The increase in demand for compact electronic components required for smart wearable devices, electronic gadgets & medical equipment, advancement in System on Chip (SoC), and surge in penetration of mobile & wireless devices, growing adoption of AI & IoT devices are the major factors that drive the growth of the electronic design automation software market.
In addition, the rise in the need for remote accessibility also boosts the growth of the EDA software market. However, a lack of expertise in virtualization is anticipated to hamper the EDA market growth. On the contrary, the rise in demand for smaller electronic devices & increase in demand for machine learning in EDA to provide lucrative opportunities for the electronic design automation software market growth in the coming years.
Download Sample Report (Get Full Insights in PDF – 267 Pages) at: https://www.alliedmarketresearch.com/request-sample/5805
According to type, the integrated circuit (IC) physical design & verification segment is expected to witness significant growth in the overall electronic design automation software market during the forecast period. This is attributed to the surge in complexity of IC designs and rise in demand for great accuracy and precision of semiconductor devices.
In addition, the end-users are increasingly adopting IC design and verification EDA tools to automatically perform the placement and routing of circuits on an IC or application-specific integrated circuit (ASIC). Cloud-based IC physical designing EDA tools are also getting attention in the EDA software market. Cloud computing is enabling end users to gain instant access to the CPU resources required to attain their physical verification.
By application, the consumer electronics segment accounted for the highest electronic design automation software market share in 2019, owing to continuous advancements in consumer electronics such as smartphones, laptops, desktops, tablets, cameras and many more.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5805
The EDA software is also expected to meet the unfulfilled need for methods, models and tools that would permit quicker and more accurate design and verification of microelectronic systems and circuits which drives the growth of the electronic design automation software industry.
As per region, the global electronic design automation software market was dominated by North America in 2019. The major presence of leading market vendors developing electronic design automation software and early adoption of advanced technology such as IoT & AI in North America are the major drivers for the electronic design automation software market growth. In addition, an increase in demand from sectors, such as automotive, medical, and communications, among other industry verticals in North America further propel the market growth in this region.
The outbreak of COVID-19 is anticipated to have a significant impact on the growth of the electronic design automation software market. Various industries are majorly hit by lockdowns imposed in many countries, and the spending on electronic design automation software by end users is expected to slow down during this pandemic.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
This is attributed to the disruptions in the supply chain & shortage of raw materials in the semiconductor industry. However, EDA market vendors are upgrading their offerings. For instance, in March 2020, Synopsys declared a major innovation in electronic design automation with the introduction of DSO.ai (Design Space Optimization AI), which is the autonomous AI application for chip design. Such innovations are further expected to boost the EDA software market growth during the forecast period.
The global electronic design automation software market analysis includes some of the key market players such as ANSYS, Inc., Altair, Altium LLC, Aldec, Inc., Autodesk, Cadence Design Systems, Inc., Keysight Technologies, Mentor (a Siemens Business), Silvaco Inc. and Synopsys.
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter