Global Electronic Design Automation Software Market Report and Forecast 2024-2032

According to the report, the global electronic design automation software market size reached approximately USD 12.73 billion in 2023. Aided by technological advancements and innovations, the market is projected to grow at a CAGR of 9.40% between 2024 and 2032, reaching a value of around USD 28.67 billion by 2032.

Electronic design automation (EDA) software is a suite of tools used by engineers and designers to facilitate the creation, analysis, and verification of electronic systems and integrated circuits. EDA software plays a critical role in the development of electronic products, enabling designers to manage the complexities of modern electronics with precision and efficiency.

The global electronic design automation software market is experiencing substantial growth and transformation, driven by advancements in technology, increased complexity of electronic designs, and evolving market demands. This market, which encompasses software tools used for designing and verifying electronic systems and integrated circuits, is shaped by several key trends that are influencing its development and future direction.

One of the most significant electronic design automation software market trends is the growing complexity of electronic designs. As electronic systems become increasingly intricate, with more integrated components and higher performance requirements, there is a greater demand for sophisticated EDA tools that can manage this complexity. Modern EDA software must support advanced design methodologies, such as system-on-chip (SoC) and multi-die designs, to accommodate the intricate needs of today’s electronics. The rise of applications such as 5G, artificial intelligence (AI), and the Internet of things (IoT) is driving the need for high-performance, high-density electronic designs, further fuelling the demand for advanced EDA solutions. EDA tools are evolving to provide enhanced capabilities for designing, simulating, and validating these complex systems, ensuring that they meet performance and reliability standards.

Another notable trend aiding the global electronic design automation software market growth is the increasing integration of machine learning (ML) and artificial intelligence (AI) technologies into EDA software. AI and ML are being leveraged to enhance various aspects of the design and verification process, including automation, optimisation, and predictive analytics. AI-powered EDA tools can analyse vast amounts of design data to identify patterns, optimise design parameters, and predict potential issues before they arise. This integration of AI and ML not only accelerates the design process but also improves the accuracy and efficiency of electronic design. As AI and ML technologies continue to advance, their role in EDA software is expected to become more prominent, further transforming how electronic designs are created and validated.

The shift towards cloud-based EDA solutions is another significant trend expanding the electronic design automation software market value. Cloud computing offers several advantages, including scalability, flexibility, and cost-effectiveness, which are particularly appealing for EDA applications. Cloud-based EDA tools enable design teams to access and collaborate on design projects from anywhere, streamline the design process, and leverage cloud resources for intensive simulations and analyses. This trend towards cloud adoption is supported by the increasing need for remote collaboration, the growing complexity of designs, and the desire to reduce the capital expenditure associated with on-premises infrastructure. As cloud technology continues to evolve, it is expected to further enhance the capabilities and accessibility of EDA software.

The global electronic design automation software market is also witnessing a rise in the adoption of integrated EDA platforms that offer a comprehensive suite of tools for different stages of the design process. Integrated platforms provide a unified environment for design, simulation, verification, and manufacturing, enabling more efficient workflows and better collaboration among design teams. These platforms are designed to address the challenges of managing complex designs by providing end-to-end solutions that integrate various aspects of the design process. The trend towards integrated EDA platforms reflects the industry's need for cohesive tools that can streamline workflows and improve overall design efficiency.

Additionally, the growing emphasis on semiconductor innovation and miniaturisation is driving electronic design automation software market development. As semiconductor technology advances towards smaller node sizes and more complex architectures, EDA software must evolve to support these developments. The design of advanced semiconductor devices, such as those used in high-performance computing, automotive electronics, and consumer electronics, requires sophisticated tools that can handle the intricate design rules and performance requirements associated with smaller process nodes. The continuous evolution of semiconductor technology is a key driver of innovation in the EDA software market, with ongoing research and development focused on meeting the demands of next-generation semiconductor designs.

Regulatory compliance and security concerns are also shaping the global electronic design automation software market dynamics. With increasing scrutiny on data protection and intellectual property security, EDA tools must incorporate robust security features to protect sensitive design information. Additionally, compliance with industry standards and regulations is crucial for ensuring the reliability and safety of electronic designs. EDA software providers are investing in enhanced security measures and compliance features to address these concerns and meet the regulatory requirements of various industries.

Market Segmentation

The global electronic design automation software market can be divided based on type, deployment model, application, and region.

Market Breakup by Type

• Computer-aided Engineering (CAE)
• IC Physical Design and Verification
• Printed Circuit Board and Multi-chip Module (PCB and MCM)
• Semiconductor Intellectual Property (SIP)
• Services

Market Breakup by Deployment Model

• On-premises
• Cloud

Market Breakup by Application

• Aerospace and Defence
• Automotive
• Consumer Electronics
• IT and Telecom
• Healthcare
• Industrial
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic design automation software market. Some of the major players explored in the report are as follows:

• Siemens AG
• Altium Limited
• Aldec, Inc.
• Silvaco, Inc.
• Altair Engineering Inc.
• Autodesk Inc.
• Keysight Technologies, Inc.
• Synopsys, Inc.
• EMA Design Automation, Inc.
• Zuken UK Limited.
• Others