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Global $16 Billion Electronic Design Automation Software Market to 2027
Dublin, July 09, 2021 (GLOBE NEWSWIRE) -- The "Global Electronic Design Automation Software Market By Application, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Electronic Design Automation Software Market size is expected to reach $16 billion by 2027, rising at a market growth of 7.8% CAGR during the forecast period.
The Electronic Design Automation (EDA) Software refers to a software algorithm. It allows the designing of complicated electronic systems like integrated circuits (ICs), printed circuit boards (PCBs), and others. This software helps the designer monitor, analyze, and simulate the designs prior to practical installation.
There are many tools present in the EDA function that work in tandem during a particular design flow determined by chip designers for analyzing and designing whole semiconductor chips. As modern semiconductor chips are made up of billions of components, and thus, these EDA tools have become one of the essential components in designing.
The major factor leading to the growth of the electronic design automation software market includes the increasing adoption of FinFET architecture in designing advanced processors. The surge in penetration of AI, IoT, and VR, and the rise in adoption of SoC technology are also contributing to the massive demand for this software.
However, the open-source EDA software availability is expected to hamper the EDA software market growth. The rising demand for smaller electronic devices as well as the increasing penetration of AI and machine learning in EDA is likely to provide profitable opportunities for market players of the electronic design automation software during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is anticipated to have a significant impact on the growth of the electronic design automation software market. The electronic design automation industry spending is likely to reduce if compared to the planned spending condition before this pandemic. It is due to multiple factors like dropping revenue in the semiconductor industry in 2020. The slow pace of production and lack of raw material supply have a negative impact on the market growth.
The pandemic has led to the shutdowns of many factories in several countries. However, many semiconductor organizations are demanding government authorities to include the semiconductor sector into the essential category. It will permit them to continue their operations that, in turn, ensure fulfilling the customer demand and stabilize the industry supply chain.
Application Outlook
Based on Application, the market is segmented into Consumer Electronics, Aerospace & Defense, Communication, Automotive, Industrial, Medical and Others. On the basis of application, the consumer electronics segment acquired the highest revenue share for the electronic design automation software market share in 2020.
This is due to constant advancements in consumer electronics like smartphones, tablets, laptops, desktops and cameras. The EDA software is also anticipated to meet the unmet requirement for models, methods, and tools.
End User Outlook
Based on End User, the market is segmented into Microprocessors & Controllers, Memory Management Unit (MMU) and Others. Apart from controllers and microprocessors, Memory Management Unit (MMU) and others segments also use EDA software. The MMU segment is expected to exhibit a considerable growth rate in the coming years.
An MMU is a computer hardware component which is responsible for memory management as it helps in managing all memory and cache operations of a processor. As the processing speed requirements are very high, the MMU is also likely to grow in the coming years and thus, supporting the market growth.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America acquired the highest revenue share of the market in 2020. It is likely to hold the dominant position during the forecast period.
The regional market growth is accredited to the early adoption of 5G technologies, AI, Internet of Things (IoT), and machine learning. In addition, the robust wireless infrastructure and increasing support of the government for the development of IoT-based technologies are the main driving factors in the regional market.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Siemens AG is the major forerunner in the Electronic Design Automation Software Market. Companies such as Altair Engineering, Inc., Synopsys, Inc., Altium Ltd., and ANSYS, Inc. are some of the key innovators in the market.
Key companies profiled in the report include
Altair Engineering, Inc.
ANSYS, Inc.
Autodesk, Inc.
Cadence Design Systems, Inc.
Keysight Technologies, Inc.
Siemens AG
Synopsys, Inc.
Silvaco, Inc.
Altium Ltd.
Aldec, Inc.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jun - 2021, Mar) Leading Players
Chapter 4. Global Electronic Design Automation Software Market by End User
4.1 Global Electronic Design Automation Software Microprocessors & Controllers Market by Region
4.2 Global Electronic Design Automation Software Memory Management Unit (MMU) Market by Region
4.3 Global Electronic Design Automation Software Others Market by Region
Chapter 5. Global Electronic Design Automation Software Market by Application
5.1 Global Consumer Electronics Electronic Design Automation Software Market
5.2 Global Aerospace & Defense Electronic Design Automation Software Market
5.3 Global Communication Electronic Design Automation Software Market
5.4 Global Automotive Electronic Design Automation Software Market
5.5 Global Industrial Electronic Design Automation Software Market
5.6 Global Medical Electronic Design Automation Software Market
5.7 Global Others Electronic Design Automation Software Market
Chapter 6. Global Electronic Design Automation Software Market by Region
Chapter 7. Company Profiles
Altair Engineering, Inc.
ANSYS, Inc.
Autodesk, Inc.
Cadence Design Systems, Inc.
Keysight Technologies, Inc.
Siemens AG
Synopsys, Inc.
Silvaco, Inc.
Altium Ltd.
Aldec, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/q9tff8
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