Electronic Design Automation Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global EDA market to grow at a CAGR of 5.5 % during the period 2017-2021 .
According to the report , the semiconductor industry is one of the major contributors to the global EDA market . The persistent decrease in the size of semiconductor chips and the increased scale of integration have compelled semiconductor manufacturing companies to use the available EDA tools . This helps them counter the complexities and difficulties that are associated with the designing of semiconductor chips . EDA tools have substantially reduced the overall product development time from two to three years to two to three weeks . The continuous growth in the semiconductor industry has triggered an increase in the demand for EDA tools .
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Further , the report states that system-in-package is one of the design automation models in the EDA market . It provides higher operational efficiency , functional integration , and cost reduction compared to other traditional models in EDA . However , the integration of a 3D system-in-package requires modifications in existing EDA tools . Therefore , customers are forced to change or modify their existing EDA tools , which increases the overall cost of ownership for EDA customers .
About EDA
PLM software deals with different functional levels of an organization , design engineering , manufacturing , and product designing , The need to manage a product from the concept stage to the servitization stage has led to the emergence of PLM software and services . The increase in product complexities and product portfolio across organizations has created a demand for solutions in the production process across industries . The implementation of PLM in an organization improves capital efficiency , revenue generation , and cost management .
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Covered in this report
The report covers the present scenario and the growth prospects of the global EDA market for 2017- 2021 . To calculate the market size , the report considers the revenue generated from EDA tools .