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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Generally engineers use PCB design software to design the printed circuit board (PCB) on a device. It adopts numerous features, which are focused on addressing issues an engineer usually faces related to signal and power integrity. PCB design software is integrated with other related software such as PLM, which aids engineers to better comprehend designs and layouts of PCBs. The scope of the study includes major sub-categories of PCB design software: schematic capture, layout editor, auto-router, analysis tools, and testing tools.

The global PCB design software market is estimated to be valued at US$ 2,482.3 million in 2021 and is expected to exhibit a CAGR of 13.6 % over the forecast period (2021-2028).

Recent Developments:

In April 2021, Altium Limited  a US based software company is planning to launch a cloud based platform called Nexar to connect PCB design, software and component manufacturers.

In June 2020, Zuken Inc., a Japan based multinational corporation company 3D multi-board PCB design environment CR-8000.

Statistics:

Figure 1. Global PCB Design Software Market Value (US$ Mn), by Region, 2020

PCB Design Software  | Coherent Market Insights

North America held dominant position in the global PCB Design Software market in 2020, accounting for 39.4% share in terms of Value, followed by Europe, APAC respectively.

Market Dynamics- Drivers

Increasing need to minimize product development time and errors is expected to drive growth of the global PCB design software market during the forecast period. An engineer is required to consider numerous aspects such as input signals, error tolerance, and desired input before designing a PCB. Furthermore, an engineer can mimic the circuit design and can get an inkling to real-time issues related to applying the circuit, owing to PCB software design. These are features and benefits driving increasing adoption of PCB software in the global market.

Availability of flexible designs is expected to propel the global PCB design software market growth over the forecast period. Numerous times engineers misplace a component and realize that mistake much later. As a result of this, they have to rebuild the entire prototype, which incurs in additional cost, labor, and time. However, engineers can modify designs and make the necessary changes required for adequate performance, which in turn, saves the additional cost.

Market Opportunities

Advent of advanced technologies can present lucrative growth opportunities. Portable devices such as smartphones and tablets with features such as increased storage capacity enhanced performance, and better processing speed presents major business opportunities. Furthermore, with advancements in technology, the size of PCB boards is decreasing. Major companies in the market can capitalize on these opportunities and gain a competitive advantage in the market.

Improving PCB design software to cater to varying demands major business opportunities. The complexity and demand for PCB design software are expected to increase, owing to rising demand for smaller devices.

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PCB Design Software Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 2,482.3 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 13.6% 2028 Value Projection: US$ 6,064.5 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Poland, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Technology: High-end Software, Mainstream Software, Low-end Software
  • By End-user Type: Computing Industry, Consumer Electronics Industry, Communication Industry, Medical Industry, Automotive Industry, Defense Industry
Companies covered:

Cadence Design Systems, Inc., Altium LLC, Mentor Graphics Corporation, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., and Synopsys, Inc.

Growth Drivers:
  • Increasing need to minimize product development time and errors
  • Availability of flexible designs
Restraints & Challenges:
  • Complexity of software making time-consuming process
  • Availability of open-source software

Market Trends

Recent trends in PCB design software market include integration of services such as simulation, thermal stress management, and product lifecycle management (PLM). Validating the functionality of circuit before fabricating saves significantly on time and cost. Moreover, PLM software gives engineers an overall idea in terms of simulation regarding how the product will perform in different situations. For instance, Siemens AG’s PLM software, Teamcenter, supports PCB design, and simulation.

Machines and vehicles deployed for defense applications are frequently reviewed, in order to keep them updated with changing regulatory norms. Moreover, recent trends in military applications include the advent of UAV built with next-generation technologies. Monitoring of these UAVs is carried out using computers. Therefore, PCB design software vendors are introducing features that support next-generation technologies.

Figure 2. Global PCB Design Software Market Share, By Technology, 2020

PCB Design Software  | Coherent Market Insights

Key Takeaways of the Graph:

  • The mainstream segment held dominant position in the market and accounted for 35.5% share in the global PCB design software market in 2020. The segment is expected to reach US$ Mainstream Software million in 2028, owing to increased demand of PCB software from PCB manufacturers

Market Dynamics- Restraints

Complexity of software making time-consuming process is expected to restrain growth of the global PCB design software market during the forecast period. When engineers are designing PCB with the help of software, it fails to meet their expectations. This is owing to changing requirements associated with signal and power integrity. Furthermore, software that tackles required features is extremely complicated to operate and hence comprehending them would be time-consuming.

Availability of open-source software is expected to hinder the global PCB design software market growth over the forecast period. A number of times, PCB design software is available on the internet for free. In fact, there are pirated copies of this software available in the free-to-download option, which in turn reduces market share of software designers.

Competitive Section

Key players operating in the global PCB design software market are Cadence Design Systems, Inc., Altium LLC, Mentor Graphics Corporation, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., and Synopsys, Inc.

Key Developments

  1. Major companies are focused on product launches, in order to expand the product portfolio. For instance, in October 2019, Altium LLC introduced the newest version of Altium Designer, a software preferred by professional PCB designers and engineers.
  2. Key players are involved in product launches, in order to gain a competitive edge in the market. For instance, in November 2018, Mentor Graphics Corporation, a subsidiary of Siemens AG, introduced Xpedition, a printed circuit board (PCB) design platform focused on several multi-dimensional verification.

PCB Design Software is the ultimate tool for designing Printed Circuit Boards (PCBs) in the desired manner. With new advanced technology, designing PCBs becomes a challenging task. The need for high-quality PCB Design Software has increased over the years. Nowadays, many engineers from various companies have come up with a new layout or a new concept of a new product, which requires designing PCBs. This software helps the designer to align the traces after the design process is complete. With the help of the technology known as EDA software, the designer can modify the traces in real-time. This feature provides for easy changes in traces which can be saved and later used during the next step of the process. The tools of this electronic design software also include the AutoCAD compatible version of AutoCAD which allows the designer to work on several projects without any problems.

Market Dynamics

Increasing demand for smart technologies and semiconductor applications is expected to boost the global PCB design software market growth over the forecast period. The demand for various smart technologies in day-to-day life has increased massively. Furthermore, semiconductors are widely used in various applications including in air conditioners, rice cookers, and many more devices as a temperature sensor. Semiconductors are also used in various electronic devices including transistors, diodes, and integrated circuits. This, in turn, has increased the adoption of PCB design software worldwide.

Moreover, the emergence of the Internet of Things (IoT) is expected to accelerate growth of the global PCB design software market.

Key features of the study:

  • This report provides in-depth analysis of the PCB design software market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global PCB design software market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Cadence Design Systems, Inc., Altium LLC, Mentor Graphics Corporation, WestDev Ltd., Zuken Inc., AutoDesk Inc., ANSYS, Inc., and Synopsys, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global PCB design software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PCB design software market

Detailed Segmentation:

  • PCB Design Software Market, By Technology
    • High-end Software
    • Mainstream Software
    • Low-end Software
  • PCB Design Software Market, By End-user Type
    • Computing Industry
    • Consumer Electronics Industry
    • Communication Industry
    • Medical Industry
    • Automotive Industry
    • Defense Industry
  • PCB Design Software Market, By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Poland
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East and Africa
      • GCC Countries
      • Israel
      • South Africa
      • Rest of Middle East

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By End-user Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Impact of COVID-19 Pandemic on Global PCB Design Software Market
    • Short Term and Long Term Impact, by Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
    • Short Term and Long Term Impact, by Technology
      • High-end Software
      • Mainstream Software
      • Low-end Software
  5. Global PCB Design Software Market, By Technology, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • High-end Software
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Mainstream Software
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Low-end Software
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global PCB Design Software Market, By End-user Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Computing Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Consumer Electronics Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Communication Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Medical Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Automotive Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Defense Industry
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global PCB Design Software Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-user Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-user Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-user Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-user Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-user Type, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Cadence Design Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Altium LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mentor Graphics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • WestDev Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Zuken Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AutoDesk Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ANSYS, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Synopsys, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global PCB Design Software Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The global PCB design software market is estimated to be valued at US$ 2,482.3 million in 2021 and is expected to exhibit a CAGR of 13.6 % over the forecast period (2021-2028).
Increasing need to minimize product development time and errors is expected to drive growth of the market during the forecast period.
Complexity of software making time-consuming process is expected to restrain growth of the market during the forecast period.
Growing adoption of UAVs in defense or military sector is one of the prominent trends in the market.
Advent of advanced technologies can present lucrative growth opportunities in the market.
Key players operating in the market are Cadence Design Systems, Inc., Altium LLC, Mentor Graphics Corporation, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., and Synopsys, Inc.
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