by PCB design software facilitate designing of complex printed circuit boards in easy and efficient manner. It provides digital visualization for circuit design, enables auto routing of components, checking for design flaws and efficient modifications in the design. With rising adoption of advanced electronic products and growing demand for miniature electronic devices, PCB design software has become increasingly vital for quick prototyping and mass production of printed circuits.
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
Rapid adoption of advanced technologies such as IoT and 3D printing is a major factor propelling the growth of PCB design software market. Integration of IoT has enabled remote management, diagnosis and real time monitoring of devices which has increased complexity of printed circuit boards. This has augmented the demand for advanced PCB design software for producing multilayer boards with miniature electronic components. 3D printing technologies for PCB prototyping have allowed faster design iterations and reduced costs. PCB design software is integral to the 3D printing process for generating required designs and Gcodes for printing circuits. Rising penetration of these new technologies has thus accelerated the adoption of professional PCB design solutions.
SWOT Analysis
Strength: PCB design software allows engineers to design and test PCB layouts digitally before manufacturing, reducing costs and errors. It offers advanced features for routing complex circuitry.
Weakness: High learning curve for sophisticated tools can reduce productivity initially. Compatibility issues may arise while sharing files between different PCB design programs.
Opportunity: Growing electronics industry and internet of things will drive demand for specialized PCBs. Adoption of software-based design can help electronics companies modernize processes.
Threats: Open-source PCB design programs provide basic features free of cost, posing pricing pressure. Delays in software updates impacting new technology support.
Key Takeaways
The global PCB Design Software Market Demand is expected to witness high growth. 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.
Regional analysis comprises growing demand for consumer electronics and focus on manufacturing hub development in Asia Pacific makes it the fastest growing and dominating region.
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. Upgradation of existing software and introduction of subscription licensing models can help these players boost revenues.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
