SAN FRANCISCO, March 27, 2019
SAN FRANCISCO, March 27, 2019 /PRNewswire/ -- The global electronic design automation software market size is expected to reach USD 14.54 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 8.9% during the forecast period. Growing preference for compact devices is prompting electronics manufacturers to opt for smaller-size circuits and miniaturized chips/ICs, which can be complex to design. Hence, electronics manufacturers are increasingly adopting EDA software to achieve precision in designing circuits and ICs, thereby driving the market.
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Read 61 page research report with TOC on "Electronic Design Automation (EDA) Software Market Size, Share & Trends Analysis Report By End Use (Microprocessors & Controllers, Memory Management Units), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/electronic-design-automation-eda-software-market
As medical devices, consumer electronics, and other smart devices are getting compact, electronics manufacturers are under pressure to design compact processors for these devices. The growing adoption of the software to design compact processors is expected to have a positive impact on the EDA software market. Growing preference for System on Chip (SoC) technology, which is an efficient and cost-effective technology, also bodes well for the market growth.
Asia Pacific electronic design automation software market is expected to register a healthy CAGR over the forecast period. Growing population, disposable income, and rapid urbanization are driving the demand for consumer electronics and proliferation of smartphones. China accounted for the largest regional market share in 2018 driven by a large number of fabless manufacturing companies present in the country.
Grand View Research has segmented the global Electronic Design Automation (EDA) software market on the basis of end use and regions:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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