Market Study Report adds Global Electronic Design Automation market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, DE -- (SBWIRE) -- 12/11/2018 -- The Electronic Design Automation market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.
Notable Electronic Design Automation market players comprise Apple Inc, BMW Group, Airbus SE, Haier Corporation, Hewlett-Packard Company, Hitachi Ltd., Honeywell International Inc., General Electric, General Motors, LG Corporation, Lockheed Martin Corporation, Samsung Electronics, Sharp Corporation, Schneider Electric, Tesla, Inc., Thales Group, Toyota Motors, Volkswagen AG
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The Electronic Design Automation Market report 2017-2024 provides a comprehensive landscape of the industry, accurate market estimates and forecast split by Product, By Application and regions. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Electronic Design Automation, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Electronic Design Automation segment competitive environment, diving in to the industry position of each major company along with the strategic landscape.
The development of smart electronic systems that cater to smart homes and connected devices is the key driver of the EDA market in North America. Several component manufacturers are adopting technologically-advanced methods to reduce the design and manufacturing time of the electronic components. Early adoption and high penetration of technology are helping the EDA market in the region grow. In addition, the rise in investments from the government entities has led to a rise in the healthcare expenditure to enhance the healthcare infrastructure. Growing focus on the patient safety, intensifying government legislation, and technological revolution have augmented the usage of electronic designing tools, boosting the EDA market growth in the region.
Electronic Design Automation (EDA) market is anticipated to exceed USD 14 billion by 2024 with the industry growth pegged at a CAGR of over 6% from 2017 to 2024. Growing demand for EDA tools to design and manufacture electronic products and systems, such as deep learning, Internet of Things (IoT), virtual reality, augmented reality, and autonomous vehicle systems, will positively impact the EDA market growth. Early adoption of the technology and rise in Research and Development (R&D) activities by the companies in the U.S. has proven beneficial to the industrial sector in the country. The proliferation of technologies, such as smart grids, IoT, smart metering, augmented reality, and drone technology in the industrial sector, is encouraging companies to implement these tools.
Semiconductors are being commonly used in the consumer electronic devices such as PCs, smartwatches, smartphones, and tablets, and other smart products and can communicate with other components through a burgeoning network connected by the IoT. These components are the fundamental enabling technology of modern electronics and require microcontrollers, sensors, and memory to connect to each other and perform their functions. The infrastructure to connect all these devices is correlated to the continued innovations in the semiconductor technology. Owing to the rise in the adoption of smartphones and tablets over the last few years, the industry has witnessed an increase in touchscreens, proximity sensors, accelerometers, and camera modules. Designing these devices necessitates electronic tools, generating a high demand for the EDA market growth.
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The Semiconductor Intellectual Property (SIP) market accounted for over 30% of the EDA market share in 2016 and is anticipated to grow at a high CAGR from 2017 to 2024. Growing applications of the SIP are witnessed majorly in the consumer electronics industry owing to the rise in the adoption of mobile devices such as tablets and smartphones. The development of smart devices involves an extensive R&D that has increased the complexity of chip design, leading to a high adoption of a new IP block or cores as mobile manufacturers are majorly focusing on providing enhanced performance to end users with limited chip sizes.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. EDA Industry Insights
Chapter 4. EDA Market, By Product
Chapter 5. EDA Market, By Application
Chapter 6. EDA Market, By Region
Chapter 7. Developer Company Profiles
Chapter 8. Consumer Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/electronic-design-automation-eda-market
Global Electronic Design Automation (EDA) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
This report studies the Electronic Design Automation (EDA) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Electronic Design Automation (EDA) market by product type and applications/end industries. In the electronic industry, several designers and manufacturers are using EDA tools to design and examine semiconductor devices. The adoption of EDA tools is leading to a reduction in cost, errors, and design time owing to which the industry is witnessing a growing demand for these tools from automotive, consumer electronics and aerospace, and defense sectors. Growing adoption of SoC and a high demand for smart wearable devices, such as smart thermostats, smartwatches, fitness bands, and pet wearable devices, are the key factors driving the EDA market growth.
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