Selbyville, DE -- (SBWIRE) -- 12/28/2018 -- The North America Electronic Design Automation (EDA) Market will witness a high growth over the forecast timeframe owing to large-scale technological advancements. The region is a leading adopter and developer of new technologies such as 5G technology for smartphone users. In addition, presence of a developed broadband & wireless infrastructure and government support for the development of IoT-based technologies are driving smart consumer electronics industry thereby providing an impetus to the Electronic Design Automation (EDA) Market growth.

Fast broadband services and the development of these infrastructures in remote and underserved locations are aiding the development of the IoT and smart electronics market in the region. Moreover, the Federal Communications Commission (FCC) is further aiding in promoting 5G technologies. In April 2017, FCC raised USD 19.80 billion to set up and promote these services across the country.

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The trend of miniaturization of semiconductors has allowed manufacturers to utilize electronic components in applications such as surgical devices and smart fitness products. Development of such devices is generating a high demand for the Electronic Design Automation (EDA) Market. The rising awareness and acceptance of smart fitness devices are encouraging electronic design companies to invest in the innovative design tools for developing enhanced products. Manufacturers are investing massively to develop several new miniaturized products to enhance the customer experience. Researchers are focusing on developing cost-effective and reliable products with the use of electronic design tools.

The U.S. has witnessed a technological boom and emergence of several small- and large-scale fabless companies. Factors, such as high demand for consumer electronics devices, favorable government policies, the rise in government funding in technology projects, and robust economic conditions of several countries will drive the Electronic Design Automation (EDA) Market growth. Increasing demand to differentiate products is encouraging OEMs to incorporate new technologies and provide products with large displays with better resolution, storage capacity, and high processing speed. These cutting-edge functionalities will increase the complexity of mobile System on Chips (SoCs).

Following this, SoC designers are using semiconductor IP cores from third-party service providers to decrease the risk of design integration in the devices, contributing to the semiconductor IP electronic design automation market growth.

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The Electronic Design Automation (EDA) Market consists of serval application sectors and consists of vendors, who are providing software tools, dedicated design services, and IP. The industry is presently dominated by many small and large vendors. Several major SIP companies are looking at the prospects to acquire other IP companies to expand their market share. The growth potential of the Electronic Design Automation (EDA) Market is anticipated to attract numerous new vendors trying to gain entry into the market. These new players are focusing on the distinct segments of IC design IP, which will help them gain a considerable market share.
Companies in the Electronic Design Automation (EDA) Market include Solido Design Automation, Mentor Graphics, Silvaco International, National Instruments, Sigasi, Pulsonix, Keysight Technologies, JEDA Technologies, Invionics, Intercept Technology, Inc., CadSoft Computer, Cadence Design Systems, Zuken, Inc. Xilinx, Inc., and Synopsys, Inc., among others.

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