Research Nester published a report titled “PCB Design Software Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global PCB design software market in terms of market segmentation by component, type, deployment, enterprise size, operating platform, application, user, industry verticals, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global PCB design software market is anticipated to grow with a CAGR of 6.8% during the forecast period, i.e., 2020-2028. The market is segmented by component into software and services. Amongst these segments the software segment is anticipated to grow with the highest CAGR of 7.3% during the forecast period, and also hold the largest market share. The market is also segmented by type into PCB layout, and schematic capture. Amongst these segments, the PCB layout segment is expected to hold the largest market share and further grow with the highest CAGR of 7.3% during the forecast period.
The global PCB design software market is expected to grow up to USD 1979174.4 Thousand in 2028, up from a revenue of USD 1140000 Thousand in 2019. Increasing miniaturization of electronic devices, followed by the growing applications of PCB in several end user industries, and the rapid advancements in electrical technologies are some of the major factors anticipated to drive the market growth. The market is segmented by region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in North America is anticipated to hold the largest market share of 38.28% by the end of 2028. Moreover, the market is also projected to attain the largest revenue of USD 757672.4 Thousand by the end of 2028. The North America PCB design software market is segmented by country into the U.S. and Canada, out of which, the market in the United States is expected to grow with the highest CAGR of 7.2% during the forecast period, backed by the rising adoption of automation systems and the expanding semiconductor industry in the nation.
Growing Sales of Electric Vehicles to Boost Market Growth
The International Energy Agency (IEA), in one of its statistics, stated that in the year 2019, the global electric car stock reached 4.79 Million, up from 0.22 Million in 2013.
PCBs are widely utilized in electric vehicles to connect different applications of the vehicle. Backed by the growing sales of electric vehicles worldwide, there is a growing need amongst the vehicle manufacturers to design circuit boards efficiently so as to minimize the risk of a design failure in the vehicles. Moreover, growing adoption of IoT in vehicles and the rising trends of connected cars are also expected to drive the demand for PCB design software, and in turn boost the market growth.
However, the availability of open-source PCB design software is expected to operate as key restraint to the growth of global PCB design software market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global PCB design software market which includes company profiling of Autodesk Inc., Cadence Design Systems, Inc., Siemens AG, ANSYS, Inc., Altium Limited, Zuken, Novarm Limited (DipTrace), National Instruments Corporation, Synopsys, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global PCB design software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.