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Printed circuit board design software is a tool used for the construction of the layout of the circuit of an electronic device. It includes numerous components such as capacitors, resistors, transistors, and integrated circuits (ICs). Furthermore, PCB devices are used to connect with breadboard when the small size devices components cannot do the same. Autorouting is one of the most common features available in PCB design software, which helps automate wire routing. Auto placement is a feature available in some PCB design software that automates the placement of components.

Market Statistics:

The global PCB design software market is expected to surpass US$ 6,064.5 Mn in terms of value by the end of 2028.

Market Driver

Increasing demand from the electronics, medical, automotive, and defense sectors is expected to boost the global PCB design software market during the forecast period. Consumer electronics industry has witnessed massive growth in the recent past due to increasing usage of wearable devices and smartphones. Automobile industry is expected to witness the advent of connected devices over the forecast period. Furthermore, the demand for electronic devices has increased in medical and defense applications in the recent past significantly. PCB design software plays a crucial role in designing these devices.

Market Opportunity

Availability of enhanced designing techniques can provide major business opportunities.  Majority of software vendors are focused on introducing new updates, in order to address various issues customers face while designing PCBs. As a result of this, advanced technologies such as improved auto-rotating techniques, intelligent interactive dialogs, and features to create complex signal paths are being adopted. For instance, WestDev Ltd.’s PCB design software, Pulsonix, includes features such as 3D design and visualization, integration and import tools, data management, and high-speed design capabilities, which helps ease PCB designing.

Global PCB Design Software Market: Recent Developments

In December 2018, Altium Limited  a US based software company updatd its PCB design software, Designer 19 which simplifies the process of creating complex designs of PCB.

In November 2019, a US based software company is offering electronics design capabilities for fusion 360 software.

Key players in the market are involved in product launches, in order to gain a competitive edge in the market. For instance, in September 2018, WestDev Ltd. introduced a new version of Plusonix, Version 10.0

  1. Major market players are involved in product development, in order to enhance the product portfolio. For instance, in April 2020, Synopsys, Inc. introduced the 3DIC Compiler platform to transform the design and integration of complex 2.5 and 3D multi-die systems in a package.

Market Restraint

Lack of skilled personnel is expected to hamper the global PCB design software market growth over the forecast period. Designing a PCB design software requires a skilled software engineer with ample experience. Although developed regions such as North America and Western Europe have such skilled personnel, emerging regions such as MEA and Latin America are struggling to cope up with this.

Global PCB Design Software Market - Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 pandemic has led to a significant impact on the global PCB design software market with a sharp decline in growth in the recent past. Following the outbreak in December 2019, governments imposed stringent lockdown policies leading to a temporary suspension in manufacturing activities across majority of verticals. Although the demand for PCB design software increased due to the primary use in medical equipment, disruption in global supply chain industry impacted the market growth massively. However, many countries have started relaxing their COVID-19 regulations and resuming manufacturing activities, which could support growth of the market.

To know the latest trends and insights prevalent in the Global PCB Design Software Market, click the link below:

Key Takeaways:

  • The global PCB design software market was valued at US$ 2,199.9 Mn in 2020 and is forecast to reach a value of US$ 6,064.5 Mn by 2028 at a CAGR of 13.6% between 2021 and 2028, owing to increased demand of MCAD and ECAD collaboration.
  • In 2020, the Consumer Electronics Industry accounted for the largest share of 25.3% in the global PCB design software market and is expected to be valued at US$ 1,535.3 million by 2028. This is owing to increased demand of consumer electronics products across the globe.

Market Trends

Constant research and development activities in electronics manufacturing are expected to drive growth of the North America PCB design software market during the forecast period. According to a report published in August 2015, Made in America: The Facts about Semiconductor Manufacturing, by Semiconductor Industry Association, the U.S. semiconductor market accounted for 51% revenue share in 2014, in the global semiconductor market. Moreover, in the U.S., exports for aircraft and automobiles topped the list of manufactured exports, followed by semiconductor devices.

Growing demand for microelectronics and semiconductors across the region is expected to boost the Latin America PCB design software market growth over the forecast period. Furthermore, the semiconductor industry is expected to witness massive growth in the near future, owing to increasing investments in research and development and establishment of manufacturing units. Semiconductor devices such as ICs and chips are being extensively used in PCBs and thus, rising demand for semiconductor devices is expected to propel the regional market growth during the forecast period. Emerging economies such as Mexico, Argentina, and Brazil are witnessing rising foreign investment in the automotive industry, which in turn, increases the production of automobiles and parts that use PCBs. For instance, in December 2015, Unitec Semiconductors invested US$ 320.35 Mn in Brazil-based Ribeirao das Neves, and the company is expected to start operations by the end of 2017.

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.

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