This industry 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 has released its new market research report, global EDA in aerospace and defense sector, which is expected to grow at a CAGR of 8% between 2015 and 2019. The global EDA in the aerospace and defense sector has started to grow at a faster rate due to the rising demand for semiconductor chips. The Americas dominate the global market for EDA in the aerospace and defense sector, accounting for 47% of the overall market share. Rise in military expenditure of US has created huge demand for EDA in this region.
“Companies are increasingly adopting cloud-based EDA due to its cost-effectiveness. The users do not have to pay the license costs as they can access the software through the cloud, which offers faster distribution, lower maintenance and increased scalability. Synopsys VCP and Cadence Hosting Design Solutions are some of the major cloud-based EDA providers in the market,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
CAE is the largest segment in the global EDA market. It includes ESL, RTL simulation, hardware-assisted verification, analysis tool, synthesis, analog and mixed signal simulator, formal verification, design entry, logic, and formal verification. ESL is the fastest-growing segment within CAE. Owing to its system-level approach of the tools that enables users to design, verify, and simulate simultaneously at lower costs and in less time.
The leading vendors in the global EDA in aerospace and defense sector include Cadence Design, Mentor Graphics, and Synopsys. This market is a labour-intensive market, which demands the presence of EDA expert professionals in large volume. Increase in M&A among vendors have created huge opportunities for new players to enter the market.
A more detailed analysis is available in the Technavio report, Global EDA in Aerospace and Defense Sector 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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