PCB Design Software Market - By Type , By Design Complexity , By Offering , By Deployment Model , By Organization Size , By End-users , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
PCB Design Software Market Overview
The Global PCB Design Software Market Size is forecast to reach $ 7939 Million by 2030, at a CAGR of 9.90% during forecast period 2024-2030, owing to the increasing adoption of complex PCBs for a variety of applications like schematic capture, growing penetration of communication devices & availability of open source software and so on. Additionally, the growing adoption of the Internet of Things & streamlining of electronic devices are accelerating the demand for PCB design software. PCB design software is widely used to save time & eliminate problems encountered during product development. It reduces production costs and improves the aesthetic impact of finished products. Such factors are set to transform the PCB Design Software industry outlook in the coming time.
PCB Design Software Report Coverage
The “PCB Design Software Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the PCB Design Software Market.
Key Takeaways
- Schematic capture PCB Design Software market is analyzed to grow at the fastest rate during the forecast period 2024-2030, owing to increasing adoption of smart, rising demand for semiconductor applications and so on.
- Telecommunication sector in the PCB Design Software market is analyzed to grow with the highest CAGR during 2024-2030, owing to the rising adoption of PCB design tools in the telecommunications industry, increasing utilization of digital forms to demonstrate any problems in cellular towers and so on.
- North America dominated the global PCB Design Software market in 2021, attributed to technological advancement in the development of PCB design tools, rising adoption of the Internet of Things and so on.
- Rising demand for advanced Radar Systems and growing demand for visualization tools for designing electronic devices are analyzed to significantly drive the market growth of PCB Design Software market during the forecast period 2024-2030.
PCB Design Software Market Segment Analysis - by Type
The schematic capture PCB Design Software market is analyzed to grow at the fastest rate of 9.90% during the forecast period 2024-2030, attributed to the growing adoption of smart technologies requiring electronic design automation, increasing demand across semiconductor applications and so on. Additionally, technological advancements in the development of open source software along with growing demand for shorter product lifecycles have been further encouraging vendors to use schematic capture PCB design software. In July 2022, the KiCad project launched the 6.0.7 version of Schematic capture PCB Design Software with several critical security updates to improve the software safety standards. Such factors are accelerating the growth of the schematic capture PCB Design Software industry.
PCB Design Software Market Segment Analysis - by End-user
The telecommunication sector in the PCB Design Software market is analyzed to grow with the highest CAGR of 9.90% during 2024-2030, owing to the rising adoption of PCB design tools within the telecommunication industry, increasing utilization of digital forms to demonstrate any problems in cellular towers, satellites, high-speed ports, processors and so on. Additionally, PCB design software is utilized to improve signal strength in mobile telephony tower systems and in tower distribution telecommunication devices resulting in increased demand for PCB Design Software. In January 2022, Altium collaborated with MacroFab to facilitate customers placing an order for PCB assembly production. These factors have been boosting the growth of the PCB Design Software industry for the telecommunication sector.
PCB Design Software Market Segment Analysis - by Geography
North America dominated the global PCB Design Software market with a share of 37% in 2021, attributed to technological advancement in the production of PCB design tools coupled with the integration of 3D design & visualization technologies. Rising demand for data processing and adoption of PCB design software for designing electric devices are also driving market growth. In April 2021, Autodesk Inc. acquired Upchain to provide SMEs with cloud-based, cost-effective and user-friendly PCB design services. These factors are transforming the PCB Design Software industry outlook in North American markets.
PCB Design Software Market Drivers
Rising Demand for Advanced Radar Systems is Propelling the Growth of PCB Design Software Market:
The increasing adoption of advanced radar systems in automotive is accelerating the growth of the PCB Design Software Market. Advanced radar systems are being tested on multiple fronts, with additional operational requirements in automotive. Radar PCBs are in high demand due to the ongoing development of electric vehicles, self-driving cars and the aerospace sector. Growing emphasis on autonomous and EVs is boosting the demand for PCB design software due to their increased use in the advanced driver-assistance system. In April 2022, NXP Semiconductors launched the Premium Radar SDK, a PCB-designed software kit to assist developers in improving the performance of their automotive radar systems. According to a 2021 BloombergNEF study, electric vehicles account for 3% of global car sales in 2021. However, by 2025, EVs account for 10% of global passenger vehicle sales, rising to 28% by 2030. Increasing adoption of EVs will boost the demand for advanced radar systems to ensure driver safety. These factors will help in expanding the PCB Design Software market size.
Growing Demand for Visualization Tools for Designing Electronic devices is Propelling the Growth of PCB Design Software Market:
The increasing adoption of visualization tools for designing electronic devices is accelerating the growth of the PCB Design Software Market. They are widely used to design circuit boards in the electronics & telecommunications industries to save time and eliminate challenges encountered during product development. PCB diagram software reduces overall production costs due to its high efficiency and ability to reduce design flaws. Additionally, they provide increased storage capacity, enhanced functionality and faster processing speed, resulting in a wide range of applications in a variety of sectors. Furthermore, the small size of PCB boards makes it easier to design light & compact consumer devices, resulting in increased demand for PCBs. According to a 2020 report published by Invest India, the global electronic devices market was expected to reach $3.1 trillion in 2021 and will continue to grow at the same rate encouraging the adoption of PCB Design Software. In January 2022, Altium launched Altium Designer 22, to assist designers in sourcing component availability to reduce manual design tasks. These factors are elevating the growth of the PCB Design Software market size.
PCB Design Software Market Challenge
Growing Emphasis on Open-Source Software, combined with Rapid Development of Various Design Software is Limiting the Growth of PCB Design Software Market:
Technological advancements in open-source PCB design software along with the development of various design software is restricting the growth of the PCB design software market. Open-source software is widely available for possible modification and redistribution. The source code of the open-source software is readily available to design documents or the content of the product. Furthermore, free design software with a variety of features is available online. The increased availability of pirated software is limiting the demand for PCB design software, which in turn requires companies to sell off their software at lower prices. Furthermore, the market faces a significant challenge due to a lack of skilled professionals for their implementation. According to the Red Hat Enterprise Open-Source report 2021, 90% of IT leaders are using enterprise open-source innovations to increase productivity. Such factors are impeding the growth of the PCB Design Software industry.
PCB Design Software Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the PCB Design Software Market. The top 10 companies in the PCB Design Software market are:
- Cadence Design Systems, Inc
- Mentor Graphics Corporation
- Zuken Inc.
- Synopsys Inc.
- Forte Design Systems Inc.
- Autodesk Inc.
- Altium
- WestDev Ltd.
- Mentor Graphics Corporation
- Altair
Recent Developments
- In January 2021, Altair launched a special edition of Altair PollEx, an electronic system design software tool to help printed circuit board designers to increase their efficiency and performance.
- In March 2021, Altium launched its 365 cloud-based platform & Designer PCB to create seamless collaboration points throughout the development process.
- In November 2020, Mentor Graphics launched an updated version of Xpedition, a printed circuit board design platform focused on multi-dimensional verification.
Key Market Players:
The Top 5 companies in the PCB Design Software Market are:
- Candence Design Systems
- Autodesk
- Altium
- Dassault Systemes
- Siemens
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