PCB Design Software Market to Reach $4B by 2023


Reading time ( words)

The PCB design software market is expected to grow at a CAGR of around 26% from 2018 to 2023 to reach $4 billion by the end of the forecast period, according to a new report by analyst firm Market Research Future (MRFR).

At present, North America is dominating the PCB design software market due to the increased investments R&D. The U.S. has seen tremendous growth in the semiconductor industry and is anticipated to attain more growth during the forecast period.

The European PCB design software market is estimated to grow due to the investments from automotive companies to adopt the software.

Meanwhile, the market in Asia Pacific is expected to attain the highest growth during the forecast period due to various government initiatives in India and strong enterprise investments in China. The increasing adoption of automation and enormous opportunities across industries in the APAC countries is fueling the advancement in the PCB design software market, according to the report.

Share


Suggested Items

Experts Discussion: What Does 5G Mean to Materials and EDA Tools?

06/06/2018 | Andy Shaughnessy, Design007 Magazine
Whether we’re ready for it or not, 5G technology is coming. We decided to speak with John Hendricks, market segment manager for wireless infrastructure at Rogers Corporation, and Ben Jordan, director of product and persona marketing for Altium, about the challenges related to 5G and what this means for PCB designers and fabricators.

Zuken Pulling Ahead in Automotive PCB Design

05/07/2018 | Andy Shaughnessy, Design007 Magazine
Zuken has been developing PCB design tools for the automotive market for years. With automotive electronics worth over $200 billion globally, and growing every day, Zuken is preparing for a brave new world of smart cars, and autonomous and electric vehicles. I spoke with Humair Mandavia, chief strategy officer with Zuken, and asked him about the challenges facing automotive PCB designers, and the trends he’s seeing in this constantly evolving segment of the industry.

Out-of-the-Box Innovation Strikes a Chord at NAMM 2018

02/09/2018 | Dick Crowe, I-Connect007
The National Association of Music Merchants (NAMM) holds two shows each year; the first is in Anaheim in January, and the second in Nashville in July. The January show is huge, attracting 100,000 visitors during its four-day run. My friend and editor (and bass player) Dan Feinberg has discussed how difficult it was for him to cover the CES show in a few days, and I must echo that sentiment about NAMM. It is one gigantic show.



Copyright © 2018 I-Connect007. All rights reserved.