Dublin, May 08, 2023 (GLOBE NEWSWIRE) -- The "Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global electronic design automation market is expected to reach $17.47 billion by 2030, at a CAGR of 10.7% during the forecast period of 2023-2030.
The growth of this market is attributed to the growing need to reduce the complexity of integrated circuit designing, the increasing adoption of connected devices, and the rising demand for EDA solutions in the aerospace & defense sector.
In addition, the growing adoption of cloud technologies across SMEs and the increasing integration of machine learning technology is expected to offer significant growth opportunities for the growth of this market. However, constant technological changes are a challenge for market growth.
Based on offering, the market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the overall electronic design automation market. The large market share of this segment is attributed to the growing demand for complex integrated circuits and the increasing adoption of connected devices. However, the services segment is slated to register the highest CAGR during the forecast period.
Based on deployment mode, the market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the global electronic design automation market.
The large market share of this segment is attributed to the rising adoption of connected devices, the increasing demand for complex integrated circuits, and technological advancement in consumer electronics. Furthermore, this segment is slated to register the highest CAGR during the forecast period.
Based on tool type, the global electronic design automation market is segmented into design tools, verification tools, and simulation tools. In 2023, the design tools segment is expected to account for the largest share of the global electronic design automation market. The large market share of this segment is attributed to the rise of very large-scale integration (VLSI) systems and the increasing complexity of ICs and PCBs. This segment is also slated to register the highest CAGR during the forecast period.
Geographic Review:
In 2023, Asia-Pacific is expected to account for the largest share of the global electronic design automation market. The growth of this region is attributed to the rising number of electronic manufacturing companies and increased demand for consumer devices. As a result, the demand for electronic design automation solutions in the region is expected to expand.
Key questions answered in the report:
- Which are the high growth market segments in terms of offering, deployment mode, tool type, and countries?
- What is the historical market for electronic design automation across the globe?
- What are the market forecasts and estimates from 2023-2030?
- What are the major drivers, restraints, and opportunities in the global electronic design automation market?
- Who are the major players in the global electronic design automation market, and what shares of the market do they hold?
- Who are the major players in various countries, and what shares of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global electronic design automation market?
- What are the different strategies adopted by the major players in the global electronic design automation market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the global electronic design automation market and how do they compete with the other players?
Market Dynamics
Drivers
- Growing Need to Reduce the Complexity of Integrated Circuit Designing
- Increasing Adoption of Connected Devices
- Rising Demand for EDA Solutions in the Aerospace & Defense Sector
Restraints
- Availability of Open-source EDA Software
Opportunities
- Growing Adoption of Cloud Technologies Across SMEs
- Increasing Integration of Machine Learning Technology
Challenges
- Constant Technological Changes
Trends
- Emergence of Domain-specific Electronic Product Designs
- Growing Adoption of AI & ML Technologies
Companies Mentioned
- Cadence Design Systems Inc.
- Synopsys Inc.
- Siemens AG
- ANSYS Inc.
- Keysight Technologies Inc.
- Xilinx Inc.
- eInfochips
- Altium Limited
- Zuken
- Silvaco Inc.
- Altair Engineering Inc.
- Autodesk Inc.
- EnSilica
- EMWorks Inc.Aldec Inc.
Scope of the Report:
Market by Offering
- Solutions
- Computer-aided Engineering
- IC Physical Design & Verification
- PCB & MCM Design
- Semiconductor IP Design
- Services
Market by Deployment Mode
- On-premise deployment
- Cloud-based deployment
Market by Tool Type
- Design Tools
- Verification Tools
- Simulation Tools
Market by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Taiwan
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/lazm91
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