A method is provided for generation of a circuit design. A plurality of components, including at least a processor and a peripheral device, is instantiated in a circuit design. One or more parameterizable data bus interface blocks are automatically selected based on the master-slave relationships, requirements, and capabilities of the components. The one or more parameterizable data bus interface blocks are instantiated in the circuit design. In response to user input, values are assigned to one or more parameters of the processor. The plurality of components and data bus interface blocks are automatically parameterized by determining appropriate parameter values according to the parameters of the processor and capabilities and requirements of the components and data bus interface blocks.