The market for PCB design software is expected to reach US$ 3 billion by 2022, growing 12.7% year over year. By 2029, the market is anticipated to grow at a rapid CAGR of 14.9% and reach a value of US$ 7.92 Billion.
Asia Pacific excluding Japan is anticipated to remain at the forefront, offering high growth opportunities for players in the PCB design software market. PCB designers in this region continue to pack more components into ever smaller volume areas, putting pressure on smart design tools and precise simulation, thereby increasing the need for flexible PCBs.
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Key Takeaways of PCB Design Software Market Study
- North America is expected to hold a significant share in the global PCB design software market among all the regions during the forecast period of 2022-2029.
- Mainstream software is anticipated to retain its significant share in the global PCB design software market among all the components during the forecast period. Among all the applications, the automotive industry is estimated to register an impressive CAGR in the global PCB design software market. However, consumer electronic applications are estimated to continue to hold the largest market share in the global PCB design software market over the forecast period.
Increasing Demand for High-speed Analogue Circuits to Propel Sales
On back of the growing demand for smaller devices and the rising complexity of circuits, the demand for PCB design software is expected to increase significantly over the forecast period. Signal integrity is an essential part of the PCB design software process. By using high-speed circuits, a PCB manufacturer can minimize the possibility of problems arising from poor signal integrity.
A high-speed PCB is one where integrity of the signal is affected by the circuit layout. Therefore, the introduction of high-speed analogue circuits is expected to drive the growth of the global PCB design software market.
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Key Segments of PCB Design Software Industry Survey
PCB Design Software Market By Component :
- PCB Design Software
- PCB Design Services
PCB Design Software Market By Deployment :
- On-premise PCB Design Software
- Cloud-based PCB Design Software
PCB Design Software Market By Application :
- IT & Computing
- Consumer Electronics
- Telecommunications
- Healthcare
- Automotive
- Defense & Military
- Others
PCB Design Software Market By Region :
- North America PCB Design Software Market
- Latin America PCB Design Software Market
- Europe PCB Design Software Market
- East Asia PCB Design Software Market
- South Asia & Pacific PCB Design Software Market
- Middle East & Africa (MEA) PCB Design Software Market
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