Global EDA in Automotive Market – Forecast and Analysis by product type and end-users

The global EDA in Automotive has been estimated to grow at a moderately higher pace during the forecast period at an approximated CAGR of 7.8%. This study focuses on the global EDA in Automotive market present state, upcoming growth opportunities, future forecast, and key market players. The study aims to present the EDA in Automotive market development across all major regions across the globe. EDA in Automotive is an electronic design automation solution that enables the manufactures and product designers to efficiently design and automate the development of electronics and electrical components of the vehicle.

Automotive design trends impacting the EDA demand in the industry

During the recent past the Utility Vehicle part of the automotive industry has developed exponentially. The utility vehicles in demand range from compact and stylish MPVs to the high – end sophisticated luxury SUVs, which in response has increased the design complexities of the automotive designing, particularly designing of the electronic components setting. The trends is anticipated to significantly contribute to the demand of EDA solutions that facilitate easy designing of such complex SUV designs suitable to varied category of consumers.

Reduction in the engine size had resulting in substantial modifications to Automotive semiconductor designs, this is driving the demand for EDA solutions in automotive industry

There are various opportunities owing to standardization such as GENIVI. It is expected to enable companies to get along and develop rudimentary range of products that can be utilized throughout a wide array of vehicles. Previously, each automotive company used to produce dedicated infotainment for their own vehicles. However, now with the presence of open standards opportunity to automate design and generate even better products has expanded. Also, the cars these days have majority issues with the electrical and electronics components. These short comings are required to be fixed, and in order to fix these issues, the manufacturers would require EDA software.

IC Physical Design & Verification Segment Lead the EDA in Automotive Market

IC Physical Design & Verification in EDA in Automotive market is expected to lead the global EDA in Automotive market, estimated to account more than 40% of the market. The growth of IC Physical Design & Verification segment is owing to the upsurge in count of electric-powered passenger cars majorly in developing economies of Asia-Pacific, Latin America, and Middle East & Africa. Besides, boom in technological advancements in the cars is also perceived to fuel growth to the IC Physical Design & Verification solution in EDA in Automotive market.

Emerging Economies Present High-potential Investment Pockets

Geographically the market is dominated by Asia Pacific region. The growth in this region is attributed to increased production demand for electric vehicles from countries like China, India, and South Korea. The key global players of EDA in Automotive market are Agilent, Agnisys, Aldec, Ansys, Cadence Design Systems, JEDA Technologies, Mentor Graphics, MunEDA, Synopsys, and Zuken among others.