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Meticulous Research Forecasts Global Electronic Design Automation Market to Reach $17.47 Billion by 2030
According to a recent publication by Meticulous Research®, the global electronic design automation (EDA) market is projected to achieve a market value of $17.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 10.7% over the forecast period from 2023 to 2030. The market's expansion is primarily driven by the increasing complexity in integrated circuit (IC) design and the rising adoption of connected devices. Nonetheless, the proliferation of open-source EDA software presents a challenge to market growth. On the other hand, the growing adoption of cloud technologies among small and medium-sized enterprises (SMEs) offers promising growth opportunities for industry stakeholders. Continuous technological advancements, however, are expected to pose ongoing challenges.
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Market Segmentation and Analysis
The global EDA market is categorized based on offerings, deployment modes, and tool types. The comprehensive study also evaluates key industry competitors and conducts an in-depth country-level analysis.
By Offering:
Solutions: Expected to dominate in 2023, this segment's large market share is driven by the escalating demand for complex ICs and the widespread adoption of connected devices.
Services: Anticipated to exhibit the highest CAGR throughout the forecast period.
By Deployment Mode:
Cloud-based Deployment: Projected to hold the largest market share in 2023. The segment's dominance is attributed to the increasing use of connected devices, the growing need for sophisticated ICs, and advancements in consumer electronics. This segment is also expected to register the highest CAGR during the forecast period.
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On-premise Deployment
By Tool Type:
Design Tools: Expected to lead the market in 2023, driven by the growth of very large-scale integration (VLSI) systems and the rising complexity of ICs and printed circuit boards (PCBs). This segment is also projected to achieve the highest CAGR during the forecast period.
Verification Tools
Simulation Tools
By Geography:
Asia-Pacific: Predicted to capture the largest market share in 2023, propelled by the increasing number of electronic manufacturing companies and the surging demand for consumer devices. The demand for EDA solutions in this region is expected to rise significantly during the forecast period.
Key Market Players :
Leading companies in the global EDA market include: Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.) ,Zuken (Japan) ,Silvaco, Inc. (U.S.) ,Altair Engineering Inc. (U.S.) , Autodesk, Inc. (U.S.), EnSilica (U.K.) ,EMWorks, Inc. (Canada), Aldec, Inc. (U.S.)
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