Electronic Design Automation Software Market Size, Share & Trends Report

Electronic Design Automation Software Market Size, Share & Trends Analysis Report By Product, By Deployment, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-073-6
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the electronic design automation software market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for electronic design automation software market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of electronic design automation software market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Electronic Design Automation Software Market Categorization:

The electronic design automation software market was categorized into five segments, namely product (Computer-aided Engineering, IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module, Semiconductor Intellectual Property, Services), deployment (Cloud, On-premise), application (Aerospace and Defense, Automotive, Healthcare, Industrial, Consumer Electronics), end-use (Microprocessors & Controllers, Memory Management Unit), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The electronic design automation software market was segmented into product, deployment, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The electronic design automation software market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Germany; the UK.; France; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Mexico; Argentina; UAE; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Electronic design automation software market companies & financials:

The electronic design automation software market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Cadence Design Systems, Inc.: is a provider of tools and hardware necessary for the electronics design chain. The company’s products and services help design consumer electronic products, such as mobiles and Internet of Things (IoT) devices, as well as industrial applications, such as data centers. Its system design enablement (SDE) solutions are used to design electronic systems, electronic devices, and small and complex integrated circuits (ICs) in their entirety. It caters to incumbents in various industries, including defense & and aerospace, automotive, and telecommunications. Cadence Design Systems, Inc. categorizes its products under functional verification, digital IC design and signoff, custom IC design and verification, system interconnect and analysis, and design intellectual property (IP)

  • Synopsys, Inc.: The company is a developer of Electronic Design Automation (EDA) software. The company’s EDA products include field programmable gate array (FPGA) design software, digital and custom IC design software, and verification products. Its EDA software is used by software developers and engineers to design and test integrated circuits (ICs). It offers its products and solutions to incumbents of various industries, including electronics, healthcare, automotive, financial services, media, and energy. Synopsys, Inc. provides the software and hardware necessary to validate electronic systems. The company also offers technical services and support that can aid the development of advanced chips and electronic systems and improve the security and quality of software code.

  • Mentor, a Siemens Business: The company provides hardware and software design solutions and consulting and customer support services that can help in developing cost-effective electronics products. The company’s Electronic Design Automation (EDA) tools are used to automate the designing, analysis, and testing of complex electronics hardware, electro-mechanical systems, and embedded systems software in electronics systems and components. It was acquired by Siemens in March 2017 and has been a part of Siemens’ product lifecycle management (PLM) software business since then. Mentor, a Siemens Business offers products and services under five categories, namely IC design to silicon, scalable verification, integrated system design, new and emerging products, and services, and others. Scalable verification tools are used to verify the functioning of the IC and FPGA designs via simulation and debugging. The new and emerging products category includes specialized software tools for the designing, analysis, and documentation of electrical systems in aerospace, automotive, and other transportation platforms. The service and other divisions comprise a team of consulting professionals to provide various services, including methodology development, enterprise integration, large-scale deployment, and process design.

  • Silvaco, Inc.: The company is a provider of EDA software tools used for process and device development as well as for designing analog/mixed-signal, memory designing, and power IC. The company delivers TCAD-to-Signoff flow for various verticals including power electronics, optical devices, displays, library and memory design, radiation & soft error reliability, and IP development. The company’s customer base includes automotive OEM suppliers, display companies, and 5G and IoT providers. Silvaco, Inc. provides technology computer-aided design (TCAD) products under multiple categories, namely process simulation, device simulation, interactive tools, parasitic extraction tools, SPICE simulation tools, SPICE model extraction tools, and EDA software. The company has marked its presence across the Americas, Asia, and Europe. It has research & development centers in countries such as Denmark, Russia, Taiwan, the U.S., France, and the U.K. The company has several foundry, semiconductor, EDA, and design services partners that include companies such as HDL Design House; Cadence Design Systems, Inc.; ChipEstimate.com; Adesto Technologies Corporation; Infineon Technologies AG; and Texas Instruments Incorporated.

  • Vennsa Technologies: Vennsa Technologies is a developer of automated debugging and error localization software. The company offers a product called Vennsa OnPoint, which helps in automating the manual tasks associated with debugging and error localization at the register transfer level (RTL) by reducing the time required to locate and correct errors. Vennsa Technologies’ customers include semiconductor companies and communication electronics companies. Panasonic Systems Networks is one of its customers. The company has also collaborated with several EDA software developers, including Mentor, a Siemens Business; Synopsys, Inc.; Averant, Inc.; Verific Design Automation; and Concept Engineering.

  • ANSYS, Inc.: The company is engaged in the development and marketing of simulation software and services used by designers, engineers, students, and researchers. The company’s software and service offerings are used in various industries, including defense & aerospace, materials and chemical processing, energy, electronics, healthcare, turbomachinery, semiconductors, automotive, and sports. ANSYS, Inc. offers a broad range of products across several categories, including simulation platform, ANSYS Workbench, fluids, structures, semiconductors, electronics, systems, embedded software, high-performance computing (HPC), 3-D direct modeling, AIM, multiphysics, customization, and academic. The structures portfolio includes explicit dynamics and composites. It includes a structural analysis product suite that provides simulation tools for product design and optimization, which minimize physical prototyping, increase productivity, and help in delivering innovative products efficiently. The fluids product suite comprises specialized products and general-purpose computational fluid dynamics software for industry-specific applications.

  • Altium LLC: The company is primarily engaged in the development and marketing of software used for designing electronic products. Altium LLC offers its solutions across several industries, including automotive, defense & aerospace, communication, contract engineering, education, consumer electronics, industrial systems, entertainment, and bioscience & medical. The company operates through three operating segments, namely Board and Systems; Microcontrollers and Embedded Systems; and Electronic Parts, Search and Discovery. The company’s revenue is majorly generated from software licenses, subscription and maintenance services, service revenue, and search advertising. The company offers various technology solutions that can help designers in saving time and money while designing electronics. These solutions are offered under the design-to-cost category. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Electronic Design Automation Software Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Electronic Design Automation Software Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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