Electronic Design Automation Software Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Electronic Design Automation Software Market Growth & Trends

The global electronic design automation software market size is anticipated to reach USD 22.21 billion by 2030, expanding at a CAGR of 9.1% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing usage of advanced electronic components across different areas of healthcare, automotive, and consumer electronic sectors is driving Electronic Design Automation (EDA) software market growth. Apart from this, the proliferation of the Internet of Things (IoT) and connected devices further promotes EDA software market advancement.

Miniaturization of devices and chips is expected to create lucrative opportunities for EDA software. This software assists chipmakers in lowering the errors in Integrated Circuit (IC) and chips, thereby driving the electronic design automation software industry growth. The exponential growth of the integrated circuits market is driving the need for electronic design automation software. The software is increasingly being adopted for designing electronic systems such as printed circuit boards and integrated circuits, supporting the growth of the EDA market.

Furthermore, developments in technology, growing digitization, growth of the electronics manufacturing industry, and increasing adoption of advanced rendering & simulation tools by hardware designers are expected to positively influence the electronic design automation software industry growth over the forecast period. Furthermore, the increasing acceptance and awareness of smart fitness devices are factors enabling electronic design companies to invest in innovative design software tools for designing enhanced & compact products, thereby propelling the EDA software market growth over the forecast period.

Growing demand for EDA software is encouraging various market players to adopt various business strategies to achieve higher profitability in the market for electronic design automation software. Market players are unveiling new solutions by partnering with technology providers to improve their brand identity, propelling the EDA software market growth. For instance, in January 2022, Altium LLC announced a partnership with MacroFab, Inc., a U.S.-based cloud platform provider for electronic production, to launch “Altimade.” The new solution combines elastic manufacturing capabilities and real-time supply chain data, available on the Altium 365 electronic design platform. Altimade empowers customers to request instant quotes and place orders for manufacturing their PCB assembly without exiting the design environment.

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Electronic Design Automation Software Market Report Highlights

• The services segment is expected to register a CAGR of 10.6% from 2023 to 2030. The segment growth can be attributed to the increasing proclivity of OEMs to outsource their design needs. Furthermore, electronic circuit boards are in high demand in the industry due to their increasing importance in a variety of vital electronic products such as mobile phones and tablets
• The cloud segment is expected to register a CAGR of 10.8% from 2023 to 2030. Cloud-based deployment allows for faster distribution, less maintenance, lower costs, and more scalability
• The healthcare segment is expected to register a CAGR of 11.5% from 2023 to 2030. The segment growth can be attributed to the benefits of EDA software in healthcare, such as lower costs, improved patient outcomes, faster design & development, enabled regulatory compliance of medical devices, and simulation and testing of medical equipment
• The microprocessors& controllers segment is expected to register a CAGR of 9.5% from 2023 to 2030. The increased use of microprocessors in consumer devices such as smartphones, personal computers (PCs), and laptops is expected to drive global demand for the segment
• Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period at a CAGR of 9.6%. A surge in demand for electronic devices together with the prevalence of key electronic component manufacturers in Greater China is expected to drive regional growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electronic-design-automation-eda-software-market

Electronic Design Automation Software Market Segmentation

Grand View Research has segmented the global electronic design automation software market based on product, deployment, application, end-use, and region:

Electronic Design Automation (EDA) Software Product Outlook (Revenue, USD Billion, 2018 - 2030)

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

Electronic Design Automation (EDA) Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premise

Electronic Design Automation (EDA) Software Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace and Defense
• Automotive
• Healthcare
• Industrial
• Consumer Electronics
• Others

Electronic Design Automation (EDA) Software End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Microprocessors & Controllers
• Memory Management Unit (MMU)
• Others

Electronic Design Automation (EDA) Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • A.E
  • Saudi Arabia
  • South Africa

List of Key Players in the Electronic Design Automation Software Market

• Advanced Micro Devices, Inc.
• Aldec, Inc.
• Altair Engineering Inc.
• Altium LLC
• Autodesk, Inc.
• ANSYS, Inc.
• Cadence Design Systems, Inc.
• eInfochips
• EMA Design Automation, Inc.
• Keysight Technologies
• Microsemi
• Synopsys, Inc.
• Silvaco, Inc.
• The MathWorks, Inc.
• Vennsa Technologies
• Zuken

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.