Electronic Design Automation Software Developers

Electronic Design Automation Software Developers produce software that is essential to the design and development of microchips, which are critical to numerous consumer and business applications involving computers and other electronic devices.

As microchip technology has continually improved over the past five years, industry software has been in increasingly high demand for researching new designs as well as reducing the costs associated with the chip design process.

Over the five years to 2020, Electronic Design Automation Software Developers industry revenue is expected to increase at an annualized rate of 7.1%, including expected growth of 1.6% in 2020, to $6.0 billion.

Rapid revenue growth is the result of rising investment in computers and software, as well as growth in relevant technology sectors.

Additionally, as the price of semiconductors and associated electronic components has decreased, microchips have been used in more applications, driving demand for EDA software.

The Electronic Design Automation Software Developers industry is vital to the downstream Semiconductor and Circuit Manufacturing industry Engineers use EDA software to test and design microchips used in an array of applications.

These chips are at the heart of computers, broadband-enabled smartphones, and a multitude of other home electronic appliances such as laptops, TVs, and tablets. As these devices have become entrenched in the daily activities of consumers and businesses, the industry has experienced rapidly growing demand.

Over the five years to 2020, industry revenue is expected to increase at an annualized rate of 7.1% to $6.0 billion, including a growth of 1.6% in 2020.

The Electronic Design Automation Software Developers industry is anticipated to benefit from growing demand for its services over the next five years. Consequently, revenue is forecast to grow at an annualized rate of 3.9% to $7.3 billion over the five years to 2025.

Revenue growth is expected to decelerate as the number of mobile devices and computers per capita nears saturation. Nonetheless, operators will benefit from the greater prevalence of microchips in practically every electronic application, driving demand for Electronic Design Automation Software Developers to design these chips.

To maintain a competitive edge, enterprises will have to offer extensive features that keep pace with the rapid rate of technological change associated with microchips. Simultaneously, as companies consolidate and expand their customer bases, profit is expected to remain high.