Printed circuit board (PCB) design software offers digital solutions for designing PCBs and circuit boards. Using PCB design software, engineers can lay out integrated circuits, connectors, and other electronic components on a PCB accurately. The software helps designers create schematic diagrams, assemble components, lay out circuit boards, and generate fabrication outputs. It automates previously manual tasks such as routing and ensures design integrity by checking for design rule violations. Major players offer both free and paid software solutions for PCB design. The free versions have basic features for simple designs, while commercial versions provide advanced capabilities for complex multi-layer PCB designs.
The global PCB Design Software Market is estimated to be valued at US$ 4 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Software tools allow designers to effortlessly integrate SMD components on boards, generate automatic copper pours and routing, and modify designs iteratively while validating design rules. They significantly improve design productivity and accuracy compared to manual methods. In addition, PCB design software enables collaboration between distributed design teams. Teams can collaboratively work on a design file simultaneously using cloud-hosted software or via version control integration. This driver is expected to propel market growth over the forecast period. Furthermore, the growing complexity of PCB designs necessitates the use of software for handling multiple layers, high-density components, and strict design rules. Complex designs involving RF, high-speed digital, or mixed-signal circuits require EDA tools for simulation, analysis, and fabrication outputs. The increasing complexity of boards in the electronics industry consequently drives demand for advanced PCB design software.
Segment Analysis
The PCB design software market is segmented into printed circuit board design software and integrated circuit design software. The printed circuit board design software segment dominates the market and accounts for around 70% share. This is because printed circuit board design software helps engineers design and develop new electronic products faster and more cost-effectively compared to physical prototyping.
PEST Analysis
Political: The government across various countries are supporting innovation in electronics through grants and subsidies which is positively impacting the PCB design software market.
Economic: The growth of electronics industry and rising demand for consumer electronics are driving the demand for PCB design software market.
Social: Increasing digitalization and growing adoption of smart devices among consumers is fuelling the growth of this market.
Technological: Advancements in PCB design technologies like AI/ML integrated solutions and 3D PCB design are supporting complex product development and providing growth opportunities to players in this market.
Key Takeaways
The Global PCB Design Software Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global PCB Design Software Market is estimated to be valued at US$ 4 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the market currently due to presence of large number of electronics manufacturers. Within Asia Pacific, China holds majority share of over 30% owing to large electronics production base in the country. North America is witnessing fastest growth in the PCB design software market driven by growing electronics manufacturing and adoption of advanced design technologies by players in the region.
Key players
Key players operating in the PCB design software market are Chattanooga International, Humares, Prime Pacific Health, Herrmann Apparatebau, Transcom, CleanColon Italy, Prometheus Group, Shenzhen Lifotronic Technology, PPHIC, Comba UK, Enteromed Group, Lifotronic, Dotolo Research, TECNO-GAZ.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it