IC Physical Design and Verification Segment is Expected to Dominate the Global EDA Tools Market.
Growing need for compact electronic devices and the
expanding use of SoC technology across various industries, including
automotive, IoT, and AI are a
major factor attributable to the growth of the market.
According
to TechSci Research report, “Global EDA Tools Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”. The Global EDA
Tools is anticipated to project robust growth in the forecast period with a
CAGR of 8.24% through 2028, The main
factors propelling the market's expansion are the growing need for compact
electronic devices and the expanding use of SoC technology across various
industries, including automotive, IoT, and AI. The silicon sector has evolved
in recent years because of electronic design automation (EDA) techniques. EDA
is responsible for creating the design tools necessary for the IC design
process at a cost that enables the ecosystem to run profitably. Some of the
benefits of using EDA tools include reducing the amount of time needed to
develop complicated ICs, cutting manufacturing costs, eliminating manufacturing
defects, improving IC design and ease of use, etc.
According
to World Semiconductor Trade Statistics (WSTS), the semiconductor industry is
expected to grow by 10.9% in 2021, which is a significant growth compared to
the previous year's growth, approximately amounting to USD 488 billion. Owing
to this, various semiconductor vendors are expected to increase their R&D
budgets. For instance, in April 2021, Taiwan Semiconductor Manufacturing
Corporation ( TSMC) announced to spend USD 100 billion over the next three
years to expand its chip fabrication capacity and R&D.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on " Global EDA Tools Market"
Based
on Type, IC
Physical Design and Verification segment is expected to dominate the market
during the forecast period. IC physical design refers to the creation of
geometric representations of ICs, using EDA tools. EDA is used to divide the
chip into smaller blocks and then plan the specific space required for each
block to ensure maximum performance. These blocks are then placed, using before
and after clock synthesis.
The
recent technological advancements have been helping several chipset
manufacturers to make use of ASIC technology, mainly for 5G. The advent of
structured ASIC, having elements of both ASICs and field-programmable gate
arrays (FPGA), like architecture, has led to the cost of production becoming
cheaper compared to full-blown ASIC, which requires the addition of a
modifiable on top of the base ASIC layer. Mixed-signal chips, or integrated
circuits (ICs) featuring analog and digital circuitry, are a growing trend.
Mixed-signal architectures are becoming progressively and more necessary for
SoC and ASIC designers. This demand is influenced by industries including the
internet of things, communications, the automobile industry, and industrial
control. For instance, in July 2022, the mixed-signal verification software
Symphony Pro had a significantly updated version from Siemens EDA (previously
Mentor).
Based
on Region, North America is Expected to dominate the market. EDA tools often
design circuit boards, processors, and other complex electronics. The adoption
of EDA tools in industries such as consumer electronics, and automotive, is set
to increase demand for the market in North America. Also, growing developments in
the semiconductor industry and circuit manufacturing industry have raised the
market's prominence in the region. Also, some of the significant vendors of EDA
tools are headquartered in North America, such as Xilinx Inc., Ansys Inc.,
Keysight Technologies Inc., Cadence Design Systems Inc., and Synopsys Inc.
Some
North American suppliers have been investing in improving the company's product
lines and broadening the firm reach to meet the demand for EDA tools in the
region. For instance, in May 2022, Chipmaker Advanced Micro Devices Inc.
announced that the company intends to move some of its electronic design
automation workloads for chip design onto Google Cloud to expand the
capabilities of the company's data centers. This will allow taking advantage of
Google's most recent compute-optimized C2D virtual machine instances, which are
powered by 3rd Gen AMD EPYC processors, as well as advanced networking,
storage, and artificial intelligence capabilities. The United States is a
significant country in the semiconductor industry's manufacturing, design, and
research. The region's prominence drives the demand for exporting electronics
equipment and growing end-user industries that are significant consumers of
semiconductors, such as consumer electronics and the automotive industry. For
instance, the US semiconductor company, the Semiconductor Industry Association
(SIA), in February 2022, reported that revenues for the worldwide semiconductor
industry reached USD 555.9 billion in 2021, the highest yearly total ever and a
rise of 26.2% over the USD 440.4 billion total for 2020. In 2021, the
semiconductor industry shipped a record 1.15 trillion units as chip companies
increased output to meet the strong demand brought on by the worldwide chip
shortage.
Key
market players in the Global EDA Tools Market are following:-
- Altium
Limited
- Ansys
Inc.
- Cadence
Design Systems Inc.
- Keysight
Technologies Inc.
- Agnisys
Inc.
- Aldec
Inc.
- Lauterbach
GmbH
- Mentor
Graphic Corporation (Siemens PLM Software)
- Synopsys
Inc.
- Xilinx
Inc.
Download
Free Sample Report
Customers can also request for 10% free customization on
this report.
“The
global Electronic Design Automation (EDA) Tools market is driven by several key
factors that influence its growth and evolution. Firstly, the increasing demand
for semiconductor devices across various industries, including consumer
electronics, automotive, healthcare, and IoT, is a significant driver. EDA
tools are essential for designing and optimizing semiconductor components to
meet the growing demand for smaller, more efficient, and powerful electronic
systems. Secondly, the rapid advancements in semiconductor manufacturing
processes, such as shrinking process nodes and the integration of new
materials, drive the need for EDA tools that can adapt to these evolving
technologies. Furthermore, the growth of emerging technologies like IoT and AI
requires specialized hardware solutions, and EDA tools play a crucial role in
designing custom chips and systems tailored to these applications. Additionally,
the expansion of the global electronics industry, especially in emerging
markets like India and China, contributes to the increased adoption of EDA
tools. Overall, the EDA Tools market is propelled by the relentless pace of
innovation in semiconductor design and manufacturing, coupled with the
ever-growing demand for electronic devices and systems.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting firm.
EDA Tools
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
by Type (Computer-aided Engineering (CAE), IC Physical Design and Verification,
Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor
Intellectual Property (SIP), Services), by Application (Communication, Consumer
Electronics, Automotive, Industrial), By Region, Competition 2018-2028 has evaluated the future growth
potential of Global EDA Tools Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global EDA Tools Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com