The global PCB design software market size reached USD 1.15 Billion in 2020 and is expected to register a revenue CAGR of 6.9%, during the forecast period, according to latest analysis by Emergen Research. The market for PCB design software has experienced rapid expansion in recent years as a result of the rising need for sophisticated electronic devices across a variety of sectors, including healthcare, automotive, and aerospace. Printed circuit boards (PCBs) for electronic devices are created using PCB design software. Engineers may use the software to design and test PCBs before they are produced, which lowers errors and boosts productivity.
The growing adoption of automation and digitization in the industrial sector is one of the key factors driving the market for PCB design software. The introduction of PCB design software, which decreases the time and expense involved with the conventional design and testing process, is a result of the need for quicker and more precise production processes. The trend towards smaller electrical devices is also anticipated to increase demand for PCB design software, as developing smaller and more complicated designs calls for sophisticated software tools.
However, there are also several limitations that can prevent the market from expanding. The shortage of qualified people who can use the software tools successfully is one of the biggest problems the PCB design software market is now facing. This restricts the use of PCB design software in small and medium-sized businesses (SMEs) that lack the funding for employee training. In addition, some SMEs can find it difficult to use the software due to its high cost.
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Despite these obstacles, the market is anticipated to grow in a number of ways during the next few years. One such factor is the growing use of cloud-based PCB design software, which offers companies of all sizes a more flexible and affordable alternative. As more sophisticated and complicated designs are needed for IoT devices, the growth of the Internet of Things (IoT) and the demand for connected devices is also anticipated to fuel demand for PCB design software.
Furthermore, the market for PCB design software is anticipated to expand as a result of the rising demand for electric vehicles (EVs). PCB design software can help with the complicated and creative PCB designs needed to create advanced electronic systems for EVs. The market for EVs is anticipated to increase as the global trend towards environmentally friendly and sustainable transportation continues, thus boosting the demand for PCB design software.
The COVID-19 epidemic has also significantly contributed to the expansion of the PCB design software market. The need for cloud-based PCB design software has substantially expanded with the shift towards remote work and digitalization. In the post-pandemic era, this tendency is anticipated to persist as more businesses implement remote work policies and search for adaptable and scalable software solutions.
PCB Design Software Market Segmentation:
According to Emergen Research, the global PCB design software market has been segmented on the basis of type, deployment, end-use, and region. In terms of type, the market has been segmented into schematic capture and PCB layout. The schematic capture segment is expected to hold a significant share of the market, as it is a critical step in the PCB design process that involves creating a graphical representation of the circuit.
On the basis of deployment, the market has been segmented into on-premise and on-cloud. The on-cloud segment is expected to witness significant growth during the forecast period, as it provides a more flexible and cost-effective solution for businesses of all sizes. Cloud-based PCB design software enables remote collaboration and real-time updates, which can improve productivity and efficiency.
The end-use segment of the PCB design software market includes education & research, industrial automation & control, healthcare, aerospace & defense, semiconductors, telecommunications, consumer electronics, and transportation. The semiconductors segment is expected to hold a significant share of the market due to the increasing demand for advanced electronic devices and the presence of major semiconductor manufacturers in the Asia Pacific region.
The report also provides a regional analysis of the market, with a focus on North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Some Key Highlights From the Report
- On-premise segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to the high demand for customized and secure PCB design software solutions among large enterprises that prefer to host their software on-premise. The on-premise deployment model provides greater control over the software and data, making it ideal for industries such as healthcare and aerospace & defense, which require strict data security and compliance regulations. The need for offline access to the software and the ability to integrate with other on-premise systems are also factors that may drive the growth of the on-premise segment in the coming years.
- PCB layout segment is expected to register a significantly robust revenue growth rate over the forecast period due to the increasing demand for high-speed and high-density PCB designs, particularly in the telecommunications and consumer electronics industries. The PCB layout software is used to design the physical layout of the circuit board, including the placement of components and the routing of traces. With the growing trend of miniaturization and the need for more complex and sophisticated electronic devices, the demand for advanced PCB layout software is expected to increase significantly in the coming years. The emergence of new technologies such as 5G and AI is also expected to drive the demand for advanced PCB layout software, as these technologies require more advanced and complex PCB designs to support their functionality.
- North America is expected to account for a relatively larger revenue share than other regional markets over the forecast period due to the presence of a large number of key market players and the high adoption of advanced technologies in the region. The United States is a major contributor to the growth of the North America PCB design software market, owing to the increasing demand for high-speed and high-density PCB designs in various industries, such as telecommunications, consumer electronics, and healthcare. Additionally, the growing trend of automation and digitization in the manufacturing industry is expected to drive the demand for advanced PCB design software in the region.
- Some of major companies included in the company profile section of the global market report includes Autodesk Inc., Cadence Design Systems Inc., ANSYS Inc., Altium Limited, National Instruments Corporation, Synopsys Inc., Zuken. Inc, Novarm Limited (DipTrace), Mentor Graphics Inc., and WestDev Ltd.
- Autodesk Inc. purchased Innovyze Inc. in May 2021, a company that designs, develops, and sells pre-packaged computer software. Additionally, Innovyze offers modelling and simulation tools for smart water infrastructure. One of the top businesses creating cutting-edge, innovative software for use in the water sector is Innovyze.
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About Us: Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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