Electronic design automation is a tool that is used to design and verify the electronic system, printed circuit board (PCB), and integrated circuits. The Electronic design automation industry is closely related to the semiconductor manufacturing industry.
Increasing demand for advanced electronic devices and the need to reduce their size while improving the performance of integrated circuits (ICs), are increasing the demand for an electronic design automation tool. The electronic design automation tools are widely used by chip manufacturers for developing electronic products as they benefit by cutting production costs and seamless design verification.
Many software companies are working on an electronic design automation tool for more features, and better performance. There is a growing demand from automotive integrated circuits customers as they push towards hybrid or electric vehicles with more enhanced connectivity features like advanced driver assistance system (ADAS), infotainment, etc. This convenience factor is increasing the demand for the electronic design automation market.
The COVID-19 pandemic continues to transform the growth of many industries. The worldwide semiconductor revenue is forecasted to decline by nearly 4%-5% in Q2 2020, due to the slowdown in production and shortage of raw material supply.
Also, as a result of geo-political issues amid the COVID-19 crisis, several semiconductor and electronics companies are now shifting their focus from China to India and other developing countries. Several semiconductor companies have asked government authorities to specify the semiconductor industry works as an essential business and allow continuity in operations to meet customer demand and normalize the industry supply chain.
The electronic design automation market is estimated to be moderately impacted by the COVID-19 crisis, and would return to steady growth by Q2-2021.
Electronic design automation tools are getting smarter with the integration of cutting edge technology and reducing the workload for design engineers. Cloud-based architecture is the next phase of development for modern electronic design automation workflow design.
When companies are taking advantage of cloud elasticity they can operate electronic design automation workflow at a lower cost, with 24x7 support. Electronic design automation tools utilizing cloud infrastructure is expected to boost market growth.
Internet of Things (IoT) is yet another megatrend that offers tremendous potential to electronics innovations. Electronic design automation companies that have a breath of technology in hardware, IP and software can help make IoT a reality by enabling system design companies to differentiate their offerings. Use of connected IoT devices in various enterprise landscapes will offer considerable opportunities for the electronic design automation market.
Some of the prominent players in the Electronic Design Automation (EDA) market are
By geography, the electronic design automation (EDA) market is segmented into North America, Latin America, Europe, East Asia, South Asia Pacific, and Middle East and Africa.
North America and East Asia have been the largest market for electronic design automation (EDA), due to technology advancements in complex electronics equipment. South Asia & Pacific market is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for consumer electronic devices.
The rising demand for new electronic products and technology innovations, is increasing the adoption of the electronic design automation market. The electronic design automation (EDA) market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with electronic design automation (EDA) market attractiveness as per segment. The electronic design automation (EDA) market report also maps the qualitative impact of various market factors on electronic design automation (EDA) market segments and geographies.
The Electronic Design Automation (EDA) market has been segmented on the basis of solution, industry and region.
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Electronic Design Automation (EDA) Market
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