Hardware-Assisted Verification Market Share, Size, Trends,
Industry Analysis Report and Forecast 2032

Hardware assisted verification (HAV) market is set to grow
at a significant rate through 2032 owing to the increasing adoption of
connected and smart devices, which has surged the demand for ML & AI
technologies. The approach enables the end users to establish cross-device
connectivity during the manufacturing process and support operators to rapidly
verify SoC designs, which is resulting in an increasing demand for HAV.

Besides, key market players are attempting to expand their
horizons and presence in the market through strategic collaborations and new
product launches. To cite an example, in March 2022, TATA Elxsi entered into a
strategic partnership with Renesas Electronics Corporation, with the aim of
developing new integrated solutions to be used in EVs. As per the agreement,
Renesas will provide TATA Elxsi with its deep expertise in semiconductor
production and designing, which will then be used for critical EV subsystems,
comprising battery management systems and motor control units.

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Overall, the hardware assisted verification (HAV) market is
bifurcated in terms of platform, application, and region.

In terms of platform, the hardware assisted verification
(HAV) market is likely to be characterized by the FPGA prototyping segment.
Robust operation performance and low initial costs are the major factors behind
the adoption of FPGA prototyping in various chipset design verifications.
Besides, FPGA prototyping can be equipped with different tools to enhance its
service offerings, which will further drive the market through the analysis
timeframe.

Based on application, the market will be defined through the
aerospace & defense segment, which will grow at more than 10% CAGR through
the estimated timespan. The increasing requirement for secured communication
equipment in satellites and UAS (Unmanned Aircraft Systems) has created
electric design complexities, as a single device needs to be integrated with
thousands of ICs. This requires the vital use of hardware assisted verification
tools.

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In the regional context, the HAV market in the MEA region is
expected to grow at a steady rate through the estimated timespan. The
widespread adoption of the 5G network as a part of digital transformation and
the proliferation of smart cities in the GCC region will lead to an increase in
the adoption of HAV for testing and verification of ICs. Besides, it will also
help boost their network in the communication sector in the region.

Some of the key participants in the HAV market comprise
Cadence Design Systems Inc., Synopsys Inc., Hardent, and Siemens AG. Apart from
offering strong verification solutions for industries, these companies are
currently focusing on innovating their solutions, according to the changing
demands of the end users.

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