Electronic Design Automation (EDA) Software Market by Forecast to 2021 to 2027 with Covid-19 Impact Analysis and Future Business Opportunities 

"The potential of EDA software to minimise time and cost involved with electric circuit design, as well as remove manual errors, is projected to be a major driver of market expansion. Incorporation of machine learning techniques to lower design costs by allowing tools to offer solutions for common design difficulties is another aspect projected to positively influence the market.

Electronic Design Automation (EDA) Software Market size was valued at $10.20 billion in 2019, and is projected to reach $20.89 billion by 2027, growing at a CAGR of 9.6% from 2021 to 2027.

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The semiconductor and electronics sectors are the primary drivers of market growth. As a result, the EDA market is likely to grow in the future years as semiconductor manufacturers, systems firms, and their customers start new design initiatives. The COVID-19 epidemic has heightened the demand for automation in a variety of businesses in order to continue operating with a minimal staff. As a result, increased automation is likely to boost demand for semiconductors and electronics, giving the industry new growth prospects in the coming years.

Top key players: ALTIUM, Cadence, ZUKEN, Apache Design Solutions, Applied Wave Research, Magma Design Automation, CIDC, Agilent EEsof, Vennsa Technologies, Mentor Graphics, Synopsys, ANSYS, SpringSoft

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Electronic Design Automation (EDA) Software Market, By Type:Verification, Simulation, Design Software

Electronic Design Automation (EDA) Software Market, By Application:Microprocessors & Controllers, MMU, Others

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