Electronic Design Automation Market Worth $17.47 Billion by 2030

Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography—Global Forecast to 2030’.

According to this latest publication from Meticulous Research^®, the global electronic design automation market is expected to reach $17.47 billion by 2030 at a CAGR of 10.7% during the forecast period 2023–2030. The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing and the increasing adoption of connected devices. However, the availability of open-source EDA software restrains the growth of this market. Additionally, the growing adoption of cloud technologies across SMEs is expected to create significant growth opportunities for the stakeholders in this market. However, constant technological changes are expected to pose a challenge to market growth.

The global electronic design automation market is segmented based on offering, deployment mode, and tool type. The study also evaluates industry competitors and analyses the market at the country level.

Based on offering, the global electronic design automation market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the global electronic design automation market. The large market share of this segment is attributed to the growing demand for complex integrated circuits and the increasing adoption of connected devices. However, the services segment registered the highest CAGR during the forecast period.

Based on deployment mode, the global electronic design automation market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the global electronic design automation market. The large market share of this segment is attributed to the rising adoption of connected devices, the increasing demand for complex integrated circuits, and technological advancement in consumer electronics. Furthermore, this segment is slated to register the highest CAGR during the forecast period.

Based on tool type, the global electronic design automation market is segmented into design tools, verification tools, and simulation tools. In 2023, the design tools segment is expected to account for the largest share of the global electronic design automation market. The large market share of this segment is attributed to the rise of very large-scale integration (VLSI) systems and the increasing complexity of ICs and PCBs. This segment is also slated to register the highest CAGR during the forecast period.

Based on geography, the electronic design automation market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global electronic design automation market. The growth of this region is attributed to the increasing number of electronic manufacturing companies and rising demand for consumer devices. As a result, the demand for electronic design automation solutions in the region is expected to grow during the forecast period.

Key Players:

The key players operating in the global Electronic Design Automation market are Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.), Zuken (Japan), Silvaco, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (U.S.), EnSilica (U.K.), EMWorks, Inc. (Canada), and Aldec, Inc. (U.S.).

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Key questions answered in the report:

Which are the high-growth market segments in terms of offering, deployment mode, tool type, and geography?
What is the historical market size of the electronic design automation market across the globe?
What are the market forecasts and estimates from 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the global electronic design automation market?
Who are the major players in the global electronic design automation market?
Who are the major players in various countries, and what shares do they hold?
How is the competitive landscape?
What are the recent developments in the global electronic design automation market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global electronic design automation market, and how do they compete with other players?