Punching Out: What Buyers Are Buying
The Chemical Connection: How We Deal With a Technology Roadmap
It’s Only Common Sense: 10 Lessons for New SalespeopleElectronic System Design Industry Posts $4.7 Billion in Revenue in Q2 2024
October 7, 2024 | SEMIEstimated reading time: 1 minute
Electronic System Design (ESD) industry revenue increased 18.2% to $4,685.5 million in the second quarter of 2024 from the $3,962.7 million registered in the second 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 18%.
SEMI & ESDA “The electronic design automation (EDA) industry reported substantial revenue growth in Q2 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “All product categories reported increases, with IC Physical and Semiconductor IP and Services posting double-digit growth. Further, all geographic regions reported double-digit growth.”
The companies tracked in the EDMD report employed 63,188 people globally in Q2 2024, a 6.8% jump over the Q2 2023 headcount of 59,160 and up 2.5% compared to Q1 2024.
The quarterly EDMD report contains detailed revenue information with the following category and geographic breakdowns.
Revenue by Product and Application Category – Q2 2024 Year-Over-Year Change
- Computer-Aided Engineering (CAE) revenue increased 8.9% to $1,646.4 million in Q2 2024. The four-quarter CAE moving average increased 16%.
- IC Physical Design and Verification revenue grew 13.1% to $779.3 million. The four-quarter moving average for the category increased 17.1%.
- Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue rose 8.2% to $399.2 million. The four-quarter moving average for PCB and MCM rose 13.6%.
- Semiconductor Intellectual Property (SIP) revenue jumped 33.9% to $1,680.7 million. The four-quarter SIP moving average rose 21.7%.
- Services revenue rose 30.8% to $179.8 million. The four-quarter Services moving average rose 18.4%.
Revenue by Region – Q2 2024 Year-Over-Year Change
- The Americas, the largest reporting region by revenue, procured $2,034.9 million of electronic system design products and services in Q2 2024, a 25% increase. The four-quarter moving average for the Americas rose 18.3%.
- Europe, Middle East, and Africa (EMEA) procured $584.6 million of electronic system design products and services, a 14.8% increase. The four-quarter moving average for EMEA grew 16.3%.
- Japan’s procurement of electronic system design products and services grew 26.4% to $305.4 million. The four-quarter moving average for Japan increased 16.5%.
- Asia Pacific (APAC) procured $1760.6 million of electronic system design products and services, an 11.2% increase. The four-quarter moving average for APAC grew 18.5%.
Share on:
Suggested Items
E3.series 2025 Improves Design Efficiency with More Than Fifty Enhancements
10/08/2024 | ZukenZuken announces the release of E3.series 2025, introducing enhancements to support the designs of complex wiring systems. From sheet area assignment automation to simplifying part placement, this release has more than 50 improvements to the functionality and COM interface, making designing more accessible, faster, and more flexible.
Foxconn Reports Strong September 2024 Revenue
10/07/2024 | FoxconnHon Hai Precision Industry Co., Ltd. (Foxconn) announced its unaudited consolidated revenue for September 2024, reaching NT$528.3 billion. This marks a 12.87% month-on-month increase and a 14.44% year-on-year growth, driven by robust performance across all major product lines.
Scanfil Acquires SRX, Expanding its Presence in Asia Pacific
10/07/2024 | ScanfilScanfil has acquired SRXGlobal Pty Ltd. for EUR 23.3 million (USD 25.7 million), marking a key step in its Asia Pacific expansion. This acquisition includes SRX factories in Melbourne, Australia, and Johor Bahru, Malaysia, with 8 automated SMT lines and about 300 employees.
Global Semiconductor Sales Increase 20.6% Year-to-Year in August
10/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor sales hit $53.1 billion during the month of August 2024, an increase of 20.6% compared to the August 2023 total of $44.0 billion and 3.5% more than the July 2024 total of $51.3 billion.
KYZEN to Spotlight Solvent Solutions for Medical Device Cleaning at MD&M Minneapolis
10/04/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, will exhibit at MD&M Minneapolis 2024, scheduled to take place Oct. 16-17, 2024 at the Minneapolis Convention Center.