North America Electronic Design Automation Market Opportunity Assessment 2027

North America Electronic Design Automation Market is expected to grow from US$ 4.10 Bn in 2018 to US$ 9.70 Bn by the year 2027 with a CAGR of 10.2% from the year 2019 to 2027.

Market Overview

The robust expansion of the semiconductor industry serves as a primary engine propelling the significant growth of the North America Electronic Design Automation Market. This upward trajectory is further amplified by the increasing emphasis on the miniaturization of electronic devices, a trend widely anticipated to fuel the North America Electronic Design Automation Market growth throughout the forecast period. Moreover, the
escalating number of significant collaborations and strategic alliances among key players within the electronic design automation (EDA) sector is a crucial factor driving market expansion. The North America Electronic Design Automation Market is characterized by the strong presence of several well-established
global companies, alongside a considerable number of smaller, tier-two enterprises. These EDA companies play a vital role in enabling semiconductor manufacturers to effectively meet the continuously increasing demand for advanced semiconductor products from their diverse clientele.

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Attributing to this dynamic, semiconductor manufacturers are exerting considerable pressure on the market participants operating within the North America Electronic Design Automation Market to design increasingly robust and sophisticated chipsets and other critical semiconductor products. In response to these demands, players within the North America Electronic Design Automation Market are increasingly focusing on strategic partnerships and acquisitions as key growth strategies. Several notable partnerships and acquisitions have shaped the competitive landscape of the electronic design automation market in recent years. For instance, in 2018, Cadence Design Systems, Inc. announced a strategic partnership with Green Hills Software, a collaboration aimed at accelerating the development of embedded safety and security solutions. As part of this partnership, Cadence Design Systems, Inc. made a significant investment of $150 million, acquiring approximately 16% ownership interest in Green Hills Software.

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The United States held a dominant position in the electronic design automation market in 2018 and is anticipated to maintain its leadership within the market across the North American region throughout the forecast period. The semiconductor industry has consistently remained critical to the national security, economic strength, and global technology leadership of North America. The US, in the context of the semiconductor industry, is not only the leading economy within North America but also a substantial contributor to the global market landscape. Furthermore, as a technologically advanced nation, the adoption and utilization of EDA software are anticipated to remain at a high level within the North America Electronic
Design Automation Market. However, it is projected that the North America Electronic Design Automation Market may gradually approach maturity in the coming years, primarily due to the anticipated moderation in the growth rate of the semiconductor industry. The continued innovation and demand for advanced electronics will, however, ensure the ongoing relevance of the North America Electronic Design Automation Market.

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