EDA Software market share 2024
As of 2024, the EDA Software segment is led by Synopsys at 32%, followed by Cadence Design Systems at 30%. The market is moderately concentrated (HHI 2,093), with the top 3 firms holding 75% combined.
Data as of 2026-06-15 · basis: revenue (2024) · confidence: estimate
Market share by company
| Company | Revenue share | Market cap / revenue |
|---|---|---|
| Synopsys | 32% | $87.2B mkt cap |
| Cadence Design Systems | 30% | $106.8B mkt cap |
| Siemens EDA | 13% | — |
| Other (fragmented tail) | 25% | — |
Source: https://en.wikipedia.org/wiki/Electronic_design_automation. Shares are approximate consensus estimates rounded for legibility. The fragmented "other" tail is excluded from HHI, so the figure is a conservative lower bound.
Concentration
- HHI: 2,093 — Moderately concentrated
- Top firm (CR1): 32%
- Top 3 (CR3): 75%