[ad_1]
The “EDA Tools – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global EDA Tools Market to Reach $14.9 Billion by 2026
The global market for EDA Tools estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$14.9 Billion by 2026, growing at a CAGR of 8.7% over the analysis period.
The growth of the global market is set to be driven by strong performance of the semiconductor industry and increasing adoption across diverse industry verticals. Intended to streamline design flows, EDA tools are finding increasing acceptance at the expense of manual approaches for designing of semiconductors and circuit boards.
The market is poised to gain from increasing demand for these tools across different industries such as automotive, medical, communications, electronics, machinery and aerospace & defense. While the market received a major setback from the impact of COVID-19 on the semiconductor industry, it is anticipated to regain momentum due to consistent demand for chips and printed circuit boards along with strong focus of players on simulation of system-level designs.
The market is slated to benefit from the emergence of advanced chip architectures and AI applications. The increasing acceptance of FinFET architecture to develop and design sophisticated processors, adoption of emerging technologies like VR, AI and IoT, and rising popularity of SoC technology are anticipated to present new growth opportunities for EDA tools.
Semiconductor Intellectual Property (SIP), one of the segments analyzed in the report, is projected to grow at a 9.2% CAGR to reach US$6.4 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Computer-Aided Engineering (CAE) segment is readjusted to a revised 7.7% CAGR for the next 7-year period. This segment currently accounts for a 29.9% share of the global EDA Tools market.
Semiconductor IP (SIP) refers to reusable design aspects including chip layout, and cell among other components used in manufacturing advanced Integrated Circuits (IC). The concept of computer-aided engineering (CAE) involves the use of computer software tools for performing analysis tasks , like computational fluid dynamics, …
Full story available on Benzinga.com
[ad_2]
Source link
