Electronic Design Automation Market is Anticipated to Grow $18.1 billion by 2026 Globally, at a CAGR of 7.7%

Chicago, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Electronic Design Automation Market by Product Category (CAE, IC Physical Design & Verification, PCB & MCM, Semiconductor IP, Services), Application (Automotive, Healthcare, Defense & Aerospace, Industrial), and Geography - 2026", The major players have adopted various growth strategies to expand their global presence and increase their market reach to enhance their customer base. The incorporation of electronic design automation for end users such as automotive industry, consumer electronics industry, and healthcare industry, are among the factors driving the growth of the electronic design automation market.

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Electronic Design Automation Market Report Scope

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IBM Maximo provides real-time visibility into asset usage, which helps in improving return on assets (RoA) and widening functions across sites. The company focuses on developing data analysis and data handling software to cater to rising customer demands. One-third of IBM’s research spending is on data, analytics, and cognitive computing. The company has a strong partner ecosystem comprising more than 300 partners with rich industry and domain expertise. It charges its EAM users based on the number of users accessing the system. The key differentiating factor for IBM in the enterprise asset management market is its diverse technology product portfolio, which gives it access to innovations across cloud, AI, IoT, and analytics-related technologies.

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SAP enables enterprises to deliver high-quality, on-demand services rapidly to their customers. This solution is highly scalable and suitable for large and mid-sized enterprises across asset-intensive industries. Organizations across the globe are choosing and deploying SAP Intelligent Asset Management solutions to cope with the growing demand for their customers. With indirect sales channels, the company operates a robust network of value-added resellers, hardware and software suppliers, system integrators, and third-party consultants. To hold the leading position, the company consistently focuses on catering to its customers with highly competent technology-enabled products and services in the enterprise asset management market. SAP drives its revenue through its direct sales organizations. It follows the go-to-market strategy and regional expansions to drive demand, build pipelines, and enhance customer relationships within its target industries.

Electronic Design Automation Market:

Based on Product Category:

• Computer-aided Engineering (CAE)
• IC Physical Design & Verification
• PCB & MCM
• Semiconductor IP
• Services

Based on Deployment Mode:

• On-premises
• Cloud-based

Based on End-use Application:

• Microprocessors & Microcontrollers
• Memory Management Units
• Others (Interfaces, FPGAs, ADCs, DACs, and Mixed ICs)

Based on End User:

• Automotive Industry
• Healthcare Industry
• Aerospace & Defense Industry
• Telecom and Data Centre Industry
• Consumer Electronics Industry
• Industrial Sector
• Others (Banking, Financial Services, and Insurance (BFSI), Commercial Sectors, and Textile Industry)

By region, APAC to hold the largest share of the electronic design automation market throughout the forecast period

In 2026, the electronic design automation market in APAC is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the strong foothold of China, Japan, Taiwan, and South Korea in the semiconductor industry. The region is home to some of the largest semiconductor companies, such as Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Samsung Electronics (South Korea), Semiconductor Manufacturing International Corporation (China), and HiSilicon (China). Additionally, with the ongoing global chip shortage, the governments of countries across the globe are making investments in the semiconductor industry, which is expected to boost market growth.

Recent Developments

• In August 2021, Cadence Design Systems, Inc. and Tower Semiconductor (US) jointly launched the silicon validated SP4T RF SOI switch reference flow using the Virtuoso Design Platform and integrated EM analysis. The flow demonstrates the benefits of using a single design environment for chip and package co-design and simulation. The new development from the partnership benefits their customers as the solution fulfills the conditions of the complex systems.
• In July 2021, Zuken Inc. released CR-8000 2021 in July 2021. The product is an enhanced version of the CR-8000 that primarily focuses on early design analysis and reuse functionality.
• In June 2021, Siemens acquired the proFPGA product family from PRO DESIGN Electronic GmbH to IC verification portfolio. The proven track record of proFPGA enabling more than 100 customers to 'shift left' in their critical hardware and software verification tasks, enabling faster time-to-market will aid help in enhancing Siemens solutions.

How big electronic design automation market?

The electronic design automation market Size is Expected reach USD 18.1 billion by 2026 from USD 11.5 billion in 2020 to grow at a CAGR of 7.7%.

Which is the potential market for the electronic design automation in terms of the region?

The APAC region is expected to dominate the electronic design automation market due to existence of many semiconductor companies, and presence of some of the largest semiconductor companies.

Related Report:

1. The Semiconductor Intellectual Property (IP) Market by Design IP (Processor IP, Memory IP, Interface IP, Other IPs), IP Source (Royalty, Licensing), IP Core (Hard IP, Soft IP), Vertical and Geography (2021-2026)
2. The Embedded System Market by Hardware (MPU, MCU, Application-specific Integrated Circuits, DSP, FPGA, and Memories), Software (Middleware, Operating Systems), System Size, Functionality, Application, Region - Global Forecast to 2025