PCB Design Software Market Trends
Growth Drivers
- Increasing Demand for Smart Technologies– PCB design software is used with smart technology to enable more efficient production of printed circuit boards. The software reduces the possibility of errors leading to PCB errors, defects, etc. For instance, according to the Semiconductor Industry Association (SIA) demand for semiconductors remained strong, with year-over-year sales growth across all major geographic markets and product categories. SIA represents roughly two-thirds of non-U.S. chip companies and 99% of the U.S. semiconductor industry's revenue.
- Increasing Demand for HDI and Ultra HDI PCBs – High-density interconnects (HDI) PCBs are smaller and lightweight than other PCBs and offer high-speed and reliable signals. Furthermore, they have improved wiring density and lower smaller trace widths, which offer engineers to stuff more power and functionality into little space. This feature enables fewer layers in the PCB stack and high-speed signal transmission, reducing production expenses. Whereas ultra HDI PCBs are denser than HDI having a dielectric thickness and isolation clearances down to 50 µm, micro via diameter below 75 µm, and product characteristics that exceed the current IPC 2226 level C standard.
- Next-Generation Solutions with Cloud PCB Design Software – The cloud-based PCB design software offers all the advantages of cloud technology and makes the work of PCB designers more accurate and reliable. For instance, in April 2022, KLA Corporation launched Frontline Cloud Services, a software solution that accelerates design for manufacturing (DFM) analysis and time-to-market (TTM) for complex printed circuit boards (PCBs). The difficulty of designing exceedingly complicated PCBs is addressed by this new cloud-based SaaS service, an industry breakthrough.
Challenges
- Wide Presence of Open-Source PCB Design Software – Open-source PCB design software can pose several significant challenges - from unexpected costs and steep learning curves to complex compatibility issues. The majority of open-source vulnerabilities are caused by erroneously designed code that has gaps in it that an attacker might exploit to commit crimes like stealing confidential information or breaking a system.
- Rapid Introduction of New Technologies
- Use of pirated software and a lack of skilled personnel
PCB Design Software Market: Key Insights
Regionally, the global PCB design software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest market share of 38.28% by the end of 2028 and further reach a revenue of USD 757672.4 Thousand in the same year. Amongst the countries in the region, the market in the United States is expected to grow with the highest CAGR of 7.2% during the forecast period. The growth of the market in the region can be attributed to the growing semiconductor industry in the country, and for the rapid adoption of automation systems, which is driving the need to design advanced circuit boards.
Further, the market in Europe is expected to hold the second leading stance by attaining a market revenue of USD 601351.9 Thousand by the end of 2028, up from USD 359100 Thousand in 2019. Growing demand for multi-board designing applications in the end user industries, increasing research and developments in the field of science and technology, and for the growing need amongst engineers to effectively create circuit boards are some of the major factors anticipated to drive the market growth in the region. The market in the region is segmented on the basis of country into Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and Rest of Europe, out of which, the market in Germany is expected to hold a significant market share of 18.65% and further attain a market revenue of USD 112151.5 Thousand by the end of 2028, up from USD 66074.4 Thousand in 2019. The market in France, on the other hand, is expected to grow with the highest CAGR of 8.1% during the forecast period.
The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
1.7% |
|
Base Year Market Size (2024) |
USD 3.13 billion |
|
Forecast Year Market Size (2037) |
USD 3.9 billion |
|
Regional Scope |
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