Globalization and outsourcing of electronics manufacturing has led to adoption of PCB design software worldwide by countries that are in search of low-cost labor, thus fueling the market growth and innovation in the sector. 

NEW CASTLE, Del., Aug. 14, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “PCB Design Software Market by Component (Software and Services), Deployment (Cloud Based and On-Premise), and End User (Healthcare, Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the PCB design software market was valued at $3.8 billion in 2023, and is estimated to reach $11.1 billion by 2032, growing at a CAGR of 12.4% from 2024 to 2032.

Prime determinants of growth 

Some of the important factors propelling the growth of the PCB design software market is several technological advancements, increased demand for electronic products across various fields and a rise in the complexity of circuit boards designs. As consumer electronics, automotive, aerospace and telecommunications sectors continue to expand, there’s an increased requirement for effective and complex PCB design solutions. Also driving this demand have been technological advances such as 5G, AI, IoT and machine learning, which necessitate flexible PCB design software for new applications. Furthermore, rising trends towards miniaturization and integration of electronic components have boosted the development of sophisticated tools capable of handling intricate layouts and high-speed signals.

Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/5856

Report coverage & details: 

Buy this Complete Report (200 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/pcb-design-software-market/purchase-options

Segment Highlights 

The global PCB design software market is segmented into component, deployment mode, end user, and region. By component, the market is classified into software and services. The software segment accounted for the highest share in the global PCB design software market. Based on deployment mode, the market is bifurcated into cloud and on-premises. The cloud segment is expected to grow with the highest CAGR during the forecast period. Based on end user, the market is categorized into healthcare, consumer electronics, automotive, aerospace & defense, industrial, and other. The consumer electronics segment accounted for the highest share and is also expected to retain its dominance during the forecast period.

Regional Outlook 

Region-wise, the PCB design software market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a significant share in the global PCB design software market in 2023. There is a dire need for effective PCB design solutions given the surging demand for electronics in different industries such as consumer electronics, automotive and telecommunications. Asia-Pacific region has become a place of attraction in terms of PCB design software innovation due to its technology oriented human resource and strong manufacturing base. This has resulted in ground-breaking programs that meet different market needs coming up from China, Japan, South Korea and India which have highly invested on research and development (R&D). Moreover, this area has played a significant role in encouraging development of the PCB design software industry through embracing new trends like AI or artificial intelligence and IOT or internet of things. 

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5856

Major Industry Players: – 

• Altium Limited 
• Autodesk Inc. 
• EasyEDA 
• Cadence Design Systems, Inc.  
• Siemens  
• Labcenter Electronics 
• ANSYS, Inc 
• Zuken 
• Synopsys, Inc. 
• Novarm Limited. 

The report provides a detailed analysis of these key vendors in the global PCB design software market. These players have adopted different strategies such as new development, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, portfolio, and strategic moves of market vendors to showcase the competitive scenario.

Recent Development: 

• On February 2023, Flux announced the launch of its new online PCB design tool. This software is designed to enhance the efficiency of designing miniature PCBs for several industries such as consumer electronics and industrial equipment. 
• In April 2023, Cadence Design Systems, Inc. announced the launch of Cadence Allegro. The solution is integrated with advanced technology like AI to improve its performance and integrate automation in the PCB design software. The solution is also designed to reduce the number of days required to design a PCB compared to manual processes. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/pcb-design-software-market-to-reach-11-1-billion-globally-by-2032-at-12-4-cagr-allied-market-research-302221138.html

SOURCE Allied Market Research