Cloud EDA Market Size, Share, and Industry Analysis, By Product Type (Computer Aided Engineering, Semiconductor Intellectual Property, IC Physical Design & Verification, and Printed Circuit Board and Multi-Chip Module (MCM)), By Industry (Automotive, Aerospace & Defense, Healthcare, Telecom, and Others), and Regional Forecast, 2024-2032

Cloud EDA (Electronic Design Automation) denotes the use of cloud computing platforms and resources to assist the simulation, verification, design, and synthesis of electronic systems, as well as printed circuit board (PCBs), integrated circuits (ICs), and electronic devices. Cloud EDAs provide design teams with on-demand access to design tools, computational resources, and collaboration capabilities, irrespective of their physical location by leveraging flexibility, scalability, and accessibility of cloud computing technology. Further, the use of cloud EDA eliminates the requirement of high initial investment in IT infrastructure, software licenses, and hardware which ultimately reduces the cost of design project.

Moreover, the cloud EDA platforms are accessible from anywhere with an internet connection. This work from anywhere facility enables project team members to collaborate with partners, design team members, customers, and suppliers by providing centralized access to resources, tools, and design data. This collaboration can take place in real-time which helps them to track project progress more efficiently. For instance,

• In August 2021, Xpeedic launched its cloud EDA platform on Microsoft Azure at DesignCon 2021. Microsoft provides secure and scalable platform with complete set of services integrated by cloud EDA.

Impact of Generative AI on the Cloud EDA Market

Generative AI (artificial intelligence) is anticipated to have positive impact on the cloud EDA market, as it transforms the designing method of electronic systems with the help of novel capabilities. This technology help designers to generate complex design spaces more efficiently. This capability enable designers to identify optimal design solutions and trade-offs in the cloud EDA market. Gen AI algorithm is capable of automating the design synthesis process, layouts, and creating circuit topologies. This automation help organization to reduce manual effors and streamline design process. For instance,

• In March 2024, Synopsys, Inc. roll out novel AI-driven EDA and IP Systems Design Solutions Synopsys User Group (SNUG) conference in the U.S. This solution helps the organization to maximize their design and engineering teams capability.

Therefore, these factors boost the market growth.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Impact of Generative AI on the Global Cloud EDA Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis By Product Type

The computer aided engineering (CAE) dominated the market, with the highest market share, as it offers multiple advantages for design teams, electronic manufacturers, and semiconductor companies. Cloud-based CAE solutions provide scalable computing resources, that helps design teams to handle complex simulation process. Furthermore, cloud-based CAE eliminates the requirement of initial capital investment for IT infrastructure and software licenses.

Regional Analysis

The global cloud EDA market has been studied across five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific. In 2023, North America accounts for the highest market share across the global market. Cloud EDA is seamlessly integrated into existing tools, workflows, and environment of market players such as Cadence, Altium Designer, and Synopsys operating the region. This integration enhances productivity, streamlines design process, and user experience. Growing adoption of digitization and automation process offer numerous growth opportunities to market players in North America. Thus, the rising innovation will also augment the market growth.

Distribution of the Global Cloud EDA Market, By Region

• North America – 34%


• South America – 5%


• Europe – 28%


• Middle East and Africa – 10%


• Asia Pacific – 23%

Key Players Covered

The report provides the profiles of key players such as Synopsys, Inc., Cadence Design Systems, Inc., ANSYS, Inc., Keysight Technologies, Inc., Advanced Micro Devices, Altium Limited, Zuken Inc., Silvaco, Inc, Agnisys, and Xpeedic.

Key Industry Developments

• In February 2024, Xpeedic released an EDA solution for multi-physics analysis at DesignCon2024. This platform supports a wide-ranging analysis and simulation flow, including power AC analysis and power DC analysis.


• In November 2023, Siemens Digital Industries Software completed the takeover of Insight EDA Inc., an EDA software company. With this acquisition, Insight EDA would help Siemens company’s design team to generate accurate integrated circuit (IC) design and reduce failure areas.