Electronic Design Automation Market Anticipated To Witness Significant Growth By 2024

Electronic Design Automation Market to grow at
6.5% CAGR till 2024: Global Market Insights Inc.
Electronic Design Automation Market driven by Increasing Internet of Things
demand in the world to surpass USD 14 billion by 2024 and will witness 6.5% CAGR
during the forecast timespan.
The trend of miniaturization of semiconductors has allowed manufacturers to utilize
electronic components in applications such as surgical devices and smart fitness products.
Development of such devices is generating a high demand for the EDA market. The rising
awareness and acceptance of smart fitness devices are encouraging electronic design
companies to invest in the innovative design tools for developing enhanced products.
Manufacturers are investing massively to develop several new miniaturized products to
enhance the customer experience. Researchers are focusing on developing cost-effective
and reliable products with the use of electronic design tools.
Electronic Design Automation Market
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The U.S. has witnessed a technological boom and emergence of several small- and largescale
fabless companies. Factors, such as high demand for consumer electronics devices,
favorable government policies, the rise in government funding in technology projects, and
robust economic conditions of several countries will drive the EDA market growth. Increasing
demand to differentiate products is encouraging OEMs to incorporate new technologies and
provide products with large displays with better resolution, storage capacity, and high
processing speed. These cutting-edge functionalities will increase the complexity of mobile
System on Chips (SoCs). Following this, SoC designers are using semiconductor IP cores
from third-party service providers to decrease the risk of design integration in the devices,
contributing to the semiconductor IP EDA market growth.
Browse key industry insights spread across 250 pages with 120 market data tables & 89
figures & charts from the report, “(EDA) Electronic Design Automation Market” in detail
along with the table of contents: http://bit.ly/2o8OFnj
The North America EDA market will witness a high growth over the forecast timeframe owing
to large-scale technological advancements. The region is a leading adopter and developer of
new technologies such as 5G technology for smartphone users. In addition, presence of a
developed broadband & wireless infrastructure and government support for the development
of IoT-based technologies are driving smart consumer electronics industry thereby providing
an impetus to the EDA market growth. Fast broadband services and the development of
these infrastructures in remote and underserved locations are aiding the development of the
IoT and smart electronics market in the region. Moreover, the Federal Communications
Commission (FCC) is further aiding in promoting 5G technologies. In April 2017, FCC raised
USD 19.80 billion to set up and promote these services across the country.
The EDA market consists of serval application sectors and consists of vendors, who are
providing software tools, dedicated design services, and IP. The industry is presently
dominated by many small and large vendors. Several major SIP companies are looking at
the prospects to acquire other IP companies to expand their market share. The growth
potential of the EDA market is anticipated to attract numerous new vendors trying to gain
entry into the market. These new players are focusing on the distinct segments of IC design
IP, which will help them gain a considerable market share.
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UK Electronic Design Automation (EDA) Market, by application, 2017 & 2024 (USD
Million)
Companies in the EDA market include Solido Design Automation, Mentor Graphics, Silvaco
International, National Instruments, Sigasi, Pulsonix, Keysight Technologies, JEDA
Technologies, Invionics, Intercept Technology, Inc., CadSoft Computer, Cadence Design
Systems, Zuken, Inc. Xilinx, Inc., and Synopsys, Inc., among others. Companies in the EDA
market are looking to spread their business and presence to developing countries and are
implementing strategies such as Mergers and Acquisitions (M&A). Several vendors are
acquiring smaller software or technology-based companies to enhance their core business.
Vendors are facing intense rivalry and to face that, they are required to invest immensely in
R&D activities to withstand the EDA market growth.
EDA market research report includes in-depth coverage of the industry with estimates &
forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
EDA Market, By Product
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Computer Aided Engineering (CAE)
IC Physical Design & Verification
Printed Circuit Board and Multi-Chip Module
Semiconductor Intellectual Property (SIP)
Services
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EDA Market, By Application
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Aerospace & Defense
Automotive
Consumer Electronics
Industrial
Medical
Telecommunications
Others
The above information is provided on a regional and country basis for the following:
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North America
o U.S.
o Canada
Europe
o UK
o Germany
o France
o Italy
o Russia
Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
Latin America
o Brazil
o Mexico
Middle East & Africa (MEA)
o GCC
South Africa
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Industry Coverage
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
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reports along with growth consulting services. Our business intelligence and industry
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