Electronic Design Automation Market was valued at USD 26.2 billion by 2028
Electronic design automation was valued at USD 14.5 billion in 2022 and is estimated to reach USD 26.2 billion by 2028, registering a CAGR of 9.8% during the forecast period. Electronic Design Automation (EDA) is a critical force shaping the landscape of modern electronics. It encompasses the software and tools that streamline the design process of integrated circuits (ICs) and printed circuit boards (PCBs), the building blocks of virtually every electronic device. As technology miniaturizes and functionalities become more complex, EDA tools are becoming increasingly essential. Let’s delve into the current state and projected future of the EDA market, reaching a value of USD 26.2 billion by 2028. The Power of EDA: Gone are the days of meticulous hand-drawn schematics and manual circuit layout. EDA tools offer a virtual design environment where engineers can create, simulate, and optimize complex electronic circuits with impressive efficiency. Some key functions of EDA tools include: C