Electronic Design Automation Market Emerging Growth Analysis, Future Demand and Business Opportunities 2024
Date: 2020-06-12   Author: Ronak Bora  Category: #technology

Electronic Design Automation Market Emerging Growth Analysis, Future Demand and Business Opportunities 2024

North America electronic design automation market is projected to make a significant contribution to the global industry landscape over the forecast timeframe. Increasing use of smart electronic systems that are used in connected devices and smart homes are crucial drivers of the EDA market in the region.

The global electronic design automation market is anticipated to witness an exponential period of growth over the coming years. Mounting demand for Electronic Design Automation (EDA) tools to design and produce electronic systems and products like Internet of Things (IoT), deep learning, augmented reality, virtual reality, and autonomous vehicle systems may stimulate industry demand.

The tremendous ongoing growth of technologies, like IoT, smart grids, smart metering, drone technology, and augmented reality across the industrial sector is impelling organizations to adopt these tools, thereby driving global Electronic Design Automation market growth.

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The consumer electronics application segment is anticipated to dominate Electronic Design Automation market growth owing to the increasing use of electronic devices across the globe. Demand for electronic devices like smartwatches, smartphones, tablets, and PCs among others is growing at a fast pace. These devices commonly use components like semiconductors and can connect to other components to communicate through a burgeoning IoT connected network. 

These components are the essential pieces of technology used in modern electronics. They need sensors, memory, and microcontrollers to communicate with each other to perform their tasks. The basic infrastructure used to connect these devices is linked to the continuous innovations occurring in the semiconductor technology. 

The rising adoption of tablets and smartphones over the past few years has increased the use of proximity sensors, camera modules, touchscreens, and accelerometers. Electronic tools are necessary to design these devices, which creates good conditions for Electronic Design Automation market growth.

The SIP (Semiconductor Intellectual Property) market is projected to grow at a healthy rate over the forecast timeframe. In 2016, the SIP product segment was leading industry growth, accounting for more than 30% of the overall Electronic Design Automation market share.

SIP applications are witnessing significant growth within the consumer electronics sector. This demand is coming from the growing use of mobile devices like smartphones and tablets.

A lot of R&D goes in the development of these smart devices. This has increased the complexity of chip design, which has caused an increase in the use of new cores or IP block. Since mobile manufacturers are focused on offering improved performance at limited chip size for end users, use of SIP is likely to increase.

Many component manufacturers are turning to technologically advanced methods for reducing the time taken for design and production of these electronic components. Additionally, high penetration and early adoption of technology is also helping the Electronic Design Automation market grow throughout the region.

The healthcare sector of the region is also one of the major driving factors of the market due to rising government investments for infrastructure development. Technological revolution, tightening government legislation, increased focus on patient safety would likely augment use of electronic designing tools, further propelling the market share in the region.    

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Some of the prominent players in the Electronic Design Automation market are Synopsys, Inc., Mentor Graphics, Cadence Design Systems, CadSoft Computer, Zuken, Inc., National Instruments, Solido Design Automation, Xilinx, Inc., Pulsonix, Intercept Technology, Inc., JEDA Technologies, Keysight Technologies, and Invionics, among others.

Table of Contents (ToC) of the report:

Chapter 5.   Electronic Design Automation Market, By Application

5.1.  EDA market share by application, 2016 & 2024

5.2.  Aerospace & defense

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.3.  Automotive

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 – 2024

5.4.  Consumer electronics

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast, by region, 2013 – 2024

5.5.  Industrial

5.5.1. Market estimates and forecast, 2013 - 2024

5.5.2. Market estimates and forecast, by region, 2013 – 2024

5.6.  Medical

5.6.1. Market estimates and forecast, 2013 - 2024

5.6.2. Market estimates and forecast, by region, 2013 – 2024

5.7.  Telecommunications

5.7.1. Market estimates and forecast, 2013 - 2024

5.7.2. Market estimates and forecast, by region, 2013 – 2024

5.8.  Others

5.8.1. Market estimates and forecast, 2013 - 2024

5.8.2. Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/electronic-design-automation-eda-market



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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