The PCB design software market involves the designing, developing and manufacturing of printed circuit boards (PCBs) used in various electronic products. PCB design software enables engineers to design and develop PCB prototypes digitally and helps optimize layouts, component placement, routing of connections and testing of designs. It offers advantages like flexibility, efficient design planning, optimized connectivity and cost-effectiveness. Growing demand for miniaturized electronic products from industries like consumer electronics, healthcare, automotive etc. is propelling the need for advanced PCB design technologies.
The Global PCB Design Software Market is estimated to be valued at US$ 4.61 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the PCB design software are include Altium, Cadence Design Systems, Mentor Graphics, Zuken, ANSYS, Novarm, Shin-Etsu Chemical, and PCBWay.
The global PCB design software market is expected to witness significant growth due to rising demand for electronics from various end-use industries like consumer electronics, industrial electronics, automotive, and healthcare. Miniaturization trend and functionality enhancement in electronic products are propelling the need for advanced PCB technologies.
Technological advancements related to PCB design like ECAD/MCAD integration, simulation-driven methodologies, increasing complexity support, 3D component placement, and advances in AI/ML are broadening the scope of applications and driving market opportunities.
Market Trends
Some of the key trends witnessed in the global PCB design software market include growing usage of cloud-based PCB design platforms. This provides easier collaboration and access from remote locations. Increased deployment of IoT/connected devices is also augmenting demand.
Advent of methodologies like simulation-driven design, electromagnetic and thermal analysis capabilities are enabling optimization of designs for improved yields and reliability. Emerging applications of miniaturized and multi-functional PCBs in sectors like wearables and 5G infrastructure present new growth prospects.
Market Opportunities
The global PCB design software market is expected to gain opportunities from rising complexity and functional requirements of advanced electronics. Growing 5G deployment and proliferation of IoT devices present scope for development of software with capabilities like high-speed signal/power integrity analysis and low-latency routing.
Interface and collaboration with adjacent design tools like 3D CAD, FEA, and CAM using standards like JT, enables more comprehensive digital prototyping workflows. This can boost design optimization. Scope also lies in customized solutions for specific applications in automotive, aerospace and defense electronics.
COVID-19 Impact on PCB Design Software Market
The Covid-19 pandemic has accelerated the shift towards remote working and online collaboration, boosting the adoption of PCB design software. With movement restrictions and social distancing norms in place globally, enterprises rapidly moved their operations online. This fueled the demand for virtual prototyping and simulation tools that enable collaboration without physical interaction. PCB designers extensively relied on cloud-based design, review and simulation tools to ensure business continuity during lockdowns. The need for debugging designs remotely and manufacturing verification through simulation gained prominence.
However, supply chain disruptions temporarily impacted the production and delivery of electronic components. This affected the PCB manufacturing industry and product development cycles initially. With factories resuming operations gradually, the demand is recovering steadily. Many companies have realized the importance of investing in digital transformation and remote collaboration tools. The post-pandemic work culture is expected to be hybrid with greater reliance on virtual tools. PCB design software vendors are enhancing their cloud and collaboration capabilities to cater to the evolving requirements.
North America accounts for the major share of the Global PCB Design Software Market Growth in terms of value. The region is home to numerous large electronics manufacturers and component suppliers with established design capabilities. Presence of major technology companies and thriving semiconductor industry has fuelled the demand. Asia Pacific registers the fastest growth led by expansion of electronics manufacturing in China, India, South Korea and other emerging nations. Rising electronics exports and government initiatives to develop domestic manufacturing sectors will further drive the regional market. Europe is another major regional market supported by automotive, industrial automation and communications industries.
In terms of value, China dominates the global PCB design software market. The country accounts for the largest share of global electronics production and exports. Government policies promoting indigenous innovation and "Made in China 2025" initiative have bolstered domestic PCB design capabilities. Along with large multinational companies, small and medium enterprises actively utilize PCB design software. Presence of leading fabless design firms and foundries has accelerated adoption. India registers the fastest growth in the Asia Pacific region owing to expansion of electronics manufacturing, especially in mobile, automotive and industrial segments.
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The global PCB Design Software Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the PCB design software market include Cadence Design Systems, Inc, Mentor Graphics Corporation, Zuken Inc., Synopsys Inc., Forte Design Systems Inc., Autodesk Inc., WestDev Ltd., ANSYS Inc., Mentor Graphics Corporation and WestDev Ltd..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global PCB Design Software Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pcb-design-software-market/download-sampleMarket DynamicsThe market is mainly driven by a rise in the necessity to reduce time and remove the issues faced during product development.
Further, the growing usage of PCB design software to design complex PCBs for many applications such as contemporary automobiles, medical devices and communication devices propel the market growth.
However, the dearth of skilled professionals and the rising use of pirated software may restrict the growth of the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
