The global electronic design automation tools market is anticipated to grow at 9.48% CAGR during 2021-2027 owing to the rising demand for complex integrated circuits (ICs), technologically developed consumer electronics, increasing precision of semiconductor devices, rising adoption of FinFET architecture to design modern processors, increasing penetration of IoT, AI, and VR, and increased adoption of connected devices will fuel the growth in the region. The expansion of cloud computing platforms and the rising complexity of SoC designs will spur the growth of the EDA software market. The EDS tools are helping chip manufacturing companies to design and manufacture complex chips at less cost in a short span of time. Nevertheless, the industry verticals are rapidly using IC design and verification tools to perform the placement and routing of circuits automatically on an IC or ASIC, thereby boosting the market of the electronic design automation (EDA) tools.
The COVID-19 outbreak has had an adverse impact on the electronic design automation (EDA) tools market which has resulted in decreasing subscription of electronic design automation. However, the demand is anticipated to rise owing to the rising production volume of semiconductor chips.
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Based on product type, the global EDA tools market is divided into printed circuit board (PCB) and multi-chip module (MCM), computer-aided engineering (CAE), semiconductor intellectual property (SIP), IC physical design & verification, and services. The IC physical design & verification segment is anticipated to have a high CAGR during 2021-2027 owing to the rising complexity of IC designs and mounting demand to provide high accuracy and precision in semiconductor devices. Thus IC design & verification will automatically perform the placement and routing of circuits on an IC or ASIC.
North America dominates the electronic design automation tools market owing to the adoption in various industries like consumer electronics, automotive, etc., and the increased advancement in the semiconductor industry and circuit manufacturing industry. Moreover, the presence of industry players like Ansys, Inc., Cadence Design Systems Inc., etc and continuous investment to upgrade the offerings and expansion will fuel the growth of Electronic Design Automation Tools in the region.
August 2021, Cadence Design Systems, Inc. and Tower Semiconductor have partnered to launch a silicon-verified SP4 TRFSOI switch reference design flow via the Virtuoso Design Platform and RF solutions The flow determines the advantages of having a unified design environment for chip and package co-design.
The key players in the electronic design automation (EDA) tools industry: Synopsys, Cadence Design Systems Inc., Mentor Graphics, Zuken, EEsoF.
Source: VynZ Research
