Lucintel Forecasts the Global Electronic Design Automation Market to Reach $17.4 by 2030.

CITY, Country, 2023-Nov-03 — /EPR Network/ —

According to a market report by Lucintel, the future of the global electronic design automation market looks promising with opportunities in the consumer electronics industry, automotive, and healthcare markets. The global electronic design automation market is expected to reach an estimated $17.4 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are growing demand for electric automobiles, increasing vehicle digitization, and growing need in the aerospace and military industry for EDA solutions.

A more than 150 — page report is developed to understand Trends, opportunity and forecast in electronic design automation market to 2030 by product category (CAE, semiconductor IP, and PCB & MCM), deployment mode (on-premises and cloud-based), end use (consumer electronics industry, automotive, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, on-premises and cloud-based are the major segments of electronic design automation market by deployment mode. Lucintel forecasts that on-premises will remain the larger segment over the forecast period due to growing need to manage their operational processes to improve their efficiency and productivity, and aids in giving businesses more control over critical information and procedures.

Within this market, consumer electronics will remain the largest segment due to growth for advanced gadgets such as smart TVs and smartphones.

APAC is expected to witness fastest growth over the forecast period due to increase in the number of businesses engaged in electronic manufacturing, growth of the cloud computing industry, rising use of smartphones, and the rising appeal of smart wearables.

Cadence Design Systems, Synopsys, Siemens, ANSYS, Keysight, Advance Micro Devices, Einfochips, Altium, Zuken, and Silvaco are the major suppliers in the electronic design automation market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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