seobhushan (12)

1
Electronic Design Automation Market valuation to
reach USD 20 Billion by 2027
2
Key Insights from Electronic Design Automation
Market

• Gone are the days when electronic system
  producers were manually working day and night to
  develop an electronic device, with some loops and
  holes and inaccuracies due to human error. In the
  era of electrification and automation, these
  manufacturers have now been massively shifting
  their interests to design automation, leaving the
  troubles of cumbersome working methods behind.
• EDA or electronic design automation tools have
  gained massive acclamation in the electrical and
  electronics industry today, owing to their
  ability to enable engineers to design and develop
  complex electronic circuits.
• One of the application segments, which is paving
  way for a lucrative growth pathway for electronic
  design automation market is the thriving consumer
  electronics industry. While the consumer
  electronics producers are working rigorously to
  address the demand put forth by electronics
  industry in terms of the rising need for compact
  and miniaturized smart devices, the dependence on
  EDA has gradually increased. A prominent reason
  behind this growth wave is the capability of EDA
  tools to design high-performance chips.

3
Regional Insights in Electronic Design Automation
Market

• It would be essential to mention that the
  advent of compute-intensive technologies such as
  AI and machine learning, is as well likely to
  propel the need for EDA tools for chip designing.
  With the proliferation of these technologies
  upbeat in the global economy, electronic design
  automation market is looking forward to taking
  hold of the largest share in the Latin America.
• What has been impelling the market standards in
  Latin America is the growing industrial,
  automotive, and manufacturing sectors. In 2017,
  the Government of Argentina announced a strategy
  to drive its automotive sector and produce an
  output of a million units by 2023 end.
• Meanwhile, the manufacturing space in Brazil is
  integrating advanced digital techniques like ML
  and AI, to bolster its global competitiveness. On
  top of that, the federal government is also
  supporting the ongoing digital transformation in
  the country to ensure wholesome economic
  development in the near future.

4

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5
Major Companies in Electronic Design Automation
Market

• Agnisys Inc.
• Aldec Inc.
• Altera Corporation
• Altium LLC
• Ansys Inc.
• Autodesk Inc.
• Cadence Design Systems Inc.
• EasyEDA
• Electromagenticworks Inc.
• Ferrochip
• Intercept Technology Inc.
• Invionics Software Inc.
• Keysight Technologies
• National Instruments Corporation
• Synopsys Inc
• Xilinx Inc.

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Industry Coverage

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