Market Size of China Electronic Design Automation (EDA) Tools Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Electronic Design Automation Tools Market Analysis
The China Electronic Design Automation (EDA) Tools Market is expected to register a CAGR of 10.2% during the forecast period (2021 - 2026). China commands a significant share of the semiconductor industry. According to SEMI, China is expected to be the top country in fab investment in 2020, with more than USD 20 billion in expenditure.
- The EDA tools market in the overall Asia-Pacific region is witnessing growth primarily owing to the large presence of electronics and automobile manufacturing companies, as well as an increasing purchasing power of the consumers. The region has witnessed robust growth in the adoption of smartphones and digitization of business processes, thereby fueling the deployment of EDA tools to cater to the booming consumer electronics manufacturing sector.
- A specific trend in the Chinese market has been the consolidation, wherein under state-supervised Chinese players have been amalgamated to increase their manufacturing capacities and abilities to compete with foreign rivals. Through this process of consolidation, new Chinese semiconductor giants are emerging and utilizing their financial power and production capacities to augment the domestic production and reduce the country's reliance on imports.
- Moreover, the Chinese government is actively investing in home-grown semiconductor development. In July 2019, China Integrated Circuit Industry Investment Fund, also known as the country's Big Fund, raised a capital worth USD 29.08 billion for its second phase. This is expected to contribute by bolstering chip design, advanced materials, and equipment areas.
- The recent coronavirus outbreak in the country is disrupting the global tech sector, especially the hardware, electronic manufacturing services providers, and semiconductor companies, as operations in the world's largest tech manufacturing hub are threatened.
