The electronic design automation market is set to grow by $5.68 billion from 2020 to 2025, reports Technavio. However, the growth momentum is likely to decelerate at a CAGR of 9.03%. In addition, the report offers a detailed analysis of the current market scenario, the latest trends, challenges and drivers, and the overall market environment.
Electronic Design Automation Market: Driver
Growing significance of electronic design automation to drive growth
The growing demand for electronic devices has significantly augmented the growth of the global semiconductor market. In the process of designing ICs that are integrated into sophisticated devices, the semiconductor manufacturers are continuously focusing on reducing the design gaps to reduce the failures and costs associated with faulty products
Electronic Design Automation Market: Challenge
High dependency on semiconductors and electronics markets
The growing complexity of designs of semiconductor devices increases the risks associated with designing gaps and delayed development cycles. Electronic device manufacturing is prone to high demand fluctuation, and hence the supply-demand gap increases. The adoption rate of electronic design automation across various end-user sectors is also subject to such fluctuations in the value chain, which is expected to hinder the growth of the market in focus.
Electronic Design Automation Market: Segmentation Analysis
47% of the market’s growth will originate from APAC. China, Japan, and South Korea (Republic of Korea) are the key markets for electronic design automation in the region. The increasing electronic device manufacturing will facilitate the electronic design automation market growth in APAC.
