by Printed circuit board (PCB) design software refers to the computer-aided design tools used for designing PCBs for electronics products and devices. These software enable PCB designers to layout circuit boards and route connections between components on multiple layers. Common applications include designing circuit boards for logic boards, telecommunications equipment, and consumer electronics devices. PCB design tools offer a host of features such as schematic capture, automated component placement, routing, validation, and output data generation.
The global PCB Design Software Market is estimated to be valued at US$ 4 Bn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Increasing Automation of Electronics Manufacturing (as referred in the heading): Growing emphasis on automation across the electronics manufacturing industry in order to improve production efficiency and reduce costs is expected to drive growth of PCB design software market over the forecast period. Automated PCB design software help integrate PCB design seamlessly into production workflows for quick prototyping and manufacture.
Growing Complexity of Electronic Devices: Advancement in embedded systems and emergence of complex electronics such as wearables, IoT devices, and autonomous systems have increased the complexity of PCB designs. Sophisticated PCB design software with advanced features are required to design circuit boards for such complex devices. This is expected to further support market growth during the forecast period.
Segment Analysis
The PCB design software market is segmented on the basis of component, type, application, end user and region. Based on component, it is segmented into basic/simple PCB software and advanced PCB software. The advanced PCB software segment is expected to hold the largest market share during the forecast period owing to increasing demand of complex and multilayer printed circuit board design. By type, the market is divided into single-board and multi-board. Multi-board PCB design software dominates the market as these types of boards are extensively used in various industrial applications.
PEST Analysis
Political: Government regulations regarding electronic product design and safety standards are driving the adoption of PCB design software to analyze compliance beforehand.
Economic: Growth in the consumer electronics and automotive industries are fueling the demand for sophisticated PCBs, propelling the PCB design software market. The rising per capita incomes also enable R&D investments in advanced electronics.
Social: Increasing digitalization and dependency on electronic gadgets has increased the social acceptance of technologically advanced PCBs across automotive, healthcare, industrial and other sectors. This is boosting the PCB design software market.
Technological: Advancements in computing power, cloud adoption and rise of IoT are enabling the development of more complex PCB design involving multiple layers and components. Software innovations focused on simplifying processes and simulations are expanding the market scope.
Key Takeaways
The global PCB Design Software Market Demand is expected to witness high growth at a CAGR of 9.8% during the forecast period of 2023 to 2030. The global PCB Design Software Market is estimated to be valued at US$ 4 Bn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region is estimated to account for around 40% revenue share of the overall PCB design software market by 2023. Presence of leading electronics manufacturing countries such as China, India, South Korea and Taiwan along with a huge consumer base has been driving the adoption of PCB design software in the region.
Key players operating in the PCB design software market are Chattanooga International, Humares, Prime Pacific Health, CleanColon Italy and Enteromed Group. Key players operating in the PCB design software market are Chattanooga International, Humares, Prime Pacific Health, CleanColon Italy and Enteromed Group. The market leaders are focusing on new product launches and partnerships with component suppliers to strengthen their domestic as well as global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
