浙商证券：中国EDA市场增长率显著高于全球 国产化率及全球份额有望持续提升

Group 1 - The core viewpoint of the report indicates that the EDA industry in China is expected to grow significantly, with a CAGR of 10.55% from 2022 to 2024, surpassing the global growth rate of 7.84%, and is projected to exceed 50 billion yuan by 2030 [1][2] - EDA is identified as a critical tool for semiconductor design, with a global market size of approximately $15.7 billion in 2024, representing only 2.5% of the semiconductor industry valued at $631 billion, yet it supports a digital economy worth tens of trillions of dollars [1][2] - The Chinese EDA market is forecasted to grow from 19.3 billion yuan in 2025 to 35.4 billion yuan in 2027, reflecting a CAGR of 35.4% [1] Group 2 - The global EDA market is highly concentrated, dominated by three major players: Synopsys, Cadence, and Siemens EDA, which have established their market positions through decades of systematic mergers and acquisitions [2] - The U.S. model of "military incubation + capital catalysis" combined with long-term policy support and collaboration between academia and industry has created a technological and ecological advantage in the EDA industry, serving as a significant reference for domestic development [2] Group 3 - Despite the high growth of the domestic EDA market, there are four core bottlenecks: fragmented competition due to a focus on "point tools," potential difficulties in integration from capital crowding, a shortage of high-end composite talents, and entry barriers formed by international "tool-process-design" ecological alliances [3] - The industry is shifting from "fragmented competition" to "platform collaboration," with policies expected to establish a governance system that promotes integration and reduces internal competition through market guidance, cultivation of platform enterprises, and support for public technological infrastructure [4]