Photonic Design Automation Market Key Players and Forecast by 2030

The photonic design automation market size is projected to reach US$ 3.90 billion by 2030 from US$ 1.39 billion in 2022. The market is expected to register a CAGR of 13.8% during 2022–2030. Integration of photonics in electronic design automation (EDA) tools is likely to remain a key trends in the market.

Photonic Design Automation Market Analysis

Collaboration between organizations for developing new innovative photonics design automation and increasing need for efficiency and accuracy are driving the market. The market is projected to expand at a significant pace during the forecast period, due to the growing demand for automation. Moreover, government investment in the development and expansion of semiconductor and photonics industries and emphasis on high-performance and environmentally sustainable solutions are creating lucrative opportunities for the market.

Photonic Design Automation Market Overview

Photonic design automation requires software tools and automation techniques that facilitate the designing and development of photonic devices and systems by successfully converting complex designs into functional chips or devices. Photonic design automation, like electrical design automation (EDA) in the electronics industry, seeks to expedite and simplify the design process for photonic components and systems. It provides designers with software tools and automated ways for creating schematics, layouts, and other design components. Photonic design automation aims to improve efficiency, accuracy, and productivity in the design and development of photonic devices and systems. Automating certain activities and delivering comprehensive simulation and analysis capabilities helps designers explore multiple design options, maximize performance, and minimize time-to-market. The market is expanding in response to the growing demand for automation in a variety of industries, including manufacturing. Automation is in high demand due to the benefits of using photonic design automation, such as increased productivity, simpler design processes, and faster time-to-market.

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Photonic Design Automation Market: Strategic Insights

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Photonic Design Automation Market Drivers and Opportunities

Collaboration Between Organizations for Developing New Innovative Photonics Design Automation to Favor Market

The government, industry, and academia collaborate in developing photonics design automation through organizations such as the American Institute for Manufacturing Photonics (AIM Photonics). AIM Photonics aims to advance the photonics industry by fostering partnerships and innovation in electronic photonic design automation (EPDA). For instance, in May 2023, AIM Photonics unveiled its latest offering: Opto-electronic Testing Services. This new service suite provides a comprehensive range of cutting-edge tools and capabilities for testing both photonic integrated circuits (PICs) and conventional electronic integrated circuits (ICs). The Opto-electronic Testing Services by AIM Photonics cater to the growing demand for advanced testing solutions in the field of integrated circuits. These services enable the thorough evaluation and validation of the performance, reliability, and functionality of both photonic and electronic ICs.

The growth of the photonics design automation market can be attributed to the evolution of the electronic design automation (EDA) industry. EDA tools were initially focused on the design and verification of electronic integrated circuits (ICs) but have expanded to include photonics design capabilities.

Government Investment in the Development and Expansion of Semiconductor and Photonics Industries

The photonics design automation market is a dynamic sector that supports the development of photonic technologies. The Canadian government has supported initiatives such as the development of a global photonics design automation industry and the provision of leading products in the field. For instance, in February 2022, the Canadian government announced a substantial investment of US$ 240 million for the semiconductor and photonics industries. This strategic move aims to bolster the growth and competitiveness of these sectors, positioning Canada as a global leader in enhanced manufacturing and technology innovation. The investment will support the development of cutting-edge technologies, research and development initiatives, and the expansion of manufacturing capabilities in semiconductor and photonics industries across the country. It will foster collaboration between industry, academia, and government, driving innovation and creating new job opportunities.

Photonic Report Segmentation Analysis

Key segments that contributed to the derivation of the photonic analysis are component, deployment, organization size, and application.

• Based on component, the photonic design automation market is divided into solution and service. The solution segment held a larger market share in 2022.
• By deployment, the market is bifurcated into on-premise and cloud. The on-premise segment held a larger market share in 2022.
• In terms of organization size, the market is divided into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.
• On the basis of application, the photonic design automation market is segmented into academic research and industrial research & manufacturing. The industrial research & manufacturing segment held a larger market share in 2022.

Photonic Design Automation Market Share Analysis by Geography

The geographic scope of the photonic design automation market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The market in Asia Pacific is projected to expand during the forecast period, due to the presence of photonics industries in China, South Korea, Japan, and India. South Korea has a strong presence in the photonics industry and is known for its technological advancements in information and communication technology. This has contributed to the growth of the photonics design automation market in the country. Technological advancements, collaborations, and investments in research and development drive the market in South Korea. Implementing automation in the manufacturing sector also plays a role in driving the market. Photonics design automation is crucial for various applications in South Korea, including telecommunications, data centers, healthcare, and sensing. It enables efficient manipulation of guided electromagnetic waves and contributes to the development of advanced photonic devices.

Photonic Design Automation Market Regional Insights

The regional trends and factors influencing the Photonic Design Automation Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Photonic Design Automation Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Photonic Design Automation Market Report Scope

Photonic Design Automation Market Players Density: Understanding Its Impact on Business Dynamics

The Photonic Design Automation Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Photonic Design Automation Market News and Recent Developments

The photonic design automation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the photonic design automation market are listed below:

• Luceda Photonics announced a collaboration with Aluvia Photonics, the world's first Al2O3 foundry for integrated photonics applications. This collaboration offers designers an advanced Process Design Kit (PDK) within the Luceda Photonics Design Platform, enabling access to the upcoming Multi-Project Wafer (MPW) runs at Aluvia Photonics. (Source: Luceda Photonics, Company Website, August 2023).
• AIM Photonics announced the launch of its new Opto-electronic Testing Services, which feature a full suite of advanced tools for testing both photonic integrated circuits (PICs) as well as conventional electronic ICs. (Source: AIM Photonics Inc, Company Website, May 2023).

Photonic Design Automation Market Report Coverage and Deliverables

The “Photonic Design Automation Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Photonic design automation market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Photonic design automation market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Photonic design automation market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the photonic design automation market
• Detailed company profiles