Asia Pacific Electronic Design Automation Market

Electronic Design Automation market in the Asia Pacific is expected to grow from US$ 4.28 Bn in 2018 to US$ 12.69 Bn by the year 2027 with a CAGR of 13.0% from the year 2019 to 2027.

The increase in R&D spending in the semiconductor industry and evolving consumer expectation and burgeoning demand of consumer electronics are driving the growth of the electronic design automation market. Moreover, the emergence of miniaturization of electronic devices is anticipated to propel electronic design automation market growth in the forecast period. Further, the increase in significant collaborations among market players is driving electronic design automation market growth. Asia Pacific region leads the semiconductor market with major countries helping the market to dominate include; China, Japan, South Korea, Taiwan, Singapore, and Malaysia. The constant focus towards innovating technologically enriched semiconductor products coupled with significant penetration of consumer electronics in the above-mentioned countries has bolstered the semiconductor industry in the Asia Pacific region. The continuously growing demand for advanced semiconductor products in the Asia Pacific region is also attributed to the boost growth in the smart city program, and increasing adoption of IoT & AI in the different industries in the region. Pertaining to these facts, the semiconductor industry players in the Asia Pacific region is heavily emphasizing on semiconductor chips and memory design. Also, the region has been one of the early adopters of automation technology, which led several semiconductor manufacturers to partner with electronic design automation market players.

The consumer electronics application dominated the electronic design automation market in the year 2018 with maximum share and is expected to continue its dominance during the forecast period. With the rising demand for smartphone, laptops, tablets, smart watches, and other consumer electronic products have also intrigued the manufacturing industry to increase its production capacity. In the current scenario, various consumer electronic devices are used by consumers across the globe for a variety of tasks. Consumer electronic devices such as smartphones, tablets, PCs, music players, etc. have become an integral part of consumers’ lives. In the continually advancing consumer electronics industry, the consumers are expecting more powerful, fast, and smart devices. While substantial innovation was brought in the industry with the enablement of AI and IoT over the past decades, the technology roadblocks have prevented it from scaling further. The functionalities and features provided by the consumer devices are witnessing developments as the manufacturers of electronic devices are concentrating on differentiating their product offerings. The semiconductor device manufacturers have addressed the need to develop more complex devices, thus creating lucrative growth for the electronic design automation market.

Japan dominated the electronic design automation market in 2018 and is anticipated to continue its dominance in the market across the Asia Pacific region through the forecast period. Japan has three first-class semiconductor companies includes Renesas Electronics, Sony's CMOS chips, and Toshiba Semiconductor. Although the country is a technology developed country, over the past few years, the Japanese companies Sony, Panasonic, and Sharp are witnessing downfall in their homeland from consumer electronic products. The trend of smart offices and smart homes, where consumer electronics is an important part of it, is further boosting the demand for consumer electronic products. This factor further enables the electronic design automation market growth. The figure given below highlights the revenue share of the rest of Asia Pacific in the electronic design automation market in the forecast period:

ASIA PACIFIC ELECTRONIC DESIGN AUTOMATION MARKET SEGMENTATION

By Type

• Computer Aided Engineering (CAE)
• Semiconductor IP (SIP)
• IC Physical Design & Verification
• Printed Circuit Board (PCB) & Multi-Chip Module (MCM)

By Application

• Aerospace & Defense
• Consumer Electronics
• Telecom
• Automotive
• Industrial
• Others

By Country

• South Korea
• China
• India
• Japan
• Rest of APAC

Electronic Design Automation Market - Companies Mentioned

• Agnisys Inc.
• Aldec Inc.
• Autodesk, Inc.
• Cadence Deisgn Systems Inc.
• Keysight Technologies
• Labcenter Electronics Ltd.
• Mentor Graphics Inc.
• Silvaco Inc.
• Synopsys Inc.
• Zuken Inc.

Asia Pacific Electronic Design Automation Strategic Insights

Strategic insights for the Asia Pacific Electronic Design Automation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Electronic Design Automation Report Scope

Asia Pacific Electronic Design Automation Regional Insights

The geographic scope of the Asia Pacific Electronic Design Automation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.