Electronic Design Automation Market to Reach $32.75 Billion by 2032: Growth Drivers and Trends
The electronic design automation market is experiencing rapid transformation driven by semiconductor complexity and AI integration. With projected growth to $32.75 billion by 2032, EDA tools are becoming essential for next-generation chip design and verification across multiple industries.
The electronic design automation market is undergoing a significant transformation, driven by accelerating semiconductor innovation and the integration of artificial intelligence into design workflows. This critical sector, which provides the tools and platforms essential for designing and verifying complex electronic systems, is projected to grow from USD 14.66 billion in 2023 to USD 32.75 billion by 2032, representing a compound annual growth rate of 9.35% during the forecast period.
