Globalization and outsourcing of electronics manufacturing has
led to adoption of PCB design software worldwide by countries that
are in search of low-cost labor, thus fueling the market growth and
innovation in the sector.
NEW CASTLE, Del., Aug. 14, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "PCB Design Software
Market by Component (Software and Services), Deployment (Cloud
Based and On-Premise), and End User (Healthcare, Consumer
Electronics, Automotive, Aerospace & Defense, Industrial and
Others): Global Opportunity Analysis and Industry Forecast,
2024-2032". According to the report, the PCB design software market
was valued at $3.8 billion in 2023,
and is estimated to reach $11.1
billion by 2032, growing at a CAGR of 12.4% from 2024 to
2032.
Prime determinants of growth
Some of the important factors propelling the growth of the PCB
design software market is several technological advancements,
increased demand for electronic products across various fields and
a rise in the complexity of circuit boards designs. As consumer
electronics, automotive, aerospace and telecommunications sectors
continue to expand, there's an increased requirement for effective
and complex PCB design solutions. Also driving this demand have
been technological advances such as 5G, AI, IoT and machine
learning, which necessitate flexible PCB design software for new
applications. Furthermore, rising trends towards miniaturization
and integration of electronic components have boosted the
development of sophisticated tools capable of handling intricate
layouts and high-speed signals.
Request Sample Pages:
https://www.alliedmarketresearch.com/request-sample/5856
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$3.8
billion
|
Market Size in
2032
|
$11.1
billion
|
CAGR
|
12.4 %
|
No. of Pages in
Report
|
200
|
Segments
Covered
|
Component, Deployment
Mode, End User, and Region
|
Drivers
|
- Rise in need for developing miniature PCB
designs
- Increase in adopted connected devices
|
Opportunities
|
- Integration of AI across PCB design software
for design automation
|
Restraint
|
- Rise in complexity in electronics
design
|
Buy this Complete Report (200 Pages PDF with Insights, Charts,
Tables, and Figures) at:
https://www.alliedmarketresearch.com/pcb-design-software-market/purchase-options
Segment Highlights
The global PCB design software market is segmented into
component, deployment mode, end user, and region. By component, the
market is classified into software and services. The software
segment accounted for the highest share in the global PCB design
software market. Based on deployment mode, the market is bifurcated
into cloud and on-premises. The cloud segment is expected to grow
with the highest CAGR during the forecast period. Based on end
user, the market is categorized into healthcare, consumer
electronics, automotive, aerospace & defense, industrial, and
other. The consumer electronics segment accounted for the highest
share and is also expected to retain its dominance during the
forecast period.
Regional Outlook
Region-wise, the PCB design software market is segmented into
North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a significant share
in the global PCB design software market in 2023. There is a dire
need for effective PCB design solutions given the surging demand
for electronics in different industries such as consumer
electronics, automotive and telecommunications. Asia-Pacific region has become a place of
attraction in terms of PCB design software innovation due to its
technology oriented human resource and strong manufacturing base.
This has resulted in ground-breaking programs that meet different
market needs coming up from China,
Japan, South Korea and India which have highly invested on research
and development (R&D). Moreover, this area has played a
significant role in encouraging development of the PCB design
software industry through embracing new trends like AI or
artificial intelligence and IOT or internet of things.
Enquiry Before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/5856
Major Industry Players: -
- Altium Limited
- Autodesk Inc.
- EasyEDA
- Cadence Design Systems, Inc.
- Siemens
- Labcenter Electronics
- ANSYS, Inc
- Zuken
- Synopsys, Inc.
- Novarm Limited.
The report provides a detailed analysis of these key vendors in
the global PCB design software market. These players have adopted
different strategies such as new development, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, portfolio, and strategic moves of market vendors to
showcase the competitive scenario.
Recent Development:
- On February 2023, Flux announced
the launch of its new online PCB design tool. This software is
designed to enhance the efficiency of designing miniature PCBs for
several industries such as consumer electronics and industrial
equipment.
- In April 2023, Cadence Design
Systems, Inc. announced the launch of Cadence Allegro. The solution
is integrated with advanced technology like AI to improve its
performance and integrate automation in the PCB design software.
The solution is also designed to reduce the number of days required
to design a PCB compared to manual processes.
AVENUE- A Subscription-Based Library (Premium on-demand,
subscription-based pricing model):
AMR introduces its online premium subscription-based library
Avenue, designed specifically to offer cost-effective, one-stop
solution for enterprises, investors, and universities. With Avenue,
subscribers can avail an entire repository of reports on more than
2,000 niche industries and more than 12,000 company profiles.
Moreover, users can get an online access to quantitative and
qualitative data in PDF and Excel formats along with analyst
support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any
device and anywhere. For more details, follow the
link: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Wilmington, Delaware. Allied
Market Research provides global enterprises as well as medium and
small businesses with unmatched quality of "Market Research Reports
Insights" and "Business Intelligence Solutions." AMR has a targeted
view to provide business insights and consulting to assist its
clients to make strategic business decisions and achieve
sustainable growth in their respective market domain.
We are in professional corporate relations with various
companies, and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/pcb-design-software-market-to-reach-11-1-billion-globally-by-2032-at-12-4-cagr-allied-market-research-302221141.html