Hardware-Assisted Verification Market Poised to Expand at a Robust Pace Over 2027

Hardware-Assisted Verification Market Poised to Expand at a Robust Pace Over 2027

Recent hardware-assisted verification market trends are being impelled by the rollout of product innovations and the adoption of footprint expansion strategies, such as mergers, acquisitions, and collaborations, by leading industry players.

For instance, in May 2021, Siemens Digital Industries Software launched its next-generation Veloce software, a hardware-assisted verification system for the quick verification of next-generation and highly sophisticated IC designs.

To cite another instance, in July 2020, Aldec, Inc., added a RISC-V focused static verification rule set for the static validation of HDL code prior to simulation. The rule helps designers and IP integrators in reliable integration and selection of open-source RISC-V cores into their SoCs.

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Impelled by similar advancements, the hardware-assisted verification market size is estimated to surpass a remuneration of USD 1.5 billion by 2027, as cited by the latest research conducted by Global Market Insights, Inc.

Rising product deployment in hardware emulation

Hardware emulation platforms support high operating speeds and multiple chipset designs which is elevating their demand in the HAV market. Increasing innovations in technology and development of smarter electronic devices are set to drive hardware emulation segment growth in the coming years.

The industry is also slated to register considerable expansion across the automotive sector, impelled by the mounting demand for integration of advanced electronic devices into vehicles. Hardware emulation platforms are increasingly being adopted by vehicle manufacturers on account of highly accurate and faster verification processes.

How will the hardware-assisted verification industry grow across the telecom sector?

The telecom sector is witnessing surging adoption of HAV, impelled by soaring government investments in the launch of 5G technology in Europe and North America. According to estimates, the U.S. government and telecom operators are anticipated to invest more than USD 250 billion in developing 5G technology over 2020-2025, creating favorable opportunities for business expansion.

Europe hardware-assisted verification market: a regional perspective

Europe is witnessing rapid industrialization in countries, including France, Germany, and the UK, opening up avenues for bolstering HAV market growth. The region is further witnessing an increase in investment initiatives, which is further poised to boost product penetration in the region.

Considering an instance, in March 2020, the European Union invested a sum of USD 160 billion for doubling its chip production by the year 2030. Similar initiatives are touted to impel industry expansion in Europe.

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Impact of COVID-19

Amid the SARS-CoV-2 pandemic, numerous sectors including telecom, healthcare, consumer electronics, automotive, and others, began adopting advanced & new technologies for enhancing their security. The pandemic has mildly impacted the HAV industry, with the semiconductor sector poised to witness remarkable growth over the coming years.

This escalation is accredited to the surging adoption of the Internet of Things (IoT) where devices are embedded with software and sensors for connecting over the internet.

Overall, the emergence of autonomous & connected vehicles and the rapidly developing automotive industry will drive hardware-assisted verification market value through the forthcoming years.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definitions

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.1.3    Region-wise COVID-19 impact analysis

1.1.3.1    North America

1.1.3.2    Europe

1.1.3.3    Asia Pacific

1.1.3.4    Latin America

1.1.3.5    MEA

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

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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