Global Electronic Design Automation Industry
Overview
The Electronic Design Automation Market has undergone dynamic change in the recent past due to the rapid evolution of technology and innovation. Electronic Design Automation (EDA) can also be defined as the electronic computer-aided design which is used for the purpose of designing electronic systems like printed circuit boards and integrated circuits. It has been estimated that the emerging industry will grow by more than USD 3.67 billion during the forecasted period. In the recent years, the industry has exhibited strong performance at the global level due to the constrictive electronic product development, the rising importance of systems on chips and high use of the Internet of Things (IoT) technology.
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A thorough evaluation of the global Electronic Design Automation Market has been carried out to capture its growth potential during the forecasted period. Some of the key opportunities, market threats and market drivers that exist in the industry have been critically analyzed. The competitive intensity of the market has been identified by identifying the major players in the industrial setting. In addition to these elements, the major market dynamics have also been captured as they could influence the growth of the market during the forecasted period.
Major market divisions
The Global Electronic Design Automation industry can be divided on the basis of product type, testing type, application, end-users and geographical regions. On the basis of product type, the sub-categories of the market include Integrated Circuit (IC), Printed Circuit Board (PCB), Computer-Aided Engineering (CAE), Programmable Logic Device (PLD), and others. Based on the testing type, the main categories of the market are Physical Testing, Cross Testing, Clock Domain, Static Timing Analysis, and others. In the application segment, the main divisions of the market include Place and Route, Hardware Compilers, Mask Generation, Hardware Simulation and others. The key end-users of the industry are Consumer Electronics, Aerospace and Defense industry, Healthcare sector, automotive market, and others. The main geographical regions where the market has established a strong existence include North America, Europe, the Middle East, and Africa, and Latin America. The major nations where the market exists include Mexico, Canada, the United States of America, India, China, Japan, and Brazil.
Competitive setting
The global Electronic Design Automation Market is considered to be one of the most attractive markets of the 21st century. Due to this, a number of layers have entered the scene and intensified the level of competition. Some of the major players that influence the overall performance of the market include IKOS System Inc., Cadence Design Systems, Ansoft Corporation, Avant Corporation, Synopsys Inc., Mentor Graphics Corporation and many more. These players could have a major implication on the performance of the industry during the forecasted period.
Key industry happenings
Cadence Design Systems (CDNS) is known as one of the key players of the Electronic Design Automation industry. In September 2019, the stocks of the business undertaking have been performing quite well. In the latest trading session, CDNS closed at USD 66.92 and marked a -1.2 percent move from the previous day. The robust performance of the business in the trading scene shows that it has the potential to mold the overall performance and demand of the industry in the near future.
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