Strong Q1 2024 Revenue Growth from Electronic System Design, Reports EDMD

Strong Q1 2024 Revenue Growth from Electronic System Design, Reports EDMD

Hats off once again to our Electronic System Design (ESD) industry for another quarter of -solid revenue growth.

The latest Electronic Design Market Data (EDMD) report reveals revenue increased 14.4% to $4,521.6 million in Q1 2024 from $3,951.1 million registered in Q1 2023. The four-quarter moving average rose 14.8% when matched to the most recent four quarters to the prior four.

Wally Rhines, Executive Sponsor of the SEMI EDMD report, is quoted as saying:

“The industry continued to report strong revenue growth. All product categories reported increases with CAE, IC Physical, Semiconductor IP and Services posting double-digit upticks. All geographic regions reported growth with the Americas and Asia Pacific logging double-digit revenue gains.”

Likewise, employment is up. Companies tracked in the EDMD report employed 61,653 people globally, a 6.9% jump over the Q1 2023 headcount of 57,696 and up 2.6% compared to Q4 2023.

The quarterly EDMD report contains detailed revenue information by product and application category and region including year-over-year change.

Product Category:

• Computer-Aided Engineering (CAE) revenue increased 13% to $1,621.1 million. The four-quarter CAE moving average increased 18.9%.
• IC Physical Design and Verification revenue grew 13.9% to $769.6 million. The four-quarter moving average for the category increased 17.5%.
• Printed Circuit Board and Multi-Chip Module (PCB and MCM) revenue rose 2.8% to $378.9 million. The four-quarter moving average for PCB and MCM rose 13.2%.
• Semiconductor Intellectual Property (SIP) revenue increased 18.6% to $1,578.1 million. The four-quarter SIP moving average rose 10.3%.
• Services revenue jumped 22.3% to $173.9 million. The four-quarter Services moving average rose 12.3%.

Region:

• The Americas, the largest reporting region by revenue, procured $1,937.2 million of electronic system design products and services in Q1 2024, a 14.1% increase. The four-quarter moving average for the Americas rose 12.1%.
• Europe, Middle East, and Africa (EMEA) secured $579.0 million of electronic system design products and services in Q1 2024, a 9.2% increase. The four-quarter moving average for EMEA grew 14.6%.
• Japan’s procurement of electronic system design products and services grew 2.8% to $280.7 million. The four-quarter moving average for Japan increased 8.9%.
• Asia Pacific (APAC) purchased $1,724.7 million of electronic system design products and services in Q1 2024, a 19% increase. The four-quarter moving average for APAC grew 19.2%.

About the EDMD Report

The ESD Alliance Electronic Design Market Data report, available through SEMI, presents EDA, SIP and Services industry revenue data collected quarterly from public and private companies. Each quarterly report is published approximately three months after quarter close.

For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog.

About the ESD Alliance

The quarterly EDMD report is a valuable resource we provide our members, industry analysts and watchers who use the data for their analysis and projections. If your company is not yet a member, shouldn’t it be to take advantage of the data in the EDMD?

The ESD Alliance, a SEMI Technology Community, focuses on initiatives and activities that bring value to our entire industry:

• Coordinating and amplifying the collective and regional voices of our industry.
• Continually promoting the value our industry delivers to the global semiconductor and electronics industry.
• Addressing and defending threats and reducing risks to our industry.
• Achieving efficiencies for our industry.
• Marketing the attractiveness of the design ecosystem as an ideal industry for pursuing a career.
• Enabling networking, sharing and collaboration across our industry.

Contact me at pcohen@semi.org or Bob Smith at bsmith@semi.org with questions.

Engage with the ESD Alliance

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This entry was posted on Tuesday, July 16th, 2024 at 6:39 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.