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(EDA) Electronic Design Automation Market Size Remuneration to Surpass US$ 14 Billion by 2024

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The growing demand for miniaturized electronic components is driving the Electronic Design Automation Market growth

— Electronic Design Automation Market is expected to exceed USD 14 billion by 2024. Growing applications of IoT technology in connected devices are driving the demand for these tools in the industry. Technological advancements and the integration of the technology in several devices, such as smartphones, smart wearables, laptops, and computers, are growing rapidly. The penetration of the technology across applications including consumer electronics and automobiles is growing the need for design tools in developing electronic components, which can be integrated into the devices to provide the internet connectivity.

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The growing demand for miniaturized electronic components is driving the electronic design automation market growth. These components are integrated into several devices such as smartphones, smart watches, and smart bands to provide several features and functions to the customers. Manufacturers are developing small electronic components to improve the design and shape of their products. These small components occupy lesser space, allowing the manufacturers to integrate additional technological components into their offerings. Design tools are utilized by the manufacturers in developing such miniaturized components, generating a high demand for these tools in the EDA market.

The growing adoption of System on Chips (SoC) technology in electronic devices is driving the growth of the electronic design automation market. Manufacturing of this technology requires the integration of several electronic components such as semiconductors and circuits into a chip that performs several functions in the device. These components require specific tools and techniques to design and integrate them on the chip, thereby driving the industry growth.

Semiconductor Intellectual Property (SIP) is expected to witness a high demand in the electronic design automation market. The growth in the consumer electronics sector is generating a high requirement for developing electronic components, which can be integrated into the devices to perform specific functions. Several factors such as technological advancements in multicore technology, and growing demand for SoC are driving the need for SIP. Several applications of SIP in telecom, automotive, and commercial sectors are growing the demand for these tools in the EDA market.

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The automotive sector is witnessing a high demand for these components in the electronic design automation market. Technological advancements and innovations in this sector are giving rise to the development of several ICs, semiconductors, and chips, which will provide additional functions in the vehicles. The growing adoption of IoT technology in connected cars is expected to drive the demand for these tools in the industry. Several automobile manufacturers are adopting this technology to manufacture connected vehicles with internet connectivity.

The Asia Pacific electronic design automation market is witnessing a high growth due to the high availability of consumer electronics manufacturers in the region and rapid technological advancements, providing a growth impetus. Several smartphone players in the region, such as Samsung and Nokia, are integrating new technologies into their offerings. The integration of several electronic miniaturized components into the devices requires these tools for developing these electronic components.

Key players operating in the electronic design automation market are CadSoft Computer, Cadence Design Systems, Intercept Technology, IncJEDA Technologies, Invionics, Keysight Technologies, Pulsonix, Sigasi, National Instruments, Solido Design Automation, Silvaco International, Mentor Graphics, Synopsys, Inc., Xilinx, Inc., and Zuken, Inc., among others. These players are targeting their offerings in the consumer electronics sector, where a high demand for these tools can be witnessed. They are competing based on the requirements and specifications of the customers in the EDA market.

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Table of Contents (TOC) of the report:

Chapter 4. Electronic design automation market, By Product
4.1. Electronic design automation market share by product, 2016 & 2024
4.2. Computer Aided Engineering (CAE)
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. IC physical design & verification
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Printed Circuit Board (PCB) and Multi-Chip Module (MCM)
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Semiconductor Intellectual Property (SIP)
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Services
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 5. Electronic design automation market, By Application
5.1. Electronic design automation 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 Content @ https://www.gminsights.com/toc/detail/electronic-design-automation-eda-market

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Source URL: https://marketersmedia.com/eda-electronic-design-automation-market-size-remuneration-to-surpass-us-14-billion-by-2024/88898784

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Release ID: 88898784

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