Electronic Design Automation Market expected to reach $18.1 billion by 2026

Electronic Design Automation Market expected to reach $18.1 billion by 2026
Electronic Design Automation Market
[236 Pages Report] The Electronic Design Automation Market size is expected to reach USD 18.1 billion by 2026 from USD 11.5 billion in 2020, registering at a CAGR of 7.7%.

According to a research report Electronic Design Automation Market with COVID-19 Impact Analysis by Product Category (IC Physical Design & Verification), Deployment Mode (On-premises, Cloud-based), End-Use Application, End User, and Region – Global Forecast to 2026″ published by MarketsandMarkets, The global electronic design automation was valued at USD 11.5 billion in 2020 and is estimated to reach USD 18.1 billion by 2026, registering a CAGR of 7.7% during the forecast period.  
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55791440

Browse 169 market data Tables and 60 Figures spread through 235 Pages and in-depth TOC on “Electronic Design Automation Market – Global Forecast to 2026″View detailed Table of Content here
https://www.marketsandmarkets.com/Market-Reports/electronic-design-automation-market-55791440.html

 

Electronic Design Automation Market

The incorporation of electronic design automation for end users such as automotive industry, consumer electronics industry, and healthcare industry, are among the factors driving the growth of the electronic design automation market.

By product category, the IC physical design & verification segment is projected to hold the largest share of electronic design automation market during the forecast period

The market for the IC physical design & verification segment is expected to grow at the highest CAGR during the forecast period. The complexity of semiconductor verification and manufacturing requirements is constantly rising, making it increasingly difficult for IC design companies to provide cutting-edge, competitive products on a timely basis to a fast-moving market. To cater to the demand and achieve set goals, companies require electronic design automation solutions that can offer reliable results and assist them in achieving their aims.

By deployment mode, cloud-based technology is projected to witness the growth at higher CAGR during the forecast period

The cloud-based is expected to grow at a higher CAGR during the forecast period. As the cloud-based design and verification are expected to provide excellent outcomes in high-speed operational processes, reduce costs associated with the manufacturing of semiconductor chips, and allow companies to reduce time to market and speed up innovation while maintaining or lowering operating costs, it is expected to grow with the highest CAGR.

By end-use application, the microprocessor and microcontroller segment is projected to hold the largest share of electronic design automation market during the forecast period

The memory management units segment of the electronic design automation market is projected to record the highest CAGR during the forecast period. The increasing digitalization, which has accelerated the need for faster processors and efficient memory management tools have accelerated the growth. Companies have been using organic and inorganic growth strategies for the development of the segment.

By end user, the consumer electronics industry is projected to witness growth at the highest CAGR during the forecast period

The consumer electronics industry held the largest size of the electronic design automation market in 2020 and a similar trend is likely to be observed during the forecast period. This segment has witnessed rapid growth in the last few years owing to factors such as advancements in technologies used in earphones and headphones; rising demand for technologically advanced, large-size television sets; increasing disposable income and spending capacity of consumers; and growing penetration of smartphones. Further, the top companies have been enhancing their product portfolios and cracking deals by signing agreements with various companies to improve their products by adopting electronic design automation solutions.

By region, APAC to hold the largest share of the electronic design automation market throughout the forecast period

In 2026, the electronic design automation market in APAC is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the strong foothold of China, Japan, Taiwan, and South Korea in the semiconductor industry. The region is home to some of the largest semiconductor companies, such as Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Samsung Electronics (South Korea), Semiconductor Manufacturing International Corporation (China), and HiSilicon (China). Additionally, with the ongoing global chip shortage, the governments of countries across the globe are making investments in the semiconductor industry, which is expected to boost market growth.

Cadence Design Systems, Inc. (US); Synopsys, Inc. (US); Siemens (Germany); ANSYS, Inc. (US); Keysight Technologies, Inc. (US); Xilinx, Inc. (US); eInfochips (US); Altium Limited (Australia); Zuken Inc. (Japan); Silvaco, Inc. (US); are some of the key players in the electronic design automation market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: Marketsandmarkets pvt ltd
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/electronic-design-automation-market-55791440.html