China Electronic Design Automation Software Market Competition by Manufacturers 2030

China Electronic Design Automation Software Industry Overview

The China electronic design automation software market size was valued at USD 1.06 billion in 2021 and is expected to register a CAGR of 11.2% from 2022 to 2030.

The presence of several semiconductors and automotive manufacturing industries in the country is one of the prime factors driving the market growth. The Chinese government has extended its support to encourage local manufacturers through initiatives like Made in China 2025, which is anticipated to drive local semiconductor manufacturing. Such factors are expected to increase the adoption of electronic design automation (EDA) software by the Chinese semiconductor manufacturers, which bodes well for market growth.

Gather more insights about the market drivers, restrains and growth of the China Electronic Design Automation Software Market

China EDA software market size, by end use, 2020 - 2030 (USD Million)

The increasing demand for new and advanced features in consumer electronics, smart home appliances, and automobiles is expected to contribute to market growth. The introduction of advanced features requires sophisticated hardware, which is driving collaborations between microchip manufacturers and OEMs. Chip manufacturers have been investing heavily in product innovation and research to enhance circuit designs to support various technologies such as IoT and artificial intelligence. This is expected to increase the adoption of EDA software and contribute to market growth.

The COVID-19 outbreak two years ago led to the closure of several manufacturing plants in China, thereby impacting several players along the value chain. EDA is one of the essential components of the electronics value chain, which experienced a slight impact during the first two quarters of 2020. However, as the effect of the pandemic started diminishing, several industries resumed operations by the end of the second quarter. The EDA software market recovered strongly during the remaining two quarters and regained its pre-pandemic growth rate, which is expected to continue post-pandemic and over the forecast period.

China relies heavily on the EDA tools developed by U.S. companies, which is expected to challenge market growth due to the ongoing trade tensions between the two countries. The current EDA market in China is mainly dominated by foreign companies such as Cadence, Synopsys, Inc., and Mentor (Siemens), among others. For instance, as reported by INEWS, foreign companies accounted for more than 80% of the market share for EDA tools in China in 2020. However, increasing investment and backing from the Chinese government in developing the domestic semiconductor industry is expected to contribute to the emergence of several EDA firms in the country.

The domestic semiconductor industry is backed by the Chinese government, which offers tax incentives and huge capital to the semiconductor manufacturers. The Chinese government has created a state-backed fund of USD 29.00 billion to minimize its dependence on foreign technology and semiconductor products. This has resulted in attracting venture capitalists and contributed to the growing appetite for domestic innovation, which is anticipated to contribute to the growth. For instance, X-Epic, one of the leading players in the Chinese EDA market, raised USD 15.4 million of funding in a Pre-A round of financing, which was led by China V Fund, post which the company has completed other such successful rounds of funding.

Browse through Grand View Research's IT Services & Applications Industry Research Reports.

  • Business Software And Services Market - The global business software and services market size was valued at USD 474.61 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030.
  • Electronic Design Automation Software Market - The global electronic design automation software market size was valued at USD 10.20 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030.

Market Share Insights

  • January 2022: The Shanghai government announced that it would subsidize 30% (up to USD15 million) of investments made on microchip software projects, which include EDA software.
  • November 2021: XEPIC Corporation Limited introduced four digital verification EDA tools, namely FusionVerify Platform, HuaPro-P1, A High-Performance FPGA-based Prototyping System, GalaxSim-1.0, A High-performance Digital Simulator, and GalaxPSS, A Next-generation Intelligent Verification System.

Key Companies profiled:

Some prominent players in the China electronic design automation software market include

  • ANSYS, Inc.
  • Cadence Design Systems, Inc.
  • Synopsys, Inc.
  • Altium Limited
  • Semitronix Corporation
  • XEPIC Corporation Limited
  • Primarius Technologies
  • Xpeedic
  • Zuken

Order a free sample PDF of the China Electronic Design Automation Software Market Intelligence Study, published by Grand View Research.

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