Hardware-assisted Verification Market Trends

  • Report ID: 5435
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Hardware-assisted Verification Market Trends

Growth Drivers

  • Escalating Demand for High-Performance Computing (HPC) Architectures - The surge in demand for high-performance computing (HPC) architectures is a significant catalyst propelling the growth of the hardware-assisted verification market. As industries increasingly leverage HPC for complex computations and data-intensive tasks, semiconductor designs supporting such architectures undergo heightened complexity. Hardware-assisted verification solutions, particularly emulation platforms and FPGA-based prototyping, become indispensable in validating the intricate interplay of hardware and software in HPC systems. Analysis indicates a substantial rise in the adoption of HPC architectures, with the global HPC sales expected to reach USD 49 billion by 2023. This underscores the parallel growth trajectory of the hardware-assisted verification market, aligning with the escalating demand for HPC solutions.
  • Growing Emphasis on Cybersecurity Verification - The rising concerns about cybersecurity in electronic systems necessitate robust verification of security features embedded in semiconductor designs. Hardware-assisted verification tools contribute to cybersecurity verification by allowing designers to test and validate security protocols, encryption algorithms, and protection mechanisms against potential vulnerabilities and threats. This emphasizes the increasing importance of cybersecurity measures across industries and the corresponding demand for hardware-assisted verification solutions to ensure the security resilience of semiconductor designs.
  • Shift Towards System-Level Verification - A notable trend in semiconductor design is the shift towards system-level verification, wherein the entire system's functionality is validated rather than focusing solely on individual components. Hardware-assisted verification, particularly through emulation, allows for comprehensive system-level testing, enabling designers to identify and address issues related to hardware-software interactions and system integration early in the design cycle. This growth underscores the increasing complexity of SoC designs and the corresponding need for advanced hardware-assisted verification solutions to facilitate robust system-level verification.

Challenges

  • Rising Design Complexity - The designs of modern semiconductor components, driven by advancements in AI, 5G, and automotive technologies, are becoming increasingly complex. This complexity poses a significant challenge for hardware-assisted verification tools, as the verification process must keep pace with the intricate nature of these designs. Increased design complexity can lead to longer verification cycles, higher development costs, and potential delays in time-to-market for semiconductor products.
  • Integration with Existing Workflows
  • High Cost of Hardware-assisted Verification Solutions

Hardware-assisted Verification Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

14.8%

Base Year Market Size (2024)

USD 655.06 million

Forecast Year Market Size (2037)

USD 3.94 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 5435
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hardware-assisted verification is evaluated at USD 732.62 million.

The hardware-assisted verification market size was valued at USD 655.06 million in 2024 and is expected to reach USD 3.94 billion by 2037, registering around 14.8% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for IoT sector will fuel the market growth.

Asia Pacific industry is poised to hold largest revenue share of 43% by 2037, impelled by surge in substantial investments in artificial intelligence in the region.

The major players in the market are Synopsys, Inc., Cadence Design Systems, Inc., Mentor, a Siemens Business, Keysight Technologies, Inc., Agilent Technologies, Inc., Ansys, Inc., and others.
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