Electronic Design Automation Market Size Worth $ 35.88 Billion By 2032 | CAGR: 9.40%

The global electronic design automation market size is expected to reach USD 35.88 billion by 2032, according to a new study by Polaris Market Research. The report “Electronic Design Automation Market Share, Size, Trends, Industry Analysis Report, By Product Category (CAE, Semiconductor IP, PCB and MCM, Services); By Deployment Mode; By Application; By End Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

As Integrated Circuits become more advanced, their design process becomes more challenging. Designers rely on EDA tools to manage this complexity and achieve better performance, power efficiency, and functionality. The semiconductor industry constantly evolves with new technologies, architectures, and design methodologies, and EDA vendors upgrade their tools accordingly. This drives the growth of the EDA market, especially with the increasing demand for advanced electronic devices, such as IoT, AI, and 5G. The automotive and aerospace industries have also seen a rise in electronic systems' complexity, in which EDA tools play a vital role in designing and verifying.

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Growing collaboration and innovations by companies play a significant role in driving the market's growth. For instance, Cadence Design has further extended its partnership with Arm to drive the success of mobile device silicon. This collaboration aims to give customers a faster path to tape-out, streamlining the chip design and verification process. Synopsys has introduced a new cloud-optimized deployment model for the EDA to enhance productivity and efficiency in complex chip designs. This will drive the growth of the EDA market by offering enhanced design tools, technological advancements, improved productivity, and customer satisfaction. These initiatives contribute to the overall development and expansion of the EDA industry by enabling more efficient chip design processes, fostering innovation, and meeting the evolving demands of the semiconductor market.

Electronic Design Automation Market Report Highlights

• Semiconductor IP segment is anticipated to witness faster growth in the coming years due to increasing semiconductor complexity.
• Cloud-based segment accounted for the larger market share owing to the cost efficiency, accessibility, and flexibility.
• Microprocessors and Microcontrollers segment is projected to experience a larger revenue share due to the increased demand for advanced processers.
• Automotive Industry segment is projected to witness higher growth for the market due to increasing vehicle complexity.
• APAC is projected to register a higher growth rate in the study period owing to the growing semiconductor industry.
• North America is expected to grow larger revenue share, owing to the rising government initiatives.
• The global players include Ansys, Altium, Xilinx, Intel, MathWorks, National Instruments, Autodesk, AWR, Agilent Technologies, Sigasi, Sigrity, Sonnet Software & Verific Design Automation.

Polaris Market Research has segmented the electronic design automation market report based on product category, deployment mode, application, end use and region:

Electronic Design Automation, Product Category Outlook (Revenue - USD Billion, 2019 - 2032)

• Computer-aided Engineering (CAE)
• Semiconductor Intellectual Property (IP)
• PCB (Printed Circuit Board) and MCM (Multi-chip Module)
• Services

Electronic Design Automation, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

• On-premises
• Cloud-based

Electronic Design Automation, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Microprocessors & Microcontrollers
• Memory Management Units
• Others

Electronic Design Automation, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive Industry
• Healthcare Industry
• Aerospace & Defense Industry
• Telecom and Data Centre Industry
• Consumer Electronics Industry
• Industrial Sector
• Others

Electronic Design Automation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Electronic Design Automation Market Report Scope