PCB Design Software 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 is an abbreviation of Printed Circuit Board. The Printed Circuit Board Design Software is used to manufacture circuit layouts of an electronic device. It can mount electronic components like resistors, capacitors, transistors, IC’s diodes, etc.; therefore, it is highly preferable in electronic devices. While connecting the electronic components to the breadboard, PCB is used because it is easy to connect small-sized components.

The PCB Design Software is also used to test the working and provide visualization of the circuit. This software is known for providing accuracy and productivity of the PCB Design process. It is even used for designing and manufacturing devices in various sectors such as automotive, communication devices, medical & healthcare, and building & construction equipment.

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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)
• Shanghai Tsingyue Software Co., Ltd (China)
• Forte Design Systems, Inc. (US)

The major growth factors and drivers are propelling the market’s growth at the global level. The rise in demand for smart technologies and the increased rate of semiconductor applications are predicted to drive the PCB Design Software Market in the upcoming years. The higher demand for innovative features and rise in the shorter lifecycle of the product is attracting the vendors for the usage of this software. Moreover, the rising Internet of Things (IoT) and the miniaturization of devices are the emerging factors accelerating the PCB Design Software Market growth. The rise in the adoption of Unmanned Aerial Vehicles (UAV), which include complex circuit boards, demands the need for PCB design software, another driving factor of the market.

COVID-19 Report

The PCB Design Software Market was also impacted during the ongoing pandemic period. The usage of PCB boards in the healthcare sector increased the demand of the market in the tough situation, which helped it maintain a steady growth rate. The pandemic resulted in new growth opportunities for the key players to design more innovative features.

Segmentation Report:

The PCB Design Software Market is segmented based on type, design complexity, deployment type, industry, and region.

 The market is categorized into schematic Capture and PCB Layout in the type segment. The schematic capture software holds the highest market share for its wide usage in end-user industries. The market is segmented into three designs based on design complexity: low-, medium-end, and high-end design.

The deployment type segment is classified into on-cloud and on-premise. The cloud segment is estimated to hold the largest market share due to its wide application.

The industry segment of the PCB Design Software Market is the vast segment that consists of various sectors such as consumer electronics, transportation, semiconductors, healthcare, aerospace &defense, industrial automation & control, telecommunications, and education & research. Among these, the consumer electronics industry segments accounted to hold the maximum share of the market during the evaluation period because consumers prefer slimmer and faster electronic devices.

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Regional Report:

The regional analysis shows the major regions covered by the PCB Design Software Market worldwide. The major regions are Asia-Pacific, Europe, North America, and the rest of the world. Due to the increased rate of investments in research and development activities, the North American region dominates the PCB Design Software Market.

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