PCB Design Software Market Size, Share, Growth & Industry Analysis, By Component (Software andServices), By Deployment (On-Premises and Cloud), By Application (Consumer Electronics, Telecommunication, Automotive, Aerospace & Defense, Healthcare, and Others), and Regional Analysis, 2024-2031

PCB Design Software Market Size

The global PCB Design Software Market size was valued at USD 3,531.9 million in 2023 and is projected to grow from USD 3,937.7 million in 2024 to USD 9,242.2 million by 2031, exhibiting a CAGR of 12.96% during the forecast period. In the scope of work, the report includes solutions offered by companies such as Altium Limited, ANSYS, Inc, Autodesk Inc., Cadence Design Systems, Inc., KiCad, Siemens, Ucamco, Zuken, DOWNSTREAM TECHNOLOGIES, LLC., NATIONAL INSTRUMENTS CORP. and others.  

The growth of the market is propelled by the increasing demand for advanced design tools to meet evolving technological requirements, innovations such as AI-enabled design capabilities and simulation tools, and the strategic imperative for businesses to streamline processes and enhance efficiency in a competitive landscape.

The PCB design software market is positively impacted by technological advancements, increasing demand for miniaturized electronic devices, and the growing adoption of automation across various industries. Additionally, the rise in electronic component complexity and the pressing need for efficient design solutions are fueling market growth. Moreover, the expansion of IoT and the automotive sector propel the demand for PCB design software, as these industries require sophisticated circuitry and layout designs to meet their requirements for connectivity and functionality.

• According to the Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle sales in India increased 26.73% in the FY 2022-2023 when compared to the previous fiscal year. This highlights the rapid growth of the automotive industry in the fastest economy in the Asia-Pacific.

The PCB design software tools aid in the creation, modification, and analysis of PCB layouts, helping engineers and designers develop efficient and reliable electronic systems. The market includes a wide range of offerings, from basic entry-level tools to advanced solutions with comprehensive features for complex designs. Additionally, the market is characterized by intense competition among major players, driving continuous innovation and the development of new features to meet evolving industry needs.

The market refers to the segment of the electronic design automation (EDA) software market dedicated to providing tools and solutions for designing printed circuit boards (PCBs). These software applications enable engineers and designers to create schematic designs, place components, route traces, and perform various analyses to ensure the functionality, reliability, and manufacturability of PCBs.

The market encompasses both standalone PCB design software packages and integrated suites within broader EDA software platforms. Key players in the market include software vendors offering specialized PCB design solutions, as well as larger EDA companies providing comprehensive design and simulation tools for the entire electronic product development process.

Analyst’s Review

Manufacturers operating in the market are making significant strides to meet the evolving needs of consumers. Key efforts by manufacturers include the integration of advanced features such as AI and machine learning algorithms to enhance design automation and optimize performance. Additionally, they are focusing on developing user-friendly interfaces and cloud-based solutions to improve accessibility and collaboration among design teams.

Furthermore, the market is witnessing the introduction of new products aimed at addressing specific industry requirements, such as high-speed signal integrity analysis and 3D modeling capabilities. In light of these developments, stakeholders are prioritizing investments in advanced PCB design tools and leveraging cloud-based platforms for enhanced productivity and efficiency in the design process.

• For instance, in August 2023, Zuken released the CR-8000 2023, which included significant improvements for high-density, high-speed PCB designs. The update featured enhanced tools for signal integrity, power integrity, and EMC analysis, streamlined design integration, and better information security. It also introduced efficient design reuse capabilities, expanded routing features, and comprehensive analysis tools, demonstrating Zuken’s commitment to advancing electronic design automation solutions.

PCB Design Software Market Growth Factors

The increasing demand for high-speed and high-density electronic devices contributes to the growth of the PCB design software market. The continued advancement of technologies is resulting in a growing need for PCB designs that support faster data transmission rates and accommodate more components in smaller form factors.

This demand is particularly boosted by industries such as telecommunications, automotive, and consumer electronics, which require PCBs capable of handling complex circuitry without compromising performance or reliability. To address this surging demand, software developers are continuously enhancing their PCB design tools to support advanced features such as high-speed signal integrity analysis, efficient routing algorithms, and 3D modeling capabilities.

A significant challenge faced by the PCB design software market is the complexity of designing for emerging technologies such as 5G, IoT, and AI, which demand highly specialized expertise and resources. To overcome this challenge, industry players are investing heavily in the development of user-friendly design tools with intuitive interfaces and built-in automation features.

Additionally, collaboration and knowledge-sharing platforms are being established to facilitate communication among designers and provide access to expert guidance and best practices. Moreover, comprehensive training and educational programs are being offered to equip engineers with the skills and knowledge required to tackle the complexities asscoaited with designing cutting-edge applications.

PCB Design Software Market Trends

A notable trend shaping the market landscape is the increasing integration of artificial intelligence (AI) and machine learning (ML) capabilities into design tools. AI and ML algorithms are being utilized to automate routine design tasks, optimize PCB layouts, and predict potential design flaws or performance issues.

This trend is fostered by the surging need for faster design iterations and improved design quality, as well as the growing complexity of modern electronic systems. Leveraging AI and ML, helps designers streamline the design process, reduce time-to-market, and enhance the overall reliability and performance of PCBs.

The growing shift toward cloud-based design solutions impacts the PCB design software market. Cloud computing offers several advantages, including increased accessibility, scalability, and collaboration capabilities. This includes design teams working collaboratively on PCB projects from different locations, ensuring simultaneous access to the same design data in real-time.

Additionally, cloud-based design tools eliminate the need for costly hardware investments and software installations, thereby providing a more cost-effective and flexible solution for design teams of all sizes. Moreover, cloud-based platforms often offer built-in version control and data management features, thereby significantly enhancing productivity and efficiency in the design process.

Segmentation Analysis

The global market is segmented based on component, deployment, application, and geography.

By Component

Based on component, the market is categorized into software and services. The software segment led the PCB design software market in 2023, reaching a valuation of USD 2,786.5 million. This growth is primarily fueled by increasing demand for advanced design tools to meet evolving technological requirements.

Companies across various industries are prioritizing software solutions to streamline their PCB design processes, enhance efficiency, and reduce time-to-market. Additionally, innovations such as AI-enabled design capabilities and simulation tools are further propelling the growth of this segment, catering to the ever-growing complexity of electronic systems.

By Deployment

Based on deployment, the market is classified into on-premises and cloud. The cloud segment is set to witness significant growth at a CAGR of 13.42% through the forecast period (2024-2031). This surge is primarily attributed to the inherent advantages of cloud-based solutions, including scalability, flexibility, and cost-effectiveness.

The proliferation of remote work and collaborative design processes is highlighting the advantages of cloud-based PCB design platforms that offer seamless accessibility and real-time collaboration capabilities, leading to their widespread adoption across various industries. Furthermore, advancements in cloud technology, such as enhanced security measures and improved performance, are instilling confidence among businesses, thereby supporting the expansion of the segment.

By Application

Based on application, the market is segmented into consumer electronics, telecommunication, automotive, aerospace & defense, healthcare, and others. The consumer electronics segment secured the largest PCB design software market share of 28.57% in 2023. This expansion is facilitated by the growing integration of electronics in consumer devices and innovation in this sector.

Consumer electronics manufacturers are working to introduce cutting-edge products with enhanced features and functionalities, resulting in the increased demand for sophisticated PCB designs. Moreover, evolving consumer preferences toward compact, lightweight, and energy-efficient devices necessitate intricate PCB layouts and optimized designs, thus bolstering the growth of the segment.

Additionally, the proliferation of IoT devices and wearables is amplifying the need for customized PCB solutions tailored to specific applications, contributing to the robust growth of the consumer electronics segment.

PCB Design Software Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

The Asia-Pacific PCB design software market accounted for a share of around 36.94% in 2023, with a valuation of USD 1,304.7 million. This considerable progress is fostered by the region's robust electronics manufacturing industry, particularly in countries such as China, Japan, and South Korea, which are major hubs for consumer electronics, automotive, and telecommunications sectors.

Additionally, the increasing adoption of advanced technologies and the presence of numerous PCB manufacturers and design firms in the region aid market expansion. Government initiatives supporting industrial digitization and increased investments in R&D further stimulate the growth of the Asia-Pacific market.

North America is poised to experience significant growth at a CAGR of 12.85% through the projection period. This notable growth is propelled by the strong presence of leading technology companies and a well-established semiconductor industry. The region's emphasis on innovation and early adoption of advanced design tools and methodologies contribute significantly to regional market expansion.

Furthermore, increasing investments in IoT, AI, and other emerging technologies fuel the demand for sophisticated PCB designs. Government support for high-tech industries and a focus on enhancing domestic manufacturing capabilities further play crucial roles in driving the growth of the North America PCB design software market.

Competitive Landscape

The PCB design software market report will provide valuable insight with an emphasis on the fragmented of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

Manufacturers are adopting a range of strategic initiatives, including investments in R&D activities, the establishment of new manufacturing facilities, and supply chain optimization, to strengthen their market standing.

List of Key Companies in PCB Design Software Market

• Altium Limited
• ANSYS, Inc
• Autodesk Inc.
• Cadence Design Systems, Inc.
• KiCad
• Siemens
• Ucamco 
• Zuken
• DOWNSTREAM TECHNOLOGIES, LLC.
• NATIONAL INSTRUMENTS CORP.

The global PCB design software market is segmented as:

By Component

• Software
• Services

By Deployment

• On-Premises
• Cloud

By Application

• Consumer Electronics
• Telecommunication
• Automotive
• Aerospace & Defense
• Healthcare
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America