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$26.2 Bn Electronic Design Automation Markets: CAE, Semiconductor IP, PCB & MCM - Global Forecast to 2028DUBLIN, June 6, 2023 /PRNewswire/ -- The "Electronic Design Automation Market by Product Category (CAE, Semiconductor IP, PCB & MCM), Deployment Mode(On-premises, Cloud-based), End-Use Application, End User (Consumer Electronics Industry, Automotive, Healthcare), Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The rise of the Internet of Things (IoT) and the growing trend of connected devices are creating a need for advanced electronic design automation tools that can enable the design and development of complex, connected products. In addition, miniaturization has become a key factor in many industries, including consumer electronics, medical devices, and automotive electronics. As products become smaller and more compact, there is a need for electronic design automation solutions that can enable the design of highly integrated, miniaturized components. These trends have resulted in an increasing demand for electronic design automation tools and solutions, leading to the growth of the EDA market. IC physical design & verification segment is expected to grow at the highest CAGR during the forecast period. The IC physical design and verification segment is growing at the highest CAGR in the EDA market due to the increasing complexity of chip designs and the need for enhanced verification and design optimization automation. As the semiconductor industry advances, the size of chips is decreasing, while their complexity is increasing, which requires a more comprehensive design methodology. The segment's growth is driven by the need for efficient chip design and verification processes that maintain the highest accuracy without increasing runtime. As a result, EDA companies are focusing on developing new solutions to address these challenges and provide better chip design and verification capabilities. The microprocessors and microcontrollers segment is projected to record the highest CAGR during the forecast period. Microprocessors and microcontrollers are having the largest market share in the EDA market because they are key components in a wide range of electronic devices, from consumer electronics to industrial equipment. They serve as the "brains" of these devices, controlling and executing the necessary functions. With the increasing demand for smarter and more connected devices, the demand for microprocessors and microcontrollers is also increasing, driving the growth of this segment in the EDA market. Additionally, the complexity and number of functions required in these devices are also increasing, hich further fuels the demand for advanced microprocessors and microcontrollers and the need for sophisticated design and verification tools provided by the EDA market. China to grow at the highest CAGR for the Asia Pacific electronic design automation market. China is experiencing the highest growth rate in the EDA market due to several factors. Firstly, the country has a strong foothold in the semiconductor industry, with many local companies engaged in the design, development, and manufacturing of semiconductors. Secondly, there has been a growing demand for electronic devices and connected technologies in China, resulting in an increased demand for EDA solutions. Additionally, the Chinese government has been investing heavily in the semiconductor industry and has been implementing policies and initiatives to support the growth of the industry. Company Profiles
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Electronic Design Automation, by Product Category 7 Electronic Design Automation, by Deployment Mode 8 Electronic Design Automation, by End Use Application 9 Electronic Design Automation, by End-user 10 Electronic Design Automation, by Region 11 Electronic Design Automation, Competitive Landscape For more information about this report visit https://www.researchandmarkets.com/r/7u9y5e About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/26-2-bn-electronic-design-automation-markets-cae-semiconductor-ip-pcb--mcm---global-forecast-to-2028--301843929.html SOURCE Research and Markets |