The Global PCB Design Software Market Growth Accelerated By Increasing Adoption Of Electronic Devices
PCB design software is used for designing printed circuit boards (PCBs) and are an integral part of electronic product development. PCBs allow components like resistors, capacitors and integrated circuits to be connected using conductive pathways or traces etched from copper sheets laminated onto a non-conductive substrate. PCB design software enable electronic engineers to design and test PCB circuit layouts virtually before going into manufacturing. The increasing demand for electronic devices across various end-use industries like consumer electronics, automotive, telecommunication etc. is driving the need for sophisticated printed circuit board designs. Ease of designing complex circuitry and compatibility with multiple fabrication processes have made PCB design software a necessity for electronic product engineering.
The global PCB Design Software Market is estimated to be valued at US$ 4 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Cloud-based software as a service (SaaS) delivery model allows electronic engineers to access software from anywhere using an internet connection. This provides flexibility in collaboration and design reviews. Cloud deployments are also gaining traction due to benefits like no upfront capital costs, scalability and regular software updates delivered by the vendor. Major software providers are focusing on enhancing their cloud offerings through features like multi-user access, revision control, customization etc. Transition to cloud combined with prevailing electronics industry growth is anticipated to drive the PCB design software market over the coming years.
Segment Analysis
The global PCB design software market is dominated by the electronics and semiconductors sub-segment. This sub-segment accounts for over 60% of the total market share owing to wide usage of PCB design software in printed circuit boards manufacturing industry for electronics and semiconductors. PCB design software are used in designing printed circuit boards for various electronic products ranging from small electronics to large industrial electronics.
Key Takeaways
The Global PCB Design Software Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 9.8% during this period and reach a value of US$ 4 Mn by 2024.
Regional analysis
The Asia Pacific region presently dominates the global PCB design software market with over 40% share. Rapid growth of electronics manufacturing industry especially in China, India, South Korea and other ASEAN countries is driving the demand for PCB design software in this region. North America and Europe are other major regions for PCB design software market.
Key players related content comprises
Key players operating in the PCB design software market are Chattanooga International, Humares , Prime Pacific Health , Herrmann Apparatebau, Transcom, CleanColon Italy, Prometheus Group, Shenzhen Lifotronic Technology, PPHIC, Comba UK, Enteromed Group, Lifotronic, and TECNO-GAZ.
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