According to the report by Expert Market Research (EMR), the global electronic design automation software market size reached a value of USD 12.73 billion in 2023. Aided by the escalating demand for sophisticated electronic devices and the continuous advancements in semiconductor technology, the market is projected to further grow at a CAGR of 9.40% between 2024 and 2032 to reach a value of USD 28.67 billion by 2032.
Electronic design automation software is an instrumental component in the design and development of complex electronic systems and circuits. It encompasses a wide range of tools and solutions, including schematic capture, circuit simulation, and printed circuit board (PCB) design, facilitating the creation of highly sophisticated electronic products. The utility of EDA software extends across various sectors, including consumer electronics, automotive, aerospace and defence, healthcare, and telecommunications, underlining its pivotal role in the modern technological landscape.
The burgeoning demand for consumer electronics, such as smartphones, wearables, and smart home devices, coupled with the automotive sector’s shift towards electric and autonomous vehicles, serves as a significant catalyst for the electronic design automation software market growth. The intricate electronic components required for these applications necessitate the use of advanced EDA tools for their design, testing, and validation, thereby driving market expansion.
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Furthermore, the advent of Internet of Things (IoT) technology and the increasing adoption of connected devices have intensified the need for efficient and reliable electronic designs, propelling the electronic design automation software market expansion. The ability of EDA tools to handle the complexity of designing IoT devices and systems, ensuring their performance, reliability, and scalability, is crucial for the widespread adoption of IoT solutions.
In addition to the consumer and automotive sectors, the aerospace and defence sector represents a significant market for EDA software. The demand for sophisticated electronic systems for navigation, communication, and surveillance in aerospace and defence applications necessitates the deployment of advanced EDA solutions. As per the electronic design automation software market analysis, these tools enable the design and development of high-performance, reliable electronic components that can withstand the rigorous demands of aerospace and defence environments.
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The healthcare sector also emerges as a prominent user of EDA software, with the growing trend of medical device miniaturisation and the increasing complexity of electronic components in medical equipment. EDA tools play an essential role in the design and development of medical devices, ensuring their safety, reliability, and compliance with stringent regulatory standards. Moreover, the electronic design automation software market is witnessing a significant shift towards cloud-based EDA solutions, offering enhanced scalability, flexibility, and collaboration capabilities. The adoption of cloud-based platforms enables design teams to access powerful computing resources and collaborate more effectively, accelerating the design process and reducing the time to market for new electronic products.
The development of more user-friendly and cost-effective EDA solutions, coupled with investments in training and education, can mitigate these barriers, making EDA tools more accessible to a broader range of users and contributing to the electronic design automation software market share. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) technologies in EDA software offers the potential to significantly enhance design automation, optimisation, and validation processes, opening new avenues for market growth.
AI and ML are increasingly being integrated into EDA tools to automate complex design tasks, optimise design processes, and improve the accuracy of simulations and verifications. As per the electronic design automation software market outlook, this integration allows for predictive analysis, anomaly detection, and even autonomous correction of design flaws, significantly reducing design cycles and enhancing product quality.
Market Segmentation
The market can be divided based on type, deployment model, application, and region.
Market Breakup by Type
- Computer-aided Engineering (CAE)
- IC Physical Design and Verification
- Printed Circuit Board and Multi-chip Module (PCB and MCM)
- Semiconductor Intellectual Property (SIP)
- Services
Market Breakup by Deployment Model
- On-premises
- Cloud
Market Breakup by Application
- Aerospace and Defence
- Automotive
- Consumer Electronics
- IT and Telecom
- Healthcare
- Industrial
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic design automation software market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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