Global Electronic Design Automation Software market report 2024, Forecast To 2033

The electronic design automation software market has displayed substantial growth, transitioning from $30.43 billion in 2023 to $32.24 billion in 2024, with a robust compound annual growth rate (CAGR) of 5.9%. The historic period attributes this growth to the mounting complexity of integrated circuits, expansion in the IoT and consumer electronics market, increased applications in aerospace and defense, growth in automotive electronics, and the rise in PCB design and manufacturing. The forthcoming years forecast strong growth, reaching $40.13 billion in 2028 at a CAGR of 5.6%. The drivers include the development of quantum computing, an increased focus on cybersecurity, advancements in 3D packaging and advanced interconnects, international trade considerations, and environmental regulations. Key trends encompass digital twin technology, design for reusability, real-time design analytics, distributed and collaborative design, and automation for IoT security.