Segments - Global Electronic Design Automation (EDA) Tools Market by Types (Computer-aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) and Multi-chip Module (MCM), Semiconductor IP), and Services, Deployment Modes (On-premises, and Cloud-based), Applications (Microprocessors & Microcontrollers, Memory Management Units, and Others [Interfaces, FPGAs, ADCs, DACs, and Mixed ICs], End-users (Automotive, Healthcare, Aerospace & Defence, Telecom & Data Centers, Consumer Electronics, Industrial Sectors, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
The global electronic design automation (EDA) tools market size was USD 15.07 Billion in 2022 and is likely to reach USD 31.30 Billion by 2031, expanding at a CAGR of 8.46% during 2023–2031. Expansion of the semiconductor industry, increasing demand for semiconductor products or services by the automotive sector, rising demand for miniaturized devices, and growing trend of EDA tools equipped with machine learning are boosting the market globally.
Electronic design automation (EDA), also referred as electronic computer-aided design (ECAD), consists of hardware, software, and service, which is assisting in planning, designing, verification, implementation, and subsequent manufacturing of semiconductor devices or chips. EDA refers to the tools that are used to design and verify printed circuit boards, integrated circuits, and electronic systems. EDA tools help in minimizing designing complex ICs, reducing manufacturing costs and manufacturing errors, optimizing the IC design simplicity of usage.
Growing health awareness and rising popularity of medical tourism are boosting the market.
Increasing demand for complex integrated circuits and growing adoption of connected devices such as smartphones, smart home, and wearables in daily use is fueling the market.
Rising demand for consumer electronics and teleconferencing instruments is propelling the market.
Developments in technology, including change in the size of node leads, are hampering the market.
High cost associated with the manufacturing of semiconductor devices due to their complex properties is hindering the EDA tools market.
Growing adoption of cloud-based services, internet of things (IoT), artificial intelligence (AI), and increasing demand for electronic design automation solution are creating opportunities in the market.
The report on the global electronic design automation (EDA) tools market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Electronic Design Automation (EDA) Tools Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 & 2021 |
Forecast Period |
2023–2031 |
Segmentation |
Types (Computer-aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) and Multi-chip Module (MCM), Semiconductor IP), and Services, Deployment Modes (On-premises, and Cloud-based), Applications (Microprocessors & Microcontrollers, Memory Management Units, and Others [Interfaces, FPGAs, ADCs, DACs, and Mixed ICs], End-users (Automotive, Healthcare, Aerospace & Defence, Telecom & Data Centers, Consumer Electronics, Industrial Sectors, and Others) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report |
Aldec, Inc, Altium Limited, Cadence Design Systems, Inc, eInfochips, EnSilica, Keysight Technologies, Labcenter Electronics, Siemens, Synopsys, Inc, Ucamco, Xilinx, and Zuken |
In terms of types, the global electronic design automation (EDA) tools market is segmented into computer-aided engineering (CAE), IC physical design & verification, printed circuit board (PCB), and multi-chip module (MCM), semiconductor IP, and services. The IC physical design & verification segment is expected to hold a significant share of the market during the forecast period, attributed to constantly rising complexities in verification and manufacturing of semiconductors requirements. The IC physical design & verification help the companies to provide cutting-edge, competitive products on time with reliable results to the customer, which is expected to help the segment expand at a significant CAGR during the forecast period.
On the basis of deployment modes, the market is bifurcated into on-premises and cloud-based. The cloud-based segment is expected to hold a significant share of the market during the forecast period due to benefits provided by cloud-based services. The cloud-based design and verification provide excellent outcome in high-speed operational processes by reducing manufacturing costs, while manufacturing semiconductor chips. Cloud-based design allows companies speed up innovation by reducing processing time. A cloud-based design mode helps in maintaining or lowering operational costs by reducing processing time. These factors are anticipated to propel the segment during the forecast period.
In terms of applications, the electronic design automation (EDA) tools market is segregated into microprocessors & microcontrollers, memory management units, and others. The others segment is sub-segmented into interfaces, FPGAs, ADCs, DACs, and mixed ICs. The memory management units segment is expected to hold a significant share of the market during the forecast period, associated with growing digitization, which enhances the need for a faster processor and efficient memory management tools. Moreover, many companies are using organic and inorganic strategies to support the growth of the memory management units segment during the forecast period.
Based on end-users, the market is classified as automotive, healthcare, aerospace & defense, telecom & data centers, consumer electronics, industrial sectors, and others. The others segment is split into banking, financial, & insurance (BFSI), commercial sectors, and the textile industry. The consumer electronics segment is expected to hold a significant share of the market during the forecast period, due to the growing technological advancements in consumer electronics such as earphones, headphones, television, and smartphones. Moreover, increasing disposable income increases the consumers spending capacity in various electronic devices such as high demand for large-size television sets by consumers.
In terms of regions, the global electronic design automation (EDA) tools market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to the presence of major semiconductor manufacturing companies such as Samsung Electronics, Semiconductor Manufacturing International Corporation, and HiSilicon in countries such as China, Japan, Taiwan, and South Korea. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to a strong foothold in the semiconductor industry by China, Japan, Taiwan, and South Korea. Additionally, growing investments and funding by governments and private organizations in the semiconductor industry, fuels the market in the region.
Key players in the global electronic design automation (EDA) tools market include Aldec, Inc, Altium Limited, Cadence Design Systems, Inc, eInfochips, EnSilica, Keysight Technologies, Labcenter Electronics, Siemens, Synopsys, Inc, Ucamco, Xilinx, and Zuken. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.