Electronic System Design Industry Logs 17% YoY Revenue Growth in Q3 2021

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Electronic System Design (ESD) industry revenue increased 17.1% year-over-year from $2,953.9 million to $3,458.1 million in Q3 2021, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 16.1%. 

“The industry reported double-digit year-over-year revenue growth for Q3 2021,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report.

“Geographically, all regions reported double-digit growth, with product categories CAE, Printed Circuit Board and Multi-Chip Module, SIP, and Services also showing double-digit growth.”

The companies tracked in the EDMD report employed 51,182 people globally in Q3 2021, an 8.7% increase over the Q3 2020 headcount of 47,087 and up 2.4% compared to Q2 2021.

The quarterly EDMD report contains detailed revenue information with the following category and geographic breakdowns.

Revenue by Product and Application Category – Year-Over-Year Change

  • CAE revenue increased 13.7% to $1,054.7 million. The four-quarter CAE moving average increased 11.8%.
  • IC Physical Design and Verification revenue increased 0.7% to $612.6 million. The four-quarter moving average for the category rose 16%.
  • Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue increased 14.5% to $298.3 million. The four-quarter moving average for PCB and MCM increased 10.9%.
  • SIP revenue rose 30.6% to $1,373.3 million. The four-quarter SIP moving average grew 22.1%.
  • Services revenue increased 12.5% to $119.1 million. The four-quarter Services moving average increased 9.2%. 

Revenue by Region – Year-Over-Year Change 

  • The Americas, the largest reporting region by revenue, purchased $1,494.5 million of electronic system design products and services in Q3 2021, a 14.3% increase. The four-quarter moving average for the Americas rose 15.8%.
  • Europe, Middle East, and Africa (EMEA) revenue increased 22.6% to $451.7 million. The four-quarter moving average for EMEA grew 11.9%.
  • Japan revenue increased 11.8% to $259.8 million. The four-quarter moving average for Japan rose 3.3%.
  • Asia Pacific (APAC) revenue increased 19.7% to $1,252.1 million. The four-quarter moving average for APAC increased 21.3%.


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