Global Electronic Design Automation Market 2018-2022
About Electronic Design Automation
The global electronic design automation market is expected to be highly concentrated by the end of 2022. Vendors in this marketspace are competing based on factors such as technology, research and developmental activities, labor, and brand. Moreover, players in the EDA market are also focusing on differentiating their products based on innovation, regulatory compliance, and quality of the products. Based on type the market can be segmented into on-premise solutions and cloud-based solutions. The electronic design automation market is witnessing considerable growth in the on-premise deployment model because on-premise software provides data execution across many business units, functions, or product lines. According to our analysts, the on-premise segment will account for the maximum share of the EDA market throughout the next few years.
Technavio’s analysts forecast the global electronic design automation market expected to post a CAGR of USD 11 billion during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global electronic design automation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of electronic design automation.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electronic Design Automation Market 2018-2022
Technavio recognizes the following companies as the key players in the global electronic design automation market: Cadence Design Systems, Mentor Graphics (Siemens), and Synopsys.
Other Prominent Vendors in the market are: Agnisys, Aldec, Ansys (Ansoft), JEDA Technologies, Keysight Technologies, MunEDA, XILINX, and Zuken.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is shift from perpetual to subscription licensing model. One of the major factor limiting the growth of the EDA market is the high capital investments. The provision of EDA tools based on the subscription license model allows end-users to create a mix of desired EDA tools. End-users are eligible to receive upgrades and maintenance facilities for a specific time period. The subscription period ranges from a few months to period of two to three years.”
According to the report, one of the major drivers for this market is rising adoption of SoC technology. A large number of manufacturers are integrating their devices such as smartphones, automotive body electronics, telemetry devices, wireless communication equipment, and electrocardiogram (ECG) with SoC technology. The emergence of system-in-package (SiP) technology has enabled mixed-signal SoC manufacturers to provide the single chip with more functionalities at a moderate price. he need for semiconductor devices is increasing in terms of capacity and speed. This in turn, will propel the popularity of SoC technology. This creates a need for electronic design automation (EDA) software because they ensure that the chip designs are in line with requirements. They also ensure the precision required in the design.
Cadence Design Systems, Mentor Graphics (Siemens), Synopsys, Agnisys, Aldec, Ansys (Ansoft), JEDA Technologies, Keysight Technologies, MunEDA, XILINX, and Zuken.
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