Asia Pacific excluding Japan is anticipated to remain at the forefront, offering high growth opportunities for players in the PCB design software market. PCB designers in this region continue to pack more components into ever smaller volume areas, putting pressure on smart design tools and precise simulation, thereby increasing the need of flexible PCBs.
The global PCB design software market is valued at around US$ 3 Bn in 2022, registering Y-o-Y growth of 12.7%. The market is projected to surge at a high CAGR of 14.9% and attain a valuation of US$ 7.92 Bn by 2029.
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“PCB design software providers can gain significant profits by targeting manufacturers of flexible consumer electronic devices and medical applications, which are increasingly pushing the industry toward the use of flexible and flex-rigid PCBs.”
Key Takeaways of PCB Design Software Market Study
- North America is expected to hold a significant share in the global PCB design software market among all the regions during the forecast period of 2022-2029.
- Mainstream software is anticipated to retain its significant share in the global PCB design software market among all the components during the forecast period. Among all the applications, the automotive industry is estimated to register an impressive CAGR in the global PCB design software market. However, consumer electronic applications are estimated to continue to hold the largest market share in the global PCB design software market over the forecast period.
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Increasing Demand for High-speed Analogue Circuits to Propel Sales
On back of the growing demand for smaller devices and the rising complexity of circuits, the demand for PCB design software is expected to increase significantly over the forecast period. Signal integrity is an essential part of the PCB design software process. By using high-speed circuits, a PCB manufacturer can minimize the possibility of problems arising from poor signal integrity. A high-speed PCB is one where integrity of the signal is affected by the circuit layout. Therefore, the introduction of high-speed analogue circuits is expected to drive the growth of the global PCB design software market.
More Valuable Insights on PCB Design Software Market
Future Market Insights offers an unbiased analysis of the global PCB design software market, providing historical data of 2014-2018 and forecast statistics for 2019-2029. To understand the opportunities in the PCB design software market, the market is segmented on the basis of component, deployment, and application, across seven major regions.
How is the market for PCB design software expected to shape up in the next decade?
The development of new flexible technologies (e.g. wearable electronics, flexible displays) has increased the complexity for designing circuits, and has opened new avenues for players in the PCB design software market.
What are the major challenges for players in the PCB design software market?
Many PCB design software are available online for free, and offer a variety of features. Moreover, in China, the use of pirated software is relatively common, which results in companies being forced to offer their software at lower prices.
Which industry will account for the highest sales in the next five years?
The consumer electronics industry is expected to account for a majority of the share in the PCB design software market. Consumers demand slimmer and faster electronic devices, and industries seek improved functionality, creating profitable opportunities for players in the PCB design software market.
Which region is expected to lead the global PCB design software market?
According to FMI, Asia Pacific excluding Japan is anticipated to remain at the forefront, offering high growth opportunities for players in the PCB design software market. Players in this region are including features such as 3D design and visualization, integration and import tools, data management, and high-speed design capabilities, which help make the process of PCB design software easier.
Which technology will offer the most lucrative growth opportunities for market players?
Schematic capture software is majorly used in most end-use industries, due to its hierarchical schematics and design reuse that exists in one cohesive, easy-to-navigate user interface, ensuring simplicity while working.
Which trend will drive the growth of the PCB design software market in the foreseeable future?
Machines and vehicles deployed for defense & military applications are frequently reviewed in order to keep them updated as per changing regulations. Recent trends in military applications include introduction of UAVs built with next-generation technologies. The monitoring of these UAVs is carried out using computers. Therefore, PCB design software vendors are introducing features that support next-generation technologies for such defense applications.
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