30-April-2019: The global electronic design
automation software market size is expected to reach USD 14.54 billion by 2025,
according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 8.9% during the forecast period. Growing preference for
compact devices is prompting electronics manufacturers to opt for smaller-size
circuits and miniaturized chips/ICs, which can be complex to design. Hence,
electronics manufacturers are increasingly adopting EDA software to achieve
precision in designing circuits and ICs, thereby driving the market.
As medical devices, consumer
electronics, and other smart devices are getting compact, electronics
manufacturers are under pressure to design compact processors for these
devices. The growing adoption of the software to design compact processors is
expected to have a positive impact on the EDA software market. Growing
preference for System on Chip (SoC) technology, which is an efficient and
cost-effective technology, also bodes well for the market growth.
Asia Pacific electronic design
automation software market is expected to register a healthy CAGR over the
forecast period. Growing population, disposable income, and rapid urbanization
are driving the demand for consumer electronics and proliferation of smartphones.
China accounted for the largest regional market share in 2018 driven by a large
number of fabless manufacturing companies present in the country.
In
depth research report on Electronic Design Automation Software Market
https://www.grandviewresearch.com/industry-analysis/electronic-design-automation-eda-software-market
Further
key findings from the study suggest:
· Memory
management unit accounted for more than 20.0% of the market share in 2018 and
is expected to expand at a healthy CAGR over the forecast period as the
increasing use of powerful processors triggers the need for efficient cache
memory management
· North
America is anticipated to register a CAGR of over 7.0% over the forecast period
owing to the continued technological advancements and rapid adoption of latest
technologies, such as the FinFET architecture
· The key
players, such as Cadence Design Systems, Inc.; Synopsis, Inc.; and Mentorled
the Electronic Design Automation (EDA) software market in 2018
· Major companies
are expected to continue focusing on mergers and acquisitions over the forecast
period to expand their product portfolio.
Grand View Research has
segmented the global Electronic Design Automation (EDA) software market on the
basis of end use and regions:
Electronic
Data Automation (EDA) Software End Use Outlook (Revenue, USD Million, 2014 -
2025)
· Microprocessors
& Controllers
· Memory
Management Units
· Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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