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).
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.
Figure 1. Global PCB Design Software Market Value (US$ Mn), by Region, 2020
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.
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.
|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|
Cadence Design Systems, Inc., Altium LLC, Mentor Graphics Corporation, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., and Synopsys, Inc.
|Restraints & Challenges:||
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
Key Takeaways of the Graph:
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.
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.
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.
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: