Global Electronic Design Automation (EDA) Tools Market Size Expands at Significant CAGR of 6.96% to Touch USD 17.4 Billion by 2030

Published | 23 January 2024

Global Electronic Design Automation (EDA) Tools Market is propelled by technological advancements, increasing complexity of electronic devices, spurring demand for efficient chip designs, and growing semiconductor industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Electronic Design Automation (EDA) Tools Market size at USD 11.62 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Electronic Design Automation (EDA) Tools Market size to grow at a CAGR of 6.96% reaching a value of USD 17.4 billion by 2030. Global Electronic Design Automation (EDA) Tools Market is driven by increasing semiconductor complexity, demand for high-performance electronic devices, and the rise of IoT and AI applications. A growing emphasis on reducing time-to-market and production costs, coupled with advancements in semiconductor manufacturing processes, fuels the adoption of EDA tools. Additionally, the push for 5G technology, automotive electronics, and smart devices contributes to market growth. The expansion of the global electronics industry and the need for efficient design solutions to address intricate circuit designs and power consumption challenges further propel the EDA tools market, ensuring ongoing innovations and competitiveness in the semiconductor industry.

Opportunity – Increasing adoption of AI and ML in EDA tools

Global Electronic Design Automation (EDA) Tools Market is experiencing robust growth driven by the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) within EDA tools. The integration enhances design efficiency, accelerates product development cycles, and optimizes performance, thereby attracting widespread interest from industries. The synergy of AI and EDA tools is revolutionizing electronic design processes, fostering innovations, and contributing significantly to the market expansion.

Impact of Escalating Geopolitical Tensions on Global Electronic Design Automation (EDA) Tools Market   

Escalating geopolitical tensions, notably the Russia-Ukraine war, have significantly impacted the Global Electronic Design Automation (EDA) Tools Market. Supply chain disruptions heightened trade uncertainties, and increased production costs have impeded the seamless flow of EDA tools. The conflict has intensified concerns about resource availability, with key components being sourced from affected regions. Additionally, economic sanctions and geopolitical instability have led to decreased investor confidence, hindering market growth. The EDA market faces challenges in maintaining operational continuity, and strategic planning is crucial to navigating the turbulent geopolitical landscape, ensuring resilience and adaptability in the face of ongoing global uncertainties.

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Global Electronic Design Automation (EDA) Tools Market   

Segmental Coverage

Global Electronic Design Automation (EDA) Tools Market – By Product

Based on product, Global Electronic Design Automation (EDA) Tools Market is divided into Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB & MCM), and Semiconductor Intellectual Property (SIP) segments. The CAE segment is the largest in the Global Electronic Design Automation (EDA) Tools Market by product. The segment encompasses software tools and solutions that assist in the simulation and analysis of electronic systems, aiding engineers in the design and development processes. CAE tools play a crucial role in optimizing product performance, reducing development time, and ensuring the reliability of electronic components. As technology advances and complexity in electronic designs grows, the demand for sophisticated CAE tools continues to drive the prominence of this segment within the overall EDA market.

Global Electronic Design Automation (EDA) Tools Market – By Application

Based on application, Global Electronic Design Automation (EDA) Tools Market is divided into Communication, Consumer Electronics, Automotive, and Industrial segments. The consumer electronics segment stands out as the largest, reflecting the substantial demand for EDA tools in the design and development of electronic components for consumer devices. The consumer electronics segment encompasses a wide range of products, including smartphones, tablets, laptops, and other personal electronic gadgets. The significance of EDA tools in shaping innovations and advancements in the consumer electronics industry highlights the critical role they play in driving technological progress and meeting evolving consumer needs.

Competitive Landscape

Global Electronic Design Automation (EDA) Tools Market is fiercely competitive. Major companies in the market include Altium Limited, Ansys Inc., Cadence Design Systems Inc., Keysight Technologies Inc., Agnisys Inc., Aldec Inc., Siemens, Synopsys Inc., Advanced Micro Devices, Inc., and Zuken Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Electronic Design Automation (EDA) Tools Market.

Don’t miss the business opportunity Global Electronic Design Automation (EDA) Tools Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Electronic Design Automation (EDA) Tools Markets. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Electronic Design Automation (EDA) Tools Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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