Global Electronic Design Automation Market SWOT Analysis to 2027 Lead by Agnisys, Aldec, Autodesk, Cadence Design Systems, Labcenter Electronics, Keysight Technologies, Silvaco,

The global electronic design automation market accounted to US$10.31 Bn in 2018 and is expected to grow at a CAGR of 12.0% during the forecast period 2019 2027, to account to US$28.27 Bn by 2027.

APAC is expected to be the dominant region in the electronic design automation market. The major reason for this is the huge electronics and semiconductor hub in China coupled with the large population density of the region. Also China accounts for the largest shipments for semiconductors across the world, the new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to high growth of electronic design automation market in the region.

Electronic design automation software comprises of multiple tools and applications. Integrating these tools according to the customers' demand sometimes becomes a complicated job. The complex requirements of the end-users regarding highly stable and accurate product positioning is addressed with the help of EDA. Rising complexities and cost challenges faced by the industries for implementation of expensive complex designs is key influencer driving the demand of EDA.

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Global Electronic Design Automation Market - Company Profiles Agnisys, Aldec,Autodesk,Cadence Design Systems,Labcenter Electronics, Keysight Technologies, Mentor Graphics Corporation, Silvaco, Synopsys, Zuken.

Growth of semiconductor industry

The SIA (Semiconductor Industry Association) in October 2018, while representing the U.S leadership in semiconductor research, design and manufacturing had charted an increase of 12.7% from 2017 and marked the total revenue of US$ 41.8 Bn. Furthermore, the WSTS also forecasted a trajectory of 15.9% in 2018 and 2.6% in 2019. This growth in the semiconductor industry has raised the confidence of the electronic design automation market players in terms of revenue growth. The companies operating in the semiconductor landscape are not only anticipating a substantial rise in the revenue but are also respectively increasing their R & D spending. The year on year increase in R & D spending has have imposed a noteworthy thrust to the electronic design automation market during the recent past and is projected to continue to drive the market in the coming years.

As the semiconductor industry continues to be in strong up-cycle, the leaders in the electronic design automation market are expected to adopt a future-oriented approach by considering unconventional end-market such as artificial intelligence, autonomous vehicle and IoT. Additionally, the memory companies are also likely to witness a raise sales owing to bolstering demand for data centers smartphones and autonomous vehicle technologies. Convergence of myriad semiconductor end-user markets has resulted in significant industry expansion, which in response has driven the electronic design automation market for technology, software and automation.

Rising Penetration of IoT, Artificial Intelligence and virtual Reality

Smart homes, TVs, smartphones, Internet of Things, connected cars, artificial intelligence are that every aspect of human life that the consumer electronics industry has pervaded. The demand for consumer electronics across the globe has been largely driven by the desire of the consumers for bigger, newer and enhanced capabilities, which in turn has encouraged the sector to constantly explore innovations and technologies that not only encapsulate imagination of the people but are also affordable and relevant in terms of catering to their daily needs. In such cases the EDA software providers the electronic component manufacturers and technologists to design suitable prototype of the devices. Therefore, evolving consumer expectation and burgeoning demand of consumer electronics is expected to drive the EDA market in coming years.

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