PCB Design Software Market Share Investment opportunities, Strategic Assessment
Posted by Sakshi Mishra on May 16th, 2021
Printed circuit board (PCB) design software is used by electronic engineers for designing the circuit of a device. The complications with mounting various components and rise of miniaturization of electronic components can drive the use of software for completing deadline-driven projects in a short duration. The global PCB design software market report by Market Research Future (MRFR) has been compiled with estimations for growth, revenue, and figures for volume and value for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry has been analyzed as a key factor.
Vendors providing the PCB design software are focusing on reducing the design time used to prepare the construction layout, which is expected to enable the growth of global PCB Design Software Market. The software offers the design engineers with the ability to enhance production rate and scalable integration of complex circuit designs.
By design complexity, the market is segmented into low end, medium end and high-end design.
By type, the market is segmented into PCB layout and schematic capture.
By deployment type, the market is divided into on-cloud and on-premise. The on-cloud segment is likely to drive the revenue streams of the market owing to increasing digitization in major industrial sectors. The popularity of cloud and its capacity to scale enterprises and its use in handling large memory caches can bode well for the market.
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By industry, the market is segmented into consumer electronics, industrial automation & control, telecommunications, semiconductors, aerospace & defense, healthcare, transportation, and education & research. The aerospace & defense sector is predicted to generate revenue for the global PCB design software owing to inroads made in 3D visualization and printing. This can attract new investments due to many space exploration companies requiring highly functional devices in outer realms of space. In addition, the use of drones for monitoring and tracking of vehicles and machines can provide the segment a much-needed impetus.
The geographical analysis of user activity monitoring market is studied for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
At present, North America is dominating the PCB design software market due to the increased investments from economies into research and development which drives the growth of the market. The U.S. has seen tremendous growth in the semiconductor industry and is anticipated to attain more growth during the forecast period. On the other hand, the European PCB design software market is estimated to grow due to the investments from automobile companies.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Novarm, Synopsys Inc., SolidWorks, Zuken Inc., Cadence Design Systems, Mentor Graphics, CadSoft, Shanghai Tsingyue, Altium, and Forte Design Systems Inc. are key players of the global PCB design software market.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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