EDA market value to reach $32.75 billion by 2032, driven by AI and semiconductor demand

From GlobeNewswire: 2025-03-14 09:00:00

The Electronic Design Automation (EDA) Market was valued at USD 14.66 billion in 2023 and is projected to reach USD 32.75 billion by 2032, with a CAGR of 9.35% from 2024-2032. Advancements in AI, machine learning, and cloud-based design solutions are driving market growth for semiconductor manufacturers.

Key industry players such as Synopsys, Cadence Design Systems, Siemens EDA, and ANSYS are listed in the report. The market is segmented by product, deployment mode, application, and end-user. AI and machine learning are revolutionizing the future of electronic design automation, while global investments in semiconductor production are increasing the demand for EDA tools.

The IC Physical Design & Verification segment dominated the market in 2023, with Semiconductor IP experiencing the fastest CAGR. On-Premises deployment mode led in 2023, while Cloud-Based is expected to witness the highest growth. Microprocessors & Microcontrollers were the dominant application, with Memory Management Units projected to grow the fastest.

The Consumer Electronics Industry segment dominated the market in 2023, with the Automotive segment projected to be the fastest-growing due to the rise of electric vehicles and connected car systems. North America dominated the market in 2023, while Asia-Pacific is expected to register the fastest CAGR due to semiconductor fabrication growth.

For more detailed insights and analysis, visit the Electronic Design Automation (EDA) Market Report at https://www.snsinsider.com/reports/electronic-design-automation-market-2102. SNS Insider is a leading market research and consulting agency providing clients with accurate market data, consumer insights, and opinions to make informed decisions in changing circumstances.



Read more at GlobeNewswire: Electronic Design Automation (EDA) Market to Surpass USD