MarketQuoted, then ours to buildThe market, in published numbers. Our bottom-up model is in the working notes.vc-marketSemiconductor salesUSD bn · 2025 vs 2024 (implied)$6302024$7962025+26.2%WSTS, Mar 2026Design starts (ESD)USD bn · Q4 2025 vs Q4 2024 (implied)$5.0Q4 2024$5.5Q4 2025+10.2%SEMI · ESD Alliance, Apr 2026EDA softwareUSD bn · 2025 → 203414.935.6~10% A YEARFortune Business InsightsConcentrationshare of the EDA market75%Three vendorsEveryone elseTrendForce, Jun 2025The industry, the design activity inside it, the software that serves it, and who holds that software — each with its source.Lumicule