The leading vendors in the global cloud EDA market are Cadence Design Systems, Mentor Graphics, and Synopsys.
Market Research HUB has added a new report titled "Global Cloud EDA Market Size, Status and Forecast 2025" to its vast collection of industry reports. The report covers the present scenario and the growth prospects of the global cloud electronic design automation (EDA) market till 2025.
To calculate the market size, the report considers the revenue generated from the sales of cloud EDA software license by OEMs and electronic component suppliers.
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The adoption of EDA leads to a reduction in the design time, errors, and cost and is mainly used in the manufacture of aerospace and defense equipment.
For instance, Bell Helicopter adopted Mentor Graphics Capital product family to streamline the wiring design process for their Bell 525 Relentless program. The company used Capital Suite, an advanced electrical system, and wire harness design software suite to reduce the time taken in electrical system integration by eliminating prototypes.
Capital Logic, Capital Integrator, and Capital AutoView software are few other software adopted by the company to streamline and improve the relentless electrical system design process subsequently, providing a faster time to market. The reduction in design time is one of the major advantages that EDA offers and will be one of the primary factors fueling the growth of the cloud EDA market.
The requirement of a huge capital investment by customers is one of the primary barriers affecting the growth of the cloud EDA market. As a result, the coming years will witness the shift from a perpetual model to a subscription-based licensing model.
A subscription license model will help vendors offer their users features to create a mix of desired EDA tools and also provide upgrades and maintenance facilities. Moreover, a subscription model will considerably reduce the total cost of operation enabling several large companies and small and medium-sized enterprises to have easy access to EDA tools.
Competitive landscape and key vendors
Though the global cloud EDA market is not capital-intensive, it is labor-intensive and demands the presence of a large number of EDA expert professionals. This acts a major barrier for new players to enter the market.
The market is primarily dominated by three major players such as Cadence Design Systems, Synopsis, and Mentor Graphics who with their extensive capital and marketing resources compete with each other for a considerable revenue share of the market. In addition to these leading players, the market is also marked by the presence of small EDA companies with limited capital.
These companies offer their innovative solutions at affordable prices and pose a stiff competition to the major players.
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This report studies the global Cloud EDA market, analyzes and researches the Cloud EDA development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Cadence Design Systems
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
SIP (semiconductor intellectual property)
IC Physical Design and Verification
Printed Circuit Board (PCB) and Multi-chip Module (MCM)
Market segment by Application, Cloud EDA can be split into
Defense & Aerospace Industry
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