Description of the Report
The worldwide electronic design automation (EDA) market was $10.20 billion in 2019 and is predicted to reach $20.89 billion in 2027. This is expected to grow by an annual rate of 9.6 percent from 2020 to 2027. EDA software assists designers in creating a variety of electronic systems designs that include integrated circuits (ICs) as well as printed circuit boards (PCBs) and MCMs (multi-chip modules). (MCMs). The EDA software allows designers to study, analyze, and test the designs before implementation. The electronic design automation software market is closely linked with the semiconductors industry. EDA software is mostly used in automotive, electronic communications, aerospace & medical, defense, and various other sectors.
The increase in the use of FinFET architecture to design modern processors, the increase in the use of SoC technology, and the increase in the use of IoT, AI, and VR are the main elements that drive the growth of the electronic design automation market. However, the availability of free EDA software is likely to hinder the EDA market’s expansion. In contrast, the increase in the demand for smaller electronic devices and the increase in demand for machine-learning within EDA could offer huge opportunities for the market for electronic design automation software development soon.
Based on the kind of integrated circuit, the (IC) physical design and verification market are predicted to grow significantly within the market overall for electronic design automation over the forecast time. This is due to the growing complexity of IC designs and the increasing demand for high precision and accuracy of semiconductor devices. Additionally, customers are increasingly using IC designs and EDA tools that automatically manage the routing and placement of circuits within an IC or an application-specific integrated circuit (ASIC).
According to the application data, the consumer electronics segment was the largest electronic market for design automation software globally in 2019. This is due to the constant improvements in the electronic devices used by consumers, such as laptops, smartphones, tablets, desktops, cameras, and others. The EDA software is also expected to fulfill the demand for models, methods, and tools that allow rapid and accurate development and verification of electronic circuits and systems that are driving the development of this industry.
In 2019, North America accounted for the largest automated electronic design market share due to the region’s high expenditure on electronic devices. Furthermore, the large presence of market leaders across North America also propels the market expansion in this area. Additionally, as per the World Semiconductor Trade Statistics, semiconductor sales in the Americas reached 7.49 billion dollars in December 2019. 7.49 billion by the end of. In addition, the increasing demand from different industries, like communications, automotive, and medical, as well as other industries located in North America, acts as the most important driving factor for North America’s North America electronic design automation software market.
The impact of COVID-19 Electronic Design Automation Software Market:
The appearance of COVID-19 is anticipated to significantly influence the growth of the electronics design automation market for software. The expenditure on the industry of electronic design automation is likely to decrease as compared to the amount of spending that was anticipated before the outbreak due to a variety of reasons, including a decline in the revenues of the semiconductor industry in 2020 as well as the slowdown in manufacturing and the shortage of supplies of raw materials. The COVID-19 virus has forced the closure of factories in many locations. But, several semiconductor companies have asked government officials to classify the semiconductor industry under the essential category to enable the continued operation to meet customer demands and normalize the supply chain.
The report concentrates on the potential for growth, the restraints, and global electronic design automation market trends. The report also comprises Porter’s Five Forces analysis for the market to analyze the effect of various elements, including the bargaining capacity of suppliers, the competitive intensity of competitors, the threat of new competitors and the threat of substitutes, and the bargaining power of buyers in the expansion of the electronic market for design automation software.
The electronic design automation market is divided into types, types, and regions. In terms of type, it’s classified into Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP), and other services. Based on its application type, it’s classified into consumer electronics, communication Aerospace, automotive, industrial and defense, medical and other. It is examined regionally over North America, Europe, Asia-Pacific, and LAMEA.
The major electronic design automation market analysis players are ANSYS, Inc., Altair, Altium LLC, Aldec, Inc., Autodesk, Cadence Design Systems, Inc., Keysight Technologies, and Mentor (a Siemens Business), Silvaco Inc., and Synopsys.
Top factors that impact
Increase in the adoption of FinFET architecture
FinFET can be described as the best exciting device technology extending Moores law to 5 nm. FinFET provides excellent solutions to the issue of leakage below the threshold and poor electrostatic behavior for short channels, and device parameter fluctuation that plagued the planar CMOS when it was decreased to 20 nanometers. FinFET is a much more complicated device to analyze. It is precise FinFET extracting parasites is much more difficult. Designing with FinFET increases your design windows. EDA software for the development of processes, spices design implementation, and IP are beneficial for FinFET architecture. EDA solution can help solve new issues like double-patterning as well as 3D transistors that were introduced by planar 20nm and 16/14nm, and below FinFET manufacturing standards using 3D-IC integration. It also allows Early RTL design exploration and blocks feasibility analysis as well as the physical direction from synthesis through place and route, and in-design verification using automatic recognition and repairs of complicated design rules, tightly coupled extraction, and signoff capabilities using implementation tools that can recover leakage by analyzing signoffs and other signoffs. So, all the benefits of EDA software designed for FinFET architecture are expected to propel the market for electronic design automation software.
Advancements in the System on Chip (SoC)
The system-on-a-chip (SOC) model comprises an integrated circuit that houses the processor, memory, and logic all on one chip. The advancements with System on Chip (SoC) are also driving the semiconductor IP market’s development. The complexity of programmable parts requires new design methods. Product designers need to evaluate the design requirements in a shorter period and develop tools to meet the requirements of modern architecture. While processor modeling and SoCs have been used for a long time, new designs are now being developed to overcome limitations, including slower simulation speed, a lack of validation support issues with synthesis, and the limited capabilities of architecture modeling. The most common approach is to increase the degree of abstraction required to describe the architecture of processors. Several industries demand software tools such as Architecture-Description-Languages (ADL), rule-based approach, extensible architecture, and Model-Driven-Architecture (MDA). Market vendors are offering novel design strategies due to the increasing demands for modeling, which is an opportunity for the growth of electronic design automation.
Electronic Design Automation Software Market Report Scope and Segmentation
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Asia-Pacific is expected to show the most impressive CAGR of 11.6 percent from 2020 to 2027.
Benefits for all stakeholders
- This research provides a quantitative analysis of the software for electronic design automation market forecast and trends to find the investment pockets that are likely to be short.
- The report provides information related to the software’s major drivers, limitations, and opportunities for the electronic design automation Industry.
- The software for electronic design automation market size is evaluated quantitatively between 2019 and 2027 to determine the financial strength in the marketplace.
- Porter’s Five Forces analysis demonstrates the power of buyers and sellers in the electronics market for design automation software.
Market Segments Key Market Segments
- On Application
- Consumer Electronics
- Aerospace & Defense
- By Type
- Computer-aided Engineering (CAE)
- IC Physical Design and Verification
- The printed Circuit Board and Multi-chip Module (PCB and MCM)
- Semiconductor Intellectual Property (SIP)
- By Region
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
- North America
- On Application
Principal Market Participants
- ALDEN INC
- ALTAIR ENGINEERING INC.
- ALTIUM LLC.
- AnSYS INC.
- AUTODESK INC.
- CADENCE DESIGN SYSTEMS INC
- KeySight TECHNOLOGIES.
- SILVACO INC.
- SYNOPSYS INC.