Pune, India, Dec. 13, 2023 (GLOBE NEWSWIRE) -- The global PCB Design Software Market size was valued at USD 2.86 billion in 2022 and is projected to reach USD 8.52 billion by 2030, exhibiting a CAGR of 14.8% during the forecast period. Fortune Business Insights presents this information in their report titled "Global PCB Design Software Market Forecast, 2024-2030."
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Notable Industry Development:
According to a Forrester survey of 530 security decision-makers, 33% of breaches come from a third-party service or software, while another third of external attacks, which amounts to 35%, are carried out by exploiting a vulnerability, thus causing the data to be exploited through various sources.
Key Takeaways
- Increased Adoption of Cloud-based Software amid COVID-19 Pandemic Strengthened Market Growth
- Adoption of Cloud Deployment to Fuel Market Growth due to Changing Approach of PCB Design
- Computer & Consumer Electronics to Accelerate Market Growth due to Increasing Production of Consumer Electronics
Discover the Leading Players Featured in the Report:
“Companies leading the global PCB Design Software Market are Altium Limited (U.S.), ANSYS, Inc. (U.S.), NATIONAL INSTRUMENTS CORP (U.S.), Autodesk Inc. (U.S.), DOWNSTREAM TECHNOLOGIES, LLC (U.S.), Cadence Design Systems, Inc. (U.S.), KiCad (U.S.), Siemens (Germany), EasyEDA (China), Novarm Limited (Dip Trace) (U.S.), Ucamco (Belgium), Zuken (Japan)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 14.8% |
| 2030 Value Projection | USD 8.52 billion |
| Base Year | 2022 |
| PCB Design Software Market Size in 2022 | USD 2.86 billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 150 |
| Segments Covered | Deployment, Application, End-Use and Geography |
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Drivers and Restraints:
Need to Decrease Errors and Advancements in the Software to Drive Market Growth
The electronics industry is using PCB design software on a large scale to produce circuit board designs to save time and reduce errors encountered during the product development process. The software can also help users enhance the production rate and scalable integration for complicated circuit designs. Growing advancements in technology have also decreased the size of PCBs. This factor has motivated many leading companies to develop cutting-edge PCBs to gain a competitive advantage.
Many professionals are increasing their dependence on open-source software as it is freely available on the internet. The availability of pirated copies can raise the risk of vulnerabilities in components and third-party vendors. The growing presence of third-party vendors can also undermine the security of enterprise applications.
Segmentation
By Deployment
- Cloud
- On-premise
By Type
- Computer & Consumer Electronics
- Telecommunication Equipment
- Medical Devices
- Industrial Equipment
- Automotive Components
- Others (Aerospace & Defense, Safety and Security Equipment)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Regional Insights:
North America to Dominate the Market due to Adoption of High-tech Innovations
According to the market analysis, North America accounted for a sizeable PCB design software market share due to the vast presence of top market players in the region. The region is one of the early adopters of high-tech innovations and is increasing its preference for high-speed analog circuits that will be used in various industries.
Governments across the region are heavily investing in semiconductor manufacturing firms to improve global competitiveness. The U.S. passed the CHIP Act, which is expected to revitalize the nation’s chip-making network across a vast range of technologies, ranging from large-scale projects to current-generation chips. Many semiconductor manufacturers are announced various projects to expand their production capacity in the U.S. and improve the domestic semiconductor value chain, further leading to robust product demand.
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Competitive Landscape:
Market Players to Enter into Merger & Acquisition Agreements to Expand Their Market Presence
Some of the leading players involved in the market are trying to expand their global presence through mergers and acquisitions. These companies are also aiming to merge with small and local firms to expand their business presence.
FAQs
How big is the PCB Design Software Market?
The PCB Design Software Market size was USD 2.86 billion in 2022. It is expected to reach USD 8.52 billion by 2030.
How fast is the PCB Design Software Market growing?
The PCB Design Software Market will exhibit a CAGR of 14.8% during the forecast period, 2023-2030.
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