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Electronic Design Automation (EDA) Market to Grow by USD 8.7 Billion (2024-2028) with AI’s Rising Impact on Trends – Technavio Report

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NEW YORK, Sept. 17, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global electronic design automation (EDA) market size is estimated to grow by USD 8693.6 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.26%  during the forecast period. Growing significance of eda in electronic design process is driving market growth, with a trend towards machine learning disrupting global eda market. However, high dependency on semiconductors and electronics markets  poses a challenge. Key market players include Advanced Micro Devices Inc., Agnisys Inc., Aldec Inc., ANSYS Inc., Autodesk Inc., Cadence Design Systems Inc., ElectroMagneticWorks Inc., Eremex Ltd., Intercept Technology Inc., Keysight Technologies Inc., Labcenter Electronics, Mirabilis Design Inc, National Instruments Corp., Siemens AG, Sigasi NV, Silvaco Inc., Synopsys Inc., Verific Design Automation Inc., WestDev Ltd., and Zuken Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Electronic Design Automation (Eda) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.26%

Market growth 2024-2028

USD 8693.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.4

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, Germany, Japan, and South Korea

Key companies profiled

Advanced Micro Devices Inc., Agnisys Inc., Aldec Inc., ANSYS Inc., Autodesk Inc., Cadence Design Systems Inc., ElectroMagneticWorks Inc., Eremex Ltd., Intercept Technology Inc., Keysight Technologies Inc., Labcenter Electronics, Mirabilis Design Inc, National Instruments Corp., Siemens AG, Sigasi NV, Silvaco Inc., Synopsys Inc., Verific Design Automation Inc., WestDev Ltd., and Zuken Inc.

Market Driver

Machine learning is revolutionizing the global Electronic Design Automation (EDA) market by enabling EDA tools to recommend solutions to common design problems, reducing design costs, and increasing productivity. This cost reduction opens up opportunities for new chip designs and companies. Machine learning integration also provides statistical insights for designers, reducing production challenges and failures. New generations of EDA tools are being developed to work with machine learning, offering greater predictability and stability. The use of GPUs for running machine learning-enhanced EDA tools is an emerging trend, although its applicability to EDA problems is still uncertain. Machine learning is a cutting-edge development in the semiconductor industry, with potential applications in battery-operated consumer products, the automotive industry, and IoT devices. These factors are expected to fuel the growth of the global EDA market during the forecast period. 

The Electronic Design Automation (EDA) market is experiencing significant growth due to the increasing demand for connected gadgets, sensor technologies, and sensing devices in various industries. Semiconductor companies are at the forefront of this trend, developing advanced ICs for AI industries, consumer electronics, automotive, and more. VLSI structures and microprocessors/controllers are essential components in the production of smartphones, laptops, smartwatches, printers, media players, and other consumer devices. Moreover, the emergence of 5G communications, hyper-scale computing, and the IoT industry is driving the need for EDA tools in silicon photonics, automated controls, and sensing applications. The aerospace industry also relies on EDA for designing avionics systems, while the AI industry requires programmable chip platforms and cloud-based solutions. EDA plays a crucial role in the development of smart devices, including fitness devices and trackers, and components for streaming services, social media platforms, and smartcard applications. 

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 Market Challenges

•  The Electronic Design Automation (EDA) market’s growth and IP product sales are closely linked to the semiconductor and electronics industries. Semiconductor manufacturers and their customers initiating new design projects significantly contribute to the EDA market’s business and revenue. However, the increasing complexity of semiconductor designs, such as SOCs, 3D NAND, MEMS, and FinFET, introduces risks of designing gaps and delayed development cycles. Consequently, semiconductor manufacturers increasingly rely on EDA tools to mitigate these risks. Simultaneously, EDA vendors depend on the semiconductor industry’s growth and technological transitions. However, the electronic device manufacturing sector’s high demand volatility creates a supply-demand gap, negatively impacting the EDA market’s growth. Additionally, the adoption rate of EDA across various end-user sectors is subject to these value chain fluctuations. EDA is an emerging key component in the semiconductor value chain, with cloud EDAs being a recent development in the market. Vendors of cloud EDAs invest substantially to improve their offerings for customers. However, these investments increase costs for vendors, which they depend on the growth of the electronic device manufacturing sector to recoup. Semiconductor companies’ procurement of third-party IPs can adversely affect vendors’ revenues. To mitigate this risk, some EDA vendors collaborate with significant foundries to ensure compatibility with buyers’ manufacturing processes. However, the EDA market’s high dependency on semiconductors and PCBs increases market demand fluctuations, potentially reducing profit margins. This dependency poses a challenge to the growth of the global EDA market during the forecast period.

•  The Electronic Design Automation (EDA) market is experiencing significant growth due to the increasing demand for advanced electronic systems in various industries. IC design for integrated circuits (ICs) in consumer electronics like smartphones, laptops, smartwatches, and fitness devices is a major driver. EDA software plays a crucial role in designing miniaturized chips and ICs for these devices, ensuring accuracy and automated processes. The semiconductor sector, including silicon sector, AI industry, IoT industry, and avionics systems, also relies heavily on EDA tools for sophisticated designs. Electronics makers face challenges in managing memory, microprocessors, and controllers, which EDA software addresses through advanced AI and cloud-based solutions. Automotive, healthcare, and aerospace and military industries also benefit from EDA tools for manufacturing and defect reduction. However, the complexity of designing circuits for these industries presents challenges, including bugs, defects, and design errors. EDA software helps electronics firms overcome these hurdles, enabling them to create high-performance, automated processes for their hardware and computer-aided design needs.

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Segment Overview 

This electronic design automation (eda) market report extensively covers market segmentation by 

Product Type1.1 Semiconductor IP1.2 CAE1.3 IC physical design and verification1.4 PCB and multi-chip module1.5 ServicesDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Semiconductor IP-  The semiconductor IP segment holds the largest share in the global Electronic Design Automation (EDA) market due to the increasing complexity of semiconductor designs and manufacturing processes. The integration of advanced technologies is leading to an increase in the number of registered IPs in the semiconductor industry. During the forecast period, the demand for semiconductors is expected to grow in various industries such as automotive, power, healthcare, and engineering, leading to a higher significance of semiconductor IPs. The semiconductor IP market segment includes software and tools like embedded software, semiconductor IP verification, and macrocells and cores. The growing demand for miniaturized and all-in-one devices, such as smartwatches, advanced phones, tablets, and AI-enabled virtual assistant devices, requires intricate and dense semiconductors. This complexity results in the integration of a large number of transistors on a node size of 1X-4X on a wafer, leading to the development of complex chips like SoCs and three-dimensional ICs. For instance, Cadence Design Systems Inc. Launched a silicon-validated SP4T RF SOI switch reference flow in partnership with Tower Semiconductor, utilizing a single design environment for chips and packaging co-design and simulation. The increasing complexity of designs and the growing demand for semiconductors across various industries will drive the growth of the semiconductor IP segment in the global EDA market.

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Research Analysis

The Electronic Design Automation (EDA) market plays a pivotal role in the development of various electronic devices and industries. Integrated circuits (ICs) are at the heart of this market, enabling the creation of miniaturized chips for consumer electronics such as smartphones, laptops, smartwatches, and fitness devices. EDA software is essential for designing these complex circuits, ensuring accuracy and efficiency. The IC industry, including semiconductor components, is a significant consumer of EDA tools. The proliferation of streaming services, social media platforms, and the IoT industry further fuels the demand for EDA solutions. Avionics systems, cloud-based solutions, artificial intelligence, and the AI industry are also benefiting from advanced EDA technologies. Electronics firms rely on EDA software for hardware design and computer-aided design, making it an indispensable part of the modern technology landscape.

Market Research Overview

The Electronic Design Automation (EDA) market plays a pivotal role in the development of advanced electronic systems by providing software solutions for designing and verifying integrated circuits (ICs) and printed circuit boards. EDA tools are essential for creating sophisticated designs for consumer electronics, such as smartphones, smartwatches, laptops, and streaming services, as well as for industries like avionics systems, automotive, and healthcare. EDA software enables electronics makers to create miniaturized chips and ICs with high accuracy, managing memory and microprocessors and controllers, and addressing bugs, defects, and design errors. The EDA market caters to various sectors, including the semiconductor industry, AI industry, IoT industry, and silicon sector, with applications in smart devices, sensor technologies, and automation. EDA tools support the design process for various applications, including VLSI structures, microprocessors and controllers, and memory management units. Additionally, EDA software is crucial for designing advanced electronic systems in industries like aerospace and military, manufacturing, and telecommunications, including 5G communications, hyper-scale computing, and silicon photonics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypeSemiconductor IPCAEIC Physical Design And VerificationPCB And Multi-chip ModuleServicesDeploymentOn-premisesCloud-basedGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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