Electronic Design Automation Market Is Expected To Grow At a CAGR of 12.0% During The Forecast Period 2019 – 2027

SYNOPSYS, KEYSIGHT TECHNOLOGIES, AUTODESK, ZUKEN, AND CADENCE – PROMINENT MARKET PARTICIPANTS IN ELECTRONIC DESIGN AUTOMATION MARKET

The prominent market players in the electronic design automation market are Synopsys, Keysight Technologies, Autodesk, Zuken, and Cadence among others account a considerable share of the market owing to their exceptional product offerings to the market.

The electronic design automation market in the recent years witnessed several partnerships amid EDA services and end-user industries. The trail of partnerships in the EDA software market in past few years has therefore paved the growth opportunity for market. For instance in November 2018, Keysight Technologies, Inc. partnered with ON semiconductor for facilitating EDA services in order to empower its devices. Furthermore, in June 2018 Siemens had announced its partnership with Synopsys, Inc. on a wide range of electronic design automation (EDA) product interoperability projects for the benefit of their mutual customers. The collaboration spans a number of EDA domains from design to verification.

Market leaders are involved in taking up various electronic design automation market initiative such as expanding footprint across the world and meet the growing demand of its customers, focusing towards product enhancements by implementing advanced technologies, and signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, recently, Synopsys, Inc. announced the new DesignWare ARC EM Software development Platform with the aim of accelerating software development and debugging ARC EM processor-based system-on-chips for a wide range of ultra-low power embedded applications such as sensor fusion, IoT, and voice applications. Furthermore, in 2018, Mentor announced the acquisition of COMSA Computer and Software GmbH, with this acquisition the company further extending its lead in automotive electrical systems design. Subsequently, introduction of such initiations are expected to provide this market with lucrative growth opportunities.

Many well-known as well as small local companies are present in the electronic design automation market to provide diversified software solutions to their customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of EDA solutions to enhance their customer portfolio and expand footprint in different geographies. Few on the important market initiatives from the industry are mentioned below:

Year News Country
2018 Cadence Design Systems, Inc. announced a strategic partnership with Green Hills Software to accelerate embedded safety and security. Cadence Design Systems, Inc. invested $150 million that is about 16% ownership interest in GreenHill. North America
2018 Keysight technologies was selected by ON Semiconductor for as a EDA partner for delivering a design solution for power devices that is expected to increase reliability and accelerate time-to-market. North America
2018 Synopsys, Inc. and Siemens AG announced a collaboration for wide range of EDA projects. Additionally, the Siemens and Synopsys settled all outstanding patent litigation between Synopsys and Mentor Graphics. Europe

 

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