PCB Design Software Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
PCB Design Software Market: Overview and Definition
The Global PCB Design Software Market is expected to grow from USD 3.05 billion in 2021 to USD 8.12 billion by 2032, at a CAGR of 12.5% during the forecast period 2022-2032. The market of PCB design software is majorly driven on the back of growing demand for smart technologies. Apart from this, growing applications of semiconductors, growing demand for eco-friendly circuit boards are also expected to bolster the growth of PCB design software market in near future. The PCB design software offers the design engineers with the ability to enhance production rate and scalable integration of complex circuit designs.
A Printed Circuit Board (PCB) is the backbone of an electronic device, serving as a platform to interconnect various components. PCB design software is a computer program used to design the physical layout of a printed circuit board. The software provides tools to create and edit the electrical connections between the components and the PCB, including the placement of components, routing of conductive pathways, and testing for design errors.
The market for PCB design software has grown in recent years as the demand for electronics has increased and the technology for designing and manufacturing PCBs has become more advanced. The market is expected to continue growing as the demand for electronics continues to increase and the use of PCBs becomes more widespread.
There are many PCB design software products available, ranging from free and open-source options to commercial software packages. Some popular options include Altium Designer, Eagle PCB, KiCAD, Proteus, and CircuitMaker. These software products offer different levels of functionality and complexity, and each has its own strengths and weaknesses. Choosing the right PCB design software will depend on the specific needs and requirements of the designer.
PCB Design Software Market: Growth Drivers
Increased demand for electronics: The demand for electronics continues to grow, which is driving the need for more advanced and efficient PCB designs. This is creating a growing demand for PCB design software.
Advancements in technology: The technology for designing and manufacturing PCBs is constantly evolving, and advancements in software are allowing for more advanced and efficient designs. This is contributing to the growth of the PCB design software market.
Growing complexity of electronic devices: As electronics become more complex, the need for more advanced PCB designs increases. This is driving the demand for more sophisticated PCB design software.
Adoption of the Internet of Things (IoT): The growth of the Internet of Things (IoT) is creating a need for more advanced and efficient PCB designs, which is driving the demand for PCB design software.
Growing popularity of open-source software: Open-source software is becoming increasingly popular, and many PCB design software products are now available as open-source options. This is helping to drive the growth of the PCB design software market by making the software more accessible to a wider range of users.
PCB Design Software Market: Challenges
Despite the growth of the PCB design software market, there are several challenges that are affecting its development:
High costs of commercial software: Commercial PCB design software can be expensive, making it difficult for small businesses and individual designers to afford. This can limit the growth of the market.
Competition from free and open-source software: The growing popularity of free and open-source software is creating competition for commercial PCB design software. This can make it difficult for commercial software companies to maintain profitability.
Need for specialized skills: Using PCB design software can require a high level of specialized skills, which can limit the market's growth by making it difficult for non-specialists to use the software.
Difficulty in integrating software with other tools: Integrating PCB design software with other tools and processes can be challenging, which can limit its effectiveness and make it difficult for users to fully utilize its capabilities.
Difficulty in keeping up with advancements in technology: The technology for designing and manufacturing PCBs is constantly evolving, and PCB design software must keep pace with these advancements. This can be difficult for software companies and can lead to obsolescence of older software versions.
PCB Design Software Market: Report Scope
Base Year Market Size
Forecast Year Market Size
PCB Design Software Market: Segmentation
The research offers a comprehensive analysis of PCB design software market with respect to following sub-markets;
- High-end software
- Mainstream software
- Low-end software
By End User
- Computing industry
- Consumer Electronics industry
- Communications industry
- Medical industry
- Automotive industry
- Defense industry
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
PCB Design Software Market: Recent Developments
Growing use of cloud-based software: Cloud-based PCB design software is becoming increasingly popular, as it allows designers to access their designs from anywhere and collaborate with others more easily.
Increased focus on user experience: Many PCB design software companies are now focusing on improving the user experience, making their software more user-friendly and accessible to a wider range of users.
Integration with other tools: Many PCB design software products are now being integrated with other tools and processes, such as simulation software, CAD tools, and manufacturing tools, to improve efficiency and accuracy.
Increased use of artificial intelligence and machine learning: Many PCB design software products are now incorporating artificial intelligence and machine learning algorithms to improve design accuracy and speed.
Growing use of open-source software: The use of open-source software is continuing to grow, and many companies are now offering open-source options for their PCB design software products.
The report profiles various major market players such as;
- Cadence Design Systems, Inc.
- National Instruments
- Altium Designer
- SolidWorks Corporation
- Novarm Limited
- Silicon Frameworks
- Altium LLC
- Mentor Graphics
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities)
The study also provides company’s positioning and market share in PCB design software market
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global PCB design software market by the following segments
- End User
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report
Customization: We also offers customization’s in the industry report as per the company’s specific needs
Key Questions Answered in the Global PCB Design Software Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?