The global Electronic Design Automation (EDA) market is projected to grow from US$ 17.59 billion in 2025 to US$ 32.88 billion by 2032, at a CAGR of 9.4%. This growth is fueled by the increasing complexity of semiconductor design, rising demand for AI, IoT, and 5G technologies, and the shift towards cloud-based EDA platforms. Industry leaders like Synopsys, Cadence, and Siemens are innovating with AI and ML to streamline chip design, improve verification speeds, and boost productivity. North America is set to lead the market with a 45% share in 2025, while solutions will dominate the component segment with a 78% share. |