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Electronic Design Automation Market
Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography - Global Forecast to 2030
Report ID:MRSE - 104781 Pages: 157 Oct-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 2 to 4 HoursThe Electronic Design Automation Market is expected to reach $17.47 billion by 2030, at a CAGR of 10.7% during the forecast period 2023–2030.
The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing, the increasing adoption of connected devices, and the rising demand for EDA solutions in the aerospace & defense sector. However, the availability of open-source EDA software restrains the growth of this market. The growing adoption of cloud technologies across SMEs and the increasing integration of machine learning technology are expected to create growth opportunities for the players operating in this market. However, constant technological changes are a challenge for market growth. Additionally, the emergence of domain-specific electronic product designs and the growing adoption of AI & ML technologies are major trends in the electronic design automation market.
Impact of COVID-19 on the Electronic Design Automation Market
COVID-19 emerged in Wuhan, China, in the last quarter of 2019. In March 2020, the World Health Organization declared a global pandemic as the virus had already spread to most countries, adversely impacting the global economy. The spread of COVID-19 had an unprecedented impact on various sectors. Most industries faced challenges such as disrupted supply chains, workforce scarcity, and employee safety.
The COVID-19 pandemic negatively impacted several economies across the globe and compelled governments to enforce lockdowns, which disrupted global supply chains creating a demand-supply gap. Manufacturing facilities had to operate at limited capacities or shut down completely due to government restrictions. The slowdown in production and shortage of raw materials affected many industries, including the semiconductors industry.
However, despite the challenges faced by the semiconductors industry, the Electronic Design Automation (EDA) industry witnessed an increase in revenues. EDA software providers remained profitable during the COVID-19 pandemic due to long-term and stable investments. The increased demand for EDA tools also drove the adoption of cloud-based EDA solutions, providing designers with 24/7 access to tools and reducing operating costs. Also, the U.S. government announced plans to invest in system-level design to produce advanced security chips. Thus, the COVID-19 pandemic had a mixed impact on the global EDA market.
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Growing Need to Reduce the Complexity of Integrated Circuit Designing Driving the Growth of the Electronic Design Automation Market
With the evolution of modern technologies, the demand for complex integrated circuits is growing rapidly. Integrated circuits are complete systems that also include software. These complex integrated circuits are designed to increase reliability, decrease cost per component, increase component density, and improve the speed of electronic devices. Integrated circuits are used in various electronic devices such as wristwatches, radar, computers, logic devices, and video processors. There is a growing demand for complex integrated circuits across various industries. The process of designing integrated circuits is much more complex without the use of electronic design automation. Electronic design automation simplifies designing complex integrated circuits, saving time and money.
Several companies are offering electronic design automation solutions integrated with cutting-edge technologies such as Artificial Intelligence & Machine Learning to reduce the workload of design engineers. For instance, in July 2021, Cadence Design Systems, Inc. (U.S.) launched the Cerebrus Intelligent Chip Explorer machine learning tool to automate the chip design process and increase the productivity of design engineers. Also, in December 2021, Nexar (a part of Altium Limited) (U.S.) partnered with SnapEDA (U.S.) to improve the performance of printed circuit board (PCB) designs and help engineers design electronic circuits fasters by providing computer-aided design (CAD) models and software. Thus, the need to reduce the complexity of integrated circuit designing boosts the demand for EDA solutions, driving the growth of this market.
Key Findings in the Electronic Design Automation Market Study:
Services Segment to Register the Highest CAGR During the Forecast Period
Based on offering, the market is segmented into solutions and services. The services segment is slated to register the highest CAGR during the forecast period. The rising need to ensure smooth and efficient system roll-out and optimize operations is expected to drive the growth of this segment.
Cloud-based deployment Segment to Account for the Largest Share in 2023
Based on deployment mode, the global electronic design automation market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the global electronic design automation market. The large market share of this segment is attributed to the rising adoption of connected devices, the increasing demand for complex integrated circuits, and technological advancement in consumer electronics.
Design Tools Segment to Register the Largest Share in 2023
Based on tool type, the market is segmented into design tools, verification tools, and simulation tools. In 2023, the design tools segment is expected to account for the largest share of the global electronic design automation market. The rise of very large-scale integration (VLSI) systems and the increasing complexity of ICs and PCBs are expected to drive the growth of this segment.
Asia-Pacific to Register the Highest CAGR During the Forecast Period
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to the rising number of electronic manufacturing companies. Additionally, increased demand for consumer devices and the expansion of facilities to meet this demand are expected to boost the growth of the EDA market in Asia-Pacific during the forecast period.
Key Players
The report includes key strategic developments adopted by the leading market participants in the electronic design automation market over the last three years. The key players operating in the global electronic design automation market are Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.), Zuken (Japan), Silvaco, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (U.S.), EnSilica (U.K.), EMWorks, Inc. (Canada), and Aldec, Inc. (U.S.).
Scope of the Report:
Electronic Design Automation Market, by Offering
- Solutions
- Computer-aided Engineering
- IC Physical Design & Verification
- PCB & MCM Design
- Semiconductor IP Design
- Services
Electronic Design Automation Market, by Deployment Mode
- On-premise deployment
- Cloud-based deployment
Electronic Design Automation Market, by Tool Type
- Design Tools
- Verification Tools
- Simulation Tools
Electronic design automation Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Singapore
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Key questions answered in the report:
The global electronic design automation market is projected to reach $17.47 billion by 2030 at a CAGR of 10.7% during the forecast period.
The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing, the increasing adoption of connected devices, and the rising demand for EDA solutions in the aerospace & defense sector. Additionally, the growing adoption of cloud technologies across SMEs and the increasing integration of machine learning technology is expected to create growth opportunities for the players operating in this market.
The key players operating in the global electronic design automation market are Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.), Zuken (Japan), Silvaco, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (U.S.), EnSilica (U.K.), EMWorks, Inc. (Canada), and Aldec, Inc. (U.S.).
Asia-Pacific is expected to dominate the global electronic design automation market in 2023. Also, the region is expected to register the highest growth rate during the forecast period.
1. Introduction
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency and Limitations
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.2 Bottom-up Approach
2.3.3 Top-down Approach
2.3.4 Growth forecast
2.4 Assumptions for the Study
3. Executive Summary
3.1 Overview
3.2 Market Analysis, by Offering
3.3 Market Analysis, by Deployment Mode
3.4 Market Analysis, by Tool Type
3.5 Market Analysis, by Geography
3.6 Competitive Analysis
4. Market Insights
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Growing Need to Reduce the Complexity of Integrated Circuit Designing
4.2.1.2 Increasing Adoption of Connected Devices
4.2.1.3 Rising Demand for EDA Solutions in the Aerospace & Defense Sector
4.2.2 Restraints
4.2.2.1 Availability of Open-source EDA Software
4.2.3 Opportunities
4.2.3.1 Growing Adoption of Cloud Technologies Across SMEs
4.2.3.2 Increasing Integration of Machine Learning Technology
4.2.4 Challenges
4.2.4.1 Constant Technological Changes
4.2.5 Trends
4.2.5.1 Market Trends
4.2.5.1.1 Emergence of Domain-specific Electronic Product Designs
4.2.5.1.2 Growing Adoption of AI & ML Technologies
5. Impact of the COVID-19 Pandemic on the Global Electronic Design Automation Market
6. Electronic Design Automation Market, by Offering
6.1 Introduction
6.2 Solutions
6.2.1 Semiconductor IP Design
6.2.2 Computer-aided Engineering (CAE)
6.2.3 IC Physical Design & Verification
6.2.4 PCB & MCM Design
6.3 Services
7. Electronic Design Automation Market, by Deployment Mode
7.1. Introduction
7.2. On-premise deployment
7.3. Cloud-based deployment
8. Electronic Design Automation Market, by Tool Type
8.1. Introduction
8.2. Design Tools
8.3. Verification Tools
8.4. Simulation Tools
9. Electronic Design Automation Market, by Geography
9.1 North America
9.1.1 U.S.
9.1.2 Canada
9.2 Europe
9.2.1 Germany
9.2.2 U.K.
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Singapore
9.3.6 Taiwan
9.3.7 Rest of Asia-Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Electronic design automation Market - Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Dashboard
10.3.1. Industry Leaders
10.3.2. Market Differentiators
10.3.3. Vanguards
10.3.4. Emerging Companies
10.4. Vendor Market Positioning
10.5. Market Share Analysis (2021)
11. Company Profiles
11.1. ANSYS, Inc.
11.2. Synopsys, Inc.
11.3. Cadence Design Systems, Inc.
11.4. Siemens AG
11.5. Keysight Technologies, Inc.
11.6. Xilinx, Inc.
11.7. eInfochips
11.8. Altium Limited
11.9. Zuken
11.10. Silvaco, Inc.
11.11. Altair Engineering Inc.
11.12. Autodesk, Inc.
11.13. EnSilica
11.14. EMWorks, Inc.
11.15. Aldec, Inc.
12. Appendix
12.1 Questionnaire
12.2 Customization
List of Tables
Table 1 Currency Conversion Rates into USD (2018–2022)
Table 2 Global Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 3 Global Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 4 Global Electronic Design Automation Solutions Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Electronic Design Automation Market Size for Semiconductor IP Design, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Electronic Design Automation Market Size for Computer-aided Engineering, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Electronic Design Automation Market Size for IC Physical Design & Verification, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Electronic Design Automation Market Size for PCB & MCM Design, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Electronic Design Automation Services Market Size, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 11 Global On-premise Electronic Design Automation Market Size, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Cloud-based Electronic Design Automation Market Size, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 14 Global Electronic Design Automation Market Size for Design Tools, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Electronic Design Automation Market Size for Verification Tools, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Electronic Design Automation Market Size for Simulation Tools, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Electronic Design Automation Market Size, by Country/Region, 2021–2030 (USD Million)
Table 18 North America: Electronic Design Automation Market, by Country, 2021–2030 (USD Million)
Table 19 North America: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 20 North America: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 21 North America: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 22 North America: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 23 U.S.: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 24 U.S.: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 25 U.S.: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 26 U.S.: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 27 Canada: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 28 Canada: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 29 Canada: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 30 Canada: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 31 Europe: Electronic Design Automation Market, by Country/Region, 2021–2030 (USD Million)
Table 32 Europe: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 33 Europe: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 34 Europe: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 35 Europe: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 36 Germany: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 37 Germany: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 38 Germany: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 39 Germany: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 40 U.K.: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 41 U.K.: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 42 U.K.: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 43 U.K.: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 44 France: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 45 France: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 46 France: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 47 France: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 48 Italy: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 49 Italy: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 50 Italy: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 51 Italy: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 52 Spain: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 53 Spain: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 54 Spain: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 55 Spain: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 56 Rest of Europe: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 57 Rest of Europe: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 58 Rest of Europe: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 59 Rest of Europe: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 60 Asia-Pacific: Electronic Design Automation Market, by Country/Region, 2021–2030 (USD Million)
Table 61 Asia-Pacific: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 62 Asia-Pacific: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 63 Asia-Pacific: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 64 Asia-Pacific: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 65 China: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 66 China: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 67 China: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 68 China: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 69 India: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 70 India: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 71 India: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 72 India: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 73 Japan: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 74 Japan: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 75 Japan: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 76 Japan: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 77 South Korea: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 78 South Korea: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 79 South Korea: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 80 South Korea: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 81 Taiwan: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 82 Taiwan: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 83 Taiwan: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 84 Taiwan: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 85 Singapore: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 86 Singapore: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 87 Singapore: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 88 Singapore: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 89 Rest of Asia-Pacific: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 90 Rest of Asia-Pacific: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 91 Rest of Asia-Pacific: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 92 Rest of Asia-Pacific: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 93 Latin America: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 94 Latin America: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 95 Latin America: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 96 Latin America: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 97 Middle East & Africa: Electronic Design Automation Market Size, by Offering, 2021–2030 (USD Million)
Table 98 Middle East & Africa: Electronic Design Automation Solutions Market Size, by Type, 2021–2030 (USD Million)
Table 99 Middle East & Africa: Electronic Design Automation Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 100 Middle East & Africa: Electronic Design Automation Market Size, by Tool Type, 2021–2030 (USD Million)
Table 101 Recent Developments by Major Players during 2020–2022
List of Figures
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdowns of Primary Interviews (Supply Side & Demand Side)
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Key Insights
Figure 7 Global Electronic Design Automation Market Size, by Offering, 2023 Vs. 2030 (USD Million)
Figure 8 Global Electronic Design Automation Market Size, by Deployment Mode, 2023 Vs. 2030 (USD Million)
Figure 9 Global Electronic Design Automation Market Size, by Tool Type, 2023 Vs. 2030 (USD Million)
Figure 10 Geographic Snapshot: Electronic Design Automation Market
Figure 11 Global Electronic Design Automation Market Size, by Offering, 2023–2030 (USD Million)
Figure 12 Global Electronic Design Automation Market Size, by Deployment Mode, 2023–2030 (USD Million)
Figure 13 Global Electronic Design Automation Market Size, by Tool Type, 2023–2030 (USD Million)
Figure 14 Global Electronic Design Automation Market Size, by Country/Region, 2023–2030 (USD Million)
Figure 15 North America: Electronic Design Automation Market Snapshot
Figure 16 Europe: Electronic Design Automation Market Snapshot
Figure 17 Asia Pacific: Electronic Design Automation Market Snapshot
Figure 18 Growth Strategies Adopted by Leading Market Players (2020–2022)
Figure 19 Competitive Dashboard: Electronic Design Automation Market
Figure 20 Global Electronic Design Automation Market Share, by Key Players (2021)
Figure 21 General Electric Company (U.S.): Financial Overview
Figure 22 ANSYS, Inc.: Financial Overview
Figure 23 Synopsys, Inc.: Financial Overview
Figure 24 Siemens AG: Financial Overview
Figure 25 Cadence Design Systems, Inc.: Financial Overview
Figure 26 Keysight Technologies, Inc.: Financial Overview
Figure 27 Advanced Micro Devices, Inc. Financial Overview
Figure 28 Arrow Electronics, Inc.: Financial Overview
Figure 29 Altium Limited: Financial Overview
Figure 30 Altair Engineering Inc.: Financial Overview
Figure 31 Autodesk, Inc.: Financial Overview
Figure 32 Zuken: Financial Overview
Figure 33 EnSilica: Financial Overview
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