PCB Design Software Market to See Growth of 26% CAGR over 2018-2023


Reading time ( words)

The global PCB Design Software market is predicted to grow at a 26% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. The PCB design software is utilized to design and manufacture advanced medical electronic devices, communication systems, industry control systems, building automation, and automotive electronic devices. It mounts electronic components such as ICs, capacitors, resistors, and transistors.

Through this software, enterprises possess the ability to test the working of circuits and offering visualization. The PCB software offers design engineers the ability to enhance the rate of production and also scalable integration of complex circuit designs.

PCB design software has a wide range of application in various industries including automotive, medical and healthcare, communication devices, and building and construction industry. PCB is used in almost every electronic component, thereby making it a crucial part of the electronics industry. As this software allows visualization of a PCB, it makes the development of the product more efficient.

Various factors are propelling the PCB Design Software Market growth. These factors, as specified by the Market Research Future (MRFR) report, include burgeoning demand for smart technologies, growing applications of semiconductors, and increasing need for eco-friendly circuit boards.

On the contrary, availability of pirated software, rapid introduction of new technologies, and lack of skilled personnel are factors that may hamper the PCB design software market growth over the forecast period.

Share

Print


Suggested Items

Meet Patrick Crawford, I-Connect007 Columnist

05/13/2020 | I-Connect007 Editorial Team
Meet Patrick Crawford, one of our newest I-Connect007 columnists! Patrick’s columns will provide updates on IPC Design activities. He is currently the liaison to the Design Community Leadership, the industry leadership group of IPC Design. Patrick and the Design Community Leadership work to develop the IPC Design program as IPC redoubles its efforts to serve the printed board design engineering industry.

The Formation of the Printed Circuit Engineering Association

04/02/2020 | Patty Goldman, I-Connect007
Patty Goldman spoke with Gary Ferrari, FTG Corporation, at IPC APEX EXPO 2020 about the formation of the Printed Circuit Engineering Association, which—having been started two months ago—has attained lots of interest from the industry. The PCEA hopes to bring together designers, engineers, fabricators, assemblers through local chapters to focus mainly on education and learning.

Meet John Watson, I-Connect007 Columnist

01/21/2020 | I-Connect007 Editorial Team
Meet John Watson, CID, one of our newest I-Connect007 columnists! John has been in the electronics industry for 40 years, with 20 of them being in PCB design, and is now a senior PCB engineer for Legrand Corporation. Read "Elementary, Mr. Watson" in Design007 Week Newsletter.



Copyright © 2020 I-Connect007. All rights reserved.