Press release
PCB Design Software Market is projected to surge at a high CAGR of 14.9%-FMI
PCB Design Software Market
The global PCB design software market is valued at around US$ 3 Bn in 2022, registering Y-o-Y growth of 12.7%. The market is projected to surge at a high CAGR of 14.9% and attain a valuation of US$ 7.92 Bn by 2029.
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Key Takeaways of PCB Design Software Market Study
North America is expected to hold a significant share in the global PCB design software market among all the regions during the forecast period of 2022-2029.
Mainstream software is anticipated to retain its significant share in the global PCB design software market among all the components during the forecast period. Among all the applications, the automotive industry is estimated to register an impressive CAGR in the global PCB design software market. However, consumer electronic applications are estimated to continue to hold the largest market share in the global PCB design software market over the forecast period.
Increasing Demand for High-speed Analogue Circuits to Propel Sales
On back of the growing demand for smaller devices and the rising complexity of circuits, the demand for PCB design software is expected to increase significantly over the forecast period. Signal integrity is an essential part of the PCB design software process. By using high-speed circuits, a PCB manufacturer can minimize the possibility of problems arising from poor signal integrity. A high-speed PCB is one where integrity of the signal is affected by the circuit layout. Therefore, the introduction of high-speed analogue circuits is expected to drive the growth of the global PCB design software market.
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Key Segments of PCB Design Software Industry Survey
PCB Design Software Market By Component :
PCB Design Software
PCB Design Services
PCB Design Software Market By Deployment :
On-premise PCB Design Software
Cloud-based PCB Design Software
PCB Design Software Market By Application :
IT & Computing
Consumer Electronics
Telecommunications
Healthcare
Automotive
Defense & Military
Others
PCB Design Software Market By Region :
North America PCB Design Software Market
Latin America PCB Design Software Market
Europe PCB Design Software Market
East Asia PCB Design Software Market
South Asia & Pacific PCB Design Software Market
Middle East & Africa (MEA) PCB Design Software Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.
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