Global Electronic Design Automation (EDA) Tools Market Opportunities and Forecast 2023-2030

Electronic Design Automation (EDA) Tools Market Overview

Electronic design automation, or EDA, is a broad category of software algorithms used to create complicated next-generation electronics devices and systems.
 
The key advantage of using EDA is that it allows for the modeling of system performance as well as the estimation of power requirements for the design of specific chips. This also aids ASIC (application-specific integrated circuit) logic designers in dealing with high-complexity circuits while lowering manufacturing faults. EDA also helps the layout designer in placing millions of transistors throughout the IC while concurrently checking physical and electrical design standards for these transistors. Furthermore, EDA tools assist chip manufacturers in designing more sophisticated semiconductors at a lesser cost and in a shorter amount of time. All of these factors have a beneficial impact on the EDA tools market, which is predicted to grow even more as the aerospace and defence industry expands.
 
However, there are a few factors that pose challenges to this market and act as limitations. One of the factors posing hurdles to market growth is the increasing complexity of VLSI structures and the high non-recurring engineering expenses associated with this design.

Covid-19 Impact on Electronic Design Automation (EDA) Tools Market
 
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
 
Electronic Design Automation (EDA) Tools Market Segment Overview



By Product Type, PCB (Printed Circuit Board) is one of the most important segments in the global Electronic Design Automation (EDA) Tools Market. IC (Integrated Circuit) is another main segment in the market. Additionally, the growing need for high-quality complex circuits and chips is predicted to present this market with several potential prospects in the future years.
 
Electronic Design Automation (EDA) Tools Market, By Product Type
·       PCB (Printed Circuit Board)
·       IC (Integrated Circuit)
·       multi-chip module
·       SoC (System on Chip) 
·       Others

Electronic Design Automation (EDA) Tools Market, By End Use Industries
·       Aerospace & Defense
·       Healthcare
·       Manufacturing and Automotive
·       Others

Electronic Design Automation (EDA) Tools Market Regional Overview

In terms of region, North America is the most important region, followed by Europe, in terms of increasing market need for EDA tools. The rise in automation across many industries, as well as the expansion of the aerospace sector, have been two important reasons driving the market's overall growth. Moreover, Asia Pacific is another important region, with one of the fastest-growing markets in the world. China and India have been two of the most important contributors to the growth. As a manufacturing hub for semiconductor companies and integrated circuit manufacturers, Asia Pacific has had a significant impact on the market's overall growth.
 
Electronic Design Automation (EDA) Tools Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Electronic Design Automation (EDA) Tools Market Competitor overview

Some key developments and strategies adopted by manufacturers in Electronic Design Automation (EDA) Tools are highlighted below.

·       In February 2022, Ansys announced its inaugural partnership to IFS Accelerator – EDA Alliance to provide best-in-class EDA tools and simulation solutions that will support customer innovation, including bespoke silicon for customizable three-dimensional integrated circuit (3D-IC) designs.
 
Electronic Design Automation (EDA) Tools Market, Key Players

·       Synopsys 
·       Cadence Design Systems
·       Siemens PLM Software
·       Aldec
·       Keysight Technologies
·       Agnisys

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the global Electronic Design Automation (EDA) Tools market?

Q2. What are the restraining factors for the global Electronic Design Automation (EDA) Tools market?

Q3. Which segment is projected to hold the largest share in the global Electronic Design Automation (EDA) Tools market?

Q4. Which region holds the largest share in the global Electronic Design Automation (EDA) Tools market? Answer- North America holds the largest share in the global Electronic Design Automation (EDA) Tools market.?

Q5. Which are the prominent players in the global Electronic Design Automation (EDA) Tools market?