Global Electronic Design Automation Software Market Report and Forecast 2024-2032

Global Electronic Design Automation Software Market Outlook

The global electronic design automation software market size reached approximately USD 12.73 billion in 2023. The market is estimated to grow at a CAGR of 9.40% in the forecast period of 2024-2032, reaching a value of around USD 28.67 billion by 2032.

Key Trends in the Market

Electronic design automation software encompasses software tools that aid in designing electronic systems using computer aided design (CAD) technology. Some of these electronic systems include integrated circuits, printed circuit boards, processors, and other electronics.

• Growing deployment of EDA software for improving design efficiency and quality of electronic systems, lowering their design costs, reducing the risk of errors, and developing complex electronic systems is one of the crucial electronic design automation software market trends.

• The trend of miniaturisation of devices such as tablets, laptops, smart wearables, and surgical equipment boosts the demand for EDA software for designing nano-sized semiconductor chips.

• Increased implementation of AI and machine learning technology in the aerospace and defence, automotive, and consumer electronics sectors, among others, to improve the performance of chips and electronic components creates an increased demand for EDA software. Such technologies can accelerate the manufacturing speed of complex designs while improving power, performance, and time-to-market EDA tools.

• The migration of EDA software companies on cloud platforms to scale the computing storage, reduce cost, and minimise the usage of data centre resources for designing chips also contributes to the electronic design automation software market growth.

Market Analysis

Based on type, the market is classified into computer-aided engineering (CAE), IC physical design verification, printed circuit board and multi-chip module (PCB and MCM), semiconductor intellectual property (SIP), and services, among others. On the basis of deployment model, the market is divided into on-premises and cloud.

The electronic design automation software market segmentation, based on application, includes aerospace and defence, automotive, consumer electronics, IT and telecom, healthcare, and industrial, among others. The regional markets of electronic design automation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the electronic design automation software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Siemens AG  

• Altium Limited 

• Aldec, Inc. 

• Silvaco, Inc.  

• Altair Engineering Inc. 

• Autodesk Inc.  

• Keysight Technologies, Inc.  

• Synopsys, Inc.  

• EMA Design Automation, Inc.  

• Zuken UK Limited.  

• Others

Market Share by Application

Consumer electronics occupy a significant portion of the electronic design automation software market share due to the high usage of EDA technology for designing chips and processors for electronic products. Consumer electronics usually require intricate integration of microprocessors, sensors, and chips, which can be achieved by the EDA tool. Moreover, compact-sized and portable electronics are witnessing an upward tick, surging the usage of EDA tools to reduce the risk of errors, improve efficiency, and lower the designing cost for electronics.

Market Share by Region

As per the electronic design automation software market analysis, North America accounts for a substantial share of the global market owing to the growing adoption of EDA software in the automotive and consumer electronics sectors. Market players are increasing their investment to improve the efficiency and production capacity of software tools to meet the growing demand for EDA tools in the region. Moreover, technological advancements such as 5G technology and the integration of AI and machine learning in semiconductor chips to boost their efficiency also provide a positive outlook to the market.

Competitive Landscape

Siemens AG, established in 1847, is a multinational technology company that is based in Germany. The company aims to drive automation and digitalisation in the manufacturing sector and develop intelligent infrastructure for the construction sector.

Altium Limited is a multinational software corporation, incorporated in 1985 and based in California, the United States. The corporation provides EDA software for the development of 3D-printed circuit boards for use in electronic products.

Aldec, Inc., founded in 1984, is an electronic design automation company headquartered in Nevada, the United States. The company provides design, creation, and simulation solutions for the development of SoC, FPGA, and ASIC, among others.

Other electronic design automation software market players include Silvaco, Inc., Altair Engineering Inc., Autodesk Inc., Keysight Technologies, Inc., Synopsys, Inc., EMA Design Automation, Inc., and Zuken UK Limited, among others.

Key Highlights of the Report