Electronic Design Automation Market To Generate Revenue worth $31,121.1 Million by 2030
- Published: July 2023
The electronic design automation market revenue will reach USD 31,121.1 million by 2030, witnessing a CAGR of 10.4% during 2022–2030. This is due to the growing complexity of electronic systems and the resulting increase in the demand for advanced design solutions.
Moreover, the growth of the semiconductor IP market is being fueled by developments in systems-on-chip (SoC). Further, the growing complexities in EDAs are creating a demand for innovative design techniques; therefore, manufacturers must evaluate a number of design limitations and gather new tools for the new architectures. Although SoCs and processor models have been around for a while, new techniques for semiconductor designing are being proposed to get around drawbacks, such as less validation support, lower simulation speeds, limited architectural modeling capabilities, and synthesis issues.
Additionally, increasing the level of abstraction while explaining processor design is a popular technique. Software tools including architecture-description-languages (ADL), rule-based approaches, extensible architectures, and model-driven architectures (MDA) are in high demand across a number of industries. Because there is a high demand for modeling platforms, companies are developing new design techniques, which continues to aid in the electronic design automation market advance.
Semiconductor Intellectual Property Held the Largest Share
Since holding the largest market share in 2022, the SIP category is projected to grow at a CAGR of 9% during the forecast period. A SIP normally has a testbench module or reusable design, frequently called a virtual component. A single entity's IP includes a wide range of written and electronic materials with legal recognition. ‘IP’ in electronics refers to the components of a chip that might stand in for the business's unique or patented concepts. Options for IP-based SoC designs are available in SIP tool EDA software. The standard SIP portfolio includes security IP, wired and wireless interface IP, analog IP, logic libraries, and integrated-memory-embedded systems, including processors.
The category with the second-largest share is computer-aided engineering. Analytical tools, design-for-test, automated test tools, logic verification, synthesis tools, and formal verifications, such as property checking and equivalence checking, are some of the CAE tools. Longer connectors, higher packing density, smaller feature sizes, and quicker clock rates have created new challenges for engineers constructing larger analog and digital systems. Solution extraction, electromagnetic analysis, modeling, and signal integrity evaluation are made easier by CAE technologies for the design challenges common in present times.
North America Is Fastest-Growing Regional Market
North America is at the forefront of technological innovation. Modern businesses in the U.S. are adopting automated technologies increasingly to make their operations simpler and better. Moreover, industries in North America are using electronic design automation to take advantage of broader commercial coverage, which is much greater than what can be achieved through manual design processes. Furthermore, many solution vendors operate in North America, including Synopsys and Altair.
Some of the key players in the EDA market are Cadence Design Systems Inc., Synopsys Inc., Keysight Technologies Inc., Ansys Inc., Altium Limited, Advanced Micro Devices Inc., National Instruments Corporation, Silvaco Inc., Zuken Inc., Dassault Systemes, JEDA Technologies Inc., MathWorks Inc., and Aldec Inc.