This industry research report outlines the market forecast for electronic design automation in the industrial electronic sector until 2019. This research report provides an in-depth trend analysis, discussion the key factors impacting the market shares of the leading market vendors. The report also includes the market shares for Americas, EMEA, and APAC.
Technavio’s market research analysts estimate the global EDA in the industrial electronic sector, to grow at a CAGR of 6% between 2015 and 2019. Growing complexities in the electronics industry drives the demand for EDA in the industrial electronic sector. Various EDA tools available in the market are used to design and develop complicated and large-scale circuits. The Americas dominate the global EDA market in the industrial electronics sector, occupying aroud 40% of the total market share. Intensive research activities by major vendors such as Cadence Design Systems, Synopsys, and Mentor Graphics, has led to development of new and innovative EDA tools in the market.
The new market research report from Technavio provides a breakdown and analysis of the EDA segments by technology.
“Of late, the EDA vendors are introducing their tools and software online for easy availability. This has reduced the TCO and infrastructure costs for companies to accommodate these tools. This has reduced the number of resellers and distributors, thereby improving the overall supply chain management. EDA vendors are also providing EDA software on rental basis, propelling its increased adoption among SMEs,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
Safety and performance issues in the electronics industry have increased to such a degree that virtual verification of designs has become an inevitable part of chip manufacturing. The verification process involves testing of electrical and electronic components in various temperature and pressure conditions. Therefore, with the help of EDA software several vendors are able to identify design errors, and the simulation process helps them in understanding their ability to withstand harsh environments and so on.
The key vendors in the global EDA in the industrial electronic sector include Cadence Design Systems, Synopsis, and Mentor Graphics. The vendors in this market are facing an acute price competition and a growing threat from new entrants. The market in the industrial electronics sector is not a capital intensive one, rather it is a labor intensive market. The market demands the presence of EDA expert professionals in large volumes. It is dominated by major players such as Cadence Design, Synopsis, and Mentor graphics. With their extensive capital and marketing resources, these three companies have intensified the competition in this market.
A more detailed analysis is available in the Technavio report, Global EDA in the Industrial Electronic Sector 2015-2019.
We can customize reports by other regions and specific segments upon request.
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