PCB Design Software Market Overview
The global PCB Design Software market size was valued at USD 3.1 billion in 2021 and is anticipated to reach USD 7.4 billion with a CAGR of 13.9% in 2022-2028. The growing adoption of PCB design software among various end-user industries, such as defense and automotive industries, growing deployment of advanced technologies, miniaturization of electronic devices, and growing integration of various services such as simulation, thermal stress management, and product lifecycle management (PLM) are the primary factors driving the growth of the global PCB design software market in the coming years. Furthermore, the growing need to minimize product development time and eliminate the issues faced during product development has also stimulated the demand for PCB design software across the globe.
What is PCB Design Software?
PCB or Printed Circuit Board is used to support mechanically and electrically connect electronic components using conductive pathways, tracks, or signal traces etched from copper sheets laminated onto a non-conductive substrate. PCB design software is a tool used to construct the layout of the circuit of an electronic device. It includes various electronic components such as transistors, resistors, ICs and capacitors. Engineers widely use PCB design software for designing the circuit board on a device as it possesses capabilities to solve the issues associated with signal and power integrity and ease the overall designing process at the end-user industries.
Growth Driver
Growing need to minimize product development time and errors
The growing need to minimize product development time and eliminate the errors and issues faced during product development is expected to drive the growth of the global PCB design software market during the forecast period. Moreover, the adoption of PCB design software among various product manufacturing industries allows engineers to efficiently design a circuit board which helps to address the abnormalities associated at the time of manufacturing a product. The increasing demand and usage of PCB design software for various applications, including manufacturing of automobile, medical, and communication devices, has also fuelled the growth of the global PCB design software market in the coming years. The PCB design software is also used widely to design 2D and 3D multi-boards and design various electrical parts in electric vehicles, further boosting the demand for the PCB design software in the electric and semiconductor industry. Furthermore, the introduction of advanced technologies and portable devices such as smartphones and tablets with advanced features such as high storage capacity, enhanced performance and better processing speed is anticipated to propel the growth of the global PCB design software market in the coming years. However, factors such as lack of skilled labour use of pirated software are expected to hamper the growth of the global PCB design software market in the coming years.
Pre-Covid-19 impact on global PCB Design Software market
Increasing demand for PCB Design Software among various end-user verticals such as healthcare, agriculture and retail, telecommunications & IT, banking, financial services, and insurance (BFSI), and others is a prominent factor in strengthening the global growth PCB design software market in the pre-COVID era. The rapid increase in the sale of products such as smartphones, consumer appliances, and various other small and portable devices has also increased the growth of the global PCB design software market.
Covid-19 impact on global PCB Design Software market
The COVID-19 pandemic has significantly impacted the global PCB Design Software industry market in 2021 across the globe. The pandemic has severely affected every business segment due to various government norms such as nationwide lockdown and complete shutdown of manufacturing facilities across the globe. Furthermore, the market during the COVID-19 pandemic has been affected by various factors, including non-availability of resources, health & safety measures, continuous disruption in the supply chain of materials, and project delays and cancellations. However, the increase in the demand for various portable devices and medical devices is expected to escalate the growth of the global PCB Design Software market during the forecast period.
Post Covid-19 impact on global PCB Design Software market
The rapid industrialization, increasing consumer disposable income, and growing adoption of digitalization among various end-user industries is expected to propel the demand for the global PCB design software market in the coming years. Furthermore, the rapid growth of the automotive industry, especially the increasing demand for electric vehicles, has also increased the demand for the PCB design software market across the globe. Furthermore, with the increasing demand for unmanned aerial vehicles (UAVs), the growing need for complex circuit boards has grown significantly, which is anticipated to drive the global PCB design software market growth.
Deployment Segmental Analysis
Based on the Deployment, the global PCB Design Software market is segregated into On-premise and Cloud. The Cloud segment is expected to have a significant market share during the forecast period. This growth is attributable to the increasing deployment of on-premise PCB design software among end-users due to a higher level of security. Furthermore, the cloud segment is expected to witness significant growth in the coming years.
Industry Vertical Segmental Analysis
Based on the Industry Vertical, the global PCB Design Software market is segregated into Banking, Financial Services, and Insurance (BFSI), Telecommunications & IT, Retail and Agriculture, Healthcare, Education and Research, and Others. The Telecommunications & IT segment is expected to hold the highest share in the global PCB Design Software market during the forecast period. This growth is attributable to the rapid expansion of telecommunication and IT companies and increasing demand for advanced PCB design software with enhanced performance. Furthermore, the others segment is expected to witness significant growth in the global PCB design software market in the coming years.
Region Segmental Analysis
The PCB Design Software market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the PCB Design Software Market and continue this growth rate during the forecast period, 2022-2028. This growth is attributable to the increasing demand for PCB design software across various industries, including education, industrial automation, and healthcare in the region. Furthermore, the Asia Pacific region is expected to witness significant growth in the PCB design market during the forecast period due to the rapid expansion of the healthcare sector, increasing application of PCB design software in the defense and military sector in the emerging economies of China and India.
Competitor Analysis
Companies include Autodesk Inc., Cadence Design Systems, Inc., Siemens AG, ANSYS, Inc., Altium Limited, Zuken, Novarm Limited (DipTrace), National Instruments Corporation, Synopsys, Inc., WestDev Ltd., Mentor Graphics Corporation, and other prominent players are the key players in the PCB Design Software market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global PCB Design Software manufacturing firm
- Local Governments
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In January 2022, Altium and MacroFab Partnered to Launch Industry-First Integrated PCB “Design WITH Manufacturing” Application, Altimade, the electronics industry’s first “design WITH manufacturing” application, is now available to the Altium user community. Available on the Altium 365 cloud platform and connected directly to MacroFab’s fully digital, elastic manufacturing platform, Altimade enables customers to request an instant quote and place an order to produce their PCB assembly without ever leaving their design environment.
- In April 2021, Autodesk Inc. acquired Up chain to provide cloud-based Product Life Cycle Management (PLM) services.
- In October 2019, Altium LLC introduced the newest version of Altium Designer, a software preferred by professional PCB designers and engineers.
- In November 2018, Mentor Graphics Corporation, a subsidiary of Siemens AG, introduced Xpedition, a printed circuit board (PCB) design platform focused on several multi-dimensional verifications.
Scope of the Report
| Report Attribute |
Details |
| Revenue in 2021 |
USD 3.1 Billion |
| The revenue forecast in 2028 |
USD 7.4 Billion |
| Growth Rate |
CAGR of 13.9% from 2022 to 2028. |
| Historical data |
2017 – 2020 |
| Base Year |
2021 |
| Forecast period |
2022 – 2028 |
| Region covered |
America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled |
Autodesk Inc., Cadence Design Systems, Inc., Siemens AG, ANSYS, Inc.,
Altium Limited, Zuken, Novarm Limited (DipTrace), National Instruments
Corporation, Synopsys, Inc., WestDev Ltd., Mentor Graphics Corporation,
and Other prominent players. |
Market Modelling
By Type
- PCB Layout
- Schematic Capture
By Component
By Deployment
By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Secondary Research
- Primary Research
- Data Triangulation
- Historical Data
- Identification of Segment
- Market Size Calculating
- Research Objective
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Innovation
- Competitors & Product Analysis
- Regulatory Framework for PCB Design Software
- Company market share analysis, 2021
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Impact of COVID-19 Global PCB Design Software Market
4.9.1 Pre Covid-19 Impact on Global PCB Design Software Market
4.9.2 Covid-19 Impact on Global PCB Design Software Market
4.9.3 Post Covid-19 Impact on Global PCB Design Software Market
- Economic Impact Study on Global PCB Design Software Market
- Global PCB Design Software Market Overview
- Global Market Size & Forecast, 2017-2028
- Demand
- Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America PCB Design Software Market Overview
- North America PCB Design Software Market Size & Forecast, 2017-2028
- Demand
- North America PCB Design Software Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Country
- Europe PCB Design Software Market Overview
- Europe PCB Design Software Market Size & Forecast, 2017-2028
- Demand
- Europe PCB Design Software Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific PCB Design Software Market Overview
- Asia Pacific PCB Design Software Market Size & Forecast, 2017-2028
- Demand
- Asia Pacific PCB Design Software Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Country
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- South America PCB Design Software Market Overview
- South America PCB Design Software Market Size & Forecast, 2017-2028
- Demand
- South America PCB Design Software Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- The Middle East & Africa PCB Design Software Market Overview
- The Middle East & Africa PCB Design Software Market Size & Forecast, 2017-2028
- Demand
- The Middle East & Africa PCB Design Software Market Share & Forecast, 2017-2028
- By Type
- PCB Layout
- Schematic Capture
- By Component
- By Deployment
- By Organization Size
- Large Size Organization
- Small and Medium-Sized Organization
- By Application
- Consumer Electronics
- Computer Communication Electronic
- Medical Equipment
- Automotive Electronic
- Other
- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications & IT
- Retail and Agriculture
- Healthcare
- Education and Research
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of the Middle East & Africa
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Autodesk Inc.
- Cadence Design Systems, Inc.
- Siemens AG
- ANSYS, Inc.
- Altium Limited
- Zuken
- Novarm Limited (DipTrace)
- National Instruments Corporation
- Synopsys, Inc.
- WestDev Ltd.
- Mentor Graphics Corporation
- Other prominent players