Global EDA Market in the Automotive Industry 2015-2019
EDA comprises software tools that are used to design electronic systems such as PCBs and ICs. It enables electrical engineers (hardware engineers) and computer engineers (software engineers) to design, analyze, and simulate semiconductor chips. It also encompasses algorithms and methodologies for the design of VLSI circuits. CAE, IC physical design and verification, PCB and MCM, SIP, and Services together contribute to the growth of the Global EDA market. Various EDA tools available in the market are used to design and develop complicated and large-scale circuits. EDA tools help semiconductor and electronic products manufacturing companies reduce product development time and increase the accuracy of design. It is widely used to manufacture many electronics components in the automotive industry.
Technavio's analysts forecast the global EDA market in the automotive industry to grow at a CAGR of 11.14% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global EDA market in the automotive industry for the period of 2015-2019. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.
It presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, the report discusses the major growth drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that will contribute to the growth of the market.
Technavio's report, Global EDA Market in the Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Americas APAC EMEA Key vendors
Cadence Design Systems Mentor Graphics Synopsys Other prominent vendors
Growing complexity in automotive industry For a full, detailed list, view our report Market challenge
Need for regular upgrades For a full, detailed list, view our report Market trend
Increase in mergers and acquisitions For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report – Global EDA Market in the Automotive Industry 2015-2019
Technavio recognizes the following companies as the key players in the Global EDA Market in the Automotive Industry: Cadence Design Systems, Mentor Graphics and Synopsys
Other Prominent Vendors in the market are: Agilent, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA and Zuken
Commenting on the report, an analyst from Technavio’s team said: “EDA vendors have started to offer their tools and software online. Increased Internet penetration worldwide has made it easy for potential customers to access these tools online and use them to design and fabricate chips. Consequently, the capital expenditure for companies has reduced because of reduced TCO and infrastructure costs to accommodate these tools. This also helps improve SCM as the total number of resellers and distributors reduces considerably.”
According to the report, a major driver in the market is the increasing complexity in the automotive industry. Virtual verification of designs has become an inevitable part of chip manufacturing because of the increased requirement for safety and performance. The verification process involves testing the electrical and electronic components under various temperature and pressure conditions. The test ensures that the failure of a device will not lead to any mishap.
Further, the report states that the global EDA market is facing challenge in terms of keeping up with the continuous developments in technology in the semiconductor industry.