by PCB design software enables engineers and manufacturers to produce printed circuit boards with precision and efficiency. These software programs allow users to create schematic diagrams, board layouts, generate netlists for manufacture and fabrication, as well as run design rule checks and electrical rule checks to ensure quality. Advanced features such as signal integrity analysis, electromagnetic compatibility simulation, and physical design enable more complex boards to be developed. Refinements in AI and machine learning are enhancing the design experience with features like predictive routing, library recommendations, and automated DRC exceptions.
The global PCB design software market plays a crucial role in accelerating product development cycles and reducing costs for electronics companies in various industries including automotive, healthcare, industrial, consumer electronics and more. It is estimated that over 80% of all new electronic products rely on PCB design software during development. Manufacturers benefit from improvements in time to market, productivity gains from automation and collaboration tools, as well as the ability to easily handle high layer counts, dense designs and advanced packaging technologies.
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, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Some of the key trends influencing the growth of the PCB design software market include advanced AI and automation, migration to cloud/SaaS models and rising circuit complexity demands. PCB design software vendors are leveraging AI to enhance routing engines, design rule checking, component matching and floorplanning automation. The shift to cloud/SaaS licensing provides more flexible access and has increased adoption rates. Meanwhile, next generation technologies like 5G, flexible hybrid electronics, advanced packaging and increasing component densities require advanced simulation, signal integrity analysis and chip-package-board co-design capabilities that new software versions aim to deliver. Suppliers are also adding support for emerging process technologies through partnerships. These trends are projected to boost spending on PCB design solutions over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the PCB design software market is fragmented with many domestic players. However, the market requires high initial investments and established distribution networks to gain foothold.
Bargaining power of buyers: The bargaining power of buyers is high. Buyers can negotiate on pricing and demand more features due to availability of various alternatives in the market.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many component providers and design software developers in the market.
Threat of new substitutes: The threat of substitutes is low as there are limited alternatives to PCB design software.
Competitive rivalry: The competitive rivalry is high due to presence of many domestic and global players competing on factors like pricing, features, and customer support.
Key Takeaways
The Global PCB Design Software Market Size is expected to witness high growth during the forecast period. 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.
The North America region is expected to dominate the market due to presence of major players and early adoption of technologies. The increasing demand from industries such as automotive, consumer electronics and telecommunications are fueling the growth of regional market.
Europe is also anticipated to hold significant market share owing to growing electronics industry. Growing automotive sector and adoption of EDA tools by SMEs will boost the Europe PCB design software market.
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, and TECNO-GAZ. Chattanooga International offers advanced digital ultrasound system for spine & muscle therapy. Humares provides non-invasive medical devices for physiological signal measurement and functional testing.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
