Aerospace and Defense Sector Escalating Demand in Electronic Design Automation Market

ALBANY, New York, March 06, 2017 – MarketResearchReports.biz has announced the addition of a new report to its repository, titled “Global Electronic Design Automation Market 2017-2021.” Taking an account of all the factors that are expected to influence the demand, positively or negatively, the report projects the market to expand at a healthy CAGR of 5.5% during the forecast period of 2017 to 2021. 

The report observes that previously, K-Maps technique was popular to design the flow of electronic circuits but in the recent times, owing to advancements in technology, more complex circuits are required. As a result, the use of electronic design automation (EDA) is escalating, particularly in the aerospace and defense industry, wherein it helps in reducing the design time, costs, and errors. For example, advanced electrical system and wire harness design software suite from the Mentor Graphics’ Capital helps to streamline the overall wiring design process. Besides the increasing use of EDA in defense and aerospace industry, the market for electronic design automation is also gaining from several other factors such as growing demand from semiconductor industry, frequent mergers, acquisitions, and strategic alliances between or by the key players, and incremented demand from various other industries such as automotive and healthcare. The report also points out a few factors that may challenge the market’s growth rate, including the lack of EDA expertise, difficulty in integrating advanced design models, availability of free EDA software, and licensing of cloud-based EDA. 

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In order to present new opportunities to the buyers, the report also notes a few trends emerging in the market such as integration of ECAD and MCAD, shift from perpetual to subscription licensing model, and availability of cloud-based EDA. Each of these drivers, restraints, and trends have been analyzed in detail in the report and their eventual impact on the market dynamics have been projected. 

By product, the report segments the global electronic design automation market into SIP, CAE, IC physical design and verification, PCB and MCM, and services. Out of these, SIP segment currently serves the maximum demand and is expected to remain most profitable during the forecast period, owing to increasing demand of semiconductors in the industries such as engineering power, automotive, and healthcare. Geographically, the report studies the potential of the market in the regions of Asia Pacific, Americas, and Europe, the Middle East and Africa (EMEA). Currently, Americas account for maximum share of the market due to favorable government policies, development of miniaturized electronic products, and increasing adoption of electronic features and components in cars. 

Three of the key players detected by the report who are currently leading the highly competitive and diversified global electronic design automation market are Siemens PLM Software, Synopsys, and Cadence Design Systems. Product improvement via research and development is the foremost strategy adopted by these players. JEDA Technologies, Agnisys, Keysight Technologies, Aldec, Ansys, MunEDA, and Zuken are some of the other prominent players identified by the report in this market. 

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