By Industrial Vertical - (Industrial Automation & Control, Consumer Electronics, Aerospace & Defense, IT & Telecommunication, Healthcare and others)
The US and Europe printed circuit board (PCB) design market is segmented and analyzed for demand and supply by industrial vertical into industrial automation & control, consumer electronics, aerospace & defense, it & telecommunication, healthcare, and others. Out of the six types of industry verticals, the industrial automation & control segment is estimated to gain the second-largest market size of USD 1302.3 million at the end of 2035, by growing at a CAGR of 11.1% over the projected time frame. The segment garnered a revenue of USD 331.6 million in 2022. The growth of the segment can be attributed to the rising use of industrial automation & equipment, such as robots in industries and factories. Manufacturing in North America is rapidly embracing robotics and automation, with sales of robots reaching a record high of around 40,000 in 2021, a significant 28% increase over 2020.
Deployment Mode (On-Premises, Cloud)
The US and Europe printed circuit board (PCB) Design market is also segmented and analyzed for demand and supply by deployment mode into on-premises, and cloud. Amongst these two segments, the cloud segment is expected to garner a significant share at the end of 2035. The segment is anticipated to grow at a CAGR of 11.8% over the forecast period. Additionally, the market generated a significant market revenue in 2022. The segment growth is expected to on the account of higher adoption of cloud by the companies and rising cloud services for printed circuit board. According to the Eurostat, 42% of businesses in the EU were using cloud computing in 2021. This is a 6 percentage point (pp) increase from 2020, which is more than twice the proportion of the year 2016. Moreover, in 2021, 41% of EU businesses adopted cloud computing. Furthermore, KLA Corporation has announced the release of Frontline Cloud Services, a software programme that quickens the analysis of complicated printed circuit boards' design for manufacture (DFM) and their time to market (TTM) (PCBs). KLA is moving its tried-and-true CAM and engineering skills to the cloud, where compute power is practically limitless.
Our in-depth analysis of the global market includes the following segments:
By Component |
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By Type |
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By Deployment Mode |
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By Organization Site |
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By Industrial Vertical |
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Author Credits: Abhishek Verma
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