London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global EDA Market 2014-2018.
Electronic design automation (EDA) tools help semiconductor and electronic products manufacturing companies to reduce product development time and increase the design accuracy. The Global EDA Market is expected to grow at a CAGR of 9.93 percent from 2014–2018.
About the Report
The latest report by TechNavio focuses on the increasing demand for semiconductor chips, as manufacturing companies rely heavily on EDA tools to design these chips. In addition, the report highlights the rapid advances in technology that are leading to a simultaneous increase in the preference for mobility among customers across geographies.
“Customers wish to stay connected to the internet 24/7 through their portable smart gadgets and this has led to an increase in demand for semiconductor and IC chips, thus enhancing the demand for EDA tools across manufacturing companies,” says Faisal Ghaus, Vice President of TechNavio.
“Increased internet penetration worldwide has made it easy for potential customers to access EDA tools online and consequently, the capital expenditure for companies has come down, due to reduced TCO and infrastructure costs to accommodate these tools.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Demand for Semiconductor Chips
- For a full detailed list, view our report.
Market Challenges:
- Integration of Advanced Design of EDA Tools
- For a full detailed list, view our report.
Market Trends:
- Rise of Smart Technology and Products
- For a full detailed list, view our report.
Key Vendors:
- Cadence Design Systems
- Mentor Graphics Inc.
- Synopsys Inc.
Other Prominent Vendors:
- Ansys
- JEDA Technologies
- Sigrity
- Tanner EDA
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
