Hardware-Assisted Verification Market Analysis

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.