Electronic Design Automation Software Market

1

• Electronic Design Automation Software Market Is
  Likely To Reach US 25.6 Billion By 2033
• Electronic design automation software market size
  is anticipated to reach US 11.2 billion in 2023
  and then grow at a CAGR of 8.6 to US 25.6
  billion by the end of 2033. 77 of the world's
  electronic automation market's revenue was
  generated by software for electrical design
  automation in 2022.
• According to this recent Fact.MR study, the
  market value of electronic design automation
  software increased globally between 2018 and
  2022 at a 5.1 CAGR, with the United States,
  China, and Germany holding the largest market
  shares.
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• Why Is Electronic Design Automation Software
  Demand Growing So Quickly?
• "Increasing Chip Usage in Thousands of Products
  to Speed Market Growth"
• Chips are increasingly present in many kinds of
  products. Currently, there is a 30 gap between
  demand and supply for chips, according to the
  chip design and manufacturing division of
  Keysight, a renowned vendor of EDA software. EDA
  software is required for the design and
  production of all semiconductors.
• EDA software will continue to be in demand to
  support new design functionalities and
  validation initiatives. Better software and
  consultancy services from EDA businesses are
  required for design engineers. The growing
  popularity of chips in consumer markets is a very
  beneficial development for EDA software
  providers, whose development and success are
  largely dependent on design beginnings and wins.
• Competitive Landscape
• In February 2022, Intel announced a partnership
  with the worlds top EDA software firms Siemens
  EDA, Ansys, Cadence, and Synopsis as a part of
  the 'IFS Acceleration' program to build an
  ecosystem to support and service its new foundry
  service business. This association will let
  software providers fine-tune their chip design
  software for Intels latest process and
  packaging technologies.

2

• Pulsic Limited
• Siemens
• Silvaco, Inc.
• Synopsis, Inc.
• Tabula
• Taiwan Semiconductor Manufacturing Company
  Limited
• WestDev 2022
• Zuken
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  p_id7272
• Regional Analysis
• By 2033, the U.S. market is projected to produce
  US 5.5 billion, according to Fact.MR's
  projection. Through 2033, this market's expected
  CAGR is 7.6. A developed country like the United
  States of America has drawn significant interest
  from manufacturers due to its enormous
  industrialization and urbanization.
• This regional market will grow as EDA tool usage
  increases in sectors including consumer
  electronics and automotive. Over the years, the
  manufacturing and semiconductor industries have
  made significant improvements, which has led to
  significant market expansion.
• China's expanding demand for cutting-edge
  technology in consumer electronics, cars, and
  smart home appliances is anticipated to fuel
  market expansion. Additionally, Chinese software
  vendors are creating their own EDA software in
  response to the U.S. government's ongoing
  prohibition on EDA tools, which will create a
  lot of chances in the domestic market.

3

• Perpetual (One-time License)
• Subscription
• By Deployment
• Standalone
• Web-based
• By End Use
• Educational Training
• Professional
• Aerospace Defense
• Automation and Robotics
• Automotive
• Discrete Manufacturing
• Electrical and Electronics
• Healthcare Devices