The global Printed Circuit Board (PCB) design software market size is projected to exhibit striking growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to cross a valuation of USD 4,041.4 million in 2023. It is estimated to reach a valuation of USD 16,538.7 million by 2033. The market is expected to clock a staggering CAGR of 15.1% from 2023 to 2033.
PCB design software assists in the reduction of project lifecycles and the ability of PCB manufacturers to satisfy time-to-market demand. It lowers production costs and improves the aesthetics of final products. Increased desire for development, functionality, and short product life cycles might help end-user industries employ these tools even more effectively.
The rise of the Internet of Things (IoT) and the simplification of electronic gadgets are propelling the demand for PCB design software. Considering these factors, the market is projected to witness high PCB design software consumption over the coming years.
A primary factor driving the growth of the worldwide PCB design software market is the increasing demand to save time and remove challenges encountered during product development. In the electronics and telecommunications industries, PCB diagram software is increasingly being utilized to create circuit board designs. This is due to its great efficiency and capacity to reduce design flaws, resulting in cheap overall production costs.
Advancements in technology may provide attractive growth prospects. Portable gadgets, such as smartphones and tablets, offer significant commercial prospects due to advantages such as expanded storage capacity, improved functionality, and faster processing speed. Moreover, as technology advances, the size of PCB boards is reducing. Key players in the market might take advantage of these options to obtain a competitive advantage.
PCB diagram software has long been used in the semiconductor industry because it allows for efficient circuit board manufacture. The software reduces the risk of errors that could lead to PCB failure or flaws, among other things. Electronic Design Automation (EDA) software allows designers to communicate while designing, retrieving old utilized PCB and component designs from libraries, and checking circuit schematic designs.
| Attributes | Details |
|---|---|
| PCB Design Software Market Share (2022) | USD 3,560.4 million |
| PCB Design Software Market Share (2023) | USD 4,041.4 million |
| PCB Design Software Market Share (2033) | USD 16,538.7 million |
| PCB Design Software Market Share (2023 to 2033) | 15.1% |
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The global PCB design software market size stood at USD 2,179.8 million in 2018. In the following years from 2018 to 2022, the market expanded swiftly, at a CAGR of 13.0%. In 2022, the market size stood at USD 3,560.4 million.
The electronics industry has monumentally developed in recent years, and it continues to do so. The growing technologies and rising adoption of devices are boosting the demand for PCB design software. PCBs are required in almost every electronic device and the surging demand for electronics surges market growth.
North America’s robust electronics, automotive, defense, and other industries are prominent growth facilitators for PCB design software. The booming electronics, automotive, and defense industries in the Asia Pacific further promote market development.
Being the heart of tech-driven innovations, North America might account for a significant proportion of the global PCB design software market value, with the United States representing the meaningful prospects. Rising preference for high-speed analog circuits across multiple industries such as education, automation systems, and healthcare, are driving the market growth in the region.
Being the heart of tech-driven innovations, North America is likely to account for a notable proportion of the global PCB design software market value, with the United States representing the most meaningful prospects.
Rising preference for high-speed analog circuits across multiple industries such as education, automation systems, and healthcare, are driving the market growth further in the region.
The increasing availability of open-source PCB design tools and the application of stringent PCB design standards is expected to hamper the market growth. PCB design software is frequently available online for free. Pirated versions of this software are available for free download, which diminishes the market share of software developers.
In 2022, the on-premise PCB design software segment acquired a humongous 77.1% market share. On-premise PCB design software has been the traditional service among end users and is set to capture a voluminous chunk of overall market revenue. Increasing the digital transmission of data is scaling up the risk of digital intrusion.
Prominent companies and sectors prefer on-premise implementation of PCB design software over cloud-based deployment. On-premise PCB design software is anticipated to rise at a significant CAGR over the forecast period due to the increased deployment of on-premise PCB design software among end-users.
The consumer electronics industry is expected to account for a prominent share of the PCB design software market. In 2022, the consumer electronics segment accounted for 16.9% of market shares. Consumers demand slim and fast electronic devices, and industries seek improved functionality, creating key opportunities for players in the PCB design software market.
Consumer electronics manufacturers are developing electronic gadgets equipped with good functionality and features to deliver best-in-class customer convenience. Driven by this theme, PCB design software service providers continue to secure substantial margins from the consumer electronics industry.
Principal Consultant
The United States dominates the global market for PCB design software. The United States PCB design software market captured 25.4% of the global market shares. The market expansion may be ascribed to the burgeoning semiconductor industry. Companies are involved in a range of activities that are driving demand for advanced circuit boards, which include
To make PCB design software easy to use, industry participants are adding features including 3D design and visualization, integration and import tools, data management, and great design capabilities.
The market in China is expanding at a notable growth rate. In 2022, China’s PCB design software market captured a 19.4% market share. The growing functionality of smartphones coupled with the rising number of electronic equipment in transportation is expected to support market growth. Some of the primary drivers projected to drive market expansion include:
Players in China are complementing their services with features such as 3D design and visualization, data management platforms, and high-speed design capabilities, which help simplify the process of circuit design software.
PCB design software vendors are introducing features that support next-generation technologies for several applications. To gain a competitive advantage in the market, key players are participating in product launches.
Through mergers and acquisitions, the leading players in the market are concentrating on growing their global presence and market share. To increase their market share, these corporations invest in or acquire small and regional businesses.
Recent Developments Observed by FMI:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of Europe, Brazil, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Component, Deployment, Application, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
In 2023, the market is predicted to be worth USD 4,041.4 million.
Shorter design cycles and advanced digital technologies to grow the market.
The market held at a CAGR of 13% from 2018 to 2022.
The market size is expected to reach USD 16,538.7 million by 2033.
High cost, complexities, and stability to restrain the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Software 5.1.1. PCB Design Software 5.1.2. Schematic Capture 5.2. Services 5.2.1. Designing Services 5.2.2. Support & Maintenance 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 6.1. On-premise 6.2. Cloud-based 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. IT & Computing 7.2. Consumer Electronics 7.3. Telecommunications 7.4. Healthcare 7.5. Automotive 7.6. Defense & Military 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. SolidWorks 18.2. Zuken Inc. 18.3. Altium 18.4. Synopsys Inc. 18.5. Cadence Design Systems 18.6. CadSoft 18.7. Autodesk Inc. 18.8. Shanghai Tsingyue 18.9. WestDev Ltd. 18.10. ANSYS Inc. 18.11. Saint-Gobain 18.12. Klingspor 19. Assumptions & Acronyms Used 20. Research Methodology
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PCB Design Software Market
