Global Electronic Design Automation Market – Industry Trends and Forecast to 2030

The Electronic Design Automation market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 9.8%. Electronic Design Automation Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (On-Cloud, On-Premises), by applications (Automotive Industry, Healthcare Industry, Aerospace & Défense Industry, Telecom and Data Centre Industry, Consumer Electronics Industry, Industrial Sector) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

The EDA sector deals with software tools and services applied in the design of electronic systems, including ICs and PCBs. The tools assist the engineer in quickly and effectively coming up with complex electronic designs. They can be put into use in simulating, verifying, laying out, and manufacturing such circuits as electronic circuits. The EDA market is somewhere in the order of magnitude of billions of dollars and has been aggressively growing, more recently accelerated by the demand from digitalization for increasingly complex electronic devices. Some of the drivers that will enhance EDA market growth over the next few years include:

Electronic Design Automation Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 9.8%
By Product Type	On-Cloud, On-Premises
Key Market Players	Aldec Inc. Altair Auto Desk Inc. Cadence Design Systems HAMMERSPACE Keysight Technologies Inc. Nipon Data Other Prominent Players Siemens Silvaco Inc. Synopsys Inc. Vennsa Technologies Xilinx Inc. Zuken Inc.
By Region	North America(United States.Canada.Mexico) South America(Brazil.Argentina.Chile.Rest of South America) Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe) Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific) MEA(Middle East.Africa)

Electronic Design Automation Market Trends

•Growth: The CAGR of the EDA market is around 8-10%, with an extrapolated significant increase in the next few years. This growth is fed by factors such as the increase in demand for complex electronics and emerging technologies. •Asia Pacific Market Dominance: The Asia Pacific region is likely to retain its leadership position in the EDA solutions market, as demand is created for the designing of complex electronic systems in segments like automotive (autonomous vehicles) and consumer electronics.

Electronic Design Automation Market Leading Players

The key players profiled in the report are Aldec Inc., Altair, Auto Desk Inc., Cadence Design Systems, HAMMERSPACE, Keysight Technologies Inc., Nipon Data, Other Prominent Players, Siemens, Silvaco Inc., Synopsys Inc., Vennsa Technologies, Xilinx Inc., Zuken Inc.

Growth Accelerators

Growing complexity of electronic devices • Increased use of artificial intelligence and machine learning in EDA tools • Growth of the Internet of Things and 5G technology • An increase in the demand for consumer electronics

Electronic Design Automation Market Segmentation analysis

The Global Electronic Design Automation is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed On-Cloud, On-Premises . The Application segment categorizes the market based on its usage such as Automotive Industry, Healthcare Industry, Aerospace & Défense Industry, Telecom and Data Centre Industry, Consumer Electronics Industry, Industrial Sector. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Challenges In Electronic Design Automation Market

•Ever-changing technology: The never-stopping pace of technological advancement, particularly areas like chip miniaturisation below 10 nm and new materials, demands EDA tools to be constantly evolving. The EDA vendors need to develop new design methodologies for these complexities. •Time-to-market pressure: The electronics industry is driving down a shortening cycle for the development of products. Because of this, EDA tools have to be optimised to increase design iterations, verification, and simulation in order to fit into these deadlines. •Skilled labour in short supply: The industry requires highly qualified engineers for the design of complex electronics and efficient execution of advanced EDA tools. Hence, a lack of such talent can constrain the growth of the market.