PCB Design Software Market: Defence Industry Expected to Register Highest Growth Rate Through 2026: Global Industry Analysis and Opportunity Assessment, 2016-2026
- REP-GB-854
- 2016-11-03
- 164 Pages
- Format:
- Category: Electronics, Semiconductors, and ICT
PCB design software is used by engineers for designing the printed circuit board on a device, using various features that aim to address issues an engineer faces such as those related to signal and power integrity, while designing a PCB and ease the overall designing process. PCB design software is integrated with other related software such as PLM, which helps engineers to better understand designs and layouts of PCBs. FMI forecasts the global PCB design software market to increase at 12.9% CAGR during the forecast period 2016-2026, and reach US$ 4,755.1 Mn in revenues by 2026 end.
Ease of designing a circuit and savings in cost and time are the main factors stimulating the use of PCB design software
Need to reduce time and eliminate issues faced during product development are factors that are driving the demand for global PCB design software market. Consumer electronics industry dominates in the end-user segment, because of rising popularity of smartphones and smart wearable devices globally. Before designing a PCB, an engineer must consider a number of aspects such as input signals, desired output and error tolerance. With PCB design software, an engineer can simulate the circuit design and can get an idea about real-time issues associated with applying the circuit. This saves time for the engineer, as potential errors can be addressed before building the physical prototype. These are features and benefits driving increasing adoption of PCB software in the global market.
Building a circuit involves implementing multiple wires and components. When the circuit built is complex, the number of wires and components also increases, which increases the probability of introducing errors. Using a PCB design software with features such as auto-placement, auto-routing and auto-tuning can reduce errors to a great extent and make PCB fabrication easier.
Oftentimes, after the circuit is fabricated, the engineer realizes that a component has been placed incorrectly and has to rebuild the entire prototype, which takes additional time and resources. With PCB design software, an engineer can modify the design or replace components at any time, without incurring additional loss, which is a primary factor expected to continue drive adoption of PCB software over the forecast period.
While designing PCBs using software reduces efforts significantly, the software fails to meet every engineer’s expectations owing to varying requirements related to power and signal integrity etc. Software offering capability to address all required features are significantly complex to operate, and understanding them can be a very time consuming process.
Many PCB design software are available online for free and offer a variety of features. Moreover, in countries such as China, Russia and the U.S., use of pirated software is relatively common, which is resulting in companies being forced to offer software at lower prices. This is a major factor expected to restrain growth of the global PCB design software market.
Market Segmentation
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By End User |
By Region |
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Mainstream software is estimated to account for a maximum market share due to its advanced features and affordability
Among all the types, mainstream software is estimated to account for maximum market revenue share by 2026, owing to the fact that it advanced features in the software at an affordable price. Moreover, demand for mainstream software is estimated to witness highest growth rate by 2016, followed by high-end software.
Revenue generated by global PCB design software market is estimated to reach US$ 1,409.3 Mn by 2016, witnessing an increase of 10.7% over 2015. Mainstream software is estimated to hold the largest share among the different types of PCB design software, for global PCB design software market by value by 2016, accounting for US$ 669.1 Mn by 2016, up from US$ 599.9 Mn in 2015.
Defence industry is poised to register the highest growth rate during the forecast period
In the end-user segment, defence industry is estimated to register the highest growth rate in the forecast period, followed by automotive industry. Increasing adoption of UAVs in defence industry and introduction of automated cars in automotive industry are factors expected to drive the growth of global PCB design software market in the respective industries.
North America region is expected to the largest revenue generator for global PCB design software market
Market in North America region is expected to be the largest revenue generator for global PCB design software market by 2026, and is expected to account for a revenue share of 37.0% by 2016, owing to the increasing investments in research and development. Region-wise, market in Asia Pacific excluding Japan, is estimated to be the second largest global PCB design software market with market revenues expected to be worth US$ 261.3 Mn by year 2016.
Key market players are adopting partnerships and mergers as a strategy to strengthen their foothold in the market
Some popular vendors such as Cadence Design Systems, Inc., Mentor Graphics Corporation, Zuken Inc. etc. are focusing on partnerships and acquisitions & mergers to consolidate their position in the market. PCB design software vendors are coming up with innovative features in the software which are designed to ease the PCB design process, and distinguish their product from competitor’s products.
The report “PCB Design Software Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” presents a 10-year forecast of the global PCB design software market between 2016 and 2026. This comprehensive study reveals the market trends and market dynamics expected to positively impact the current environment and future scenario of the global PCB design software market over the forecast period (2016 – 2026). Our primary objective is to offer insights into the key developments in the global PCB design software market that are gradually helping transform global businesses.
Report description
The report, global PCB design software market, lists three types of PCB design software; high-end software, mainstream software and, low-end software, and studies their demand and forecast across various applications for the period of 2016 - 2026 in the global market.
To understand and assess the demand and opportunities in this market, the report is categorically split into three major sections, namely market analysis – by type, by end-user, and by region. The report analyses the global PCB design software market in terms of market value (US$ Mn).
The report starts with market overview and provides market definition and analysis about the drivers, restraints, opportunities, and key trends in the market. The following sections include analysis of the global market – by type, by end-user, and by region. All the three sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with the forecast provided for 2016–2026.
The global PCB design software market is segmented as follows:
- By Type
- By End-user
- By Region
On the basis of type, the market is segmented into:
- High-end software
- Mainstream software
- Low-end software
On the basis of end-user, the market is segmented into:
- Computing industry
- Consumer electronics industry
- Communication industry
- Medical industry
- Automotive industry
- Defence industry
This section analyses the market on the basis of end-users and presents comprehensive market size details in terms of value over the forecast period.
Regions covered in the report include:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
This section analyses the market on the basis of region and presents comprehensive market size details in terms of value over the forecast period.
In the final section of the report, we have included a dashboard view of leading companies operating in the global PCB design software market to compare the current market scenario and their contribution to the global PCB design software market. This section is primarily designed to provide an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the global PCB design software marketplace. Detailed profiles of PCB design software companies are also included in the report to evaluate their long– and short–term strategies, key product offerings, and recent developments in the global PCB design software market.
Research methodology
To ascertain the global PCB design software market size, we have taken into account the revenue generated by various manufacturers. The forecast presented in our report assesses the total revenue generated by value across the global PCB design software market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global PCB design software market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analyses based on supply side, downstream industry demand, and the economic envelope. Given the ever-fluctuating nature of the global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth rate to understand market predictability and identify the right opportunities across the global PCB design software market.
We have also analysed the different segments of the global PCB design software market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global PCB design software market. Another key feature of our report is the analysis of key segments in terms of absolute dollar opportunity, critical in evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective in the global PCB design software market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report. Further, to understand key market segments in terms of growth and adoption for PCB design software globally, we have developed the global PCB design software market attractiveness index to help providers identify real market opportunities in the global PCB design software market.