MILPITAS, CA – Printed circuit board and multichip module design software revenue rose 5.8% year-over-year to $450.8 million in the third quarter, 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, for PCB and MCM rose 9.1%.

As a whole, electronic system design industry revenue increased 8.8% year-over-year to $5.1 billion in the third quarter. The four-quarter moving average rose 13.7%.

“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. (Rhines offers additional details and analysis on the PCB Chat podcast.)

“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.

Revenue by Product and Application Category – Q3 2024 Year-Over-Year Change

• Computer-Aided Engineering (CAE) revenue jumped 16% to $1.9 billion 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%.
• Semiconductor Intellectual Property (SIP) revenue increased 7% to $1.7 billion. 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 Year-Over-Year Change

• The Americas, the largest reporting region by revenue, procured $2.3 billion of electronic system design products and services in Q3 2024, a 17.2% increase. The four- quarter moving average for the Americas rose 17%.
• 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 $1.8 billion of electronic system design products and services, a 0.7% decrease. The four-quarter moving average for APAC grew 10.6%.

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