Electronic System Design Industry Posts $4.9 Billion in Revenue in Q4 2024

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Electronic System Design (ESD) industry revenue increased 11% to $4.9 billion in the fourth quarter of 2024 from the $4.4 billion reported in the fourth quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 12.8%.  

“The electronic design automation (EDA) industry reported substantial revenue growth in Q4 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “All product categories increased significantly, with all categories except Semiconductor Intellectual Property posting double-digit growth. Regionally, the Americas, along with Japan and Asia Pacific, reported double digit growth. The four-quarter moving average increased for all product categories and regions.”

The companies tracked in the EDMD report employed 61,827 people globally in Q4 2024, a 2.9% increase over the Q4 2023 headcount of 60,106, but down 0.9% compared to Q3 2024.

The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.

Revenue by Product and Application Category – Q4 2024 Year-Over-Year Change

• Computer-Aided Engineering (CAE) revenue rose 10.9% to $1.6 billion in Q4 2024. The four-quarter CAE moving average increased 12.3%.
• Integrated Circuit (IC) Physical Design and Verification revenue increased 15.4% to $797.9 million. The four-quarter moving average for the category increased 8.1%.
• Printed Circuit Board (PCB) and Multi-Chip Module (MCM) revenue jumped 15.9% to $476.2 million. The four-quarter moving average for PCB and MCM rose 8.3%.
• Semiconductor Intellectual Property (SIP) revenue increased 7.9% to $1.7 billion. The four-quarter SIP moving average rose 15.7%.
• Services revenue rose 11% to $195.6 million. The four-quarter Services moving average rose 26.2%.

Revenue by Region – Q4 2024 Year-Over-Year Change

• The Americas, the largest reporting region by revenue, procured $2.1 billion of electronic system design products and services in Q4 2024, a 12.9% increase. The four-quarter moving average for the Americas rose 17.1%.
• Europe, Middle East, and Africa (EMEA) procured $622.3 million of electronic system design products and services, a 2.3% increase. The four-quarter moving average for EMEA grew 10.6%.
• Japan’s procurement of electronic system design products and services increased 21.7% to $318.4 million. The four-quarter moving average for Japan increased 10.8%.
• Asia Pacific (APAC) procured $1.8 billion of electronic system design products and services, a 10.2% increase. The four-quarter moving average for APAC grew 9.3%.