Global Analog & Digital IC Development Tools Market: Introduction
Semiconductors are one of the most crucial technology in the world of smart and connected devices. The need for analog & digital IC development tools is increasing with the increasing demand for smart and connected devices.
The growth in the market is directly proportional to the increasing need for compact devices
Global Analog & Digital IC Development Tools Market – Dynamics
Increase in Penetration of Smartphones and Connected Devices
Demand for analog & digital IC development tools can be attributed to the increased usage of smartphones, smart devices, and tablets. Individuals as well as businesses are shifting toward a wireless system from the conventional system. The demand to enhance flexibility for the usage and need for storage on compact size devices is driving the demand for analog & digital IC development tools. Digitization has also played an important role in the development of the market.
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Rise in adoption of IoT Based Systems
Adoption rate of IoT based systems is increasing rapidly across the globe. IoT has simplified complex traditional problems related to connectivity and flow of information. The number of IoT connected devices is increasing yearly due to their wide acceptance alongside a shift in preference from wired devices to wireless devices. it is expected to drive the demand for the analog digital IC development tools market.
North America to Dominate the Global Analog & Digital IC Development Tools Market
In terms of region, the global analog & digital IC development tools market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the analog & digital IC development tools market during the forecast period due to strong adoption rate of new smart and connected devices.
COVID-19 Impact on the Global Analog & Digital IC Development Tools Market
The COVID-19 pandemic is expected to moderately impact the global analog & digital IC development tools market for a short-term period. The economic depression due to lockdown and shut down of enterprises across the globe has led to low investment in new technology as this increases the additional fixed cost of companies. Companies in this time period are highly skeptical about investment.
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Global Analog & Digital IC Development Tools Market – Competition Landscape
- In September 2019, Silvaco Inc. and HDL Design House signed a partnership to offer analog/digital IC design services and full turn-key solutions to fabless semiconductor companies worldwide. This will help HDL Design House to fulfill the increasing demand for SoC and analog IC implementation expertise and solutions.
HDL Design House
Incorporated in 2001, HDL Design House provides leading-edge digital, analog, and back-end design and verification services and products in various architectures and numerous areas of SoC and complex FPGA designs. The company has also achieved ISO 9001:2015 and ISO/IEC 27001:2013 certifications
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