Electronic Design Automation (EDA) Market - By Product (Computer-aided Engineering, IC Physical Design & Verification, Printed Circuit Board & Multi-chip Module, Semiconductor Intellectual Property, Services), By Application & Forecast, 2023 - 2032

Electronic Design Automation (EDA) Market - By Product (Computer-aided Engineering, IC Physical Design & Verification, Printed Circuit Board & Multi-chip Module, Semiconductor Intellectual Property, Services), By Application & Forecast, 2023 - 2032

Electronic Design Automation (EDA) market is expected to register a growth rate of over 10% during 2023-2032 driven by technological advancements, global connectivity and interconnected systems, diverse application and rising demand for advanced electronic devices.

The advent of 5G technology and the push towards autonomous vehicles are catalyzing innovation in semiconductor design. Additionally, the rising demand for advanced electronic devices, such as smartphones, IoT devices, and smart appliances, is propelling the need for more complex and efficient design solutions. The increasing emphasis on reducing time-to-market for electronic products has also driven the adoption of EDA solutions, as they enable faster prototyping and simulation.

The Electronic Design Automation (EDA) industry is classified based on product, application and region.

The Computer-Aided Engineering (CAE) product segment is set for steady growth through 2032. The solution is vital in the design and analysis of electronic systems, offering engineers a virtual environment for testing and optimizing designs before physical prototypes are produced. It includes a wide array of tools, from simulation software to finite element analysis, and computational fluid dynamics, among others. Moreover, utilization of CAE tools enhances product quality, reduces development costs, and accelerates time-to-market, making it an indispensable asset for designers and engineers across various industries.

The aerospace & defense sector is expected to witness decent growth during the forecast period owing to the increasing application of EDA tools. The growing complexity of electronic systems in aircraft, satellites, and defense systems demands sophisticated design and verification processes. EDA solutions facilitate the development of high-performance electronic components, ensuring reliability, safety, and compliance with stringent regulations.

North America Electronic Design Automation (EDA) industry is set for unprecedented growth through 2032 driven by a robust technology infrastructure and thriving electronics sector. The presence of key market players, a strong focus on R&D, and a wider adoption of advanced technologies pushes the product demand. With a concentration of leading semiconductor companies and a burgeoning sales graph for electronic devices, North America EDA market is expected to witness sustained growth.