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.
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