Hardware-assisted Verification Market size is anticipated to reach USD 20 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of hardware-assisted verification was over USD 10 billion. The rising complexity of semiconductor designs stands as the main driver propelling the growth of the market. As technological advancements accelerate, semiconductor components power diverse applications, ranging from artificial intelligence and 5G to automotive electronics. Consequently, the intricate nature of these designs demands a robust verification process to ensure functionality, reliability, and optimal performance. The semiconductor industry is witnessing a paradigm shift towards increasingly intricate designs, driven by the insatiable demand for enhanced functionalities and performance across various sectors. According to a recent report, the global hardware-assisted verification industry is projected to grow by 9.5% by the year 2027.
Hardware-assisted verification involves the use of specialized hardware, such as emulation and FPGA-based prototyping, to accelerate the verification of complex integrated circuits (ICs) and systems-on-chip (SoCs). This approach is particularly crucial in the semiconductor industry to ensure the functionality, performance, and reliability of intricate designs. There's a trend in the industry toward "shift-left" testing methodologies, where verification tasks are moved earlier in the design cycle to catch and address issues sooner. Hardware-assisted verification contributes to this trend by enabling early testing of hardware and software components.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 10 Billion |
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Forecast Year Market Size (2036) |
~ USD 20 Billion |
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Regional Scope |
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Type (Emulation Platform, In-Circuit Emulation)
The in-circuit emulation segment is estimated to hold around 62% share of the global hardware-assisted verification market by 2036. In-circuit emulation contributes to power efficiency validation by allowing designers to assess the energy consumption of semiconductor components in real-world scenarios. This is crucial in industries where power efficiency is a paramount consideration, such as IoT and mobile devices. The in-circuit emulation segment in the market is driven by a confluence of factors. These include the demand for real-world testing, the increasing complexity of semiconductor designs, integration with safety-critical systems, the need for faster time-to-market, advancements in semiconductor manufacturing, and a growing emphasis on power efficiency. As semiconductor manufacturing technologies advance, the complexity of designs increases. In-circuit emulation is well-suited to verify designs based on the latest manufacturing processes, ensuring that semiconductor components function optimally within the constraints of cutting-edge technologies.
End User (Healthcare, Aerospace, IoT Industry)
The IoT industry segment in the hardware-assisted verification market is expected to garner a significant share in the year 2036. The competitive nature of the IoT industry necessitates rapid product development and deployment. Hardware-assisted verification enables designers to accelerate the verification process, reducing time-to-market for IoT devices. This is particularly crucial in industries where being the first to market confers a significant competitive advantage. The global IoT industry sales are expected to reach USD 1.4 trillion by 2026. This robust growth underscores the need for expeditious product development and deployment in the IoT sector, driving the demand for hardware-assisted verification. IoT technology is pervasive across diverse application domains, including healthcare, agriculture, smart cities, and industrial automation. Each domain has unique requirements, leading to a wide variety of semiconductor designs. Hardware-assisted verification solutions offer the flexibility to adapt to the specific needs of different IoT application domains, ensuring the reliability and functionality of semiconductor components in varied environments.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End User |
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APAC Market Forecast
The hardware-assisted verification market in the Asia Pacific region is projected to hold the largest market share of 43% by the end of 2036. Governments and private entities in the Asia Pacific region are making substantial investments in artificial intelligence (AI) and semiconductor research and development. As AI applications become more pervasive, hardware-assisted verification becomes essential in validating semiconductor designs that power AI algorithms and specialized hardware accelerators. China, a major player in the Asia Pacific region, plans to invest USD 1.4 trillion in its digital infrastructure by the year 2025, with a significant focus on AI development. This strategic investment underscores the growing importance of AI and semiconductor technologies, driving the demand for advanced verification solutions. The Asia Pacific region is witnessing widespread adoption of the Internet of Things (IoT) across various industries, including smart manufacturing. The complexity of semiconductor designs for IoT applications necessitates advanced verification methods, positioning hardware-assisted verification as a crucial enabler for the seamless integration of semiconductor components in smart manufacturing environments.
North American Market Statistics
The hardware-assisted verification market in the North America region is projected to hold the second largest share during the forecast period. North America stands at the forefront of technological innovation, particularly in the semiconductor industry. The market in this region is experiencing robust growth, propelled by several key factors that reflect the dynamic landscape of semiconductor design and verification methodologies. North America holds a leadership position in semiconductor manufacturing, with major players driving technological advancements. As semiconductor designs become more intricate, the need for advanced verification solutions grows. Hardware-assisted verification tools cater to the evolving requirements of semiconductor manufacturing processes. North America, particularly Silicon Valley, is a global hub for AI and machine learning innovation. Semiconductor designs supporting AI algorithms require thorough verification. Hardware-assisted verification plays a crucial role in ensuring the reliability and performance of semiconductor components in AI applications. The North American automotive industry is at the forefront of developing autonomous vehicles and advanced driver assistance systems (ADAS). These applications demand sophisticated semiconductor designs, necessitating robust verification processes.
Author Credits: Abhishek Verma, Hetal Singh
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