North America EDA Market to Reach $9.70 Billion in 2027


Reading time ( words)

The North America electronic design automation market accounted for $4.10 billion in 2018 and is expected to grow at a CAGR of 10.2% over the forecast period 2019-2027, to account for $9.70 billion in 2027.

The significant growth of the semiconductor industry is anticipated to boost the electronic design automation market growth. Moreover, the increased focus on miniaturization of electronic devices is expected to boost the electronic design automation market growth in the forecast period. The SIA (Semiconductor Industry Association) in October 2018, while representing the US leadership in semiconductor research, design and manufacturing had charted an increase of 12.7% from 2017 and marked the total revenue of $41.8 billion.

Furthermore, the WSTS also forecasted a trajectory of 15.9% in 2018 and 2.6% in 2019. This growth in the semiconductor industry has raised the confidence of the market players in terms of revenue growth. The companies operating in the semiconductor landscape are not only anticipating a substantial rise in the revenue but are also respectively increasing their R&D spending. The year-on-year increase in R&D spending has imposed a noteworthy thrust to the electronic design automation market during the recent past and is projected to continue to drive the market in the coming years.

As the semiconductor industry continues to be in strong up-cycle, the leaders in the market are expected to adopt a future-oriented approach. The approach may further consider unconventional end-market such as artificial intelligence, autonomous vehicle, and IoT. Additionally, the memory companies are also likely to witness a rise in sales owing to bolstering demand for data centers smartphones and autonomous vehicle technologies.

The electronic design automation market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the electronic design automation market further. For instance, the US government has taken various initiatives for supporting the manufacturing sector in the country.

Share

Print


Suggested Items

Meet Patrick Crawford, I-Connect007 Columnist

05/13/2020 | I-Connect007 Editorial Team
Meet Patrick Crawford, one of our newest I-Connect007 columnists! Patrick’s columns will provide updates on IPC Design activities. He is currently the liaison to the Design Community Leadership, the industry leadership group of IPC Design. Patrick and the Design Community Leadership work to develop the IPC Design program as IPC redoubles its efforts to serve the printed board design engineering industry.

The Formation of the Printed Circuit Engineering Association

04/02/2020 | Patty Goldman, I-Connect007
Patty Goldman spoke with Gary Ferrari, FTG Corporation, at IPC APEX EXPO 2020 about the formation of the Printed Circuit Engineering Association, which—having been started two months ago—has attained lots of interest from the industry. The PCEA hopes to bring together designers, engineers, fabricators, assemblers through local chapters to focus mainly on education and learning.

Meet John Watson, I-Connect007 Columnist

01/21/2020 | I-Connect007 Editorial Team
Meet John Watson, CID, one of our newest I-Connect007 columnists! John has been in the electronics industry for 40 years, with 20 of them being in PCB design, and is now a senior PCB engineer for Legrand Corporation. Read "Elementary, Mr. Watson" in Design007 Week Newsletter.



Copyright © 2020 I-Connect007. All rights reserved.