MILPITAS, CA – Sales of printed circuit board and multichip module design software rose to $410.8 million in the fourth quarter, a 21% year-over-year increase, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report. 

PCB and MCM's four-quarter moving average, which compares the most recent four quarters to the prior four, rose 18.9%.

As a whole, Electronic System Design industry revenue increased 14% to $4.4 billion in the fourth quarter of 2023 from the $3.9 billion logged in the third quarter. The four-quarter moving average rose 14.1%.

“Electronic design automation (EDA) continued to report strong revenue growth in Q4 2023,” said Walden C. Rhines, executive sponsor of the SEMI Electronic Design Market Data report. “The Computer-Aided Engineering, Printed Circuit Board and Multi-Chip Module, Semiconductor Intellectual Property, and Services categories reported double-digit growth. Further, all geographic regions reported substantial growth.”

The companies tracked in the EDMD report employed 60,106 people globally in Q4 2023, an 8.9% jump over the Q4 2022 headcount of 55,192 and up 0.6% compared to Q3 2023.

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

Revenue by Product and Application Category – Year-Over-Year Change

• Computer-Aided Engineering (CAE) revenue increased 19.5% to $1.5 billion. The four-quarter CAE moving average increased 19.3%.
• IC Physical Design and Verification revenue declined 1% to $691.5 million. The four- quarter moving average for the category increased 20%.
• Semiconductor Intellectual Property (SIP) revenue increased 13.7% to $1.6 billion. The four-quarter SIP moving average rose 5.9%.
• Services revenue jumped 25.4% to $176.2 million. The four-quarter Services moving average rose 10.8%.

Revenue by Region – Year-Over-Year Change

• The Americas, the largest reporting region by revenue, procured $1.9 billion of electronic system design products and services in Q4 2023, an 11.9% increase. The four-quarter moving average for the Americas rose 11.6%.
• Europe, Middle East, and Africa (EMEA) procured $608.2 million of electronic system design products and services in Q4 2023, a 20.5% increase. The four-quarter moving average for EMEA grew 17.8%.
• Japan’s procurement of electronic system design products and services grew 8.3% to $262 million. The four-quarter moving average for Japan increased 9.4%.
• Asia Pacific (APAC) procured $1.6 billion of electronic system design products and services in Q4 2023, a 15.2% increase. The four-quarter moving average for APAC grew 16.7%.