Designing a power-efficient interconnection architecture for multiprocessor systems-on-chips (MPSoCs) satisfying the application performance constraints is a nontrivial task. In order to meet the tight time-to-market constraints and to effectively handle the design complexity, it is essential to provide a computer-aided design tool support for automating this task. In this paper, we address the issue of ldquoapplication-specific design of optimal crossbar architecturerdquo satisfying the performance requirements of the application and optimal binding of the cores onto the crossbar resources. We present a simulation-based design approach that is based on the analysis of the actual traffic trace of the application, considering local variations in traffic rates, temporal overlap among traffic streams, and criticality of traffic streams. Our approach is physical design aware, where the wiring complexity of the crossbar architecture is also considered during the design process. This leads to detecting timing violations on the wires early in the design cycle and to having accurate estimates of the power consumption on the wires. We apply our methodology onto several MPSoC designs, and the synthesized crossbar platforms are validated for performance by cycle-accurate SystemC simulation of the designs. The crossbar matrix power consumption values are based on the synthesis of the register transfer level models of the designs, obtained using industry standard tools. The experimental case studies show large reduction in communication architecture power consumption (45.3% on average) and total wirelength (38% on average) for the MPSoC designs when compared with traditional design approaches. The synthesized crossbar designs also lead to large reduction in transaction latencies (up to 7 ) when compared with the existing design approaches.