Electronic Design Automation Market Size: Technological Advancement and Growth Analysis with Forecast to 2027
The electronic design automation market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.
The introduction of electronic design automation software and tools has put to rest the challenges addressed by cumbersome and manual development of integrated and complex electrical circuits. In fact, the expansion of compute-intensive technologies like machine learning, cloud computing, and IoT is expected to propel the demand for EDA tools, depicting significant gains across the overall electronic design automation market space.
It has been estimated that global electronic design automation market would record an annual remuneration of $20 million by 2027 end.
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Increasing demand for EDA tools for easing the jobs of electrical circuit design has left various electrical circuit makers to look for innovative and advanced developments. One such advancement is by Sigasi, a Belgium-based leading developer of HDL design solutions. In 2020, the company declared that is it launching a software development kit for EDA tools for designing various electronic circuits to be used in automobiles, consumer electronics, and others. Reportedly, the development kit is likely to augment the productivity, quality, and focus of the consumers.
Through these developments, it is quite assertive that the market numbers for EDA software would escalate dramatically in the years to come.
A profound reason for the stellar adoption of CAE simulation software globally is that it supports engineering analysis operations. The software enables users to optimize, simulate, and validate production tools and products. Moreover, these products also help the makers and customers to analyse the performance and robustness of components and assemblies.
Reports have it that there will be high demand for CAE software and tools in the near future, given its ability to save time and money due to the use of computer simulation rather than physical prototype testing. Not to mention, the tools are also used for assessing a prototype in the design process itself, allowing engineers to make necessary changes before the final assemblage.
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Regionally, Latin America is projected to emerge as a hotspot for electronic design automation market, subject to the expanding demand for these tools across prominent economies like Argentina, Brazil, and others.
In Argentina, the demand for EDA software is largely felt across the automotive sector. In fact, the Government of Argentina had in March 2017, laid down a strategy to drive its automotive vertical and produce an output of around a million units by 2023 end.
Meanwhile, the manufacturing sector in Brazil is also poised to garner tremendous gains in the LA electronic design automation market. Courtesy: the central government’s impeccable support towards digital transformation in the country with the advent of AI, machine learning, to ensure robust economic development.
Major Key Points from Table of Content:
Chapter 5 Electronic Design Automation Market, By Product
5.1 Key trends, by product
5.2 Computer Aided Engineering (CAE)
5.2.1 Market estimates and forecast, 2017 – 2027
5.3 IC physical design & verification
5.3.1 Market estimates and forecast, 2017 – 2027
5.4 Printed Circuit Board (PCB) and Multi-Chip Module (MCM)
5.4.1 Market estimates and forecast, 2017 – 2027
5.5 Semiconductor Intellectual Property (SIP)
5.5.1 Market estimates and forecast, 2017 – 2027
5.6 EDA services
5.6.1 Market estimates and forecast, 2017 – 2027
Chapter 6 Electronic Design Automation Market, By Application
6.1 Key trends, by application
6.2 Aerospace & Defense (A&D)
6.2.1 Market estimates and forecast, 2017 – 2027
6.3 Automotive
6.3.1 Market estimates and forecast, 2017 – 2027
6.4 Consumer electronics
6.4.1 Market estimates and forecast, 2017 – 2027
6.5 Industrial
6.5.1 Market estimates and forecast, 2017 – 2027
6.6 Medical
6.6.1 Market estimates and forecast, 2017 – 2027
6.7 Telecommunications (Telecom)
6.7.1 Market estimates and forecast, 2017 – 2027
6.8 Others
6.8.1 Market estimates and forecast, 2017 – 2027
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