PCB DESIGN SOFTWARE MARKET ANALYSIS

Global PCB design software market size was valued at US$ 3.56 Bn in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030.

Engineers use PCB design software to design the printed circuit board (PCB) on a device. This software has numerous features that are focused on addressing issues an engineer usually faces related to signal and power integrity. PCB design software is integrated with other related software such as PLM that help engineers to better comprehend designs and layouts of PCBs.

Global PCB Design Software Market: Regional Insights

Global PCB design software market is segmented divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is expected to hold a major share in the global PCB design software market over the forecast period, owing to the presence of major key players such as Altium Limited, and Cadence Design Systems, Inc. that require PCB design software for their product development. North America market is expected to grow significantly over the forecast period, due to increasing demand for advanced electronics products as well as adoption of automation and robotics in various industries. For instance, In April 2021, Altium Limited a US based software company is planning to launch a cloud based platform called Nexar to connect PCB design, software and component manufacturers.

Asia Pacific is also expected to drive the global PCB design software market growth over the forecast period. China, Japan, and South Korea are the largest markets for design software in the Asia Pacific region, owing to the presence of major electronics manufacturers, the high demand for advanced electronic products, and increasing manufacturing sectors in the region.

Figure 1: Global PCB Design Software Market Share (%), By Region, 2022

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Global PCB Design Software Market- Drivers

Increasing need to minimize product development time and errors is expected to drive the global PCB design software market growth during the forecast period. An engineer considers numerous aspects such as input signals, error tolerance, and desired input before designing a PCB. Furthermore, an engineer can mimic the circuit design, and can get an inkling of real-time issues related to applying the circuit, owing to PCB software design. These features and benefits are expected to drive the global market growth.

Availability of Flexible Designs

Availability of flexible designs is expected to drive the global PCB design software market growth over the forecast period. Flexible PCBs offers various benefits over traditional rigid PCBs including reduced size and weight. PCB design software plays a crucial role in the design of flexible PCBs. It enables designers to create and simulate flexible PCB layouts. Numerous times engineers misplace a component and realize it much later. As a result of this, engineers have to rebuild the entire prototype, which incurs in additional cost, labor, and time. However, engineers can modify designs and make the necessary changes required for adequate performance, which in turn, saves the additional costs.

Global PCB Design Software Market- Opportunities

Advancement in Technologies

Advancement in technologies such as the Internet of Things (IoT), artificial intelligence (AI) has led to the development of more complex and advanced electronic devices that require advanced PCB design software. Portable devices such as smartphones and tablets with features such as increased storage capacity, enhanced performance, and better processing speed offer major business opportunities. Furthermore, advancements in technology reduces the size of PCB boards. Major companies in the market can capitalize on these opportunities and gain a competitive advantage. The complexity and demand for PCB design software are expected to increase, owing to rising demand for smaller devices.

Global PCB Design Software Market-Trends

Recent trends in PCB design software market includes integration of services such as simulation, thermal stress management, and product lifecycle management (PLM). Validating the functionality of a circuit before fabricating saves time and cost. Moreover, PLM software provide engineers an overall idea in terms of simulation regarding how the product will perform in different situations. For instance, Siemens AG’s, Automation Company, PLM software, Team center, supports PCB design, and simulation.

Machines and vehicles deployed for defense applications are frequently reviewed in order to keep it updated with changing regulatory norms. Moreover, recent trends in military applications include the advent of UAV built with next-generation technologies. Monitoring of these UAVs is carried out by using computers. Therefore, PCB design software vendors are introducing features that support next-generation technologies.

Global PCB Design Software Market- Restraints

Complexity of Time-Consuming Process Software Making

Complexity of the time consuming software-making process is expected to restrain global PCB design software market growth during the forecast period. When engineers design PCB with the help of software, it fails to meet their expectations. This is owing to changing requirements associated with signal and power integrity. Furthermore, software that tackles the required features is extremely complicated to operate, and hence would be time-consuming. PCB design software often needs to integrate with other tools, such as simulation software, mechanical design software, or manufacturing processes. The complex nature of these integrations can pose challenges and increase the time required for seamless data exchange between different software systems. Compatibility issues, data translation errors, or the need for manual interventions can arise, hindering productivity and efficiency.  

Figure 2: Global PCB Design Software Market Share (%), By Technology, 2022

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Global PCB Design Software Market- Segmentation:

Global PCB design software market report is segmented into technology, end user, and region.

Based on technology, the market segmented into high-end software, mainstream software, and low-end software. High-end software is used by professional engineers who require advanced features and capabilities. High-end software is expected to dominate the global market over the forecast period, owing to advanced features including high-speed design, 3D visualization, and multi-board design capabilities.

Based on end user, the market is segmented into computing industry, consumer electronics industry, communication industry, medical industry, automotive industry, and defense industry. Consumer electronics industry segment is expected to witness significant growth in the near future, as PCB design software plays critical role in the development of consumer electronics products such as mobile devices, laptops, gaming console, and others.

Global PCB Design Software Market: Key Developments

In April 2021, Altium Limited, a U.S.-based software company is planning to launch a cloud based platform called Nexar to connect PCB design, software and component manufacturers

In June 2020, Zuken Inc., a Japan-based multinational corporation company, released of its 3D multi-board PCB design environment CR-8000 (advanced 3D multi-board EDA environment)

In December 2022, Celus, a Germany-based startup, announced the design flow for circuit and PCB development with the help of Artificial Intelligence (AI) and Machine Learning (ML) that aims to revolutionize the electronics industry

Global PCB Design Software Market: Key Companies Insights

Global PCB design software market is highly competitive, owing tocontinuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies, in order to expand their presence on regional as well as global basis.

Some of the key players in the global PCB design software market are Cadence Design Systems, Inc., Altium LLC, WestDev Ltd., Zuken Inc., AutoDesk Inc. Ansys, Inc., and Synopsys, Inc.

*Definition: PCB Design Software are used for applications such as marking, cutting, welding, and non-metal processing. There are many types of industrial lasers that more suitable than others for certain applications and processes. These range from low-power laser pointers and leveling tools for medical use, to high-powered systems for material fabrication.