Global Electronic Design Automation Software Market by End Use (Microprocessors & Controllers, MMU) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global electronic design automation software market was valued at USD 9.41 Billion in 2020. It is expected to experience a compound annual growth rate of 9.3% between 2021 and 2028. Due to limited hardware supply and logistical difficulties in the first months of 2018, the COVID-19 pandemic caused minor disruptions to overall market. EDA software's ability to automate circuit design and reduce time and cost is expected to play a major role in driving market growth. The market will also be positively influenced by the incorporation Machine Learning concepts that reduce designing costs and allow the tools to offer solutions to common design issues.

The semiconductor and electronics industries are key to the growth of the market. The future growth of the EDA market will depend on the continued development of new designs by the semiconductor and systems companies as well as their customers. Automation is essential for many industries in order to keep working with a minimal workforce. Consequently, the market will see an increase in demand for electronics and semiconductors that will provide new growth opportunities over the next few years.

Artificial intelligence (AI), and Machine Learning (ML), are gaining popularity across industries such as manufacturing, healthcare, aerospace & defense, and automotive. To enhance products, existing consumer electronics and other products are being incorporated with AI and ML technologies. EDA software is in high demand due to the increasing use of AI. Many EDA software developers integrate AI into the software development process. This allows testers to replace the manual approach of manually testing models with an automated, precision-based continuous testing process.

Advanced electronic components are also being used in the market. EDA software is a popular choice for IC manufacturers due to the growing demand for smart devices. To improve the quality of their smart products, OEMs of consumer electronics are partnering with some leading System-on Chip (SoC), IC manufacturers, such as Qualcomm Technologies, Inc., Texas Instruments, Inc., Intel Corp., NXP Semiconductors, Inc., and Texas Instruments, Inc. In August 2018, Intel Corp. chose Synopsys, Inc. to be its primary EDA software provider.

End-use Insights

In 2020, the microprocessors and controllers segment had a greater revenue share than 69%. This segment will grow at the fastest rate of CAGR between 2021 and 2028. The microprocessors and controllers are an integral component of lighting systems, home appliances, medical devices, and other electronic devices. The segment's growth will be influenced by technological advancements in consumer electronics and the increasing penetration of smartphones. The demand for consumer electronics devices has seen a sharp decline since the COVID-19 pandemic. However, this is expected to change in the next seven year, driving segment growth.

Other than microprocessors and controllers, other end uses include Memory Management Units (MMU) as well as other segments. The MMU segment is expected to grow at a significant rate between 2021 and 2028. A MMU is a component of computer hardware that manages memory operations and other cache-related operations. The MMU will continue to grow in future years due to increased processing speeds.

Regional Insights

North America held the largest revenue share, with more than 44%, in 2020. It is expected to continue its dominance throughout the forecast period. The rapid adoption of new technologies such as machine learning and 5G, together with the Internet of Things (IoT) is responsible for the growth of the region's market. The development of IoT-based technologies will be supported by the government and the strong wireless infrastructure. This is expected to boost the growth of the EDA market.

Asia Pacific will be the fastest growing region market between 2021 and 2028. Product adoption is expected to rise due to the growing number of electronics manufacturing firms in the region, especially in China. The region has a large population which means that there is a higher demand for electronics and other devices with ICs. The region's growing demand for electronic products is expected to play a major role in driving future regional growth.

Market Share Insights & Key Companies

To maintain a strong position within a highly competitive market, companies focus on mergers and acquisitions. Synopsis, Inc. acquired Qualtera, which is a provider high-volume big data solutions as well as collaborative high performance for semiconductor testing. This acquisition allowed Synopsis, Inc. to expand its offerings in semiconductor manufacturing.

Companies are also looking to add advanced and innovative features to their solutions. Cadence Design Systems, Inc., for example, announced in July 2018 that it had added a parallelism algorithm into its Cadence Voltus IC energy integrity solution. Cadence Voltus IC Power Integrity Solution helps to ensure high chip performance. The Cadence Voltus IC Power Integrity solution can be enhanced with a parallelism algorithm that will allow automotive chip makers to overcome time-to-market issues. The following are some of the major players in the global market for electronic design automation software:

• Cadence Design Systems, Inc.

• Synopsys, Inc.

• Mentor, a Siemens Business

• Silvaco, Inc.

• Vennsa Technologies

• ANSYS, Inc.

• Altium LLC

Up Market Research published a new report titled “Electronic Design Automation Software Market research report which is segmented by End Use (Microprocessors & Controllers, MMU), By Players/Companies Silvaco Inc, Mentor a Siemens Business, Altium LLC, Vennsa Technologies, ANSYS Inc, Synopsys Inc, Cadence Design Systems Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Electronic Design Automation Software Market Report Segments:

The market is segmented by End Use (Microprocessors & Controllers, MMU).

Electronic Design Automation Software Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Electronic Design Automation Software Market

Overview of the regional outlook of the Electronic Design Automation Software Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Electronic Design Automation Software Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Electronic Design Automation Software Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Microprocessors & Controllers

                2. MMU

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electronic Design Automation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Electronic Design Automation Software Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.