Market Analysis Report U.S. EDA Software Market | Page 2

Your Catalyst to a Lucrative Business
With an increase in VLSI design, EDA also becomes complicated. EDA software’s are majorly used by
electronic equipment manufacturers. Majorly the products include televisions, DVD and multimedia
players, video recorders, Wi-Fi adapters, smartphone components, and many more.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-electronic-design-automation-eda-
software-market
Dynamic nature of the consumer electronics market is expected to increase the demand for electronic
design automation software over the forecast period. The trend of continuous product development
showcased by the consumer electronics market has led in a very active R&D department which is
involved in designing of components for new and latest products. This process uses EDA software for
circuit and IC designing.
Additionally, rapid penetration of Internet of Things (IoT) is expected to drive the demand for EDA
software’s as these new products require designing from scratch. Increasing usage of internet will help
EDA developers to provide software’s and services through online portals. Such strategies are
expected to improve market penetration for new players in the market. Provision of online portals will
help the players to reduce capital expenditure, infrastructure costs, improvement in the supply chain,
and cost of ownership which will, in turn, improve profit margins for the providers.
The design software is expected to emerge as a lucrative segment on account of its heavy usage
across all industries. Usage of design software’s is done across all product developments where
circuits are involved.
Circuits act as a basis for connections and EDA software’s are used to design those circuits. The
microprocessor & microcontroller segment is expected to show noticeable growth pertaining to demand
for microprocessors & microcontrollers in the majority of electronics used on a day to day basis. Rapid
penetration of latest technology and trends in the U.S. makes it a potential marketplace.
Key players in the U.S. electronic design automation market comprise of Cadence Design Systems,
Synopsys, Inc., Mentor Graphics, ZUKEN INC., Silvaco, Inc. and many more players. Manufacturers
are concentrating on providing highly accurate software with updates over the period of usage. The
market is largely controlled by well-established players even though the share of small players is
noticeable too. Manufacturers are concentrating on providing cost-effective tools and solutions to the
end users in order to capture the untapped market.
Hexa Research has segmented the U.S. electronic design automation software (EDA) market report
based on type and end use:
Segmentation by Type
• Verification
• Simulation
• Design Software
Segmentation by End Use
• Microprocessors & Controllers
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