EDA Tools Market

EDA Tools Market - Growth in Adoption Across Different Industry Verticals Around
The Globe
According to a new market report published by Transparency Market Research,
the global EDA tools market for IC industry is expected to reach a value of US$
3,031.7 Mn by 2026, supported by rising adoption of compliance initiatives, improved
operational efficiency, and controlled workflow. The market is projected to expand at
a CAGR of 6.8% during the forecast period from 2018 to 2026.The highly competitive
environment has compelled players to focus on efficient manufacturing techniques. In
addition, rising penetration of VLSI (Very-large-scale integration) is boosting the
global demand for advanced and sophisticated EDA tools. Asia Pacific is anticipated
to be the fastest growing region for the market during the forecast period which is
expected to be followed by Europe. The EDA tools market is experiencing flourishing
growth in terms of adoption across different industry verticals around the globe.
Increasing implementation of Big Data analytics and artificial intelligence by vendors
is further contributing to the growth of the EDA tools market for IC industry.
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Growing list of EDA tools vendors likely to boost the growth of the market over the
forecast period
The growth of EDA tools is directly or indirectly related to the growth of E-CAD
(Electronic Computer Aided Design), as most vendors offer EDA tools as an add-on
feature to their overall E-CAD solutions. Adoption of EDA tools by small and
medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as
limited capital investment required for subscription based (cloud) services. Adoption
of cloud based EDA tools in an organization for cost cutting and time savings
(process optimization) is fuelling the growth of the market substantially with the
trend expected to be maintained during the forecast period.
EDA Tools Market for IC Industry: Scope of the Report
The EDA tools market for IC industry has been segmented on the basis of parameters
such as component, application, deployment, and geographical regions. In terms of
component, the market has been segmented into solution and services. The solution
segment has further been segmented into bundled and standalone while the services
segment has been classified into managed and professional services. Based on
application, the market has been divided into design, verification, and simulation. In
terms of deployment, the market has been segmented into cloud and on-premise. The
cloud segment has further been classified into private cloud, public cloud, and hybrid
cloud. The report covers the analysis of these segments across North America,
Europe, Asia Pacific, Middle East & Africa, and South America, along with the
qualitative analysis of market estimates supplementing the growth of the EDA tools
market for IC industry during the forecast period. Private and hybrid cloud segments
are anticipated to experience lucrative growth opportunities in the market. In terms
of adoption of EDA tools, the private cloud segment is projected to expand at a
CAGR of approximately 7.6% during the forecast period from 2018 to 2026.
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North America and Europe collectively accounted for more than 50% of the global
market share in 2017, with North America holding larger share of the market.
Technological developments and relatively higher maturity in terms of technology
penetration are major drivers of the EDA tools market for IC industry in North
America. Within the Europe EDA tools market for IC industry, Germany held the
largest revenue share in 2017, closely followed by the U.K. The market in Asia
Pacific, which includes China, India, Japan, and Rest of Asia Pacific, is expected to
witness the fastest growth during the forecast period attributed to rapid technological
developments in various industry verticals across different countries. Moreover,
several emerging economies in the region experiencing growth in their infrastructure
which covers the government sector, IT sector, law firms, chemical industry, and
others, is further supporting the growth of the EDA tools market for IC industry in
this region.