The global PCB design software market is set to experience significant growth between 2023 and 2033. A research report by Future Market Insights suggests that the market will surpass a value of US$ 4,041.4 million in 2023 and is projected to reach US$ 16,538.7 million by 2033. This represents a remarkable CAGR of 15.1% during this ten-year period.
PCB design software helps shorten project timelines and enables PCB manufacturers to meet market demands more efficiently. It reduces production expenses and enhances the appearance of end products. The growing need for innovation, functionality, and shorter product lifecycles is driving industries to utilize these tools more effectively.
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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 for flexible PCBs.
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.
Recent Developments Observed by FMI:
- In January 2022, Altium LLC partnered with MacroFab Inc. to launch ‘Altimade’. Altimade is the industry-first integrated PCB design with manufacturing application. It combines elastic production capabilities with real-time supply chain data on the Altium 365 electronics design platform.
- Using artificial intelligence (AI) and machine learning (ML), German firm Celus launched the design pipeline for circuit and PCB development in December 2022 to revolutionize the electronics sector.
- In July 2022, Cadence Design Systems acquired Future Facilities, a business that provides solutions for electronics cooling analysis and energy performance optimization. Businesses could use Cadence’s Intelligent System to help them make decisions about the design of their data centers, including the specific chips, PCBs, and operations, by applying the technology from Future Facilities.
- In April 2021, Autodesk Inc. acquired Upchain. With this acquisition, the company might be able to provide cloud-based Product Life Cycle Management (PLM) services. Small- and medium-sized businesses are the emphasis of Upchain. It boasts of being more cost-effective and user-friendly than other options in the market.
Leading Key Players:
- SolidWorks
- Zuken Inc.
- Altium
- Synopsys Inc.
- Cadence Design Systems
- CadSoft
- Autodesk Inc.
- Shanghai Tsingyue
- WestDev Ltd.
- ANSYS Inc.
- Saint-Gobain
- Klingspor
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PCB Design Software Market Segmentation:
By Component:
- PCB Design Software
- PCB Layout
- Schematic Capture
- PCB Design Services
- Designing Services
- Support & Maintenance
By Deployment:
- On-premise PCB Design Software
- Cloud-based PCB Design Software
By Application:
- IT & Computing
- Consumer Electronics
- Telecommunications
- Healthcare
- Automotive
- Defense & Military
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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