At 13.8% CAGR, Europe Photonic Design Automation Market is Projected to be Worth US$ 791.25 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe photonic design automation market was valued at US$ 281.18 million in 2022 and is expected to reach US$ 791.25 million by 2030, registering a CAGR of 13.8% from 2022 to 2030. Increasing need for efficiency and accuracy and advancements in photonic devices are among the critical factors attributed to the Europe photonic design automation market expansion.

The complexity involved in designing photonic devices and systems has created a need for efficiency and accuracy in the design process to address this need, photonic design automation has emerged, providing designers with specialized software tools and automation steps. Photonic design automation (PDA) encompasses a range of software tools and methodologies that assist designers in creating schematics, layouts, and other design elements required for photonic devices and systems. These tools leverage automation techniques to streamline and optimize the design process, enabling designers to achieve higher levels of precision and productivity. One of the primary reasons for using photonic design automation tools is to ensure accuracy. Photonic devices often involve intricate designs and the manipulation of light at the nanoscale. Manual design processes can be prone to human errors, which can have a substantial effect on the functionality and execution of the final product. With the aid of automation tools, designers can decrease the risk of errors and ensure that their designs meet the desired specifications.

Efficiency is another crucial aspect addressed by photonic design automation. The design of complex photonic systems requires numerous iterations and optimizations. Automation tools facilitate efficient exploration of the design space by automating repetitive tasks and providing simulation capabilities. By automating these processes, designers can save time, increase productivity, and achieve faster time-to-market for their products. Moreover, photonic design automation tools offer features such as design rule checks, layout generation, and optimization algorithms. These capabilities help designers enhance the performance, manufacturability, and reliability of photonic devices. By automating these steps, designers can focus more on the creative aspects of the design and rely on the software tools to handle the repetitive and time-consuming tasks.

On the contrary, lack of awareness regarding benefits and capabilities of photonic design automation hampers the growth of Europe photonic design automation market.

Based on component, the Europe photonic design automation market is bifurcated into solution and service. The solution segment held 77.8% share of the Europe photonic design automation market in 2022, amassing US$ 218.68 million. It is projected to garner US$ 627.10 million by 2030 to expand at 14.1% CAGR during 2022-2030.

In terms of deployment, the Europe photonic design automation market is bifurcated into on-premise and cloud. The on-premise segment held 90.7% share of the Europe photonic design automation market in 2022, amassing US$ 255.08 million. It is estimated to garner US$ 699.85 million by 2030 to expand at 13.4% CAGR during 2022-2030.

By organization size, the Europe photonic design automation market is bifurcated into SMEs and large enterprises. The large enterprises segment held 77.5% share of Europe photonic design automation market in 2022, amassing US$ 217.92 million. It is predicted to garner US$ 605.21 million by 2030 to expand at 13.6% CAGR during 2022-2030.

In terms of application, the Europe photonic design automation market is bifurcated into academic research and industrial research & manufacturing. The industrial research & manufacturing segment held 86.0% share of the Europe photonic design automation market in 2022, amassing US$ 241.68 million. It is estimated to garner US$ 673.90 million by 2030 to expand at 13.7% CAGR during 2022-2030.

Based on country, the Europe photonic design automation market is categorized into Germany, France, the UK, Russia, Switzerland, and the Rest of Europe. Germany held 36.8% share of Europe photonic design automation market in 2022, amassing US$ 103.37 million. It is projected to garner US$ 277.35 million by 2030 to expand at 13.1% CAGR during 2022-2030.

Key players operating in the Europe photonic design automation market are International BV, VPIphotonics GmbH, Optiwave Systems Inc, Luceda Photonics, Cadence Design Systems Inc, Siemens AG, and Synopsys Inc, among others.

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