PCB Design Software Market Is Expected to Grow at A Massive CAGR Of Over 26% During 2018 -2023
Posted: Jun 13, 2019
PCB Design Software is a software suite which facilitates the engineers to design the layout of electronic devices. The key factor that fuels the growth of PCB Design Software market is low time-consumption in designing the PCB for electronic devices. Moreover, improved efficiency, adoption of PCB Design Software to design complex PCB application for automobiles, medical devices, and communication devices facilitates the global market growth.
Vendors providing the PCB design software are focusing on reducing the design time used to prepare the construction layout, which is expected to enable the growth of global PCB Design Software Market. The software offers the design engineers with the ability to enhance production rate and scalable integration of complex circuit designs.
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Printed Circuit Board (PCB) Design Software is a tool used for the construction of layout of the circuit of an electronic device. PCB mounts various electronic components such as resistors, transistors, IC’s (Integrated Circuits), and capacitors. Small sized device components are not easy to connect with the breadboard, however with PCB (Printed Circuit Board), one is able to connect small sized components to the breadboard. With PCB Design Software, enterprises are able to test the working and provide visualization of the circuit. PCB Design Software facilitates accuracy and productivity of PCB Design process. The PCB Design Software is implemented in designing and manufacturing of devices in the field of automotive, medical & healthcare, building & construction equipment, and communication devices.
PCB Design Software Market - Key Players
The prominent players in the market of PCB Design Software Market are – Mentor Graphics (U.S.), Cadence Design Systems (U.S.), Zuken Inc. (Japan), Altium (U.S.), CadSoft (Germany), Novarm (Ukraine), Shanghai Tsingyue (China), Forte Design Systems Inc. (U.S.), Synopsys Inc. (U.S.), and SolidWorks (U.S.).
The PCB Design Software market is expected to grow at a CAGR of ~26% and reach ~4 Billion by the end of 2023.
PCB Design Software Market - Regional Analysis
The global market for PCB Design Software Market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of User Activity Monitoring market is covered for the regions such as North America, Europe, Asia Pacific and rest of the world. Among these, North America is expected to dominate and grow due to the technological advancements in circuit design and adoption of complex schematic designing software by the electronics and automation industry. The U.S. is a key region in the implementation of PCB Design Software due to high growth in electronics and telecommunication industry in the country. The European market also contributes to the growth of PCB Design Software due to high investments made by automobile vendors in the countries like Germany, U.K., and France. The Asia Pacific market is stimulating the rise in PCB Design Software market due to the high demand for smarter healthcare devices in countries like India, China, and Japan.
PCB Design Software Market - Segmentation:
By Design Complexity, the market is segmented into the Low end, Medium End and High-End design. Among these, the current market is dominated by High-End Designed PCB’s due to the complexity of the schematic design of the smart devices.
By Type, the market is segmented into PCB Layout and Schematic Capture. Schematic Capture Type PCB Design Software is currently dominating the market since it supports multi-sheet and multi-level hierarchy of schematics which boosts the creation of circuits. Major players in the market are adopting schematic capture-based PCB Design Software to develop more complex circuits for complex devices.
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By deployment type, the market is segmented into on cloud and on-premise. With advancements in cloud-based services, the market is expected to be dominated by on-cloud deployment.
By industry, the market is segmented into Transportation, Consumer Electronics, Telecommunications, Semiconductors, Aerospace & Defense, Healthcare, Industrial Automation & Control and Education & Research. Among these, the consumer electronics industry is currently dominating the market due to the high demand for smartphones, smart home appliances, and smart devices. The telecommunications industry is expected to adopt PCB Design Software solutions to reduce the time in manufacturing of complex circuit based devices. Aerospace and Defense industry is among the major contributors to the investments in the PCB Design Software market since the industry demands smarter devices for flight operations and surveillance purpose. Industrial Automation is another sector where the demand for PCB Design Software is increasing as we see a rise in technological advancements in circuit design.
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