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FELTON, Calif., April 1, 2021 /PRNewswire/ The global Electronic Design Automation (EDA) Software Market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights.
What are Key Factors Driving the
Electronic Design Automation Software Market?
The growing adoption of electronic devices across the globe is prompting manufacturers to develop compact electronics devices by incorporating and minimizing the size of miniaturized chips/ICs which has complex designs. Thus, electronics manufacturers are increasing the adoption of EDA software, in order to achieve the precision in IC designs and circuits, which in turn expected to boost the market growth in the forthcoming years.
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FELTON, Calif., Feb. 16, 2021 /PRNewswire/ The global food robotics market size is anticipated to reach USD 3.35 billion by 2025. It is also expected to register 13.1% CAGR during the forecasted period, 2017 to 2025. The rising preference for processed food prevailing among the millennial population coupled with the need for automation of food processing and manufacturing industry is anticipated to drive the market growth.
The SCARA type segment is projected to register the highest growth in the upcoming years with a CAGR of 15.5% during the forecasted years. While the articulated type of food robotics segment held the largest share across the global market, in 2016 due to its preference for applications like material handling and palletizing.