Electronic Design Automation Market

Market Leadership - Electronic Design Automation Market

The global electronic design automation market was valued at USD 11.5 billion in 2020 and is estimated to reach USD 18.1 billion by 2026, registering a CAGR of 7.7% during the forecast period. The increasing demand for complex integrated circuits (ICs) and technologically advanced consumer electronics along with growing adoption of connected devices are the major driving factors for the growth of the electronic design automation market.

The key players operating in the electronic design automation are Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), Siemens (Germany), ANSYS, Inc. (US), Keysight Technologies, Inc. (US), Xilinx, Inc. (US), eInfochips (US), Altium Limited (Australia), Zuken Inc. (Japan), Silvaco, Inc. (US), Open-Silicon, Inc. (US), Aldec, Inc. (US), EnSilica (UK), Agnisys Inc. (US), Ucamco (Belgium), Labcenter Electronics (England), Mirabilis Design Inc. (US), Schindler & Schill GmbH (Germany), and Eremex, Ltd. (Russia). These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, and mergers and acquisitions to retain their presence in the electronic design automation market. Product launches has been the most dominating strategy adopted by the key players from January 2018 to August 2021 to help them strengthen their product portfolio and broaden their customer base.

To know about the assumptions considered for the study download the pdf brochure

Cadence Design Systems, Inc. held the leading position in the electronic design automation market as one of the key providers of electronic design automation solutions. It helps electronic systems and semiconductor companies build creative end-products. The company offers software, hardware, and Intellectual Property (IP) through its Intelligent System Design strategy to help customers design concepts for market applications such as consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial, and healthcare. The company held ~19%21% share of the electronic design automation market in 2020. Moreover, Cadence Design Systems, Inc. has been focusing on the implementation of both organic and inorganic growth strategies in the form of new product launches, and partnerships.

Synopsys, Inc. held the second position in the electronic design automation market. It is one of the leading products and service providers of advanced technologies for chip design, verification, IP integration, and software security and quality testing. Synopsys, Inc. held ~17%–19% share of the electronic design automation market in 2020. The company holds a strong position in the electronic design automation market. Over the years, the company has developed numerous products. Synopsys, Inc. focuses on organic and inorganic growth strategies such as product launches, collaborations, acquisitions, partnerships, and agreements to sustain its position in the electronic design automation ecosystem.

In March 2017, Siemens acquired Mentor Graphics, a leading electronic design automation software company, for ~USD 4.5 billion to increase its footprint in automated technologies by offering software-based designs. Currently, Siemens offers a comprehensive electronic design automation product portfolio that comprises IC Design, Verification & Manufacturing, IC Packaging Design & Verification, Electronic Systems Design & Manufacturing, electronic design automation Services, and Xcelerator Academy. It has been strategically implementing a mix of organic and inorganic growth strategies in the form of new product launches and acquisitions to sustain its value in the market.

ANSYS, Inc. is one of the prominent players in the electronic design automation market and has secured fourth position. The company develops and markets engineering simulation software and services. The electronic design automation products such as ICs, PCBs, and related software are a part of the photonics, semiconductors, and electronics product categories. The company maintains marketing and software development relationships with top electronic design automation software companies such as Cadence Design Systems, Inc., Synopsys, Inc., Siemens EDA, and Zuken. These connections facilitate data transmission between the ANSYS electronics design and layout software and its electronics simulation portfolio. The company’s focus on new collaborations and acquisition has helped it to consolidate its position in the electronic design automation market.

Keysight Technologies, Inc. has secured fifth position in the electronic design automation market. It is an electronic measurement company that provides electronic design and test solutions. It is used in the simulation, design, validation, manufacture, installation, optimization, and secure operation of electronics systems in the communications, networking, and electronics industries. The company operates through two business segments: Communications Solutions Group and Electronic Industrial Solutions Group. The electronic design automation software provided by the company is a part of both the business segments. Keysight Technologies, Inc. has been focusing on the implementation of organic growth strategies in the form of product launches.

Related Reports:

Electronic Design Automation Market with COVID-19 Impact Analysis by Product Category (IC Physical Design & Verification), Deployment Mode (On-premises, Cloud-based), End-Use Application, End User, and Region - Global Forecast to 2026

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 2915
RI Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Electronic Design Automation Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2022 MarketsandMarkets Research Private Ltd. All rights reserved