The report, now available on ASDReports, recognizes the following companies as the key players in the Global EDA in the Aerospace and Defence Sector: Cadence Design Systems, Mentor Graphics and Synopsys
Other Prominent Vendors in the market are: Aldec, Agnisys, Ansys, Keysight Technologies, MunEDA, and Zuken.
Commenting on the report, an analyst said: “The market is likely to be driven by new trends like availability of cloud-based EDA. Vendors like Cadence Design Systems and Synopsys are providing Cadence Hosting Design Solutions and Synopsys VCP as their cloud-based EDA offering. Through cloud-based EDA, high initial investment on EDA is eliminated, which will drive the demand for EDA in the market.”
According to the report, the major factor driving the growth of the global EDA market in the aerospace and defense industry is the reduction of electronics component or system design time with EDA. With intense competition among the aerospace and defense industry, vendors are looking for new technology in software application to reduce product design time. This has led to adoption of EDA, where electronics components or systems are designed at a reduced time. The adoption of EDA eliminates the creation of prototypes, which leads to reduction in product design and achieves faster time-to-market.
Further, the report states that one of the major challenges is the reduction in US defense spending.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Dec 21, 2015