EDA Tools Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

EDA Tools Industry Overview

The EDA market is highly fragmented. New opportunities in the automotive, IoT, artificial intelligence and virtual/augmented reality sectors have allowed semiconductor companies throughout all phases of the IC production cycle to prosper, with sizable revenue increases. This has occurred despite significant gains in chip performance but at relatively flat unit sales prices. Some of the key players in the industry include ANSYS, Cadence Design Systems, Synopsis, Keysight Technologies, etc. Some of the key developments in the EDA market are as follows:

• March 2022 - Synopsys has announced the introduction of a new electronic design automation (EDA) deployment model that is designed for the cloud and provides "unparallel levels of chip and system design flexibility" through a single-source, pay-as-you-go approach. With pre-optimized infrastructure on Microsoft Azure, Synopsys Cloud provides access to the company's cloud-optimized design and verification technologies, which address increased levels of interdependencies in chip development.
• June 2021 - Xilinx, Inc. unveiled Vivado ML Editions, an FPGA EDA tool package based on machine learning (ML) optimization techniques and advanced team-based design procedures for considerable design time and cost savings. Comparing the new Vivado ML Editions to the existing Vivado HLx Editions, the former offers a 5x quicker compilation time and revolutionary quality of results (QoR) improvements that average 10% on difficult designs.
• June 2021 - Aldec Inc. launched HES-DVM Proto Cloud Edition (CE). It is available through Amazon Web Service (AWS); HES-DVM Proto CE can be used for FPGA-based prototyping of SoC / ASIC designs and focuses on automated design partitioning to greatly reduce bring-up time when up to four FPGAs are needed to accommodate a design.
• May 2021- Cadence Design Systems announced low-power IP for the PCI Express 5.0 specification that targets hyper-scale computing, networking, and storage applications that are made on TSMC N5 process technology. In addition, PCIe 5.0 technology consists of a PHY, companion controller, and Verification IP (VIP) targeted at SoC designs for very high bandwidth to suit the applications.