According to the research report titled, ‘Electronic Design Automation Market Size By Product (Computer Aided Engineering (CAE), IC Physical Design & Verification, Printed Circuit Board (PCB) & Multi-Chip Module (MCM), Semiconductor Intellectual Property (SIP), Services), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Industrial, Medical, Telecommunications), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available MarketStudyReport, global electronic design automation market is anticipated to grow significantly during 2021-2027.
 

Increasing adoption of IoT solutions, connected devices and automotive electronics, strong demand for smart phones across major geographies, rapid advancements in SoC technologies, and booming semiconductor IP industry are the major factors propelling the growth of global electronic design automation market.
 

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For the unversed, electronic design automation tools are used to design and develop electronic systems like Integrated circuits (ICs) and Printed Circuit Boards (PCBs). The workflow of EDA is highly complexed and includes frontend design, stimulation, verification along with applications like design rule checks, timing and power analysis.
 

In addition, rising usage of Field Programmable Gate Arrays (FPGAs) across data centers along with escalating demand for EDA tools in the automotive sector in various regions are augmenting the overall industry outlook.
 

On the contrary, intellectual property issues and evolution are likely to impede market progression in the ensuing years.
 

By product type, the semiconductor intellectual property segment is expected to amplify substantially through 2027 owing to high demand for secure silicon IP which is used in computer peripheral devices, telecommunication systems, consumer electronics, and networking.
 

Based on application spectrum of global electronic design automation market, the consumer electronics segment is poised to showcase significant growth over the forecast duration due to ongoing technological advancements and the rising trends towards miniaturization of electronic systems.
 

Considering the geographical ambit, North America market is poised to expand considerably over 2021-2027 accreditable to the rising integration of complex electronic systems in vehicles along with the different strategies adopted by leading players to strengthen their market foothold.
 

Zuken. Inc., Xilinx Inc., Ucamco N.V., Teklatech A/S, Synopsys Inc., Silvaco Inc., Siemens AG, National Instruments Corporation, Mirabilis Design Inc., Lauterbach GmbH, Labcenter Electronics Ltd., Keysight Technologies Inc., Jeda Technologies Inc., Invionics Software Inc., Intercept Technology Inc., Electromagneticworks Inc., EasyLogix-Schindler & Schill GmbH,  and EasyEDA are the leading players operating in global electronic design automation market.