10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “PCB Software Market By Deployment (On-Premise and Cloud-Based), By Type (PCB layout and Schematic Capture), and By Industry Verticals (Consumer Electronics, Telecommunication, Automotive, Aerospace & Defence, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global pcb software market is predicted to be valued at approximately USD 1,136 million in 2018 and is expected to reach a value of around USD 2,352 million by 2027, at a CAGR of around 8.44 % between 2019 and 2027.
PCB software is a highly effective tool utilized for developing the printed circuit boards. The product is a layout of the printed circuit boards of electronic equipment and finds myriad applications in different electronic parts like integrated circuits, transistors, and resistors. In a few of the electrical instruments, PCBs are utilized in the form of passive switch boxes. Moreover, the growing popularity of consumer electronic items, swift urbanization, and large-scale industrialization have enhanced the need for electronic parts in the spectrum of industries. Additionally, increasing per capita income in developing countries and consistent increase in smart electronic equipment demand is predicted to impel the expansion of the PCB software business over the forecast timeline.
Browse the full “PCB Software Market By Deployment (On-Premise and Cloud-Based), By Type (PCB layout and Schematic Capture), and By Industry Verticals (Consumer Electronics, Telecommunication, Automotive, Aerospace & Defence, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/pcb-software-market-by-deployment-on-premise-and-125
PCB is a routinely supported printed circuit board that makes use of conductive tracks in order to attach electronic or electrical parts. A non-conductive surface also possesses one or more than one copper sheet layers covered between two sheet layers. The electronic or electrical parts are typically fused to the PCB for linking them electrically and attaching them to PCB in a mechanical way.
Escalating demand for consumer electronics to steer the market demand
The massive use of consumer electronics items is expected to steer the expansion of the PCB software industry during the period from 2019 to 2027. Moreover, swift industrialization and urbanization are predicted to result in the enhanced demand for electronic parts. Moreover, the rise in disposable income across the emerging countries will propel the demand for consumer electronics items during the forecast period. Nonetheless, unnecessary operations like tracking bidirectional equality between schematics & PCB produces problems. Moreover, cost-effective EDA systems not including interfacing schematic editor and simulation software are predicted to obstruct the growth path of the market during the forecast period. However, 3D printing systems for PCB along with PCB auto places will create lucrative growth avenues for the market and nullify the market hindrances over the forecast timeline.
On-Premise segment to lead the deployment landscape by 2027
The growth of the segment during the forecast period is credited to large-scale deployment of the PCB software via an On-Premise way.
Consumer electronics segment to contribute massively towards the overall market revenue share by 2027
The segmental growth during the period from 2019 to 2027 is credited to the massive use of the PCB software in consumer electronics goods.
Asia Pacific to dominate the overall regional market growth during the forecast period
The regional market surge during the forecast timeline is credited to the introduction of the favorable government schemes in countries like India along with huge funding for producing PCB software by large & small firms in China. Apart from this, growing automation has unfurled or revealed new growth avenues for the market players in the region.
Some of the key players in the market include Altium LLC, Autodesk Inc., Cadence Design Systems, Inc., KiCad, Mentor, Novarm Limited, Synopsys, Inc., WestDev, and Zuken.
This report segments the PCB Software market as follows:
PCB Software Market: By Deployment Segment Analysis
PCB Software Market: By Type Segment Analysis
- PCB layout
- Schematic Capture
PCB Software Market: By Industry Verticals Segment Analysis
- Consumer Electronics
- Aerospace & Defence
PCB Software Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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