Electronic system design (ESD) industry revenue increased by 18.2% to $4.69 billion in the second quarter of 2024 from the $3.96 billion registered in the second quarter of 2023, according to the latest Electronic Design Market Data (EDMD) report by the ESD Alliance, a SEMI Technology Community.
The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 18%.
“The electronic design automation (EDA) industry reported substantial revenue growth in 2Q 2024. All product categories reported increases, with IC Physical and Semiconductor IP and Services posting double-digit growth. Further, all geographic regions reported double-digit growth,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report.
The companies tracked in the EDMD report employed 63,188 people globally in 2Q 2024, a 6.8% jump over the 2Q 2023 headcount of 59,160 and up by 2.5% compared to 1Q 2024.
The quarterly EDMD report contains detailed revenue information with the following category and geographic breakdowns.
Revenue by Product and Application Category
• Computer-Aided Engineering (CAE) revenue increased by 8.9% to $1,646.4 million in 2Q 2024. The four-quarter CAE moving average increased 16%.
• IC Physical Design and Verification revenue grew by 13.1% to $779.3 million. The four-quarter moving average for the category increased 17.1%.
• Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue rose by 8.2% to $399.2 million. The four-quarter moving average for PCB and MCM rose 13.6%.
• Semiconductor Intellectual Property (SIP) revenue jumped by 33.9% to $1,680.7 million. The four-quarter SIP moving average rose 21.7%.
• Services revenue rose by 30.8% to $179.8 million. The four-quarter Services moving average rose 18.4%.
Revenue by Region
The Americas, the largest reporting region by revenue, procured $2.035 billion of electronic system design products and services in 2Q 2024, a 25% increase. The four-quarter moving average for the Americas rose 18.3%.
Europe, Middle East, and Africa (EMEA) procured $584.6 million of electronic system design products and services, a 14.8% increase. The four-quarter moving average for EMEA grew 16.3%.
Japan’s procurement of electronic system design products and services grew by 26.4% to $305.4 million. The four-quarter moving average for Japan increased 16.5%.
Asia Pacific (APAC) procured $1760.6 million of electronic system design products and services, an 11.2% increase. The four-quarter moving average for APAC grew 18.5%.
