Hardware-Assisted Verification Market Poised to Garner Maximum Revenue by 2027
It is estimated that the global hardware-assisted verification market share could be worth US$1.5 billion by the end of 2027.
It is estimated that the global hardware-assisted verification market share could be worth US$1.5 billion by the end of 2027. Powered by the rise of industrial automation and smart factories, the hardware-assisted verification (HAV) industry is gaining traction worldwide. With rising levels of automation, the number of sensors, control systems, and other components increases directly. To address the increasing complexity of system-on-chip (SoC) devices, HAV is emerging as the preferred technology. Widespread adoption of IoT and connected devices will create further opportunities for HAV adoption in the future.
Shifting automotive trends towards autonomous and connected vehicles will benefit hardware-assisted verification market outlook. Adding self-driving capabilities to a vehicle means the integration of advanced electronic components. Automakers are increasingly adopting hardware emulation to achieve faster and more accurate verification of vehicle systems such as ADAS, adaptive cruise control, autonomous braking, parking assistant, and others.
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Highlighted below are some pivotal factors influencing future trends in HAV adoption.
Growing adoption of hardware emulation
Innovations in semiconductor and electronics design are fueling the need for high-speed verification of components. Hardware emulation is thus becoming a highly-sought-after solution among chipmakers. It offers several benefits including high operating speed and multiple chipset design support. Ongoing technological advances will foster widespread adoption of hardware emulation platforms and positively impact hardware-assisted verification market outlook.
Rapid 5G rollout efforts in North America
5G — the fifth-generation wireless mobile network — has been one of the biggest trends in the electronics & telecom industry landscape. North America is among the earliest adopters of the technology in the world and 5G deployment efforts in the region are gathering pace. Between 2020 and 2025, the U.S. government and telecom operators are anticipated to spend over US$250 billion in developing the required infrastructure. Rapid rollout of 5G services in North America and worldwide will transform the HAV market in the next few years.
Increasing industrialization across Europe
Germany, France, and the U.K. are seeing a monumental rise in industrialization, supported by government investments to boost local manufacturing. For instance, the European Union announced plans to invest US$160 billion in March last year to double its chip production capacity by 2030. Such initiatives are creating opportunities for the adoption of hardware-assisted verification market solutions such as hardware emulation and FPGA prototyping.
Intensifying competition among HAV industry players
Aldec Inc., Agnisys Inc., Blue Pearl Software Inc., Cadence Design Systems, Inc., EMA Design Automation Inc., Hardent, Innovative Logic, Ansys, Inc., Real Intent, Inc., and Siemens AG are some of the leading HAV solutions providers in the world. Product innovation is a top priority among companies as they look to consolidate their position in the HAV market. In July last year, for example, Alden Inc. introduced a static verification rule set — RISC-V — for static validation of HDL code prior to simulation.
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New opportunities amid COVID-19
The global coronavirus pandemic has brought opened up new opportunities for the HAV industry. This is due to the widespread shift to digital technologies across automotive, healthcare, electronics, telecom, and other key end-use sectors. Heightened use of IoT, connected devices, and remote working technologies to function efficiently amid stay-at-home restrictions has worked in favor of HAV market.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.1.2 Methodology and forecast parameters
1.1.3 Region-wise COVID-19 impact analysis
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Hardware-assisted verification market 360° synopsis, 2016–2027
2.1.1 Business trends
2.1.2 Platform trends
2.1.3 Application trends
2.1.4 Regional trends
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