Global PCB Design Software Market is projected to grow at a CAGR of 11.9% during the forecast period: 2032 MRFR

Market Research Future (MRFR) has published on the “PCB Design Software Market”

The PCB Design Software Market is predicted to reach USD 4,816.12 Million by 2032, registering an 11.9% CAGR during the forecast period, 2023–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global PCB Design Software market is expected to witness substantial growth during the forecast period, primarily due to the rise in the need to reduce time and eliminate the issues faced during product development and extensive application of PCBs in various industries are driving the growth of the market.

PCB refers to a Printed Circuit Board. In the manufacturing of layouts of the circuit of an electronic device, the Printed Circuit Board Design Software market is used. PCB can mount electronic components like resistors, capacitors, transistors, IC’s (Integrated Circuits), diodes, etc. During the connecting of electronic components to the breadboard, small-sized components are very tough to connect to the breadboard, whereas using PCB, small-sized components can connect with the breadboard.

Moreover, this PCB Design Software is used to test the working and provides visualization of the circuit. This software provides accuracy and productivity of the PCB Design process. The PCB Design software is used for designing and manufacturing devices, in various fields such as automotive, communication devices, medical & healthcare, and building & construction equipment.

Major companies are focused on product launches, in order to expand the product portfolio. For instance, Siemens announced that Airbus, a leading aircraft manufacturer, has selected Capital electrical/electronic (E/E) systems development software from Siemens‘Xcelerator portfolio to accelerate the development of commercial aircraft. Lockheed Martin’s Aeronautics business has selected Siemens’ Xcelerator portfolio of software and services to support its digital engineering transformation. Through a multi-year contract, the company plans to leverage Xcelerator to achieve its goals for mission-driven digital transformation—accelerating program lifecycles, driving cost savings and fostering greater innovation.

Segmental Analysis

The global PCB Design Software market has been segmented based on Components, Design Complexities, Deployment Type, and Industry and region.

On the basis of components, the PCB Design Software market has been divided into Software/Tools and Services. The Software/Tools segment accounted for the largest market share in 2022 and is projected to remain the same during the projected time period. Software or tools are main component of this market which are used by professionals, educators, hobbyists, and others to make a graphic representation and PCB layout by component placement, routing, packaging design and verification to describe the electrical circuits manufactured on a board. These solutions are used by several industries comprising IT & electronics, mobile devices, healthcare & life science, automotive, telecommunication, transport & logistics, aerospace and defense, research & education, industrial controls automation, and others. The software/tool segment is classified into PCB CAM, PCB SPICE, Cable/Wire Harness, PCB Analysis Tools and PCB AI.

Based on design complexities the PCB Design Software market, has been bifurcated into Low-End Design, Medium-End Design, and High-End Design. The high end design has largest market share. The commercial or professional PCB packages are mostly utilized by professionals for high-end design. These packages have a high-quality design environment and are involved with high end PCB making consumer and military electronics.

On the basis of type, the PCB Design Software market has been segmented into PCB Layout and Schematic Capture. PCB layout has largest market share. The PCB layout is a stage after the design of schematic diagram of a PCB. It comprises setting up the design tool, board outline, import of netlist, component placement, routing, silkscreen cleanup, DRC check, and generation of documents for production. PCB layout software greatly help the designers to make highly efficient PCBs due to number of benefits such as reduction of complications of design, early fixation of errors, saving of time & money and ease of use.

On the basis of deployment, the PCB Design Software market has been bifurcated into cloud and on-premise. On premise has the largest market share. On-premises or desktop software must be installed on local machine of a company. These types of software function without the need of internet connection. Some of the most widespread on-premise PCB design platforms are Altium Designer, CircuitMaker, Eagle, KiCad, and OrCAD.

The global PCB Design Software market, on the basis of Industry, has been divided into Transportation, Consumer Electronics, Telecommunication, semiconductors, Aerospace and Defence, Healthcare, Industrial Automation & Control, and Education and Research. Telecommunication has the largest market share. Increasing demand for PCB design software in the telecommunication industry and increasing need to save time and production cost are key factors driving growth of the global PCB design software market.

Regional Analysis

Geographically, the global PCB Design Software market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

In North America Rapid growth for multi-board designing applications in end-user industries, increased research and development in the technological field, and the growing need among designers to associate with the potential circuit boards are some of the major factors expected to drive market growth in the region.

In Europe, the growing adoption of various consumer electronics products, increasing demand for electric vehicles, and increasing use of IoT are expected to increase the demand for PCB products, which in turn propel the market growth of PCB design software in this region. Several automotive leaders are forging collaborations to include Ultra-wideband technology for autonomous vehicles which is expected to increase PCB demand. In Europe, other than the automotive industry some other strong industries such as aeronautics, military and focus on sustainable energy are expected to drive the growth of the PCB design software market.

In Asia-Pacific, the Growing adoption of automation and enormous opportunities across vendors in this region tends to a better scope for developing advanced features in the PCB Design Software market. Additionally, with owing government initiatives in India and robust enterprise investments in China in terms of constructing semiconductor infrastructure, the Asia-Pacific PCB Design Software market is estimated to have the highest CAGR in the market during the forecast period.

In case of the Middle East and Africa, most of the electronics equipment demand is fulfilled by import of the Asia-pacific region due to lack of financial and human resources, political unrest, lack of investment and high cost in developing required infrastructure. Still due to the presence of number of emerging countries such as Nigeria, South Africa, and Israel, there is steady growth in the demand of PCBs in this region which is expected to imitate and propel the growth of PCB design software market in this region.

In South America With the continuous globalization of the microelectronics industry, as well as outsourcing and localization of manufacturing capabilities within growing global electronic markets, the South American market provides new opportunities for both electronics manufacturing and supply chain companies owing to the economic growth of various countries such as Brazil, Argentina and Costa Rica. The growing initiatives and investment from regional semiconductor manufacturers and increasing interest from global leading market players is expected to accelerate the growth of PCB design software market in Latin America.

Key Players

Some of the prominent players operating in the global 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), Shanghai Tsingyue Software Co., Ltd (China), Forte Design Systems, Inc. (US), Synopsys, Inc.(US), Dassault Systemes SE (US), Westdev Ltd (US), and Ansys, Inc. (US).