Printed circuit board (PCB) design software enables engineers to design and develop electronic circuits for various applications. PCB design software aids in the layout of printed circuit boards and has functionalities for design rule checks, routing, as well as library management. It plays a key role in circuit design, prototyping, and manufacturing processes for PCBs.The software helps capture and visualize circuit designs in an easy-to-understand schematic format. PCB design software is extensively used across industries such as consumer electronics, IT & telecommunications, industrial electronics, semiconductor, automotive, and defense among others. The growing complexity of electronic products and systems is driving the demand for PCB design software as they offer advanced functionalities for designing complex boards with multiple layers and components. Additionally, the rapid development of miniaturized electronics and embedded systems is intensifying the demand from consumer electronics and IoT applications.
The Global PCB Design Software Market is estimated to be valued at US$ 4.61 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the PCB Design Software are Altium, Cadence Design Systems, Mentor Graphics, Zuken, Synopsys, OrCad, Novarm, and Agilent EEsof EDA. Altium captured the highest market share in 2023 owing to its strong global footprint and diverse product portfolio for PCB design.
The rising demand for consumer electronics across the globe presents significant opportunities for PCB design software providers. Growing need for electronic components in automotive, healthcare, industrial, and IoT verticals will further drive the demand.
Major PCB design software providers are focusing on expanding their presence across emerging economies in Asia Pacific and Latin America. Strategic collaborations with PCB manufacturers and contract design houses are helping global players penetrate regional markets.
Market Drivers
Increasing electronics content in automobiles - With the adoption of advanced driver-assistance systems, in-vehicle infotainment, and electrification of vehicles, the electronics content per vehicle is growing exponentially. This is generating strong demand for PCB design and layout software in the automotive industry.
Miniaturization of electronic devices - Continuous reduction in the size of electronic products while adding more functionalities has increased the complexity of PCB designs. Sophisticated PCB design software allows developing densely packed boards for miniaturized devices.
Rise of IoT and embedded systems - Proliferation of IoT applications and need for embedded systems in various sectors is driving the demand for low-cost, compact, and application-specific PCBs. This augments the requirement for PCB design software.
Market Restrain
High costs associated with advanced EDA tools - Leading PCB design solutions offer a wide range of advanced features but come at a high price, especially costly CAD tool suites. This makes them unaffordable for small companies and prototyping activities.
Shortage of design engineers - There exists a lack of engineering talent proficient in using sophisticated PCB design tools. Companies find it challenging to hire candidates with relevant expertise, which hinders the adoption of advanced EDA software.
Segment Analysis
The PCB Design Software Market Demand is dominating by two main segments- personal computers based PCB design software and standalone workstation based PCB design software. The personal computers based PCB design software segment accounts for around 70% of the total market share as software under this segment are more affordable than standalone workstation based software. These software can be easily used by students and hobbyists for their small PCB designing projects due to affordable pricing and compatibility with personal computers.
Global Analysis
Asia Pacific region is the fastest growing region in the global PCB design software market during the forecast period. This is majorly attributed to expanding electronics industry and presence of major consumer electronics manufacturers in countries like China, Japan, South Korea, Taiwan etc. Rising electronics export along with growing demand for home appliances and smartphones across countries like India, Indonesia etc is boosting demand for PCB design software in Asia Pacific region. North America holds the largest share in the global market, mainly driven by developed electronics industry and presence of major PCB design software developers in the US.
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