Electronic Design Automation Market to witness 6% growth to 2024
SELLBYVILLE, Del., July 9, 2018 /PRNewswire-iReach/ -- According to a latest research report by Global Market Insights, Inc. " Electronic Design Automation Market revenue is predicted to be valued USD 14 billion by 2024." Growing demand for EDA tools to design and manufacture electronic products and systems, such as deep learning, Internet of Things (IoT), virtual reality, augmented reality, and autonomous vehicle systems, will positively impact the electronic design automation market growth.
Early adoption of the technology and rise in Research and Development (R&D) activities by the companies in the U.S. has proven beneficial to the industrial sector in the country. The proliferation of technologies, such as smart grids, IoT, smart metering, augmented reality, and drone technology in the industrial sector, is encouraging companies to implement these tools.
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Semiconductors are being commonly used in the consumer electronic devices such as PCs, smartwatches, smartphones, and tablets, and other smart products and can communicate with other components through a burgeoning network connected by the IoT. These components are the fundamental enabling technology of modern electronics and require microcontrollers, sensors, and memory to connect to each other and perform their functions. The infrastructure to connect all these devices is correlated to the continued innovations in the semiconductor technology. Owing to the rise in the adoption of smartphones and tablets over the last few years, the industry has witnessed an increase in touchscreens, proximity sensors, accelerometers, and camera modules. Designing these devices necessitates electronic tools, generating a high demand for the electronic design automation market growth.
The Semiconductor Intellectual Property (SIP) market accounted for over 30% of the electronic design automation market share in 2016 and is anticipated to grow at a high CAGR from 2017 to 2024. Growing applications of the SIP are witnessed majorly in the consumer electronics industry owing to the rise in the adoption of mobile devices such as tablets and smartphones. The development of smart devices involves an extensive R&D that has increased the complexity of chip design, leading to a high adoption of a new IP block or cores as mobile manufacturers are majorly focusing on providing enhanced performance to end users with limited chip sizes.
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The development of smart electronic systems that cater to smart homes and connected devices is the key driver of the electronic design automation market in North America. Several component manufacturers are adopting technologically-advanced methods to reduce the design and manufacturing time of the electronic components. Early adoption and high penetration of technology are helping the EDA market in the region grow. In addition, the rise in investments from the government entities has led to a rise in the healthcare expenditure to enhance the healthcare infrastructure. Growing focus on the patient safety, intensifying government legislation, and technological revolution have augmented the usage of electronic designing tools, boosting the electronic design automation market growth in the region.
Key players in the electronic design automation (EDA) market include Synopsys, Inc., Cadence Design Systems, Mentor Graphics, Zuken, Inc., CadSoft Computer, Solido Design Automation, National Instruments, Xilinx, Inc., JEDA Technologies, Pulsonix, Intercept Technology, Inc., Invionics, and Keysight Technologies, among others. The EDA market is characterized by moderate to high entry barriers, making it difficult for new players to gain a foothold in the industry. The industry comprises many players with a few prominent brands. The demand for consumer electronics and electric vehicles is anticipated to drive the electronic design automation market growth.
Buy this industry insights spread across 250 pages with 120 market data tables & 89 figures & charts from the report, "Electronic Design Automation (EDA) Market Size By Product (Computer Aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) & Multi-Chip Module (MCM), Semiconductor Intellectual Property (SIP), Services), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Industrial, Medical, Telecommunications), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, GCC, And South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
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Chapter 4. Electronic Design Automation (EDA) Market, By Product
4.1. Electronic Design Automation (EDA) Market share by product, 2016 & 2024
4.2. Computer Aided Engineering (CAE)
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. IC physical design & verification
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Printed Circuit Board (PCB) and Multi-Chip Module (MCM)
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Semiconductor Intellectual Property (SIP)
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Services
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/electronic-design-automation-eda-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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