DUBLIN, Nov. 23, 2023 /PRNewswire/ — The “Electronic Design Automation Market – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global electronic design automation was valued at USD 11.5 billion in 2020 and is estimated to reach USD 18.1 billion by 2026, registering a CAGR of 7.7%
The increasing demand for complex integrated circuits (ICs) and technologically advanced consumer electronics along with the growing adoption of connected devices are the major driving factors for the growth of the electronic design automation market.
The market for the IC physical design & verification segment is expected to grow at the highest CAGR during the forecast period.
The market for the IC physical design & verification segment is expected to grow at the highest CAGR during the forecast period. The complexity of semiconductor verification and manufacturing requirements is constantly rising, making it increasingly difficult for IC design companies to provide cutting-edge, competitive products on a timely basis to a fast-moving market.
To cater to the demand and achieve set goals, companies require electronic design automation solutions that can offer reliable results and assist them in achieving their aims.
The market for the cloud-based segment is expected to grow at a higher CAGR during the forecast period.
The cloud-based is expected to grow at a higher CAGR during the forecast period. The cloud-based design and verification are expected to provide excellent outcomes in high-speed operational processes, reduce costs associated with the manufacturing of semiconductor chips, and allow companies to reduce time to market and speed up innovation while maintaining or lowering operating costs. Hence, these factors are accelerating the growth of cloud-based electronic design automation solutions.
The memory management units segment of the electronic design automation market is projected to record the highest CAGR during the forecast period.
The memory management units segment of the electronic design automation market is projected to record the highest CAGR during the forecast period. The increasing digitalization, which has accelerated the need for faster processors and efficient memory management tools have accelerated the growth. Companies have been using organic and inorganic growth strategies for the development of the memory management units segment.
The consumer electronics industry held the largest share of the electronic design automation market, and this trend is expected to continue during the forecast period.
The consumer electronics industry held the largest size of the electronic design automation market in 2020 and a similar trend is likely to be observed during the forecast period.
This segment has witnessed rapid growth in the last few years owing to factors such as advancements in technologies used in earphones and headphones; rising demand for technologically advanced, large-size television sets; increasing disposable income and spending capacity of consumers; and growing penetration of smartphones.
Further, the top companies have been enhancing their product portfolios and cracking deals by signing agreements with various companies to improve their products by adopting electronic design automation solutions.
Based on region, APAC is expected to account for the highest CAGR of the electronic design automation market by 2026.
In 2026, the electronic design automation market in APAC is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the strong foothold of China, Japan, Taiwan, and South Korea in the semiconductor industry.
The region is home to some of the largest semiconductor companies, such as Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Samsung Electronics (South Korea), Semiconductor Manufacturing International Corporation (China), and HiSilicon (China).
Additionally, with the ongoing global chip shortage, the governments of countries across the globe are making investments in the semiconductor industry, which is expected to boost the market growth.
Cadence Design Systems, Inc. (US); Synopsys, Inc. (US); Siemens (Germany); ANSYS, Inc. (US); Keysight Technologies, Inc. (US); Xilinx, Inc. (US); eInfochips (US); Altium Limited (Australia); Zuken Inc. (Japan); Silvaco, Inc. (US); are some of the key players in the electronic design automation market.
Premium Insights
- Growing Demand for Technologically Advanced Consumer Electronics to Fuel Growth of Electronic Design Automation Market During Forecast Period
- Semiconductor Ip and Microprocessors & Microcontrollers Segments to Hold Largest Shares of Electronic Design Automation Market by 2026
- Consumer Electronics Industry to Hold Largest Share of Electronic Design Automation Market by 2026
- China to Record Highest CAGR in Electronic Design Automation Market During Forecast Period
- APAC to Hold Largest Share of Electronic Design Automation Market in 2026
Market Dynamics
Drivers
- Increasing Demand for Complex Integrated Circuits (Ics)
- Growing Demand for Technologically Advanced Consumer Electronics
- Increased Demand for Teleconferencing Instruments in COVID-19 Period
- Growing Adoption of Connected Devices
Restraints
- Constant Technological Changes
Opportunities
- Growing Adoption of Cloud-Based Services
- Increasing Demand for Electronic Design Automation Solutions in Avionics Systems and Aerospace & Defense Industry
Challenges
- Impact of COVID-19 on Companies Offering Electronic Design Automation Solutions
Trends/Disruptions Impacting Customers’ Businesses
- Revenue Shift and New Revenue Pockets for Electronic Design Automation Market Players
Electronic Design Automation Ecosystem
Porter’s Five Forces Analysis
Case Study
- Ontec Used Cr-8000 By Zuken Inc. to Develop Next-Generation Products in Less Time
- Idesignspec Helped Xingtera to Minimize Operational Cost and Reduce Time-To-Market
- Silvaco, Inc. Aided Mobile Semiconductor to Deliver Next-Generation, Low Power Memory Systems
- Zuken’s Cr-8000 Design Force with Ansys Analysis Tools Aided Toshiba to Achieve Significant Product Size Reduction
Technology Analysis
- Complementary Technology
- Printed Electronics
- Adjacent Technology
- Risc-V Processor
Patent Analysis, 2018-2021
- Top 20 Patent Owners in Us from 2011 to 2023
- Top 10 Companies with Highest Number of Patent Applications from 2011 to 2023
Company Profiles
Key Companies
- Cadence Design Systems, Inc.
- Synopsys, Inc.
- Siemens
- Ansys, Inc.
- Keysight Technologies, Inc.
- Xilinx, Inc.
- Einfochips
- Altium Limited
- Zuken Inc.
- Silvaco, Inc.
Other Players
- Aldec, Inc.
- Open-Silicon, Inc. (Openfive)
- Ensilica
- Agnisys, Inc.
- Ucamco
- Labcenter Electronics
- Electromagneticworks, Inc.
- Mirabilis Design Inc.
- Eremex, Ltd.
- Schindler & Schill GmbH
For more information about this report visit https://www.researchandmarkets.com/r/wokcs7
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