What Does The Strategic Industry Forecast Indicate For The Electronic Design Automation (EDA) Tools Market Through 2029?
How Has The Electronic Design Automation (EDA) Tools Market Performed Historically, And What Growth Trajectory Is Expected Ahead?
The electronic design automation (eda) tools market size has grown strongly in recent years. It will grow from $16.67 billion in 2024 to $18.11 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to integrated circuit complexity, demand for faster time-to-market, advancements in semiconductor technology, globalization of design teams, rise of functional verification challenges.
The electronic design automation (eda) tools market size is expected to see strong growth in the next few years. It will grow to $25.93 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to AI (artificial intelligence) and machine learning integration, rapid growth in IoT and edge computing, demand for agile design methodologies, expansion of design complexity across industries, and demand for agile design methodologies. Major trends in the forecast period include advancements in analog or mixed-signal (AMS) design, enhanced support for open-source EDA tools, integration of hardware security features, technological advancements, and new product innovation.
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What Are The Main Market Drivers Shaping The Progression Of The Electronic Design Automation (EDA) Tools Market?
The growing adoption of the internet of things (IoT) is expected to propel the growth of the electronic design automation (EDA) tools market going forward. The internet of things (IoT) refers to a network of physical objects, devices, and systems that have sensors, software, and network connectivity built in to enable them to gather and exchange data with other devices. The adoption of IoT (Internet of Things) is rapidly increasing due to its transformative capabilities across various industries. IoT is helpful in electronic design automation (EDA) tools by making it possible to include sensor and Internet of Things solutions into the processes of IC (integrated circuit) design, verification, manufacturing, and testing, ultimately improving the effectiveness and performance of the electronic systems that are built. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the growing adoption of the internet of things (IoT) is driving the growth of the electronic design automation (EDA) tools market.
What Leading Segment Types Are Used To Analyze The Electronic Design Automation (EDA) Tools Market?
The electronic design automation (eda) toolsmarket covered in this report is segmented –
1) By Type: Computer-Aided Engineering (CAE), Integrated Circuit Physical Design And Verification, Printed Circuit Board And Multi-Chip Module (PCB And MCM), Semiconductor Intellectual Property (SIP), Services
2) By Deployment Modes: On-Premises, Cloud-Based
3) By End-Use: Aerospace And Defense, Automotive, Consumer Electronics, Industrial, Healthcare, Other End-Users
Subsegments:
1) By Computer-Aided Engineering (CAE): Simulation And Analysis Tools, Signal Integrity Analysis, Thermal Analysis Tools
2) By Integrated Circuit Physical Design And Verification: Place And Route Tools, Design Rule Checking (DRC) Tools, Layout Versus Schematic (LVS) Tools
3) By Printed Circuit Board And Multi-Chip Module (PCB And MCM): PCB Design Software, MCM Design Tools, Schematic Capture Tools
4) By Semiconductor Intellectual Property (SIP): Soft IP Cores, Hard IP Cores, Verification IP
5) By Services: Consulting Services, Training And Support Services, Custom Design Services
What Influential Trends Are Gaining Momentum Within The Electronic Design Automation (EDA) Tools Market?
Major companies operating in the electronic design automation (EDA) tools market are developing advanced technologies such as AI Solutions for Chip Design and AI Chip Development | Synopsys to gain a competitive edge in the market. AI Solutions for Chip Design and AI Chip Development | Synopsys utilizes cloud computing to improve efficiency and scalability in design automation workflows. They enable on-demand resource provisioning and platform abstraction and foster collaborative development environments, enhancing flexibility and productivity. For instance, in March 2022, Synopsys, Inc., a US-based software development and electronic design automation company, launched Synopsys.ai, a suite of AI-powered solutions for designing, verifying, testing, and manufacturing advanced digital and analog chips. This full-stack, AI-driven EDA suite is designed to accelerate the chip design workflow by enabling companies to build more AI-driven optimization and data analytics capabilities across all stages of IC (integrated circuit) chip development.
Who Are The Core Market Contributors Recognized Within The Electronic Design Automation (EDA) Tools Market Ecosystem?
Major companies operating in the electronic design automation (EDA) tools market are Siemens Aktiengesellschaft, Intel Corporation, Arrow company, Agnisys Inc., Keysight Technologies Inc., Synopsys Inc., Cadence Design Systems Inc., Forte Design Systems, Xilinx Inc., ANSYS Inc., Microsemi Corporation, National Instruments Corporation, JEDA Technologies Inc., Mentor Graphic Corporation, Altair Engineering Inc., AWR Corporation, Faraday&Future Inc., Zuken Inc., Magwel NV, Altium Limited, Silvaco Inc., Lauterbach GmbH, Computer Simulation Technology AG, EnSilica Limited, Aldec Inc., EMA Design Automation Inc., ELECTRO-SYSTEM CO. LTD., MunEDA GmbH, Intercept Technology Inc., Labcenter Electronics Ltd., Pulsic Limited
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Which Geographical Areas Are Expected To Witness The Most Substantial Electronic Design Automation (EDA) Tools Market Expansion Ahead?
Asia-Pacific was the largest region in the electronic design automation (EDA) tools market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic design automation (EDA) tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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