According to The Insight Partners’ research, the global Electronic Design Automation Market was estimated at US$ 10.31 billion in 2018 and is slated to amass US$ 28.27 billion by 2027, registering a CAGR of 12.0% over the forecast period. The growth of the semiconductor industry and the rising adoption of IoT, artificial intelligence, and virtual reality are the factors driving the market growth.
The Semiconductor Industry Association (SIA) in October 2018 charted an increase of 12.7% from 2017 and marked a total value of US$ 41.8 billion. Moreover, the WSTS forecasted a trajectory of 15.9% in 2018 and 2.6% in 2019. This upsurge in the semiconductor industry raised the confidence of market players to invest in this market. As the semiconductor industry continues to be in a strong up-cycle, the leaders in the market are anticipated to adopt a future-oriented approach by considering unconventional end markets such as artificial intelligence, autonomous vehicle, and IoT.
Smartphones, TVs, smart homes, IoT, connected cars, and artificial intelligence have paved every aspect of human life. The demand for consumer electronics worldwide has been primarily driven by the consumer’s desire for newer and improved capabilities. Thus, it encouraged the the consumer electronics sector to constantly explore innovations and technologies that encapsulate people’s imagination and are affordable and relevant in catering to their daily needs. In such cases, the EDA software providers, the electronic component manufacturers, and technologists design suitable prototypes. Therefore, growing consumer expectations and burgeoning consumer electronics demand will drive the EDA market in the coming years.
Conversely, complicated end user requirements are expected to hamper the global electronic design automation market.
Based on type, the global electronic design automation market is categorized into computer-aided engineering (CAE), semiconductor intellectual property (SIP), IC physical design & verification, and printed circuit board (PCB) & multi-chip module (MCM). Among these, the semiconductor intellectual property (SIP) dominated the segment in 2018 with a market share of 38.2%. The semiconductor intellectual property (SIP) was valued at 3,937.7 million in 2018 and is projected to grow at a CAGR of 9.6% during 2019–2027 to garner US$ 8,863.1 million by 2027.
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As per application, the market is segmented into aerospace & defense, consumer electronics, telecom, automotive, industrial, and others. In 2018, the consumer electronics segment led the domain by capturing a share of 31.6% and a market value of US$ 3,258.7 million. Further, the segment is expected to continue its dominance by accounting for US$ 7,713.7 million by 2027 to garner at a CAGR of 10.2% throughout the forecast period.
Our regional analysis states that Asia Pacific held a significant share in the global electronic design automation market of 41.6% and a market value of US$ 4,283.5 million in 2018. It is proposed to reach US$ 12,685.4 million by 2027, growing at a CAGR of 13.0% over the forecast timeframe. Meanwhile, Europe is predicted to record a stellar growth of 14.9% CAGR over 2019–2027 to amass US$ 4,403.7 million by 2027.
Major players exhibited in the global electronic design automation market are Agnisys Inc; Aldec, Inc; Autodesk, Inc; Cadence Design Systems, Inc; Labcenter Electronics Ltd; Keysight Technologies; Mentor Graphics Corporation; Silvaco, Inc; Synopsys, Inc; and Zuken Inc.
- Agnisys Inc launched a portable sequence generator used for early design and verification to post-silicon validation in May 2016.
- In November 2018, Aldec, Inc. declared the up-gradation of Riviera-PRO by adding VHDL-2018 interfaces and automatic coverage model generation to its features.
- In July 2018, Cadence Design Systems, Inc. and Green Hills Software partnered to accelerate embedded system safety and security.
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