New update: The growing use of microchips will benefit EDA developers
The field of Electronic Design Automation (EDA) software is fundamental to the creation and advancement of microchips, which are indispensable in a wide range of consumer and business applications incorporating different electronic devices. As the advancement in microchip technology has progressed over the five years to 2023, the need for specialized software for research into innovative designs and for reducing costs in the overall chip design procedure has grown significantly. Consequently, the EDA Software industry has expanded, increasing at a CAGR of 9.5% to $13.4 billion over the five years to 2023, including an increase of 2.7% in 2023 alone. Heightened investment in computers and software by businesses, changes in semiconductor technology and shifts in aggregate consumer electronics demand are all responsible. In addition, the negative influence COVID-19 had on this field was not felt in 2020 or 2021; instead, a profit surge was observed as chip demand expanded.
This industry develops electronic design automation software, which is used primarily for designing electronic components, such as printed circuit boards and integrated circuits.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Synopsys Inc.
- Cadence Design Systems Inc.
- Mentor Graphics
Methodology
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