EDA Market Set for Robust Growth Driven by Demand for Complex Electronic Devices

Global electronic design automation (EDA) market valued at $14 billion in 2022, projected to reach $31 billion by 2030 with 10.4% CAGR.
Consumer electronics was largest application segment in 2022 with 30% market share.
Asia-Pacific dominated with 40% global market share due to demand for electronic devices and focus on innovation.
Need for skilled professionals with expertise in complex electronic design is increasing competition.
Market growth driven by rising complexity of electronic systems and need for effective design tools.

benzinga.com

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