Electronic Design Automation Market Trends, Application, And Regional Forecast To 2030

The Electronic Design Automation Market is expected to reach $17.47 billion by 2030, at a CAGR of 10.7% during the forecast period of 2023–2030.

The growth of this market is attributed to the growing need to reduce the complexity of integrated circuit designing, the increasing adoption of connected devices, and the rising demand for EDA solutions in the aerospace & defense sector. In addition, the growing adoption of cloud technologies across SMEs and the increasing integration of machine learning technology is expected to offer significant growth opportunities for the growth of this market.

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