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.