Electronic Design Automation Market Growing at 5.5% CAGR to 2021

ReportsnReports.com includes Global Electronic Design Automation Market 2017-2021 new research report. This report covers the present scenario and the growth prospects of the global EDA market for 2017-2021.

PUNE, India, March 2, 2017 — (PRNewswire) —

PUNE, India, March 2, 2017 /PRNewswire-iReach/ -- The electronic design automation market report considers the revenue generated from EDA tools. A speaker is an audio system that converts electromagnetic waves into sound waves. PLM software deals with different functional levels of an organization, design engineering, manufacturing, and product designing, The need to manage a product from the concept stage to the servitization stage has led to the emergence of PLM software and services. The increase in product complexities and product portfolio across organizations has created a demand for solutions in the production process across industries. The implementation of PLM in an organization improves capital efficiency, revenue generation, and cost management.

Complete report on global electronic design automation market spread across 73 pages, analyzing 3 major companies and providing 41 data exhibits is now available at   http://www.reportsnreports.com/reports/857447-global-electronic-design-automation-market-2017-2021.html .

The analysts forecast the global EDA market to grow at a CAGR of 5.5% during the period 2017-2021. The need for enhanced integration of ECAD and MCAD comes from the growing complexity of product development. The increasing demand for customized products from the end-users gives rise to this complexity. In addition, an increase in the demand for electronics in sectors such as automobile, which were dominated by mechanical parts, is also propelling the need for the ECAD and MCAD integration.

According to the EDA market report, the semiconductor industry is one of the major contributors to the global EDA market. The persistent decrease in the size of semiconductor chips and the increased scale of integration have compelled semiconductor manufacturing companies to use the available EDA tools. This helps them counter the complexities and difficulties that are associated with the designing of semiconductor chips. EDA tools have substantially reduced the overall product development time from two to three years to two to three weeks. The continuous growth in the semiconductor industry has triggered an increase in the demand for EDA tools.

Order a copy of Global Electronic Design Automation Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=857447 .

Key players in the global EDA market: Cadence Design Systems, Synopsys, and Siemens PLM Software. Other Prominent Vendors in the market are: Keysight Technologies, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, and Zuken.

Further, the report states that system-in-package is one of the design automation models in the EDA market. It provides higher operational efficiency, functional integration, and cost reduction compared to other traditional models in EDA. However, the integration of a 3D system-in-package requires modifications in existing EDA tools. Therefore, customers are forced to change or modify their existing EDA tools, which increases the overall cost of ownership for EDA customers.

The report, Global EDA Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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