Electronic Design Automation Software Market Worth to Reach USD 16,500 MN By 2027
Posted On June 09, 2021
The Global Electronic Design Automation Software Market report evaluates the market revenue to reach USD 16,500 MN mark in 2027. The CAGR is expected to be close to 8.9% from 2021 till the end of 2027 according to the newly published report by Value Market Research. The surge in penetration of Artificial Intelligence, Virtual Reality, and increased adoption of electronic design automation software technology are the primitive market drivers for the growth of the electronic design automation software market. The rise in demand for smaller electronic devices and machine learning in electronic design automation is also considered to boost the market growth of electronic design automation software. Increased adoption of integrated circuit design and electronic design automation tools to automatically perform functions like placement and routing of circuits on an integrated circuit will further flourish the growth of the electronic design automation software market.
It is a category of software tools that are used for designing electronic systems like integrated circuits and printed circuit boards and also known as electronic computer-aided design. With the continuous use of Semiconductor technology, the importance of electronic design automation software for electronics has increased. The design of the software is characterized by the primary components and these are high-level synthesis, logic synthesis, schematic capture, layout. Electronic design automation is widely used in electronics, communication, machinery, chemical, biological, aerospace, etc. the main advantage of electronic design automation technology is that it shorten the design cycle and greatly reduces the design verification stage.
The market dynamics covered in the report "Global Electronic Design Automation Software Market Report By Product By End Use (Microprocessors & Controllers, Memory Management Units, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of end use the market is segmented into Microprocessors & Controllers, Memory Management Units, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Electronic Design Automation Software Market -
By End Use
- Microprocessors & Controllers
- Memory Management Units
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
ANSYS, Inc., Altair, Altium LLC, Aldec, Inc., Autodesk, Cadence Design Systems, Inc., Keysight Technologies, Mentor (a Siemens Business), Silvaco Inc., and Synopsys.
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