Rockville, Nov. 23, 2022 (GLOBE NEWSWIRE) — According to new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global Electronic Design Automation (EDA) software market ) is expected to exceed a valuation of US DOLLARS$ 11.2 billion in 2023 and grow to a Large Value CAGR of 8.6% until 2033.
An explosion in the use of IoT devices can be attributed to the perfect storm of technological and societal change; there is a growing demand for IoT solutions in most IoT end markets. Global IoT connections grew by 8% in 2021, representing 12.2 billion active end users, representing many opportunities for businesses.
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Smartphones, wearables, televisions, and smart home systems are some of the established IoT devices that have grown from niche sectors to being widely discussed and adopted. The incorporation of integrated circuits in all these consumer electronic devices is expected to drive the EDA software market. Vast developments in the processing power and miniaturization of smart connected devices will usher in a new era for electronic design automation software vendors.
Key insights from market research
- By type, design EDA software is expected to remain the most attractive vertical in the global market and represent a valuation of US$4.3 billion in 2023.
- Based on deployment, web-based EDA software is expected to be valued at US$7.3 billion in 2023 and hold a market share of 65.4%.
- Europe is expected to generate a valuation of US$3 billion in 2023.
- The North American market is expected to witness a CAGR of 8.5% during the forecast period.
- The United States is expected to hold a 23.7% share of the global market.
- China is expected to generate a valuation of US$1.5 billion in 2023 and post a CAGR of 8.1% through 2033.
Major EDA software vendors in the world are Aldec, Inc., Altair Engineering Inc, Altium Limited, ANSYS, Inc, Cadence Design Systems, Inc., ELECTRO-SYSTEM CO.LTD, EMA Design Automation, Inc, Faraday&Future Inc, Intel Corporation, Intercept Technology, Keysight Technologies, Microsemi, Pulsic Limited, Siemens, Silvaco, Inc., Synopsis, Inc., Tabula, Taiwan Semiconductor Manufacturing Company Limited, WestDev 2022 and Zuken.
These key manufacturers are constantly innovating software to meet the modern challenges of producing electronic systems due to the rise of VLSI systems.
In February 2022, Intel announced a partnership with the world’s largest EDA software companies, Siemens EDA, Ansys, Cadence, and Synopsis under the “IFS Acceleration” program to create an ecosystem to support and nurture its new foundry service business. This association will allow software vendors to fine-tune their chip design software for Intel’s latest process and packaging technologies.
Fact.MR provided detailed information on the service offering of leading EDA software vendors positioned across all regions, sales growth, deployment scale, and speculative technology expansion, in the recently released report.
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Several software vendors offer electronic design automation software, making the market highly competitive. Software vendors are leveraging the customization of their offerings to meet the dynamic demand of dynamic end users.
- Synopsys, a leading U.S. electronics design automation company, launched its cloud-optimized electronics design automation deployment model in March 2022 that provides chip and system design flexibility to customers. unparalleled levels with the help of a single source. The software provider’s cloud-optimized design and verification tools will be available through Synopsys Cloud with a pre-optimized infrastructure on “Microsoft Azure”, which will be able to solve complex chip development issues.
- In August 2022, Siemens announced its expansion of early design verification solutions for the Caliber platform for integrated circuit verification. The extended technology in the EDA space aims to provide users with the latest technologies needed to rapidly deliver world-class silicon products.
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EDA Software Industry Research Segmentation
- By type:
- By operating system:
- By source code:
- Perpetual (one-time license)
- Per Deployment:
- By end use:
- Education and formation
- Aerospace and Defense
- Automation and robotics
- Discreet manufacturing
- Electrical and Electronic
- Health care devices
- IT & Telecommunications
- Semiconductor industry
- By region:
- North America
- Latin America
- East Asia
- South Asia and Oceania
More valuable information available
Fact.MR in its new offering presents an unbiased analysis of the global Electronic Design Automation Software Market, showcasing historical market data (2018-2022) and forecast statistics for the period 2023-2033.
The study reveals essential information on the basis of type (simulation, design, verification), operating system (Windows, MAC, Linux, Unix), source code (open source, proprietary (perpetual (single license), subscription) ), deployment (standalone, web-based) and end use (education and training, professional, aerospace and defense, automation and robotics, automotive, discrete manufacturing, electrical and electronics, health devices, IT and telecommunications, industrial semiconductors, other), in six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, MEA).
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