AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Electronic Design Automation market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Electronic Design Automation market to grow at a CAGR of 6.16%.
The End Use Industries , such as Automotive, is boosting the Electronic Design Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment , such as On-premises, is boosting the Electronic Design Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Electronic Design Automation market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Advantages offered by EDA such as Eliminating Manufacturers Errors and Reducing manufacturing Cost and Ability to solve complex design configuration with relative ease. †
Electronic design automation (EDA) refers to a group of software tools used for designing an electronic system such as integrated circuits (ICs) and printed circuit boards (PCBs). This software tools work together for analyzing the system's performance and evaluate the power needs. Owing to technological advancements, growing automation in numerous industries and integration of artificial intelligence (AI) and machine learning (ML) in the EDA, industry has high growth prospects in the future.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Electronic Design Automation market by Type (Computer-aided Engineering (CAE), Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP) and Others), by Application (Hardware Simulation, Hardware Compilers, Place & Route, Formal Verification, Mask generation, Semiconductor Simulation and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market