Electronic design automation is a software tool which is used in the industries for the designing complex electronic systems. Various Electronic Design Automation tools are used to design and develop complicated and large-scale circuits, which are used in products across different industries. Some of the systems are- CAE (computer added engineering), IC (integrated circuits) among others. Integration of cloud has revolutionized the market of Electronic Design Automation. It also encompasses algorithms and methodologies for the design of very large-scale ICs.
The adoption of Electronic Design Automation leads to a reduction in the design time, errors, and cost and is mainly used in the manufacture of aerospace and defence equipment. Electronic Design Automation tools help semiconductor and electronic product manufacturing companies reduce product development time and increase the accuracy of design. Cloud Electronic Design Automation provides its users a pay-per-usage design environment. The pay-per-use environment effectively reduces the extra costs. Electronic Device Automation system on cloud is a new concept. Industries are yet to hold grips with the cloud Electronic Design Automation systems. This factor is challenging the cloud electronic display market.
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The prominent players in the global Cloud Electronic Design Automation Market are Cadence Design Systems, Mentor Graphics, Synopsys, Agilent, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, Sigrity, Zuken among others.
Global Cloud Electronic Design Automation Market Segmentation
The global Cloud Electronic Design Automation Market has been segmented on the basis of type, application and region. On the basis of type, the market is classified into the market is fragmented into CAE, SIP (semiconductor intellectual property), IC Physical Design and Verification, Printed Circuit Board (PCB) and Multi-chip Module (MCM). By application, the market is categorized into Military/Defense, Aerospace, Telecom, Automotive, Industrial and others. Largest market share is acquired by the military/defense application segment.
Cloud Electronic Design Automation (EDA) Market is growing with the positive growth in all the regions. Growing need of efficient and automated manufacturing system in the industry is driving the market of cloud EDA around the world. By geography, North America is dominating the market due to the presence of global players in the region and high development in the field of technology and cloud computing is supporting the market growth in North America region. Also, high development and adoption of automation in the manufacturing sector in U.S. and Canada is also helping the market growth. Asia-Pacific stands as second largest market for cloud EDA. Rich presence of semiconductor manufacturing companies in China, Japan and South Korea are some of the major driving factors supporting the market in Asia Pacific. Also, high demand for consumer electronic products from the region is forcing the manufacturers to adopt latest technologies in the manufacturing process. Europe stands as third largest market for the cloud EDA. Presence of developed countries such as Germany, France, Italy, Netherlands and U.K. are one of the major driving factor behind the growth of the market in Europe region. Also, growing automotive industry in European region is also driving the market
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- Hardware manufacturers
- Semiconductor Companies
- IC manufacturers
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