The
global
electronic design automation market is expected to grow at a CAGR of
6.73% during the forecast period. Based on the product, the global electronic
design automation market has been segmented into semiconductor
intellectual property (IP), computer-aided engineering (CAE), IC physical
design and verification, printed circuit boards (PCBs), and others.
The increasing complexity of
semiconductor designs and manufacturing processes and the integration of
advanced technologies are giving rise to new products. This is increasing the
number of IPs being registered in the semiconductor industry. The initiation of
a connected environment will further increase the complexities of ICs. This
will increase the number of IPs getting registered. The growth of the market
segment would primarily be because of the increasing number of semiconductor
designers and manufacturers filing patents for their products.
The demand for miniaturized and
all-in-one equipment require intricate and dense semiconductors that occupy
less space but should have all the functions and features. The demand for
semiconductor IPs is expected to grow with the increasing complexity of
designs. The growing demand for semiconductors across several verticals is
increasing the significance of semiconductor IPs. Hence, the semiconductor IP
market segment of the global electronic design automation market is
expected to grow significantly during the forecast period.
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