The global PCB design software market is expected to experience significant growth between 2023 and 2033. A research report by Future Market Insights predicts that the global market will surpass US$ 4,041.4 million in value in 2023, and is projected to reach a value of US$ 16,538.7 million by 2033. This represents an impressive CAGR of 15.1% from 2023 to 2033.
PCB design software plays a crucial role in speeding up project timelines and enabling PCB manufacturers to meet market demands faster. It also contributes to cost savings and enhances the visual appeal of the end products. As industries increasingly focus on innovation, improved features, and shorter product lifecycles, the adoption of these tools becomes even more vital for end-users.
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The increasing popularity of the Internet of Things (IoT) and the growing ease of use of electronic devices are driving up the demand for software used in designing printed circuit boards (PCBs). Considering these factors, it is expected that the market for PCB design software will experience significant growth in the years to come.
PCB design software is a crucial tool in the semiconductor industry for creating circuit boards efficiently. This software helps minimize the chances of mistakes that could result in PCB failures or defects, among other issues. Electronic Design Automation (EDA) software enables designers to collaborate during the design process, access previously used PCB and component designs from libraries, and verify circuit schematic designs.
The United States dominates the global market for PCB design software. The United States captured 25.4% global PCB design software market share. The market expansion may be ascribed to the burgeoning semiconductor industry. Companies are involved in a range of activities that are driving demand for advanced circuit boards, which include
- The increased need for high-tech industrial solutions
- Significant growth in semiconductor use.
To make PCB design software easy to use, industry participants are adding features including 3D design and visualization, integration and import tools, data management, and great design capabilities.
PCB design software streamlines the creation and optimization of printed circuit boards, offering schematic design, component placement, routing, and simulation features. It’s a crucial tool for electronics engineers, adapting to evolving industry demands, opines Sudip Saha, Managing Director and Co-founder at Future Market Insights
Recent Developments PCB Design Software Market:
- 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)
Author By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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Note: This post was originally published at
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