North America Electronic Design Automation Market 2027 By Type and Application

North America Electronic Design Automation Market to 2027 - Regional Analysis and Forecasts by Type (CAE, SIP, IC Physical Design & Verification, and PCB & MCM) and Application (Aerospace & Defense, Consumer Electronics, Telecom, Automotive, Industrial, and Others)

  • Report Code : TIPRE00005732
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 127
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Electronic Design Automation market in North America is expected to grow from US$ 4.10 Bn in 2018 to US$ 9.70 Bn by the year 2027 with a CAGR of 10.2% from the year 2019 to 2027.

The significant growth of the semiconductor industry is boosting the growth of the electronic design automation market. Moreover, the increased focus on miniaturization of electronic devices is anticipated to propel electronic design automation market growth in the forecast period. Further, the increase in significant collaborations among electronic design automation players is driving market growth. The electronic design automation market is heavily captured by several established companies as well as smaller tier2 companies across the globe. These companies are facilitating the semiconductor manufacturers to meet the constantly increasing demand for advanced semiconductor products from their respective clients. Attributing to the fact, the semiconductor manufacturers are pressurizing the market players operating in the electronic design automation market to design robust chipsets and other semiconductor products. These electronic design automation market players are increasingly focusing on partnerships and acquisitions. Some of the recent partnerships and acquisitions in the electronic design automation market include; In 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. In 2018, Synopsis and Siemens PLM Software partnered to provide a wide variety of EDA products. The collaboration is aimed at a number of electronic design automation domains ranging from design to verification.

The SIP type dominated the Electronic Design Automation market in the year 2018 with maximum share. However, the segment is expected to lose its dominance to CAE segment during the forecast period. Semiconductor IP is used for building large and complex ICs that are required in the electronic devices. Remarkable growth has been observed in the automotive industry’s semiconductor demand amid the progression of advancements in automotive electronics. Furthermore, dynamic rise for the demand of semiconductor in IT & Telecomm industry continued, especially for processor IP, which in turn, triggering memory semiconductor IP manufacturers to invest in expanding production capacity actively. Thus, this invest helps in bringing a positive outlook over the forecast period in the semiconductor IP market. Increasing demands for advanced system on chip designs has fueled the growth of the market to a significant extent. Further, the rising proliferation of consumer electronics in the North America region, specifically, is supplementing the adoption of semiconductor IP.

The US dominated the electronic design automation market in 2018 and is anticipated to continue its dominance in the market across the North American region through the forecast period. The semiconductor industry has remained critical to the national security, economic strength, and global technology leadership of North America. The US, in terms of the semiconductor industry, is not only the leading economy in North America but also a major contributor to the global market. Furthermore, being a technologically advanced country, the adoption of EDA software is anticipated to remain high. However, soon, the market might attain maturity, owing to the moderating semiconductor industry growth. The figure given below highlights the revenue share of the Mexico in the electronic design automation market in the forecast period:

Maxico Electronic Design Automation Market Revenue and Forecasts to 2027 ( US$ Mn)

Maxico Electronic Design Automation Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

NORTH AMERICA ELECTRONIC DESIGN AUTOMATION MARKET SEGMENTATION

By Type

  • Computer Aided Engineering (CAE)
  • Semiconductor IP (SIP)
  • IC Physical Design & Verification
  • Printed Circuit Board (PCB) & Multi-Chip Module (MCM)

By Application

  • Aerospace & Defense
  • Consumer Electronics
  • Telecom
  • Automotive
  • Industrial
  • Others

By Country

  • U.S.
  • Canada
  • Mexico

Electronic Design Automation Market - Companies Mentioned

  • Agnisys Inc.
  • Aldec Inc.
  • Autodesk, Inc.
  • Cadence Deisgn Systems Inc.
  • Keysight Technologies
  • Labcenter Electronics Ltd.
  • Mentor Graphics Inc.
  • Silvaco Inc.
  • Synopsys Inc.
  • Zuken Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

The List of Companies - North America Electronic Design Automation Market

  1. Agnisys Inc.
  2. Aldec Inc.
  3. Autodesk, Inc.
  4. Cadence Deisgn Systems Inc.
  5. Keysight Technologies
  6. Labcenter Electronics Ltd.
  7. Mentor Graphics Inc.
  8. Silvaco Inc.
  9. Synopsys Inc.
  10. Zuken Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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