Global Electronic Design Automation Software Market provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The business chain supporting the Electronic Design Automation Software market is analysed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market.
Electronic Design Automation Software Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Electronic Design Automation Software Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.
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The global electronic design automation (EDA) software market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights. The growing adoption of electronic devices across the globe is prompting manufacturers to develop compact electronics devices by incorporating and minimizing the size of miniaturized chips / ICs which has complex designs. Thus, electronics manufacturers are increasing the adoption of EDA software, in order to achieve the precision in IC designs and circuits, which in turn expected to boost the market growth in the forthcoming years.
EDA involves a set of software algorithms which is used for designing the complex next-generation electronics systems and products. Moreover, it includes integrated circuits (ICs), Multi-Chip Modules (MCM), printed circuit boards (PCBs) and various others. The PCB software is used for designing and constructing the layout of the circuit in an electronic device. Moreover, the electronic components such as transistors, resistors, ICs and capacitors are mounted on the PCBs.
Furthermore, the software helps in the inspection of the circuit and offers visualization of the circuit. It also improves the quality, productivity and accuracy of the design process by eliminating the manual interventions. The software is widely used in the designing and manufacturing of advanced automotive & medical electronic devices, communication systemsand industrial control systems. These types of applications are projected to drive market growth in the forthcoming years.
The rising technological developments around the world are fuelling the demand for PCBs. As the governments in the emerging economies such as India, Vietnam, Indonesia, China and Australia are highly focusing on digitalization, which in turn promoting customers to adopt the electronics devices and expected to drive the market growth over the forecast period. Furthermore, the MCM and PCBs are an essential part of the electronic devices and in order to enhance their efficiency and accuracy, the demand for EDA software is keepson increasing. Thus, expected to upsurge the market growth in the forthcoming years.
The growing incorporation for IoT technologies in the electronic devices smart watches, tablets, and smartphones are expected to fuel the demand for PCBs, which in turn boost the demand for EDA software. Furthermore, the growing demand for compact devices, especially in the consumer electronics and medical sector are compelling electronics manufacturers to design compact processors for the devices. Thus, the growing adoption of EDA software for designing and manufacturing the compact processors are anticipated to amplify the market growth during the forecast period, 2019 to 2025. Furthermore, the shifting preference of manufacturers towards System on Chip (SoC) technology, due to its cost-effective and high efficient features is projected to create new opportunities for the electronic design automation software market in the upcoming years.
Some of the companies for Electronic Design Automation Software market are:
Synopsis, Inc.; Silvaco, Inc.; Cadence Design Systems, Inc.; Mentor ANSYS, Inc. and Altium LLC.
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