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PCB Design Software Market Research Report by Key Players Analysis Mentor Graphics, Cadence Design Systems, Zuken, Altium, CadSoft, Novarm, Shanghai Tsingyue by Forecast to 2023
PCB Design Software Market
PCB design software market is a highly useful tool used in the electronic designing of printed circuit boards. A PCB is a layout of the circuit of an electronic device and is highly important in various electronic components such as transistors, integrated circuits, and resistors to name a few. Market Research Future's analysis of the market has found that the global IPTV market is on track to grow at a highly optimistic CAGR of 26% during the assessment period between 2018 and 2023. Other projections for the growth of the market include the estimated evaluation of the market at USD 4 Bn by the end of 2023. PCB design software is increasingly being used as they allow enterprises to test the working and provide a visualization of the printed circuit board.
The wide use of PCB Design Software Market for the designing and manufacturing of devices of a large number of end-use industries is expected to help the market grow at a rapid pace. End-use industries include building & construction equipment, communication devices, medical & healthcare, and automotive sector. PCBs are used in nearly every electronic component thus making them a vital part of the electronics industry. Moreover, this makes PCB design software all the more important as it is crucial in designing printed circuit boards.
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The rapid expansion of the consumer electronics industry as well and the high demand for advanced designs for PCB is expected to contribute significantly toward the growth of the global market. The PCB design software market is driving significantly by the increasing need for reduced time and designing issues which are commonly faced during product development. Since the PCB design software also allows visualization of a PCB and how it would work, this makes product development much more efficient.
Notably, the market is held back by the complexity of the software, and high variation in requirements related to power and signal integrity is expected to hinder the growth of the global PCB design software market throughout the review period. However, ongoing advancement of technology employed in this sector is expected to provide the market with room for growth in the coming years.
PCB Design Software Market Key Players
Prominent participants in the global PCB design software market include Novarm, Synopsys Inc., Shanghai Tsingyue, Cadence Design Systems, CadSoft, Zuken Inc., Altium, Forte Design Systems Inc., Mentor Graphics, and SolidWorks.
Global PCB Design Software Market: Segmental Analysis
The global PCB Design Software Market has been segmented on the basis of design complexity, type, deployment type, and industry. Based on design complexity, the PCB design software market has been segmented into Low end, Medium end and High-end design. Based on type, the PCB design software market has been segmented into PCB Layout and Schematic Capture. Based on deployment type, the PCB design software market has been segmented into On-cloud and On-Premise. Based on industry, the PCB design software market has been segmented into transportation, consumer electronics, telecommunications, semiconductors, aerospace & defense, healthcare, industrial automation & control, and education & research.
Global PCB Design Software Market: Regional Analysis
The global PCB design software market has been geographically segmented into four major regions such as Europe, Asia Pacific (APAC), North America, and the rest of the world. Rapid growth of semiconductor industry in the North America region and easy adoption of technologically advanced solutions in the industrial sector of the North America region are fueling the growth of the PCB design software market in this region. Rapid expansion of automotive industry and increased incorporation of PCB design software technology in the automotive sector in order to deliver accuracy to the designs of the components are fueling the growth of the PCB design software market in the Europe region. Proliferation in players that are providing PCB design software and increased inclination towards automation in various end-use industries in the developing economies are contributing to the growth of the PCB design software market in the Asia Pacific region.
Global PCB Design Software Market: Industry Updates
In December 2018, Altium LLC, a provider of electronic design systems for PCB design, has announced the launch of latest version of the company's flagship PCB design software, Altium Designer 19.
In August 2018, WestDev Ltd. has launched the latest version 10.0 in its Pulsonix product line. This version features 3D PCB Design.
In August 2018, Labcenter Electronics has partnered with SamacSys in order to create CAD models by utilizing SamacSys's PCB Library Wizard for the Proteus design software of Labcenetr Electronics.
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Global PCB Design Software Market: Drivers and Restraints
Increasing demand for technologically advanced designing software and techniques and rapid expansion of the consumer electronics industry are leading to the substantial growth of the global PCB design software market during the assessment period. High demand for automation to reduce designing errors caused due to human interference and real-time identification of issues related to the application of circuits are propelling the growth of the global PCB design software market. However, the complexity of the designing software and incapability to deliver varying requirements for power and signal integrity are restraining the expansion of the global PCB design software market.
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