Global EDA market to grow at CAGR of 13.3 percent over the period 2011-2015

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Electronic Design Automation Market 2011-2015" report to its offering.

One of the key factors contributing to this market growth is increasing demand from the semiconductor industry. The Global EDA market has also been witnessing on emergence of advanced EDA tools. However, the need for continuous upgradation of EDA tools could pose a challenge to the growth of this market.

Key vendors dominating this market space include Synopsys Inc., Cadence Design Automation Inc. and Mentor Graphics Corp.

Commenting on the report, an analyst from TechNavio's Engineering Services team said: "The vendors in the Global EDA market need to develop advanced EDA tools to enable users to meet the developments in technology in the Semiconductor industry. Besides, semiconductor manufacturing companies are adopting 90 nm nodes at a faster rate than other nodes. EDA vendors have, therefore, started focusing on developing EDA tools for 90 nm node semiconductor designs. Customers also prefer 90 nm node EDA tools that can provide accurate designs for all kind of nodes such as 90 nm nodes, 60 nm nodes, and 45 nm nodes. Therefore, the increasing demand for 90 nm nodes gives rise to the demand for advanced EDA tools, which drives the global EDA market."

According to the report, the global EDA market is majorly driven by the global semiconductor industry. The major revenue in the EDA market comes from semiconductor manufacturing companies. Semiconductor manufacturing companies depend on EDA software and tools to design semiconductor chips.