EDA or Electronic Design Automation, also known as Electronic Computer-Aided Design, comprises of portfolio of software tools that assist in designing electronic systems. These electronic systems include the design of integrated circuits and printed circuit boards. These tools revolutionized the design of semi-conductor chips. The EDA tools are used in the design flow of logic gates and layouts. The function of EDAs in design include high-level synthesis i.e. conversion of machine language to digital signals and schematic-driven layouts. In electronic circuit simulation, a simulation software is designed to predict the behavior of the logic gates. Transistors and other hardware involved are emulated by CAD and electromagnetic field solvers. The circuits are then analyzed and processed for functionality, meta-stability, mathematical model tests and physical verification. The techniques of mask data protection and resolution enhancement are used to test the quality of ICs. Built-in self-tests and functional safety analysis is incorporated to meet the compliance requirements as per industry standards. Different EDA software tools are deployed to tackle different production functionalities to produce ICs and semiconductor chips. Some of the common software include AutoCAD, Orcad by Cadence, ARES in Proteus.
Miniaturization, the aspiration to fit a supercomputer inside the palm of a human is revolutionizing the ICs and semiconductor chip designs. The need for EDA tools has grown over the years to deal with increasing complexity of IC designs, accuracy, precision and the effectiveness of semiconductor devices. With the increasing requirements for application-specific ICs which are capable of supporting cloud-based computing and AI, the EDA tools market is anticipated to record a significant CAGR during the forecast period of 2020-2028. On the basis of product, the market is segmented into CAD, VLSIs, semi-conductors and others, out of which, the leading share is estimated to be held by semiconductors segment. This can be attributed to increasing production of semiconductor-based SoCs and ICs in the market. The market is further segmented by application into design, simulation, analysis and verification and manufacturing. Among these segments, the design and manufacturing segments are estimated to be the largest revenue generating segments owing to the technological advancements in semiconductors SoCs and ICs, which is further predicted to contribute towards the growth of the segment.
Smartphones, tablets and laptops are the foundations of modern digital world. The evolution of telephones to landlines and to modern day mobile handsets (smartphones) equipped with custom made SoCs with PC processing capabilities can be attributed to the increasing demand for miniature devices. This requires EDA tools able to tackle the problems of high complexity to support 5G, liquid cooling while maintaining accuracy and precision. Tablets and laptops are further being designed to support 5G and cloud computing capabilities. These technological innovations are expected to drive the market growth during the forecast period.CLICK TO DOWNLOAD SAMPLE REPORT
The “Internet of Things” device sales are increasing enormously which is a major growth driving factor for the market. These devices are multipurpose as they can be used in a variety of applications. These IoT devices are deployed in industries to enhance the operational efficiency, which involves lot of customization and is application specific. EDA tools are vividly used to develop application-specific integrated circuits to fulfill industry needs.
Lack of skilled professionals for effectively deploying these resources along with high cost of training the individuals to understand these EDA tools are some factors estimated to hinder the growth of the market.
Our in-depth analysis of the EDA market includes the following segments:
On the basis of regional analysis, the EDA market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest share on account of rising technological innovations along with presence of leading players in the region which develop and market electronic design automation tools. The technological progression and rising trend of “everything smart”, for instance, smart-homes and smart-cities in this region further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of growth in digitalization, high smartphone and other IoT devices demand in the region, particularly in countries such as China, India and Japan.
The EDA market is further classified on the basis of region as follows:
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