Electronic Design Automation (EDA) Market to Witness Significant Growth of USD $22.4 Billion with 7.9% CAGR by 2029
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What Is the Forecasted Market Size of the Electronic Design Automation (EDA) Market by 2029?
The electronic design automation (eda) market size has grown strongly in recent years. It will grow from $15.12 billion in 2024 to $16.52 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growing demand for EDA tools in the automotive, rising adoption of finfet architecture, rising penetration of IoT, VR, and AI, growing demand for smaller and portable electronic devices, growing demand for machine learning for EDA.
The electronic design automation (eda) market size is expected to see strong growth in the next few years. It will grow to $22.4 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the increasing demand for complex integrated circuits (ICS), growing miniaturization in various industries, the growing awareness among consumers for fitness, growth of internet of things (IoT) and connected devices, increasing usage of field-programmable gate arrays (FGGAS) in data centers. Major trends in the forecast period include technological advancements, 5G technology implementation, usage of IoT devices, usage of soc technology, machine learning capabilities with AI.
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What Are the Major Drivers Influencing the Electronic Design Automation (EDA) Market?
The increasing demand for complex integrated circuits (ICs) is expected to propel the growth of the electronic design automation (EDA) market going forward. Complex integrated circuits (ICs) are compact electronic chips made up of interconnected components, including resistors, transistors, and capacitors, built on a single piece of semiconductor material, such as silicon. EDA tools help engineers to efficiently navigate the complexities of developing advanced integrated circuits, ensuring functionality, performance, and manufacturability meet the desired specifications. These tools can compile, analyze, and simulate these HDL descriptions to verify the correctness of the design and ensure it meets the required specifications. For instance, in October 2024, according to the Semiconductor Industry Association (SIA), a US-based trade association and lobbying group, global semiconductor sales reached $53.1 billion in August 2024. This represents a 20.6% increase compared to the $44.0 billion recorded in August 2023 and a 3.5% rise from the $51.3 billion achieved in July 2024. Therefore, the increasing demand for complex integrated circuits (ICs) is driving the growth of the electronic design automation market.
Which Are the Leading Segments in the Electronic Design Automation (EDA) Market by Revenue?
The electronic design automation (eda)market covered in this report is segmented –
1) By Type: Computer Aided Engineering (CAE), Semiconductor Intellectual Property (SIP), Integrated Circuit (IC) Physical Design And Verification, Printed Circuit Board (PCB) And Multi-Chip Module (MCM)
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Application: Microprocessors And Microcontrollers, Memory Management Units, Other Applications
4) By End User: Automotive Industry, Healthcare Industry, Aerospace And Defense Industry, Telecom And Data Centre Industry, Consumer Electronics Industry, Industrial Sector, Other End-Users
Subsegments:
1) By Computer Aided Engineering (CAE): Simulation Software, Analysis Tools, Testing And Validation Tools
2) By Semiconductor Intellectual Property (SIP): Soft IP, Hard IP, Mixed-Signal IP
3) By Integrated Circuit (IC) Physical Design And Verification: Layout Design Tools, Place And Route Tools, Design Rule Checking (DRC) Tools, Layout Versus Schematic (LVS) Tools
4) By Printed Circuit Board (PCB) And Multi-Chip Module (MCM): PCB Design Tools, MCM Design Tools, Design For Manufacturing (DFM) Tools, Schematic Capture Tools
What Are the Major Trends Impacting the Electronic Design Automation (EDA) Market?
Major companies operating in the electronic design automation (EDA) market are developing innovative products such as Tessent RTL Pro to gain a competitive edge in the market. Tessent RTL Pro is a software solution designed to help integrated circuit (IC) design teams streamline and accelerate a broad array of critical design-for-test (DFT) tasks for their next-generation designs. For instance, in October 2023, Siemens AG, a Germany-based automation company that designs, develops, and manufactures products, launched the Tessent RTL Pro advanced software solution. This innovative software automates the analysis and insertion of test points, wrapper cells, and x-bounding logic earlier in the design flow, enabling engineers to identify and address testability issues at the earliest stages of design. Tessent RTL Pro works with Siemens' Tessent DFT tools to deliver industry-first functionality, allowing customers to reduce design turn-around-time and improve time-to-market.
Who Are the Leading Players in the Electronic Design Automation (EDA) Market?
Major companies operating in the electronic design automation (EDA) market are Siemens AG, Oracle Corporation, SAP SE, Advanced Micro Devices Inc., Dassault Systemes, Keysight Technologies Inc., Synopsys Inc., Autodesk Inc., Cadence Design Systems Inc., Werner Enterprises, Xilinx Inc., Ansys Inc., National Instruments Corp., MathWorks Inc., eInfochips Private Limited, Mentor Graphics Corporation, Altium Limited, BluJay Solutions Ltd., Zuken Inc., Silvaco Inc., Aldec Inc., Agnisys Inc., Labcenter Electronics Ltd., Intercept Technology Inc., Sigasi NV, Altair Engineering Inc., Boldport Limited, Dolphin Design, EasyEDA, EnSilica plc, Eremex Ltd.
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What Are the Opportunities and Challenges for Electronic Design Automation (EDA) Market Across Regions?
North America was the largest region in the electronic design automation (EDA) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic design automation (EDA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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