Hardware-Assisted Verification Market - By Platform (Hardware Emulation, FPGA Prototyping), By Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical, Telecom) & Global Forecast, 2023-2032

Hardware-Assisted Verification Market Size

Hardware-Assisted Verification Market size was worth more than USD 500 million in 2022 and is projected to witness over 15% CAGR from 2023-2032. Growing need for robust hardware verification tools with broader verification objectives such as performance and power analysis will foster industry expansion.
 

The cost of chip verification is gradually increasing due to factors such as high design complexity, increasing I/O traffic activity, growing computational power, and elevating energy consumption. The automobile sector has seen rampant growth in the demand for semiconductor components and electronics that improve overall driver experience and safety. The emerging concept of connected vehicles has driven the development of hardware technologies to support Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) communication. Such advancements will fuel the demand for hardware-assisted verification (HAV) tools over the next few years.

High cost of implementation and continuous maintenance requirements to perform operations seamlessly may impede product adoption. The introduction of complex SoC designs has led to the need for comprehensive verification & system-level validation during the early design stage. Companies are relying on extensive internal visibility while designing to understand the problems that can occur during silicon bring-up.
 

Hardware-Assisted Verification Market Analysis

Hardware-assisted verification market value from the automotive application is expected to account for over USD 300 million by 2032. As autonomous vehicles are becoming popular, the demand for sensor modules, cameras, digital control systems, and intelligent energy management is estimated to growth in the coming years. Expanding complexity of chipsets used in these vehicles should raise the requirement for hardware-assisted verification tools in the automotive sector. An increase in self-driving vehicle sales and the introduction of new autonomous car companies will generate lucrative growth opportunities for HAV market.
 

The hardware emulation segment accounted for over 30% share of the hardware-assisted verification market in 2022. Hardware emulation platforms are becoming more widely used as companies are incorporating more components into their device designs, thereby increasing chipset complexity. These platforms are replicating the functionality of traditional hardware platforms as it offers various benefits such as multiple design support and fast operation speed. These factors will boost platform adoption for complex chipset design verifications.
 

Europe hardware-assisted verification market is projected to record over 15% CAGR between 2023-2032.  Rapid digitalization in the automotive and industrial sectors across countries like Germany will foster product adoption. Companies that make circuit design software are expanding their operations by opening new offices to capture a sizable market share. For example, in March 2022, Intel Corporation announced that it would invest over USD 86.9 billion in the European Union (EU) over the course of the following ten years along the whole semiconductor value chain. The company is concentrating on enhancing its manufacturing, packing, and R&D capabilities. It will also look into expanding its infrastructure to enhance its market share in nations like Germany, Italy, and Poland.
 

Hardware-Assisted Verification Market Share

Some of the leading firms in the worldwide hardware-assisted verification market include:

• Agnisys Inc
• Blue Pearl Software Inc
• Cadence Design Systems Inc
• Aldec Inc
• Ansys Inc
• EMA Design Automation Inc
• Fishtail Design Automation
• Hardent
• Innovative Logic
• Real Intent Inc
• Siemens AG
• SynaptiCAD Sales Inc
• Synopsys, Inc.,
• Temento Systems SAS.

These market players are focusing on developing advanced HAV solutions in accordance with shifting end-user demands.
 

The hardware-assisted verification market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Platform

• Hardware Emulation
• FPGA Prototyping

By Application

• Automotive
• Consumer Electronics
• Industrial
• Aerospace & Defense
• Medical
• Telecom
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa