According to the recent research report titled ‘Hardware-Assisted Verification Market Size, By Platform (Hardware Emulation, FPGA Prototyping), By Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical, Telecom), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’ available with MarketStudyReport, global hardware-assisted verification (HAV) market is estimated to witness significant growth by 2027.

Global hardware-assisted verification market growth is driven by widespread adoption of IIoT peripherals, soaring energy consumption, and rising computing power. Other factors driving the market expansion are integration of 5G communications that require powerful verification tools coupled with growing popularity of autonomous driving, machine learning, and artificial intelligence (AI) technologies.

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Various companies are focusing on deploying lucrative strategies to monetize on the emerging market trends. This coupled with growing demand for industrial automation is adding traction to the overall market size.

Global hardware-assisted verification industry space is segmented based on application type, by platform type, and regional analysis. In terms of platform type, the market is further classified into hardware emulation and FPGA prototyping.

On basis of application range, the market is divided into consumer electronics, automotive, telecom, medical, industrial, aerospace & defense, and others. Global hardware-assisted verification market share from the aerospace & defense segment is estimated to register a CAGR of 10% through 2027, owing to the escalating requirement of high-performance solutions in aerospace sector.

The regional landscape of this marketplace involves Middle East & Africa, North America, Latin America, Europe, and the Asia Pacific. Among these, the report cites that Middle East & Africa is likely to emerge as a major revenue generator for the market participants in the ensuing years, given the growing investments in the semiconductor space.

The leading companies operating in global hardware-assisted verification market are Temento Systems S.A., Synopsys Inc., Synapticad Sales Inc., Siemens AG, Real Intent Inc., Innovative Logic Inc., Hardent, EMA Design Automation Inc., Cadence Design Systems Inc., Blue Pearl Software Inc., Ansys Inc., Aldec Inc., Agnisys Inc., and Fishtail Design Automation.