Record EDA software revenue growth; semiconductor physical design and verification grew 45.3% in 3Q2023

Industry body ESD Alliance reported that Electronic System Design (ESD) industry revenue increased 25.2% to $4,702.4 million in the third quarter of 2023 from the $3,756.3 million logged in the third quarter of 2022. The four-quarter moving average, which compares the most recent four quarters to the pri'''or four, rose 13.8%. Here below are the further finding, comments and analysis shared by ESD Alliance. “Electronic design automation (EDA) reported record revenue growth in Q3 23,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “This was the highest overall growth since Q4 1998. The Computer-Aided Engineering, IC Physical Design and Verification, Printed Circuit Board and Multi-Chip Module, and Semiconductor Intellectual Property categories reported double-digit growth. Further, all geographic regions reported substantial growth.” The companies tracked in the EDMD report employed 59,737 people globally in Q3 2023, a 10.6% jump over the Q3 2022 headcount of 53,034 and up 1% compared to Q2 2023. The quarterly EDMD report contains detailed revenue information with the following category and geographic breakdowns. Revenue by Product and Application Category – Year-Over-Year Change Computer-Aided Engineering (CAE) revenue increased 22.4% to $1,657.5 million. The four-quarter CAE moving average increased 16.7%. IC P...