FELTON, Calif., April 1, 2021 /PRNewswire/ — The global Electronic Design Automation (EDA) Software Market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights.
What are Key Factors Driving the Electronic Design Automation Software Market?
The growing adoption of electronic devices across the globe is prompting manufacturers to develop compact electronics devices by incorporating and minimizing the size of miniaturized chips/ICs which has complex designs. Thus, electronics manufacturers are increasing the adoption of EDA software, in order to achieve the precision in IC designs and circuits, which in turn expected to boost the market growth in the forthcoming years.
EDA involves a set of software algorithms which is used for designing the complex next-generation electronics systems and products. Moreover, it includes integrated circuits (ICs), Multi-Chip Modules (MCM), printed circuit boards (PCBs) and various others. The PCB software is used for designing and constructing the layout of the circuit in an electronic device. Moreover, the electronic components such as transistors, resistors, ICs and capacitors are mounted on the PCBs.
Furthermore, the software helps in the inspection of the circuit and offers visualization of the circuit. It also improves the quality, productivity and accuracy of the design process by eliminating the manual interventions. The software is widely used in the designing and…