The Electronic System Design (ESD) industry posted another strong quarter with substantial revenue growth in Q2 2024, according to the latest Electronic Design Market Data (EDMD) report from the ESD Alliance, a SEMI Technology Community.
Revenue increased 18.2% to $4,685.5 million in the second quarter from $3,962.7 million registered in 2023’s second quarter. The four-quarter moving average comparing the most recent four quarters to the prior four rose 18%.
All product categories reported increases with IC Physical Design and Verification, Semiconductor IP, and Services posting double-digit growth. All geographic regions reported double-digit growth as well.
Companies tracked in the report employed 63,188 people globally in Q2 2024, a 6.8% jump over Q2 2023 headcount of 59,160 and up 2.5% compared to Q1 2024.
