Electronic Design Automation Market Report by Solution Type (Semiconductor IP, CAE (Computer Aided Engineering), IC Physical Design and Verification, PCB & MCM (Printed Circuit Board and Multi-Chip Module), Services), Deployment Type (On-premises, Cloud-b

Electronic Design Automation Market Report by Solution Type (Semiconductor IP, CAE (Computer Aided Engineering), IC Physical Design and Verification, PCB & MCM (Printed Circuit Board and Multi-Chip Module), Services), Deployment Type (On-premises, Cloud-based), End-Use Industry (Military/Defense, Aerospace, Telecom, Automotive, Healthcare, and Others), and Region 2024-2032

The global electronic design automation market size reached US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032. The market is experiencing moderate growth driven by rapid technological advancements, proliferation of IoT devices, 5G technology implementation, increasing complexity of semiconductor designs, and global automotive electronics industry expansion.

Electronic Design Automation Market Analysis:
Market Growth and Size: The market is witnessing moderate growth, driven by the increasing demand for semiconductor chips in various industries.
Technological Advancements: Technological advancements in EDA tools, such as AI and machine learning integration, have improved design efficiency and reduced time-to-market for electronic products. Cloud-based EDA solutions are gaining popularity, enabling remote collaboration and scalability.
Industry Applications: EDA tools find extensive applications in semiconductor manufacturing, PCB design, and electronic system design across diverse sectors, including automotive, aerospace, consumer electronics, and healthcare.
Geographical Trends: Asia-Pacific particularly China and Taiwan, has emerged as a dominant player in the EDA market, driven by the robust semiconductor industry in the region. North America remains a key market, with a focus on innovation and R&D in EDA technology.
Competitive Landscape: Key players are characterized by intense competition, with companies continuously striving to offer cutting-edge solutions.
Challenges and Opportunities: The EDA market faces challenges related to the complexity of designs and the need for skilled professionals. Opportunities lie in the growing demand for IoT devices, 5G technology, and automotive electronics, driving the need for advanced EDA solutions.
Future Outlook: The EDA market is poised for growth, driven by emerging technologies and the increasing integration of electronics in various industries. Collaboration and partnerships between EDA companies and semiconductor manufacturers are expected to play a pivotal role in shaping the future of the industry.

Electronic Design Automation Market Trends:
Rapid Technological Advancements

The EDA market is significantly influenced by rapid technological advancements in the electronics industry. With each passing year, electronic devices become more sophisticated, requiring intricate and efficient designs. EDA tools play a crucial role in meeting these demands. Advancements such as the integration of artificial intelligence (AI) and machine learning have revolutionized the design process, enabling faster and more accurate design iterations. This technology-driven evolution propels the EDA market forward as companies seek cutting-edge solutions to stay competitive.

Proliferation of IoT Devices

The Internet of Things (IoT) has witnessed exponential growth in recent years across various sectors, from smart homes to industrial automation. This rise in IoT applications drives the demand for EDA tools to design efficient and power-efficient microchips and sensors. The EDA market benefits from the expansion of IoT as it requires specialized solutions to address the unique challenges posed by IoT device design, including low power consumption, small form factors, and connectivity requirements.

5G Technology Implementation

The rollout of 5G technology brings enhanced network capabilities, enabling faster data transfer and lower latency. To harness the potential of 5G, there is a growing need for EDA tools that can design complex RF (radio frequency) and mmWave (millimeter-wave) circuits. EDA companies are developing solutions to help manufacturers design 5G-enabled devices, contributing to the growth of the EDA market.

Increasing Complexity of Semiconductor Designs

Semiconductor designs have become increasingly complex, driven by demands for higher performance, lower power consumption, and smaller form factors. This complexity necessitates advanced EDA tools capable of handling intricate designs efficiently. Companies in the semiconductor industry rely on EDA solutions to reduce design cycles and enhance product reliability, which in turn fuels the growth of the EDA market.

Expansion of Automotive Electronics Industry

The automotive electronics industry is undergoing a significant transformation with the proliferation of electric vehicles (EVs) and autonomous driving technologies. These innovations require advanced electronic systems, leading to a rise in automotive electronics. EDA tools are essential in designing the complex electronic components and systems required for EVs and autonomous vehicles. The expansion of automotive electronics is a key driver of the EDA market as it creates opportunities for specialized design solutions tailored to the automotive unique requirements of sectors.

Electronic Design Automation Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on solution type, deployment type, and end-use industry.

Breakup by Solution Type:

Semiconductor IP
CAE (Computer Aided Engineering)
IC Physical Design and Verification
PCB & MCM (Printed Circuit Board and Multi-Chip Module)
Services

Semiconductor IP accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the solution type. This includes semiconductor IP, CAE (computer aided engineering), IC physical design and verification, PCB & MCM (printed circuit board and multi-chip module), and services. According to the report, semiconductor IP represented the largest segment.

Breakup by Deployment Type:

On-Premises
Cloud-Based

A detailed breakup and analysis of the market based on the deployment type have also been provided in the report. This includes on-premises and cloud-based.

Breakup by End-Use Industry:

Military/Defense
Aerospace
Telecom
Automotive
Healthcare
Others

Automotive represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes military/defense, aerospace, telecom, automotive, healthcare, and others. According to the report, automotive represented the largest segment.

Breakup by Region:

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

North America leads the market, accounting for the largest electronic design automation market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Altium Limited
ANSYS, Inc.
Autodesk Inc.
Boldport Limited
Cadence Design Systems Inc.
Siemens AG
Silvaco Inc.
Synopsys, Inc.
Vennsa Technologies
Xilinx, Inc.

Key Questions Answered in This Report

1. What was the size of the global electronic design automation market in 2023?
2. What is the expected growth rate of the global electronic design automation market during 2024-2032?
3. What has been the impact of COVID-19 on the global electronic design automation market?
4. What are the key factors driving the global electronic design automation market?
5. What is the breakup of the global electronic design automation market based on the solution type?
6. What is the breakup of the global electronic design automation market based on the end-use industry?
7. What are the key regions in the global electronic design automation market?
8. Who are the key players/companies in the global electronic design automation market?