Electronic Design Automation Tools (EDA) Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

Electronic Design Automation Tools Market Size Was Valued at USD 12.94 Billion in 2023, and is Projected to Reach USD 26.67 Billion by 2030, Growing at a CAGR of 9.46% From 2023-2030.

Companies are integrating artificial intelligence (AI) and machine learning (ML) into their products to enhance offerings in the mentioned categories. Advancements in electronic components and chips are necessary for these technological implementations, creating opportunities for Electronic Design Automation (EDA) providers. With AI integration in the development process, software testers can transition from manual testing to automated testing, improving efficiency. EDA accelerates and reduces the cost of designing electrical circuits, while also reducing manual errors, contributing to market expansion. Future growth opportunities involve integrating technology like machine learning to reduce design costs in existing solutions.

 

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Top Key Players of Electronic Design Automation Tools Market:

Synopsys (US), Cadence Design Systems (US), Ansys (US), Autodesk (US), Silvaco (US), Agilent EEsof (US), Agnisys Inc (US), Keysight Technologies (US), Xilinx Inc. (US), Avant! Corp. (US), Innoveda Inc. (US), IKOS Systems Inc. (US), Ansoft (US), Synplicity (US), PTC (US), Rambus (US), Siemens EDA (Germany), Lauterbach GmbH (Germany), Dassault Systèmes (France), Imagination Technologies (UK), Pulsic (UK), Cognidox (UK), Altium Limited (Australia), Zuken (Japan), Protel International (New Zealand), OneSpin Solutions (Israel), and Other Major Players

 

The latest research on the Electronic design automation tools market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Electronic design automation tools industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Electronic design automation tools market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

 

Drivers:

the Electronic Design Automation (EDA) market is propelled by the rising adoption of the Internet of Things (IoT) and connected devices. Two primary trends driving this growth are advancements in sensor technologies and decreasing Average Selling Prices (ASPs). As the use of sensors increases, the revenue for the Internet of Things market from sensing devices is expected to experience rapid growth.

 

Electronic Design Automation Tools Market Segmentation:

By Type

  • Computer-aided Engineering (CAE)
  • IC Physical Design & Verification
  • Printed Circuit Board & Multi-chip Module (PCB and MCM)
  • Semiconductor Intellectual Property (SIP)

 

By Deployment Mode

  • On-premises
  • Cloud-based

 

By Business Model

  • Perpetual license
  • Subscription
  • Open-source

 

By Application

  • Communication
  • Consumer Electronics
  • Automotive
  • Industrial
  • Aerospace & Defense

 

By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

 

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Here are some reasons why you might consider purchasing this report:

  • Comprehensive Market Insights: This report provides a thorough analysis of the Electronic design automation tools market, offering valuable insights into trends, growth factors, challenges, and opportunities. It serves as a vital resource for understanding the dynamics of the market.

 

  • Market Size and Forecast: Access accurate data on market size and forecasts, helping you make well-informed decisions and allocate resources effectively. This data-driven approach aids in optimizing resource allocation and managing potential risks.

 

  • Emerging Trends and Innovations: Stay ahead of competitors by staying updated on emerging trends and innovations in the Electronic design automation tools market. The report offers foresight into technological advancements and changing consumer preferences, giving you a competitive advantage.

 

  • Regional Analysis: Understand regional dynamics in the Electronic design automation tools market with insights into variations and trends across different regions. This knowledge enables you to tailor your strategies according to regional preferences and market conditions.

 

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