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Global Printed Circuit Board (PCB) Design Software Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Printed Circuit Board (PCB) Design Software Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Overview

PCB (Printed Circuit Board) is segmented under the electronic design automation (EDA) software tools and is used for designing the schematic and layout of a printed circuit board.

The global PCB design software market is envisioned to witness a compound annual growth rate (CAGR) of 6.0% over the forecast period i.e. 2015-2021. Geographically, the global PCB design software market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Market Size and Forecast

Regionally, North America holds the top rank in global PCB design software market. The market in the region is expected to foster from the growth of semiconductor industry in the U.S. in coming 4-5 years.

Europe PCB design software market is likely to escalate from increasing investments of major automobile players to enhance the productivity with the help of time and cost efficient designing solutions.

Asia-Pacific PCB design software market is anticipated to have the highest growth over the forecast period of 2015-2021. Rising government initiatives such as “Make in India” and strengthening economies of India and China is believed to fuel the growth of global PCB design software market in the future. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

  • By Design Complexity Level

Global PCB design software market is segmented based on design complexity level into low end, mainstream and high end.

  • By End Users

The global PCB design software is divided on the basis of end users into automotive, plant and machinery, consumer electronic and others.

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and challenges

Incessant efforts to curb time and efforts taken to design PCB for electronic devices is likely to upsurge the global PCB design software market over the forecast period i.e. 2015-2021. In addition to that increasing focus of companies on increasing their productivity is also believed to augment the growth of global PCB design software market in future.

However, easy availability of PCB design software from open sources is believed to restrain the growth of global PCB design market in coming 4-5 years.

Key Players

Global PCB design software market is very competitive and includes some of the top players such as

  • Cadence Design Systems, Inc.
  • Zuken Inc.
  • Mentor Graphics
  • ANSYS, Inc.
  • Forte Design Systems, Inc.
  • Altium Limited
  • Synopsys, Inc.
  • Others

 


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