Press release
PCB Design Software Market to Reach USD 9.2 Billion by 2031, Growing at a CAGR of 13.4% | Persistence Market Research
PCB Design Software Market
Government initiatives worldwide, particularly in countries like India and Taiwan, are fueling the market's expansion. For instance, India's government announced plans to increase chip production funding to US$ 15 billion in the second phase of its semiconductor incentive program. Partnerships between local conglomerates like the Tata Group and international players such as Powerchip Semiconductor Manufacturing Corporation (PSMC) are also paving the way for commercial semiconductor fabrication plants, creating substantial opportunities for PCB design software adoption.
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Key Highlights from the Report
• North America is expected to dominate, accounting for a 37.6% market share in 2024 due to advancements in 3D visualization and PCB design tools.
• Europe is projected to create new growth opportunities driven by high demand for multi-functional PCB solutions in aerospace applications.
• The on-premise deployment segment will lead with a 77.6% share in 2024 owing to cybersecurity concerns in cloud-based deployments.
• The computer and consumer electronics application segment is anticipated to grow at a CAGR of 15.7% through 2031 amid device miniaturization trends.
• Integration of artificial intelligence (AI) and machine learning (ML) in PCB design software is expected to open new growth avenues.
• Manufacturers are increasingly focusing on sustainable software development to reduce electronic waste and adhere to stringent government regulations.
Market Segmentation
The PCB design software market is segmented based on product type, deployment, and application. By product type, the market includes software for schematic capture, PCB layout, simulation, and verification tools. Among these, layout and simulation tools are witnessing higher adoption rates due to the need for accurate design and testing of high-performance circuits before production.
From a deployment perspective, the market is divided into on-premise and cloud-based solutions. While on-premise solutions currently dominate, cloud-based deployments are gaining traction as they offer real-time collaboration, remote accessibility, and cost-efficiency. In terms of applications, the market serves consumer electronics, automotive, healthcare, telecommunications, and aerospace industries, with consumer electronics leading due to rapid device miniaturization and increasing electronics penetration worldwide.
Regional Insights
North America is leading the PCB design software market, mainly due to technological advancements, the presence of key PCB software vendors, and high adoption of AI-driven design tools. Countries like the U.S. are investing heavily in R&D, which further strengthens the region's market position.
Europe, on the other hand, is emerging as a high-growth region, primarily due to the aerospace and defense industries' demand for advanced, multifunctional PCBs. Government incentives for sustainable electronics and semiconductor initiatives are expected to drive market expansion across countries such as Germany, France, and the UK.
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Market Drivers
The PCB design software market is primarily driven by the rising demand for electronics miniaturization, which requires precise and efficient PCB layouts. Additionally, the growth of the semiconductor industry, supported by government investments and incentives, is creating high demand for advanced design tools. The integration of AI and ML in PCB software is enabling faster prototyping, reducing design errors, and improving overall productivity, further fueling market growth.
Market Restraints
Despite strong growth prospects, the market faces challenges such as the high cost of advanced PCB design software, which may limit adoption by small and medium enterprises. Additionally, the complexity of software usage and the need for skilled designers can act as barriers to entry. Cybersecurity concerns in cloud-based deployments also pose risks, prompting companies to invest in on-premise solutions despite higher costs.
Market Opportunities
The global PCB design software market offers multiple opportunities, particularly in emerging economies. Countries like India, China, and Southeast Asian nations are investing in semiconductor manufacturing, creating demand for sophisticated PCB design solutions. The adoption of sustainable and environmentally friendly software development practices presents opportunities for vendors to differentiate themselves. Furthermore, cloud-based and collaborative design tools represent untapped potential for expanding market share among SMEs and startups.
Reasons to Buy the Report
✔ Comprehensive analysis of global PCB design software market size and forecast.
✔ In-depth insights into key growth drivers, restraints, and opportunities.
✔ Detailed segmentation by product type, deployment, and application.
✔ Regional market trends and competitive landscape analysis.
✔ Latest developments, partnerships, and strategies of leading players.
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Frequently Asked Questions (FAQs)
How big is the PCB design software market in 2024?
Who are the key players in the global PCB design software market?
What is the projected growth rate of the PCB design software market from 2024 to 2031?
What is the market forecast for PCB design software by 2032?
Which region is estimated to dominate the PCB design software industry through the forecast period?
Company Insights
Key players operating in the PCB design software market include:
• Cadence Design Systems, Inc.
• Mentor Graphics (Siemens EDA)
• Zuken Inc.
• Altium Ltd.
• Autodesk, Inc.
• Synopsys, Inc.
Recent Developments:
• In 2024, Cadence Design Systems launched a new AI-enabled PCB design suite to enhance automated layout and error detection.
• Mentor Graphics (Siemens EDA) introduced a cloud-based PCB design collaboration platform to enable real-time team workflows and remote design management.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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