The global electronic design automation software market size is anticipated to reach USD 22.21 billion by 2030, expanding at a CAGR of 9.1% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing usage of advanced electronic components across different areas of healthcare, automotive, and consumer electronic sectors is driving Electronic Design Automation (EDA) software market growth. Apart from this, the proliferation of the Internet of Things (IoT) and connected devices further promotes EDA software market advancement.
Miniaturization of devices and chips is expected to create lucrative opportunities for EDA software. This software assists chipmakers in lowering the errors in Integrated Circuit (IC) and chips, thereby driving the electronic design automation software industry growth. The exponential growth of the integrated circuits market is driving the need for electronic design automation software. The software is increasingly being adopted for designing electronic systems such as printed circuit boards and integrated circuits, supporting the growth of the EDA market.
Furthermore, developments in technology, growing digitization, growth of the electronics manufacturing industry, and increasing adoption of advanced rendering & simulation tools by hardware designers are expected to positively influence the electronic design automation software industry growth over the forecast period. Furthermore, the increasing acceptance and awareness of smart fitness devices are factors enabling electronic design companies to invest in innovative design software tools for designing enhanced & compact products, thereby propelling the EDA software market growth over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Electronic Design Automation Software Market
Electronic Design Automation Software Market Report Highlights
• The services segment is expected to register a CAGR of 10.6% from 2023 to 2030. The segment growth can be attributed to the increasing proclivity of OEMs to outsource their design needs. Furthermore, electronic circuit boards are in high demand in the industry due to their increasing importance in a variety of vital electronic products such as mobile phones and tablets
• The cloud segment is expected to register a CAGR of 10.8% from 2023 to 2030. Cloud-based deployment allows for faster distribution, less maintenance, lower costs, and more scalability
• The healthcare segment is expected to register a CAGR of 11.5% from 2023 to 2030. The segment growth can be attributed to the benefits of EDA software in healthcare, such as lower costs, improved patient outcomes, faster design & development, enabled regulatory compliance of medical devices, and simulation and testing of medical equipment
• The microprocessors & controllers segment is expected to register a CAGR of 9.5% from 2023 to 2030. The increased use of microprocessors in consumer devices such as smartphones, personal computers (PCs), and laptops is expected to drive global demand for the segment
• Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period at a CAGR of 9.6%. A surge in demand for electronic devices together with the prevalence of key electronic component manufacturers in Greater China is expected to drive regional growth
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Electronic Design Automation Software Market Segmentation
Grand View Research has segmented the global electronic design automation software market based on product, deployment, application, end-use, and region:
Electronic Design Automation (EDA) Software Product Outlook (Revenue, USD Billion, 2018 - 2030)
• Computer-aided Engineering (CAE)
• IC Physical Design and Verification
• Printed Circuit Board and Multi-chip Module (PCB and MCM)
• Semiconductor Intellectual Property (SIP)
• Services
Electronic Design Automation (EDA) Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• Cloud
• On-premise
Electronic Design Automation (EDA) Software Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Aerospace and Defense
• Automotive
• Healthcare
• Industrial
• Consumer Electronics
• Others
Electronic Design Automation (EDA) Software End-use Outlook (Revenue, USD Billion, 2018 - 2030)
• Microprocessors & Controllers
• Memory Management Unit (MMU)
• Others
Electronic Design Automation (EDA) Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o U.A.E
o Saudi Arabia
o South Africa
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