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Electronic system design (ESD) industry posts $5.1bn revenue Q3-2024

Computer-aided engineering and services posted double-digit growth, with PCB and multi-chip module, and semiconductor intellectual property also posting growth

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DQI Bureau
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Electronic system design (ESD) industry revenue increased 8.8% to $5,114.5 million in the third quarter of 2024 from the $4,702.4 million registered in the third 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 13.7%.

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“The electronic design automation (EDA) industry reported significant revenue growth in Q3 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “Product categories Computer-Aided Engineering and Services posted double-digit growth, with Printed Circuit Board and Multi-Chip Module, and Semiconductor Intellectual Property also posting growth. Regionally, the Americas along with Europe, Middle East, and Africa reported double digit growth. The four-quarter moving average increased for all product categories and regions.”

The companies tracked in the EDMD report employed 62,417 people globally in Q3 2024, a 4.5% increase over the Q3 2023 headcount of 59,737, but down 1.2% compared to Q2 2024. 

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

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Revenue by product and application category – Q3-2024 YoY change
* Computer-aided Engineering (CAE) revenue jumped 16% to $1,922.2 million in Q3 2024. The four-quarter CAE moving average increased 14.5%. 

* Integrated circuit (IC) physical design and verification revenue decreased 5.5% to $854.4 million. The four-quarter moving average for the category increased 4.3%. 

* Printed circuit board (PCB) and multi-chip module (MCM) revenue rose 5.8% to $450.8 million. The four-quarter moving average for PCB and MCM rose 9.1%.

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* Semiconductor intellectual property (SIP) revenue increased 7% to $1,686.2 million. The four-quarter SIP moving average rose 17.5%.

* Services revenue rose 45.2% to $200.8 million. The four-quarter Services moving average rose 30.8%.

Revenue by region – Q3-2024 YoY change
The Americas, the largest reporting region by revenue, procured $2,325.4 million of electronic system design products and services in Q3 2024, a 17.2% increase. The four-quarter moving average for the Americas rose 17%. 

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Europe, Middle East, and Africa (EMEA) procured $645.6 million of electronic system design products and services, a 17.1% increase. The four-quarter moving average for EMEA grew 15.4%. 

Japan’s procurement of electronic system design products and services decreased 3.5% to $298.5 million. The four-quarter moving average for Japan increased 7.6%. 

Asia Pacific (APAC) procured $1,845 million of electronic system design products and services, an 0.7% decrease. The four-quarter moving average for APAC grew 10.6%. 

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