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PCB Design Software Market Share

ID: MRFR//4644-CR | 100 Pages | Author: Ankit Gupta| May 2023

PCB Design Software Market Share Analysis

Printed circuit boards (PCBs) play a crucial role in the contemporary era where technology has become an integral part of daily life. Consumer electronics stand out as the primary sector where PCBs find widespread application, meeting the needs of millions of individuals globally who rely on electronic devices as essential components of their daily routines. Whether it's a mobile phone, computer, microwave, or even a coffee maker, a majority of household appliances and entertainment systems incorporate a circuit board. The extensive use of PCBs in various sectors, including consumer electronics, medical, automotive, and military industries, is driving the demand for PCB design software. Manufacturers favor PCB design software due to its ability to facilitate the phased or segmented design of products with reduced time requirements. The consumer electronics industry emerges as the largest end-user of PCB design software, with a notable inclination toward miniaturization and the use of high-density interconnect (HDI) devices in products like smartphones and wearables. This trend sustains the demand for advanced PCB design software. The rise of smart cars, incorporating IoT and artificial intelligence, is anticipated to spur robust demand for PCB design software. Additionally, the medical and defense sectors are poised to adopt PCB design software on a large scale, indicating the software's versatility across diverse industries. As per the India Cellular & Electronics Association (ICEA), the average share of Printed Circuit Board Assembly (PCBA) to the Bill of Materials (BoM) is around 40%, contributing to a USD 600 billion global PCBA market. The consumer electronics market encompasses various segments witnessing increasing consumer adoption, including mobile phones, tablets, notebooks, desktop PCs, smart TVs, audio devices, video and music streaming devices, as well as consumer appliances like washing machines, refrigerators, air conditioners, and heaters. This vast consumer electronics market is a pivotal factor driving the growth of PCB design software solutions. Considering the evolving expectations of the workforce and the increasing automation in the automotive and healthcare sectors, market players are advancing their offerings in these end-use verticals. The trends of evolving workforce expectations and heightened automation resonate across the automotive and healthcare industries, prompting market players to reassess their strategies to better cater to customer needs and foster growth.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2019-2021
Forecast Period 2023-2032
Growth Rate 11.9 % (2023-2032)
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