Electronic Design Companies - Cadence Design Systems, Inc. (US) and Synopsys Inc. (US) are the Key Players
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), Advanced Micro Devices (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), ElectroMagnetic Works Inc. (Canada), Mirabilis Design Inc. (US), Eremax (Russia), Schindler & Schill GmbH (Germany), Primarius Technologies (US), West Dev (UK), Vennsa Technologies (Canada), Protean Tecs (Israel), and Altair Engineering Inc.(US). These players have adopted various growth strategies, to strengthen their position in the electronic device automation market. The strategies include product launches, expansions, partnerships, collaborations, and mergers and acquisitions.
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Cadence Design Systems, Inc. (US)
Cadence Design Systems, Inc. (US) is the leading electronic design automation solution provider across the globe. The company mainly operates through five different segments including Custom IC Design and simulation, Digital IC Design and Signoff, functional verification, IP, and System Design Analysis. The company invests heavily on research and development which strengthens its patent portfolio. Also, it focuses on organic strategies such as product launch to offer the technologically advanced products. Cadence Design Systems Inc. (US) has presence in North America, Europe, Asia Pacific, and Middle East and Africa.
Synopsys Inc. (US)
Synopsys, Inc. (US) is the provider of advanced technologies for chip design, verification, IP integration, and software. It operates through two segments including Semiconductor & System Design and Software Integrity. The company supplies the electronic design automation software through its Semiconductor & System Design segment. Synopsys Inc. (US) focuses on inorganic growth strategies such as collaborations, partnerships, and acquisitions to gain the competitive advantage over other players. Across the Americas, Europe, the Middle East and Africa, and Asia-Pacific, the company conducts business.
Siemens (Germany)
Siemens (Germany) specializes in automation and digitalization for process and manufacturing industries. Apart from this, it provides the solutions for intelligent infrastructure for buildings, and distributed energy systems, smart rail and mobility solutions, and medical technology. The digital industries segment of Siemens offers comprehensive product portfolio and solutions for automation which are used in discrete and process industries. The company 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. It operates in North America, Europe, South America, Asia Pacific, and Middle East and Africa.
Ansys Inc (US)
Ansys Inc. (US) develops engineering simulation software for industries such as aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports. It provides the electronic design automation solution through various categories such as platforms, structures, fluids, electronics, semiconductors, embedded software. The company maintains its connection with top electronic software companies through partnerships and collaborations. It operates in North America, Europe, South America, Asia Pacific, and Middle East and Africa.
Related Reports:
Electronic Design Automation Market by Product Category (CAE, Semiconductor IP, PCB & MCM), Deployment Mode(On-premises, Cloud-based), End-Use Application, End User (Consumer Electronics Industry, Automotive, Healthcare), Region - Global Forecast to 2028
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