As per the research report titled ‘Global Electronic Design Automation (EDA) Market 2022-2028’, available with MarketStudyReport, global electronic design automation (EDA) market is anticipated to accrue a valuation of USD 17,284 million, registering a CAGR of 8.8% through 2028.

The crucial factors contributing to the expansion of global electronic design automation (EDA) industry consist of rising utilization of complex integrated circuits (ICs), increasing preference for consumer electronics incorporated with advanced technologies, growing adoption of connected devices, and flourishing VR, IoT, and AI fields.

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Furthermore, emergence of EDA systems incorporated with Machine Learning, an increasing adaption of FinFET (fin field-effect transistor) architecture to design modern processors, wide utilization of SoC technology, and rising demand for teleconferencing instruments in the COVID-19 period are also responsible for the growth of the market.

Along with the growth drivers, the report also focusses on unveiling profitable opportunities in the market for stakeholders to leverage. Information pertaining to challenges and bottlenecks, alongside plans to tackle them are entailed in the document.

Based on the type, global electronic design automation market is segmented into semiconductor intellectual property (SIP), IC physical design & verification, computer-aided engineering (CAE), and printed circuit board (PCB), and multi-chip module (MCM).

Bifurcation of the market concerning the application consists of healthcare, consumer electronics, automotive, aerospace & defence, communication, industrial, and others. Also, the report studies the market trends across Asia Pacific, North America, and Europe to identify potential revenue prospects.

The reputable company profiled in this report comprise Zuken Inc., Synopsys Inc., Siemens AG, Schindler & Schill GmbH (EasyLogix), Labcenter Electronics Ltd., EnSilica PLC, Cadence Design Systems Inc., Ansys Inc., Aldec Inc., Xilinx Inc., Silvaco Inc., Shenzhen EDA Technologies Co. Ltd., Mirabilis Design Inc., Keysight Technologies Inc., ElectroMagneticWorks Inc. (EMWorks Inc.), Autodesk Inc., Altium Limited, and Agnisys Inc. Lastly, the research recognizes and examines the profiles of topmost players responsible for growth of global electronic design automation industry.