Albany, NY -- (SBWIRE) -- 11/15/2018 -- The global EDA tools market for IC industry is prognosticated to witness a surge in growth rate during the forecast period 2018 – 2026, owing to rise in consumer electronics product all across the world. EDA tools are essential for designing semiconductor chips. This have favored the growth of market, reported ResearchMoz.us in a report titled, "EDA Tools Market for IC Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026". The report provides extensive data important for understanding imperative development in the market. It carries various growth trends depending on each segment. The report also carries various ongoing trend which are anticipated to have an impact on the market growth in future.
EDA is a crucial part of semiconductor, thus the aggressive growth of semiconductor industry is expected to drive the market. Semiconductor are extensively used by various sectors such as IoT, AI, and automotive sectors, thus expansion of these sectors are foreseen to help the market climb. EDA tools are required for electronic devices which have complex designs. EDA tools help the manufacturer to save time and cut time in designing, bringing down the loss. Gradual rise in disposable income along with preference for a better lifestyle is boosting the demand for automotive sector is expected to favor the growth of market. Various safety measures in vehicles these days like automatic emergency braking is contributing to the market growth. Introduction of internet in various industries to smooth the work flow is anticipated to surge the demand for IoT things, thus driving the market to grow.
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The global EDA tools market for IC industry can be classified on the basis of component, application, deployment, and geography. On the basis of component, the market is segregated into services and solution. The market finds its application in simulation, design, and verification. On the basis of deployment, the market is bifurcated into cloud based and on-premise. Cloud based is further divided into public based, hybrid based, and private based.
On the basis of geography, the report carries report for Asia Pacific, South America, Middle East and Africa, Europe, and North America. Amongst the pack, North America lead, as the region held nearly one third of the global revenue share and is likely to keep dominating owing to the presence of numerous mid-sized , large, and small sized players in the region. However, Asia Pacific is considered to be the fastest growing market owing to the rising demand for semiconductors in the region. Though, the region is facing several changes, howling the growth, such as inefficient internet connectivity and different regulatory compliances.
Major players in the market are Aldec, Altium Ltd, Arm Holdings, JEDA Technologies, MunEDA, and Synopsys Inc.
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