Global PCB Design Software Market: Overview
Market Research Future (MRFR) has published a detailed report stating that the global PCB design software market is anticipated to expand at a remarkable CAGR of 26% during the assessment period of 2019-2023 and reach the market valuation of USD 4 Bn by the end of the year 2023. Rapid incorporation of automation of services in various end-use industries has led to the development of software that optimizes the production process. Printed circuit board (PCB) design software is one such service that aids in designing and construction of the layout for printed circuit boards and circuits.
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Global PCB Design Software Market: Key Players
The prominent players profiled by MRFR that are operating in the global PCB design software market are Mentor Graphics (the U.S.), Cadence Design Systems (the U.S.), Zuken Inc. (Japan), Altium (the U.S.), CadSoft (Germany), Novarm (Ukraine), Shanghai Tsingyue (China), Forte Design Systems Inc. (the U.S.), Synopsys Inc. (the U.S.), and SolidWorks (the U.S.).
Global PCB Design Software Market: Drivers and Restraints
Increasing demand for technologically advanced designing software and techniques and rapid expansion of the consumer electronics industry are leading to the substantial growth of the global PCB design software market during the assessment period. High demand for automation to reduce designing errors caused due to human interference and real-time identification of issues related to the application of circuits are propelling the growth of the global PCB design software market. However, the complexity of the designing software and incapability to deliver varying requirements for power and signal integrity are restraining the expansion of the global PCB design software market.
Global PCB Design Software Market: Segmental Analysis
The global PCB Design Software Market has been segmented on the basis of design complexity, type, deployment type, and industry. Based on design complexity, the PCB design software market has been segmented into Low end, Medium end and High-end design. Based on type, the PCB design software market has been segmented into PCB Layout and Schematic Capture. Based on deployment type, the PCB design software market has been segmented into On-cloud and On-Premise. Based on industry, the PCB design software market has been segmented into transportation, consumer electronics, telecommunications, semiconductors, aerospace & defense, healthcare, industrial automation & control, and education & research.
Global PCB Design Software Market: Regional Analysis
The global PCB design software market has been geographically segmented into four major regions such as Europe, Asia Pacific (APAC), North America, and the rest of the world. Rapid growth of semiconductor industry in the North America region and easy adoption of technologically advanced solutions in the industrial sector of the North America region are fueling the growth of the PCB design software market in this region. Rapid expansion of automotive industry and increased incorporation of PCB design software technology in the automotive sector in order to deliver accuracy to the designs of the components are fueling the growth of the PCB design software market in the Europe region. Proliferation in players that are providing PCB design software and increased inclination towards automation in various end-use industries in the developing economies are contributing to the growth of the PCB design software market in the Asia Pacific region.
Global PCB Design Software Market: Industry Updates
In December 2019, Altium LLC, a provider of electronic design systems for PCB design, has announced the launch of latest version of the company’s flagship PCB design software, Altium Designer 19.
In August 2019, WestDev Ltd. has launched the latest version 10.0 in its Pulsonix product line. This version features 3D PCB Design.
In August 2019, Labcenter Electronics has partnered with SamacSys in order to create CAD models by utilizing SamacSys’s PCB Library Wizard for the Proteus design software of Labcenetr Electronics.
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- PCB Design Software Providers
- Electronic Device Manufacturers
- PCB Developers
- Consumer Electronics Providers
- Industrial electronics equipment providers
- Automotive circuit developers
- Instrumentation Software Developers
- Defense and Aerospace circuit developers
- System Integrators
- Semiconductor circuit developers
- Automation circuit developers
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