iCrowdNewswire Jan 13, 2021 6:00 AM ET
Global Electronic Design Automation (EDA) Market
The Electronic Design Automation is defined as the set of software algorithms that are required for designing of complex next generation electronics systems or products which includes printed circuit boards and integrated circuits along with others present in the market. Electronic Design Automation enables engineers to design, analyze, and stimulate the semiconductor chips encompassing algorithms and methodologies for designing of VLSI Circuits.
The increase in growth of Internet of Things (IoT) coupled with connected devices is expected to boost the global electronic design automation (EDA) market growth during this forecast period. Furthermore, the rise in adoption of sensors, the revenue for the IoT industry from sensing devices will positively influence the market growth. Also, the increase in advancements in the consumer electronics industry and the growing popularity of EDA for designing the modern processors are also expected to propel the global electronic design automation (EDA) market growth during this forecast timeline. Moreover, the electronic design automation solutions are getting smarter with the integration of cutting edge technology and reducing the workload of design engineers. In addition the increase in adoption and demand from automotive sector across the globe will support the market growth.
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Unorganized sector and intellectual property issues and uncertain economic conditions in several countries across the globe are the major challenging factors which expected to hamper the global electronic design automation (EDA) market growth over the forecast period. Also, the increase in concerns related to the Moore’s Law may affect the market growth.
Market Segmentation
The Global Electronic Design Automation (EDA) Market is segmented into product such as Computer Aided Engineering, IC Physical Design & Verification, Multi-Chip Module, and Others. Further, market is segmented into Automotive, Aerospace & Defense, Healthcare, Industrial, and Others.
Also, the Global Electronic Design Automation (EDA) Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Synopsis, Inc., Altium LLC, Vennsa Technologies, Mentor, Cadence Design Systems, Inc., ANSYS, Inc., Silvaco, Inc., etc.
Market Taxonomy
By Product
- Computer Aided Engineering
- IC Physical Design & Verification
- Multi-Chip Module
- Others
By Application
- Automotive
- Aerospace & Defense
- Healthcare
- Industrial
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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