Electronic Design Automation Software Market – Shows Huge Demand and Future Scope Including Top Players 2027

Electronic Design Automation Software Market

The report focuses on the growth prospects, restraints, and trends of the global electronic design automation software market.

PORTLAND, PORTLAND, OR, USA, July 28, 2022 /EINPresswire.com/ — Rising adoption of FinFET architecture for modern processor design, advancements in SoC technology, and increasing the penetration of IoT, AI and VR technologies are fueling the growth of the global electronic design automation software market.

On the other hand, the availability of open-source EDA software is hampering the growth to some extent. However, increasing demand for compact electronics and machine learning devices in EDA is expected to create lucrative opportunities in the industry.

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Based on type, the Semiconductor Intellectual Property (SIP) segment contributed almost a third of the global electronic design automation software market share in 2019 and is expected to lead the way. by the end of 2027. The need for EDA software to offer pre-verified and customizable IP subsystems, architecture design expertise, hardening, signal/power integrity analysis and IP prototyping kits are driving the segment growth.

On the other hand, the IC Physical Design and Verification segment would also register the fastest CAGR of 12.7% throughout the forecast period, owing to factors such as the need for custom IC layout editing , support for the physical implementation of custom digital, analog and mixed systems. – signal designs for device, cell, block and full chip levels.

Based on applications, the consumer electronics segment accounted for more than one-fifth of the global electronic design automation software market revenue in 2019 and is expected to dominate by 2027. EDA tools are increasingly increasingly used by consumer electronics manufacturers due to the compact designs of new electronic items.

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This factor is driving the market growth in this segment. On the other hand, the automotive segment would show the fastest CAGR of 11.3% from 2020 to 2027. The fact that the automotive sector offers great growth prospects for the computer aided engineering (CAE) and Semiconductor intellectual property is further driving the growth of the market.

Based on geography, the North American market won the majority in 2019, holding nearly two-fifths of the global electronics design automation software market. North America has the highest adoption rate of advanced technologies such as AI, cloud and others. Thus, the adoption of electronic design automation (EDA) software integrated with machine learning by electronics manufacturers is driving the growth of this market.

At the same time, the Asia-Pacific region would also exhibit the fastest CAGR of 11.6% during the forecast period. This is due to the ever-increasing penetration of smartphones, the growing popularity of smart wearable devices, the growth of electronics manufacturing companies in countries such as China, India, and Japan.

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Impact of the COVID-19 Pandemic on the Electronic Design Automation Software Market:

• The outbreak of the pandemic has led to a drop in investment and funding in the electronic design automation industry. In addition, factors such as declining revenue from the semiconductor industry, slowdown in production and shortage of raw material supply have further impacted the industry.

• Nevertheless, government bodies around the world are now implementing unlocking procedures to help market participants in terms of the economy. With this drift on board, the industry should recover soon.

Main benefits for stakeholders:

• This study includes the analytical description of Electronic Design Automation Software market forecasts and trends to determine impending investment pockets.

• The report presents information related to major drivers, restraints, and opportunities in the Electronic Design Automation Software industry.

• The Electronic Design Automation Software market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competence of the market.

• Porter’s five forces analysis illustrates the power of buyers and suppliers in the electronic design automation software market.

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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.

Related report:

1. Electronic Information Security Market

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