The global Printed Circuit Board (PCB) design software market size is anticipated to surpass a valuation of USD 4,041.4 million in 2023. It is slated to attain a valuation of USD 16,538.7 million by 2033. The market is predicted to record a monumental CAGR of 15.1% from 2023 to 2033.
Growing technological research and development across the industry is anticipated to favor market growth. The increasing requirement for designers to collaborate with potential circuit boards amplifies growth potentials. The notable growth of multi-board designing applications in end-user industries is a key factor anticipated to propel market expansion in the area.
Market players for PCB design software have a lot of space to expand. To make the process of PCB design software simple, market participants are including features like 3D design and visualization, integration and import tools, data processing, and high-speed design capabilities.
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The demand for PCB design software is increasing as a result of developing technologies and increasing device adoption. Almost all electronic devices require PCBs, and the growing demand for electronic devices fuels industry expansion.
The potential for progress that technology advancements may offer is appealing. Due to benefits like increased storage capacity, functionality, and quick processing speed, portable devices like smartphones and tablets provide promising economic opportunities. Additionally, as technology develops, PCB boards get small, creating key growth opportunities for the market players. The increasing investments in technological developments foster the market’s growth potential.
Key Takeaways from the PCB Design Software Market:
- The global PCB design software market size stood at USD 2,179.8 million in 2018.
- From 2018 to 2022, the market expanded at a CAGR of 13.0%.
- In 2022, the market size stood at USD 3,560.4 million.
- In 2022, the on-premise PCB design software segment attained a colossal 77.1% market share.
- In 2022, the consumer electronics segment accounted for 16.9% of the global market shares.
- The United States PCB design software market captured 25.4% of the global market shares.
- In 2022, China’s PCB design software market captured 19.4% of market shares.
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Key Players in the Global PCB Design Software Market
- SolidWorks
- Zuken Inc.
- Altium
- Synopsys Inc.
- Cadence Design Systems
- CadSoft
- Autodesk Inc.
- Shanghai Tsingyue
- WestDev Ltd.
- ANSYS Inc.
- Saint-Gobain
- Klingspor
Recent Developments Observed by FMI:
- To introduce “Altimade,” Altium LLC teamed up with MacroFab Inc. in January 2022. The first integrated PCB design with a manufacturing application is called Altimade. It utilizes the Altium 365 electronics design platform’s elastic production capabilities and real-time supply chain data.
- In July 2022, Cadence Design Systems announced that it had acquired Future Facilities, a company that offers solutions for energy performance optimization and electronics cooling analysis. By implementing Future Facilities’ technology, firms might be able to make business decisions concerning data center design, including particular chips, PCBs, and operations, with the help of Cadence’s Intelligent System.
- Autodesk Inc. acquired Upchain in April 2021. The company might be able to offer cloud-based Product Life Cycle Management (PLM) services with this acquisition. Upchain focuses on small- and medium-sized businesses. It makes a point of being more affordable and user-friendly than competing products.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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