PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603909
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603909
According to Stratistics MRC, the Global PCB Design Software Market is accounted for $3.69 billion in 2024 and is expected to reach $9.34 billion by 2030 growing at a CAGR of 16.7% during the forecast period. Printed Circuit Board (PCB) design software is a specialised tool used by engineers and designers to design and layout circuitry for electronic devices. It enables users to define components, route electrical traces, design the schematic, and model the operation of the board. Schematic capture, board layout, component libraries, design rule checks (DRC), and signal integrity analysis are some of the essential features. By assuring appropriate connectivity, signal flow, and electrical performance, the program assists in converting design concepts into circuit boards that can be manufactured.
According to a 2020 report published by Invest India, the global electronic devices market was expected to reach $3.1 trillion in 2021 and will continue to grow at the same rate encouraging the adoption of PCB Design Software.
Rising Demand for Electronics and Consumer Devices
Rising demand for electronics and consumer gadgets propels the PCB design software market, necessitating increasingly complex, efficient, and compact PCB designs. Complex and high-performance PCBs are needed for increasingly sophisticated devices like wearables, smartphones, and Internet of Things gadgets. Specialized PCB design tools that facilitate quicker, more accurate design and production are adopted as a result of this increase, which propels market expansion and encourages design software improvements to keep up with changing technological demands.
High Cost of Advanced Design Software
The expensive cost of modern PCB design software restricts industry growth, particularly for small enterprises and startups with limited budgets. Large upfront costs and recurring license fees are common requirements for premium products, which may be prohibitive for teams with less expertise or smaller players. In the end, this limits the broad usage of complex PCB design software across a variety of industries by limiting access to capabilities like 3D modeling, simulation, and multi-layer support, which impedes innovation and slows adoption in cost-sensitive markets.
Advancements in PCB Manufacturing Techniques
Advances in PCB manufacturing techniques, such as multi-layered, flexible, and HDI (High-Density Interconnect) boards, are driving the PCB design software market by creating a demand for more advanced design tools. Software that can manage intricate layouts, guarantee ideal routing, and accommodate novel materials and production techniques is needed for these advancements. The market for sophisticated PCB design software expands to keep up with technological breakthroughs as PCB designs become more complex to satisfy performance and miniaturization requirements.
Complex Regulations and Standards
Complex laws and industry standards, such as RoHS and ISO certifications, stifle the PCB design software market by increasing compliance costs and development time. To comply with changing rules, software must be updated often, which can cause delays in releases and put additional financial strain on vendors. Additionally, businesses could have trouble making sure that designs follow certain local or sector-specific guidelines. Smaller businesses may be deterred from implementing sophisticated design tools by these complications, which would impede market expansion and innovation in general.
The COVID-19 pandemic initially disrupted the PCB design software market due to supply chain challenges and delays in manufacturing. However, it also accelerated digital transformation, driving increased demand for electronic devices, remote work solutions, and IoT applications. As companies adapted to new work environments, the need for advanced PCB design tools grew, boosting the market. Additionally, the shift to online collaboration and cloud-based software also expanded opportunities for PCB design solutions.
The 2D PCB design software segment is expected to be the largest during the forecast period
The 2D PCB design software segment is expected to be the largest during the forecast period as it is widely adopted in industries where cost-efficiency and speed are critical, such as consumer electronics, automotive, and education. 2D software tools facilitate faster design iterations, reducing time-to-market and development costs. As a result, they appeal to small businesses, startups, and educational institutions, expanding the market reach and encouraging broader adoption of PCB design software, particularly in price-sensitive applications and entry-level designs.
The telecommunications segment is expected to have the highest CAGR during the forecast period
The telecommunications segment is expected to have the highest CAGR during the forecast period due to increasing demand for advanced communication devices, infrastructure, and networks. As 5G and IoT technologies evolve, the need for high-performance, compact, and reliable PCBs grows. These innovations require sophisticated PCB designs that can handle high-frequency signals, miniaturization, and multi-layer structures, which drive the adoption of advanced PCB design software, thus fueling market growth in this segment.
North America is projected to hold the largest market share during the forecast period due to demand for high-performance, miniaturized PCBs continues to rise, particularly for emerging technologies like 5G, IoT, and electric vehicles. North America's established manufacturing infrastructure, coupled with significant R&D investment, drives the need for sophisticated PCB design tools. The region's adoption of automation, AI-driven solutions, and cloud-based design software further accelerates market growth, positioning it as a key hub for the global PCB design software market.
Asia Pacific is projected to witness the highest CAGR over the forecast period owing to fast rise of industries such as consumer electronics, automotive, telecommunications, and IoT drives demand for sophisticated PCB designs. The market for PCB design software is growing as manufacturers use more advanced design tools to satisfy the demands of multi-layer, greater performance, and smaller PCBs. The use of cutting-edge design software solutions is accelerated by the region's expanding tech sector and emphasis on digitalization.
Key players in the market
Some of the key players in PCB Design Software Market include Altium Limited, Ansys, Inc., Autodesk Inc., Cadence Design Systems, Inc., CadSoft Computer Inc., Dassault Systemes SE, Forte Design Systems, Inc., KLA Corporation, Mentor Graphics, Novarm, Shanghai Tsingyue Software Co., Ltd, Siemens, Synopsys, Inc., Westdev Ltd and ZUKEN INC.
In October 2024, Siemens and Alliander entered a strategic partnership to accelerate the energy transition and tackle key challenges in distribution grid management in Netherlands.
In April 2024, Siemens has launched Electrification X to transform ageing electrification infrastructure. By leveraging Electrification X, customers gain access to a range of IoT SaaS offerings and software solutions for enhancing energy efficiency, enabling e-mobility, and optimizing industrial energy systems.
In November 2020, Siemens has expanded the concept of Virtual Power Plants (VPPs) into the industrial sector. This move is driven by the need to integrate distributed energy resources, improve energy efficiency, and support industrial facilities in managing their energy needs in a more sustainable and cost-effective manner.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.