EDA market to have CAGR of 13.8% 2020-24

Author: EIS Release Date: Aug 22, 2022

The global EDA software market, market size is estimated to grow from $8.1 billion to $13.6 billion from 2020 to 2024, with a CAGR  of 13.8%, according to TrendForce.

 

At present, the EDA software market is oligopolistic, consisting of major players Synopsys, Cadence, and Siemens.

 

According to TrendForce, Synopsys, Cadence, and Siemens account for 32%, 30%, and 13% of the market, respectively, in 2021, for a total 75% market share.

 

TrendForce believes that even if China purchased a large amount of  EDA software before the US bans its export to China, it will do China little good because the software must connect to the developer for license updates before it can be used, and this can be  controlled by the US.

 

“The constraints imposed by US-based equipment and software sanctions may affect the long-term development of China’s semiconductor industry,” says TrendForce.