Market Overview:
The PCB Design Software market is projected to grow from USD 1,757.75 Million in 2023 to USD 4,816.12 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.9% during the forecast period (2023 - 2032).
PCB Design Software is necessary for developing layouts for PCB boards. It aids in the reduction of project life cycles and assists PCB manufacturers in meeting time-to-market demands.
The physical depiction of electronic circuits, suitable forms, and designs is known as PCB design. To describe electrical connectivity on a circuit board, PCB design software is typically used to combine component placement and routing.
Furthermore, the Internet of Things (IoT) and the reducing size of electronic devices are driving up demand for PCB design software.
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Key Players:
Key Companies in the PCB Design Software market include,
- Mentor Graphics (US)
- Cadence Design Systems, Inc. (US)
- ZUKEN INC. (Japan)
- Altium Limited (US)
- CadSoft Computer Inc. (US)
- Novarm (US)
Such software is regarded as a versatile productivity-enhancing tool for professional designers who need to meet difficult design requirements.
Other design systems, like as general-purpose CAD or machine design software, are utilised in conjunction with PCB design software.
Furthermore, the program can be combined with other relevant applications, such as PLM, to help engineers gain a better knowledge of PCB designs and layouts, as well as to increase user acceptance.
On the internet, you may regularly get PCB design software for free download. Pirated copies of this software are available for free download, reducing software developers' market share.
Market Segmentation:
Component, deployment mode, organization size, type, industry vertical, and region are all segments of the worldwide PCB design software market.
Based on the component, the market is divided into two types such as solutions and services.
Based on the deployment, the PCB market is divided into two types on-premise and cloud.
According to the size of the company, the market is classified into major companies and small and medium enterprises.
Based on the types,the market is divided into two types PCB layout and schematic capture.
Based on the industrial verticals , the market is divided into BFSI, retail & agriculture, IT & telecom, education, healthcare.
Region Classification:
The PCB market is divided into four regions: North America, Europe, Asia-Pacific, and LAMEA. The Americas are the most important markets for PCB design software, followed by Asia-Pacific. Asia-Pacific is the PCB design software market's fastest-growing region.
Smartphone functionality will drive the PCB industry in the Asia-Pacific region, as will an increase in the percentage of electronic equipment in the transportation sector.
Robot installations are increasing in Asian markets such as Korea, Taiwan, and other Southeast Asian countries, which is fueling regional industrial automation and, at the same time, the PCB design software market.
PCB design software is most popular in North America, Asia Pacific, and Latin America. In order to acquire a competitive advantage in the market, key players are participating in product launches.
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PCB Design Software Industry Developments:
January (2023): Altium announces the release of Altium Designer 22, which includes new features for 3D design, simulation, and collaboration.
February (2023): Cadence Design Systems releases Allegro PCB Designer 17.4, which includes new features for design automation and verification.
March (2023): Mentor Graphics releases PADS VX.18, which includes new features for design reuse and manufacturing.
April (2023): Zuken releases CR-8000 Design Force 19.0, which includes new features for design validation and optimization.
May (2023): CadSoft releases Eagle 9.7, which includes new features for 3D design and simulation.
June (2023): KiCad releases version 6.0, which includes a number of new features and improvements.
These are just a few of the many PCB design software industry developments that have taken place in 2023. The industry is constantly evolving, and new features and capabilities are being added all the time. This is good news for PCB designers, as it means that they have access to ever more powerful and sophisticated tools.
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