by Printed circuit board (PCB) design software is used for designing and developing electronic interconnections and components on a PCB. PCB design software helps designers integrate electrical components, define electronic pathways and visualize circuits. They offer features like automatic component placing and routing, bill of material management, design rule checking and simulation. With the increasing complexity in electronic product design, PCB design software is increasingly being adopted by engineering professionals to streamline the design process.
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 key trends:
PCB design software helps designers effectively manage the entire PCB development process beginning from schematic design to netlist extraction and CAM data generation. Their features like built-in design rule checking and simulation help designers easily identify errors and validate circuit designs upfront, ensuring compliance with industry standards. This significantly improves productivity and efficiency of engineering teams, thereby resulting in higher adoption of PCB design solutions globally.
SWOT Analysis
Strength: PCB design software allows for faster designing and validation of designs reducing time to market. It offers integration with various EDA tools for comprehensive design flow.
Weakness: Huge upfront investment required in procuring licenses. Lack of skilled resources to efficiently use advanced features of PCB design software.
Opportunity: Growing electronics industry and increasing complexity of PCB designs is driving demand for specialized PCB design software. Adoption of IoT and emergence of new technologies offer new opportunities.
Threats: Open source and free PCB design tools pose pricing pressure on commercial tools. Economic slowdowns can negatively impact electronics industry and demand for such software.
Key Takeaways
The Global PCB Design Software Market Size is expected to witness high growth. 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.
Regional analysis comprises Asia Pacific dominates current market share led by presence of large electronics industry in countries like China and Taiwan. The region is expected to maintain its dominance over forecast period driven by growing domestic electronics consumption.
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 . Pricing strategy and continuous product innovation are crucial for leadership position in this competitive market. Companies also focus on partnerships with PCB manufacturers for integrated solutions.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
