Electronic Design Automation Software Market Size Share, Growth Report 2032

Electronic Design Automation Software Market Insights

According to a report from Zion Market Research, the global Electronic Design Automation Software Market was valued at USD 5.14 Billion in 2023 and is projected to hit USD 16.19 Billion by 2032, with a compound annual growth rate (CAGR) of 13.6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Electronic Design Automation Software Market industry over the next decade.

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Electronic Design Automation Software Market: Overview

Electronic design automation software assist designers at many creation levels of designs for electronic tools such as multi-chip modules, integrated circuits, and printed circuit boards. The software helps designer in analyzing, monitoring, and simulating designs before practical execution. In addition to this, EDA software helps semiconductor producing firms in scaling back chip production time, thereby enhancing design accuracy.  

Electronic Design Automation Software Market: Growth Drivers

The capability of EDA software for reducing cost & time as well as annihilating man-made errors related to designing of electric circuit will create lucrative growth avenues for electronic design automation software industry in the upcoming years. Inclusion of machine learning         tools for reducing designing charges by allowing the tools for suggesting apt solutions for resolving designing issues will promulgate expansion of electronic design automation software industry over forecast timespan. Rise in design complexity and surging production complicatedness in semiconductor sector will steer market growth over the years to come.

Furthermore, thriving consumer electronics sector due to high demand for advanced electronics parts will drive electronic design automation software market size over forecast period. Apart from this, escalating popularity of smart equipment will help IC producers in utilizing electronic design automation software, thereby driving market trends.

Electronic Design Automation Software Market: Report Scope

Regional Landscape

North American Market To Attain Optimum Growth By 2028

The growth of electronic design automation software market in North America over forecast period is due to massive acceptance of new techniques including 5G and AI in the sub-continent. In addition to this, large-scale adoption of connected things in countries such as the U.S. will proliferate regional market size. Apart from this, presence of strong wireless infrastructure facility along with favorable government support for use of IoT-driven techniques will steer smart electronics industry surge, thereby fostering growth of electronic design automation software market.

Competitive Landscape

Key participants profiled in the study include:

• Altium LLC
• Cadence Design Systems, Inc.
• ANSYS, Inc.
• Synopsys, Inc.
• Silvaco, Inc.
• Vennsa Technologies

The global Electronic Design Automation Software Market is segmented as follows:

By Product Category

• CAE
• PCB & MCM
• IC Physical Design & Verification
• Semiconductor IP

By Application

• Communication
• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Defense & Aerospace

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa