Technavio, a tech-focused market research firm, has published a new report on the global EDA market, which is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global electronic design automation (EDA) market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global EDA market are elaborated below:
EDA market in the Americas: The high growth of the EDA market in the Americas is attributable to the rising adoption of EDA tools by manufacturing industries due to the use of semiconductors in end-products, such as automobiles. Technavio has identified the US as the key revenue contributor in the EDA market in the Americas.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on product lifecycle management, “Favorable conditions such as economic stability and government policies have encouraged the use of semiconductors. This boosts the demand for EDA tools in the market.”
EDA market in APAC: The growth of the EDA market in APAC is attributable to the presence of many R&D centers in the region. Countries such as China, South Korea, Japan, Thailand, and Vietnam are some of the key consumers of EDA tools in the region.
EDA market in EMEA: The EDA market in EMEA is mainly concentrated in the European region. It generates a large part of its revenue from developed countries like the UK, France, Russia, Italy, and Germany. EDA is mainly used in the R&D activities of the automotive industry and the aerospace and defense industry in Europe.
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The top vendors operating in the global EDA market are:
- Cadence Design Systems
- Synopsys
- Siemens PLM Software
Other prominent vendors in the market include Keysight Technologies, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, and Zuken.
A more detailed analysis is available in the Technavio report titled, ‘Global EDA Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electronic Design Automation for PCB and MCM Market 2016-2020
- Global Cloud EDA Market 2016-2020
- Global Architectural Engineering and Construction Market 2017-2021
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