Electronic Design Automation Software Market Size, Share, Growth and Trend Analysis Report
by Susan Hill Business ConsultantThe global electronic design automation software market size is
expected to reach USD 14.54 billion by 2025, according to a new report by Grand
View Research, Inc. It is projected to expand at a CAGR of 8.9% during the
forecast period. Growing preference for compact devices is prompting
electronics manufacturers to opt for smaller-size circuits and miniaturized
chips/ICs, which can be complex to design. Hence, electronics manufacturers are
increasingly adopting EDA software to achieve precision in designing circuits
and ICs, thereby driving the market.
As medical devices, consumer electronics, and other
smart devices are getting compact, electronics manufacturers are under pressure
to design compact processors for these devices. The growing adoption of the
software to design compact processors is expected to have a positive impact on
the EDA software market. Growing preference for System on Chip (SoC)
technology, which is an efficient and cost-effective technology, also bodes
well for the market growth.
Asia Pacific electronic design automation software
market is expected to register a healthy CAGR over the forecast period. Growing
population, disposable income, and rapid urbanization are driving the demand
for consumer electronics and proliferation of smartphones.
China accounted for the largest regional market share in 2018 driven by a large
number of fabless manufacturing companies present in the country.
Further
key findings from the study suggest:
- Memory management unit accounted for more than 20.0% of the market
share in 2018 and is expected to expand at a healthy CAGR over the
forecast period as the increasing use of powerful processors triggers the
need for efficient cache memory management
- North America is anticipated to register a CAGR of over 7.0% over
the forecast period owing to the continued technological advancements and
rapid adoption of latest technologies, such as the FinFET architecture
- The key players, such as Cadence Design Systems, Inc.; Synopsis,
Inc.; and Mentorled the electronic design automation (EDA) software market
in 2018
- Major companies are expected to continue focusing on mergers and
acquisitions over the forecast period to expand their product portfolio.
Access
full research report on global electronic design automation software market:
www.grandviewresearch.com/industry-analysis/electronic-design-automation-eda-software-market
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Created on Feb 17th 2020 08:05. Viewed 344 times.