Market outlook for EDA in aerospace and defense sector
The global EDA in the aerospace and defense sector has started to grow at a faster rate due to the rising demand for semiconductor chips. Publisher's market research analysts predict steady market growth with a CAGR of around 8% from 2015 to 2019.
CAE emerged as the largest segment in the global EDA market in 2014. It includes ESL, RTL simulation, hardware-assisted verification, analysis tool, synthesis, analog and mixed signal simulator, formal verification, design entry, logic, and formal verification.
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ESL tools are expected to grow at a faster rate compared to
other segments in CAE. The major reason behind this growth is the system-level
approach of the tools that enables users to design, verify, and simulate
simultaneously at lower costs and in less time. RTL tools enable end-users to
verify logic designs using one or more RTL languages and give an abstract of
the complex circuit diagram.
Reduction in design time with EDA
Aerospace and defense manufacturers have increased their adoption of EDA to reduce design time, error and cost. For instance, Bell Helicopter adopted Mentor Graphics Capital product family to streamline the wiring design process for their Bell 525 Relentless program. The company used Capital Suite, which is an advanced electrical system and wire harness design software suite. With the adoption of Capital Suite, the company was able to reduce the time taken in electrical system integration by eliminating prototypes.
The company adopted Mentor capital logic, Capital Integrator, and Autoview software, along with applications of CATIA V6 MCAD integration. With the adoption of this software, the company has improved the relentless electrical system design process of Bell 525.
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Geographical segmentation of the global EDA market in
aerospace and defense industry
The EMEA accounted for the second largest market with close to 29% of shares in 2014. Germany and France are the leading revenue contributors for the EDA market in the aerospace and defense industry in EMEA.
With several initiatives undertaken by the governments of countries in the APAC to boost their respective aerospace and defense industries, the region is expected to record the highest CAGR during the forecast period.
Leading vendors analyzed in this report
- Cadence Design Systems
- Mentor Graphics
Other prominent vendors in this market include Aldec, Agnisys, Ansys, Keysight Technologies, MunEDA, and Zuken.
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