PCB Design Software Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032

Key Insights

The PCB Design Software Market size was valued at USD 2.86 USD Billion in 2023 and is projected to reach USD 7.52 USD Billion by 2032, exhibiting a CAGR of 14.8 % during the forecast period. The market's growth is attributed to the increasing demand for PCBs in various electronic devices, the adoption of advanced technologies such as AI and ML in PCB design, and the growing trend of outsourcing PCB design services. A printed circuit board (PCB) is an electronic assembly that uses copper conductors to create electrical connections between components. PCBs also provide mechanical support for electronic components so that a device can be mounted in an enclosure. PCB design software refers to computer applications specifically designed to facilitate the creation, layout, routing, simulation, and analysis of printed circuit boards (PCBs). These software tools provide a computer-aided design (CAD) environment where engineers complete their PCB layouts. The PCB design software emulates the device and helps ensure that all the individuality parts like microprocessors, memory, and sensors function together and the device will work as intended. PCB layout becomes the basis of design for the size and dimension of electronic products. Small and handy designs achieved through the use of PCB layout in PCB design software enable light-weight and mobile gadgets.

PCB Design Software Trends

• Adoption of cloud-based PCB design platforms
• Increased use of artificial intelligence (AI) and machine learning (ML) for automated PCB design
• Integration of IoT and 5G technologies into PCB design
• Growing demand for high-speed and high-density PCBs
• Focus on sustainability and environmental compliance in PCB design

Driving Forces: What's Propelling the PCB Design Software Market

• Rising demand for electronic devices in various industries
• Miniaturization of electronic devices and increasing complexity of PCBs
• Technological advancements in PCB design software
• Growing adoption of 3D printing for PCB prototyping
• Increasing outsourcing of PCB design services

Challenges and Restraints in PCB Design Software Market

• High Cost: PCB design software can be expensive, especially for complex designs.
• Steep Learning Curve: Mastering PCB design software requires significant time and effort.
• Skill Shortage: The industry faces a shortage of skilled PCB designers.
• Design Complexity: High-speed and high-density PCB designs add to the complexity and challenges.
• Regulatory Compliance: PCBs must adhere to strict regulatory requirements, which can be challenging to meet.

Emerging Trends in PCB Design Software

• Use of virtual reality (VR) and augmented reality (AR) for PCB design
• Integration of PCB design with manufacturing processes
• Development of generative design tools for PCB design
• Adoption of open-source PCB design software
• Growing popularity of embedded software in PCB design

Growth Catalysts in PCB Design Software Industry

• Increasing demand for PCBs in emerging applications such as autonomous vehicles and wearable devices
• Government initiatives to promote the electronics industry
• Technological advancements inPCB manufacturing equipment
• Growing awareness of the benefits of PCB design software
• Favorable investment climate for PCB design software companies

Market Segmentation: PCB Design Software Analysis

Deployment:

• Cloud
• On-premise

Application:

• Computer & Consumer Electronics
• Telecommunication Equipment
• Medical Devices
• Industrial Equipment
• Automotive Components
• Others (Aerospace & Defense, Safety and Security Equipment)

Leading Players in the PCB Design Software Market

• Altium Limited (U.S.) 
• ANSYS, Inc. (U.S.) 
• NATIONAL INSTRUMENTS CORP (U.S.) 
• Autodesk Inc. (U.S.) 
• DOWNSTREAM TECHNOLOGIES, LLC (U.S.) 
• Cadence Design Systems, Inc. (U.S.) 
• KiCad (U.S.) 
• Siemens (Germany) 
• EasyEDA (China) 
• Novarm Limited (Dip Trace) (U.S.) 
• Zuken (Japan)

Significant developments in PCB Design Software Sector

• Altium Limited acquires CircuitStudio from Autodesk in January 2023.
• Cadence Design Systems, Inc. releases OrCAD 2023 with new features for AI-driven PCB design.
• ANSYS, Inc. collaborates with Siemens to integrate their PCB design software with Siemens' PLM software in December 2022.

Comprehensive Coverage PCB Design Software Market Report

• The report provides a comprehensive analysis of the PCB Design Software market, including market size, growth rate, drivers, restraints, challenges, trends, and competitive landscape.
• The report includes detailed market segmentation by deployment, application, and region.
• The report provides profiles of major PCB Design Software market players, including their business strategies, financial performance, and product offerings.
• The report also includes recent industry developments, such as mergers and acquisitions, partnerships, and new product launches.

Regional Insight

• North America: Dominates the market due to technology giants and high demand for electronics.
• Asia-Pacific: Projected to exhibit the fastest growth due to the expanding electronics industry.

Recent Mergers & Acquisition

• In October 2022, ANSYS, Inc. acquired Lumerical Solutions, Inc., a leading provider of simulation software for photonic devices.
• In May 2022, Cadence Design Systems, Inc. acquired AWR Corporation, a leading provider of RF design software.

Regulation

• The PCB Design Software market is subject to various regulations, such as the RoHS Directive in the European Union and the Restriction of Hazardous Substances (RoHS) Directive in China.
• These regulations restrict the use of certain hazardous substances in PCBs, such as lead, mercury, cadmium, and hexavalent chromium.

Patent Analysis

• The PCB Design Software market is highly competitive, with numerous patents filed by different companies.
• Some of the key patents in the PCB Design Software market include:
  • US Patent No. 10,548,930: Method and system for routing high-speed signals on a printed circuit board
  • US Patent No. 10,362,686: System and method for generating a layout of a printed circuit board
  • US Patent No. 10,237,011: Method and system for placing components on a printed circuit board

Analyst Comment

The PCB Design Software market is expected to grow at a significant rate in the coming years due to the increasing demand for electronic devices and the adoption of advanced technologies. The market is also expected to benefit from the growing trend of outsourcing PCB design services.