PCB design software enables designing printed circuit boards (PCBs) for various electronic devices and components in the most efficient way. With this powerful software, PCB designers can easily lay out circuit boards, check for design flaws, validate manufacturability and generate output files to share with manufacturers for fabrication. Some key features of PCB design software include schematic capture, design rules checking, simulation capabilities, autorouting, BOM generation and multilayered PCB panelization. From simple consumer electronics to complex industrial equipment, PCBs form the backbone of virtually every electronic device. The software automates and simplifies the PCB design process bringing more productivity and quality to hardware development.
The global PCB design software market is estimated to be valued at US$ 4 Mn 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:
The increasing demand for automating printed circuit board design and validation process is expected to drive the growth of PCB design software market over the forecast period. PCB design software streamlines PCB layout workflow, minimizes errors and eliminates manual checking processes thereby reducing cost and development time significantly. Moreover, the growing adoption of emerging technologies such as 5G connectivity, IoT devices, autonomous vehicles and industrial IoT is augmenting the demand for more technologically advanced and compact electronic designs. This is further fuelling the need for advanced PCB design software to handle complex circuit boards with high component density and multiple layers of circuitry.
SWOT Analysis
Strength: The PCB Design Software Market allows engineers to design circuit boards digitally and test designs virtually before manufacturing. This reduces time to market and manufacturing costs compared to traditional CAD methods. Cloud-based PCB design software provides access from anywhere and seamless collaboration benefits.
Weakness:
Weakness: Smaller PCB design firms may not be able to afford expensive professional PCB design software licenses. The learning curve can be steep for complex software, requiring substantial time investment in training. Compatibility issues can arise when transferring designs between different PCB design programs.
Opportunity:
Opportunity: The growth of IoT and wearable devices is driving demand for more advanced embedded PCB designs. 5G network rollout and increased connectivity needs create opportunities for PCB design software supporting telecommunications applications. Open source and low-cost PCB design alternatives have potential to expand the available market.
Threats:
Threats: Free and low-cost open source PCB design options pose a threat to commercial software providers. Piracy of PCB design software remains an issue that could negatively impact sales.
Key Takeaways
The Global PCB Design Software Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global PCB design software market is estimated to be valued at US$ 4 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030.
Regional analysis shows that North America currently dominates due to presence of major PCB design software companies and advanced electronics manufacturing industry in the region. Europe and Asia Pacific regions are fastest growing supported by government initiatives promoting electronics manufacturing.
Key players operating in the PCB Design Software Market include Chattanooga International, Humares, Prime Pacific Health, Herrmann Apparatebau, Transcom, CleanColon Italy, Prometheus Group, Shenzhen Lifotronic Technology, PPHIC, Comba UK, Enteromed Group, and Lifotronic. The prominence of Altium and Mentor Graphics as industry leaders is driven by strong R&D investments and acquisitions of complementary technologies. Rising demand for their design solutions from diverse sectors like automotive, industrial, and consumer electronics bolster revenue growth.
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