This market research report outlines the market forecast for electronic design automation (EDA) in the aerospace and defense sector until 2019. This research report presents an insightful trend analysis impacting the market shares for APAC, Americas, and EMEA regions. The leading vendors analyzed in this report include Cadence Design, Mentor Graphics, and Synopsys.
Technavio’s market research analysts estimate the global EDA market in the aerospace and defense sector to grow at a CAGR of around 8% between 2015 and 2019. Much of this market’s growth comes from the rising demand for semiconductor chips. The global EDA market in the aerospace and defense industry is majorly driven by Americas, which occupies around 47% of the total market share. The region is home to some of the leading EDA providers. US has the largest military expenditure in the region, which is a primary driver of the market in the Americas.
The new market research report from Technavio provides a breakdown and analysis of the electronic design automation segments by technology.
“Companies increasingly prefer to use cloud-based EDA software such as Synopsys VCP and Cadence hosting design solutions, owing to its cost-effectiveness. The deployment of EDA in cloud leads to low cost, faster distribution, low maintenance, and increase in scalability. The market is expected to witness increase in demand for cloud based EDA from SMEs in APAC, which do not have the sufficient capital to invest in in-house EDA license for their product design,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research
CAE emerged as the largest segment in the global EDA market in 2014. It includes ESL, RTL simulation, hardware-assisted verification, analysis tool, synthesis, analog and mixed signal simulator, formal verification, design entry, logic, and formal verification.
The key players in the global EDA market in the aerospace and defense sector include Cadence Design, Mentor Graphics, and Synopsys. Being a labour intensive market, it demands the presence of EDA expert professional in large volume. Growing complexity of electronics led to demand for application specific EDA vendors in the market.
A more detailed analysis is available in the Technavio report, Global EDA Market in the Aerospace and Defense Sector 2015-2019.
We can customize reports by other regions and specific segments upon request.
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