Electronic Design Automation (EDA) Software Market Worth $ 19.69 Billion, Globally, by 2027 at 9.22% CAGR: Verified Market Research™

Electronic Design Automation (EDA) Software Market Worth $ 19.69 Billion, Globally, by 2027 at 9.22% CAGR: Verified Market Research™

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Growing preference for compact devices is prompting electronics manufacturers to opt for smaller-size circuits and miniaturized chips/ICs, which can be complex to design. Hence, electronics manufacturers are increasingly adopting EDA software to achieve precision in designing circuits and ICs, thereby driving the marketJersey City, New Jersey, March 04, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Electronic Design Automation (EDA) Software Market by End-User (microprocessors and controllers, memory management units, and others), Geography”. According to Verified Market Research, the Global Electronic Design Automation (EDA) Software Market was valued at USD 10.62 Billion in 2020 and is projected to reach USD 19.69 Billion by 2027, growing at a CAGR of 9.22% from 2021 to 2027 Download PDF Brochure: https://www.verifiedmarketresearch.com/ download-sample/?rid=28941">https://www.verifiedmarketresearch.com/ download-sample/?rid=28941 Browse in-depth TOC on “Electronic Design Automation (EDA) Software Market” 202 - Pages 126 – Tables 37 – Figures Global Electronic Design Automation (EDA) Software Market Overview Growth of the Internet of Things (IoT) coupled with connected devices is driving the electronic design automation (EDA) market growth. With the rise in the adoption of sensors, the revenue for the IoT industry from sensing devices will witness rapid growth owing to two key trends, decreasing Average Selling Prices (ASPs) and advances in sensor technologies. The electronic design helps companies design low-powered, tiny, and innovative platforms. For instance, in February 2014, Freescale Semiconductor, Inc., a semiconductor manufacturing company, introduced Kinetsis KL03, a MCU platform, that measures less than 2 mm square and can be included in a golf ball, eaten through a pill, and worn invisibly. The transition toward smaller and efficient semiconductors will positively impact the industry growth over the coming years. Moreover, the adoption of these tools is helping reduce errors and design time & cost, driving the demand for the solutions from aerospace & defense, consumer electronics, and automotive sectors. In addition, advancements in System on Chip (SoC) is driving the market growth. Growing intricacies in programmable components is demanding innovative design methodologies. Product architects need to evaluate numerous design constraints in a short time and develop tools for the new/upcoming architecture. The major players in the market are Synopsis, Inc., Silvaco, Inc., ANSYS, Inc., Cadence Design Systems, Inc., Mentor, Vennsa Technologies and Altium LLC. Verified Market Research has segmented the Global Electronic Design Automation (EDA) Software Market On the basis of End-User, and Geography. Electronic Design Automation (EDA) Software Market by End-User Microprocessors & ControllersMemory Management UnitsOthers Electronic Design Automation (EDA) Software Market by Geography North America U.SCanadaMexico Europe GermanyFranceU.KRest of Europe Asia Pacific ChinaJapanIndiaRest of Asia Pacific ROW Middle East & AfricaLatin America Browse Related Reports: Railway Management System Market by Solution (Rail Operations Management System, Rail Traffic Management System, Rail Asset Management System, Rail Control System, and Others), by Service (Consulting, System Integration and Deployment, and Support and Maintenance), Geography, Forecast, 2020-2027 Smoke Detector Market by Power Source (Battery powered, Hardwired with battery backup, and Hardwired without battery backup), by Product (Photoelectric smoke detector, Ionization smoke detector, Dual sensor smoke detector, and Others), by End User (Residential, Commercial, Oil, gas & mining, Transportation & logistics, Telecommunications Manufacturing, and Others), Geography, Forecast, 2020-2027 Magnetic Refrigeration Market by Product (Heat Pumps, Refrigeration Systems, and Air Conditioning System), by Application (Transportation, Industrial, Domestic, and Commercial), Geography, Forecast, 2020-2027 Motion Control Market by Industry (Aerospace and Defense, Automotive, Semiconductor and Electronics, Food and Beverages, Medical, Printing and Paper, Metal & Machinery Manufacturing, Oil and Gas and Others.), by Application (Assembly/Disassembly, Converting, Inspection/Measuring Positioning, Slicing, Shearing, And Cutting, Material Handling, Metal Fabrication, Packaging.), by Component (Actuators & Mechanical Systems, Ac Drives, Electric Drives, Motion Controllers, Ac Motors, Motors, Sensors And Feedback Devices, Others.), Geography, Forecast, 2020-2027. Top 10 industrial robotics companies pushing the limits of mass production internationally Visualize Electronic Design Automation (EDA) Software Market using Verified Market Intelligence:-: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. 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