,

ANSYS,

EInfochips,

Zuken,

Silvaco.

Market Analysis

The electronic design automation market is expected to witness significant growth and hold promising prospects in the future. The rapid proliferation of smartphones, tablets, wearable devices, Internet of Things (IoT) devices, and autonomous vehicles has fueled the demand for advanced electronic components. EDA tools play a crucial role in designing and optimizing these complex electronic systems, driving the need for more sophisticated EDA solutions.

Impact of Recession

The impact of a recession on the electronic design automation market is a combination of reduced demand due to decreased capital expenditure and R&D budgets, alongside potential opportunities driven by cost efficiency and innovation. The extent of these effects depends on the severity and duration of the recession, as well as the specific industry dynamics within the EDA market.

Segmentation Analysis

The electronic design automation market is experiencing a paradigm shift, with the cloud-based segment and the automotive industry segment taking center stage. Cloud-based EDA tools provide scalable and collaborative design environments, addressing the growing complexity of electronic systems. Simultaneously, the automotive industry's demand for specialized EDA solutions is escalating due to the rise of electric and autonomous vehicles.

Electronic Design Automation Market Segmentation as Follows:

BY PRODUCT

IC Physical Design & Verification

Semiconductor IP

Computer-aided Engineering (CAE)

PCB & MCM

Services

BY DEPLOYMENT MODE

Cloud-based

On-premises

BY APPLICATION

Memory Management Units

Microprocessors & Microcontrollers

Others

BY END USER

Automotive Industry

Aerospace & Defense Industry

Consumer Electronics Industry

Healthcare Industry

Telecom and Data Centre Industry

Industrial Sector

Others

Segmented by Region/Country:

North America

Europe

China

Japan

Asia Other

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Regional Status & Analysis

North America is on the cusp of dominating the electronic design automation market, driven by its robust technological infrastructure, skilled workforce, thriving ecosystem of innovative companies, and close collaboration with the semiconductor industry. These factors position North America at the forefront of EDA, enabling it to shape the future of electronic design and accelerate technological progress. As the region continues to foster innovation, we can expect to witness further advancements in EDA tools and solutions, solidifying North America's leadership in this critical sector of the electronics industry.

Conclusion

The market has promising future prospects due to the growing demand for advanced electronic devices, increasing complexity of designs, adoption of AI and ML, expansion of the semiconductor industry, focus on design optimization and cost reduction, and the increasing use of cloud-based EDA solutions.

Frequently Asked Questions about this Research Report

Q1. What is the projected outlook for electronic design automation market growth?

ANS: The market is projected to reach a value exceeding USD 22.18 billion by the year 2030.

Q2. What are the major factors influencing the electronic design automation market?

ANS: With the rising cost of chip manufacturing, there is a growing emphasis on design optimization to improve performance and reduce power consumption.

Q3. Who are the leading players in the electronic design automation market?

ANS: Cadence Design Systems, Altium Limited, Vennsa Technologies, Xilinx, Synopsys, Siemens, ANSYS, EInfochips, Zuken, Silvaco.

Table of Content – Analysis of Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession on Major Economies

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Electronic Design Automation Market Segmentation, By Product

9. Electronic Design Automation Market Segmentation, By Deployment Mode

10. Electronic Design Automation Market Segmentation, By Application

11. Electronic Design Automation Market Segmentation, By End User

12. Regional Analysis

13. Company Profiles

14. Competitive Landscape

15. Conclusion

Continued…

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