The PCB design software market allows engineers to design and develop printed circuit boards (PCBs) digitally. PCB design software helps designers lay out integrated circuits, connectors, and other electronic components on circuit boards and route the pathways or traces between them that will carry electricity and signals. With the help of PCB design software, engineers can create accurate layouts, configure paths between components, and check for errors virtually before starting mass production. The software integrates components automatically, streamlines routing, facilitates team collaboration, and prevents design errors. Moreover, it enables testing of design files to check for specification compliance or performance issues prior to fabrication.
Global PCB design software market size was valued at US $4.49 Bn in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030.
Key Takeaways
Key players operating in the Pcb Design Software market are Cadence Design Systems, Inc., Altium LLC, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., Synopsys, Inc., and Novarm Limited. Cadence Design Systems, Inc. and Zuken Inc. hold a significant share of the market.
The IoT and wearable devices is fueling the growth of the PCB design software market. Miniaturization of electronic components has increased the complexity of PCB designs. Pcb Design Software Market Growth helps address this complexity by offering advanced routing, simulation, and collaboration features.
North America dominates the global PCB design software market due to rapid technological adoption. However, Asia Pacific is expected to exhibit the fastest growth due to thriving electronics industries in China, India, and other developing nations and the expanding consumer base of wearable devices and IoT products. Expanding RD spending on development of 5G and advanced driver-assistance systems (ADAS) will further support the regional market during the forecast period.
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