Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "Electronic Design Automation (EDA) Software Market - Global Industry Size, Share, Trends Opportunity, and Forecast, 2028F" report has been added to ResearchAndMarkets.com's offering.
This report highlights the pivotal shifts in the landscape of electronic circuit design tools. The report delineates the latest trends, opportunities, and forecast developments until 2028, providing a deep dive into the factors propelling the growth of this sector.
The Global EDA Software Market, valued at USD 11.89 billion in 2022, is projected to reach USD 21.16 billion by 2028, showcasing a CAGR of 9.9%. The market is experiencing robust growth, reflected particularly in the rapidly expanding consumer electronics segment. Driven by a relentless push for innovation across various industries like automotive, telecommunications, and aerospace, these sophisticated tools have become indispensable for the development of complex and advanced integrated circuits (ICs).
As digitalization surges, so does the integration of Internet of Things (IoT) and 5G technologies, creating a burgeoning need for EDA software capable of crafting intricate chip designs that uphold the high standards required for connectivity and performance. In the sphere of consumer electronics, products demand a delicate balance of functionality, user experience, and energy efficiency — challenges adeptly met with the support of EDA tools.
The automotive industry is also a significant consumer of EDA software. With the rise of electric vehicles (EVs), advanced driver-assistance systems (ADAS), and autonomous driving technologies, automotive manufacturers are increasingly relying on electronic components that necessitate the precision offered by EDA solutions.
Advancements within the semiconductor industry are pushing the boundaries of microchip capacity and efficiency, keeping in stride with Moore's Law. In support of these technological progresses, EDA software constantly evolves to address the miniaturization of chips and the burgeoning count of transistors.
Key Market Drivers
- Incessant demand for refined ICs across diverse industries
- Growth propelled by the surge in IoT and an impending global rollout of 5G networks
- Renewed focus on functional safety and reliability of ICs in critical applications
Challenges and Innovations Ahead
Despite the thriving ecosystem, EDA software market faces hurdles such as the escalating complexity of designs, the high cost of advanced tools, and vigorous demands for shorter product development cycles. The report delves into these challenges, examining the industry's response, which includes the innovation of cloud-based EDA solutions designed to enhance scalability and reduce costs.
Regional Dominance and Emerging Trends
The North American region continues to spearhead the EDA Software Market, thanks to a strong presence of industry stalwarts and a conducive environment for cutting-edge research and development activities. Increased adoption of AI and machine learning, an upsurge in system-on-chip (SoC) designs, and a pivot towards energy-efficient electronics are identified as notable trends shaping the future of this market.
The comprehensive report aims to serve as a critical resource for industry stakeholders, facilitating strategic planning and informed decision-making. With a thorough analysis of market drivers, challenges, and trends, this publication is an instrument for navigating the dynamic landscape of the Global Electronic Design Automation (EDA) Software Market.
Segmental Insights
The intricate segmentation of the EDA Software Market shines a spotlight on sectors such as Computer-aided Engineering (CAE), suggesting a dominant position in the current industry scenario. Additionally, the versatility of applications in communications, consumer electronics, and the automotive industry further testifies to the pervasive influence of EDA tools.
Overall, this extensive report anticipates substantial growth and opportunities for the Electronic Design Automation (EDA) Software Market on the global stage, propelled by technological advancements and the escalating demands of the modern digital era.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 172 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $11.89 Billion |
| Forecasted Market Value (USD) by 2028 | $21.16 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes:
- Cadence Design Systems, Inc.
- Synopsys, Inc.
- Siemens Digital Industries Software
- Ansys, Inc.
- Keysight Technologies, Inc.
- Mentor, a Siemens Business
- Silvaco, Inc.
- Zuken, Inc.
- Altium Limited
- Dassault Systèmes
For more information about this report visit https://www.researchandmarkets.com/r/dzx5wn
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