Electronic Design Automation (EDA) Tools Market Overview
Electronic design automation, or EDA, is a broad category of software algorithms used to create complicated next-generation electronics devices and systems.
The key advantage of using EDA is that it allows for the modeling of system performance as well as the estimation of power requirements for the design of specific chips. This also aids ASIC (application-specific integrated circuit) logic designers in dealing with high-complexity circuits while lowering manufacturing faults. EDA also helps the layout designer in placing millions of transistors throughout the IC while concurrently checking physical and electrical design standards for these transistors. Furthermore, EDA tools assist chip manufacturers in designing more sophisticated semiconductors at a lesser cost and in a shorter amount of time. All of these factors have a beneficial impact on the EDA tools market, which is predicted to grow even more as the aerospace and defence industry expands.
However, there are a few factors that pose challenges to this market and act as limitations. One of the factors posing hurdles to market growth is the increasing complexity of VLSI structures and the high non-recurring engineering expenses associated with this design.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Type, End Use Industries, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Synopsys, Cadence Design Systems, Siemens PLM Software, Aldec, Keysight Technologies and Agnisys among others. |
Covid-19 Impact on Electronic Design Automation (EDA) Tools Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Electronic Design Automation (EDA) Tools Market Segment Overview
By Product Type, PCB (Printed Circuit Board) is one of the most important segments in the global Electronic Design Automation (EDA) Tools Market. IC (Integrated Circuit) is another main segment in the market. Additionally, the growing need for high-quality complex circuits and chips is predicted to present this market with several potential prospects in the future years.
Electronic Design Automation (EDA) Tools Market, By Product Type
· PCB (Printed Circuit Board)
· IC (Integrated Circuit)
· multi-chip module
· SoC (System on Chip)
· Others
Electronic Design Automation (EDA) Tools Market, By End Use Industries
· Aerospace & Defense
· Healthcare
· Manufacturing and Automotive
· Others
Electronic Design Automation (EDA) Tools Market Regional Overview
In terms of region, North America is the most important region, followed by Europe, in terms of increasing market need for EDA tools. The rise in automation across many industries, as well as the expansion of the aerospace sector, have been two important reasons driving the market's overall growth. Moreover, Asia Pacific is another important region, with one of the fastest-growing markets in the world. China and India have been two of the most important contributors to the growth. As a manufacturing hub for semiconductor companies and integrated circuit manufacturers, Asia Pacific has had a significant impact on the market's overall growth.
Electronic Design Automation (EDA) Tools Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Electronic Design Automation (EDA) Tools Market Competitor overview
Some key developments and strategies adopted by manufacturers in Electronic Design Automation (EDA) Tools are highlighted below.
· In February 2022, Ansys announced its inaugural partnership to IFS Accelerator – EDA Alliance to provide best-in-class EDA tools and simulation solutions that will support customer innovation, including bespoke silicon for customizable three-dimensional integrated circuit (3D-IC) designs.
Electronic Design Automation (EDA) Tools Market, Key Players
· Synopsys
· Cadence Design Systems
· Siemens PLM Software
· Aldec
· Keysight Technologies
· Agnisys
Q1. What are the driving factors for the global Electronic Design Automation (EDA) Tools market?
EDA tools assist chip manufacturers in designing more sophisticated semiconductors at a lesser cost and in a shorter amount of time. This key reason driving the growth of the Electronic Design Automation (EDA) Tools market
Q2. What are the restraining factors for the global Electronic Design Automation (EDA) Tools market?
One of the factors posing hurdles to market growth is the increasing complexity of VLSI structures and the high non-recurring engineering expenses associated with this design
Q3. Which segment is projected to hold the largest share in the global Electronic Design Automation (EDA) Tools market?
PCB (Printed Circuit Board) segment is projected to hold the largest share in the global Electronic Design Automation (EDA) Tools market
Q4. Which region holds the largest share in the global Electronic Design Automation (EDA) Tools market? Answer- North America holds the largest share in the global Electronic Design Automation (EDA) Tools market.?
North America holds the largest share in the global Electronic Design Automation (EDA) Tools market.
Q5. Which are the prominent players in the global Electronic Design Automation (EDA) Tools market?
Synopsys, Cadence Design Systems, Siemens PLM Software, Aldec, Keysight Technologies, and Agnisys among others. are some key players in the global Electronic Design Automation (EDA) Tools market.
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In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
