Growth of the Global PCB-Design-Software Market to be Propelled by Growth of Consumer Electronics Industry and Emergence

The global PCB-design-software market is projected to grow at a CAGR of approximately 11% from 2022-2031.

Kenneth Research published a report titled PCB-Design-Software Market: Global Demand Analysis Opportunity Outlook 2031 which delivers a detailed overview of the PCB-design-software market in terms of market segmentation by design complexity, component type, deployment, enterprise size, industry vertical, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global PCB-design-software market is projected to grow at a CAGR of approximately 11% from 2022-2031. The market is segmented by industry vertical into aerospace and defense, mobile devices, IT and telecommunications, consumer electronics, health care and life science, automotive, transport and logistics, research and education, industrial controls automation and others. Among these the consumer electronics segment is expected to hold the largest market share by the end of 2031, owing to the development of the consumer electronics industry. PCB is an important part of any consumer electronic device as it enables the communication between different components of the device. Thus, with the increased production and use of consumer electronic devices, there is an increased demand for PCBs (Printed Circuit Board), and PCB-design-software help in the quick manufacturing of these boards to meet the demand.

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The global PCB-design-software market is projected to hold a huge revenue by 2031 growing from about USD 2 billion in 2021. The market growth can be ascribed to the boom in consumer electronics industry, sudden emergence of IoT (Internet of Things), extensive demand for semiconductors, increased production of medical devices, immense growth of the communication devices, and increased production and use of automotives.

The global PCB-design-software market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America is expected to hold the largest market share by the end of 2031, backed by high ranking in technological innovations and growth of the various industries that demand the use of high-speed analog circuits, including education, health care, automation systems, and more.

The research is global in nature and covers detailed analysis on the market in North America (US, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, YOY growth opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc.

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Sudden Emergence of IoT to Boost Market Growth

The number of active IoT devices in 2021 was calculated to be approximately 11 billion. Further, this number is projected to surpass 25 billion in 2030. It is estimated that by 2025 close to 0.15 million IoT devices would connect to the internet per minute.

IoT is a network of physical objects for connecting and exchanging data with other devices using embedded software, sensors, or other technologies. The objects that use IoT include both day-to-day tools and sophisticated industrial tools. A well-designed PCB is an integral part of a successful IoT product. Thus, the emergence of IoT reflects an inevitable growth of the PCB-design-software market.

However, progress made to open-source PCB-design-software, stringent standards applied to PCB designing and complexity of the PCB-design-software are expected to operate as key restraints to the growth of global PCB-design-software market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the PCB-design-software market which includes company profiling of Siemens, Cadence Design Systems, Inc., Altium Limited, Cadsoft Corporation, Shanghai TsingYue Software Co., Ltd., Novarm Limited (DipTrace), Zuken USA, Inc., Synopsys, Inc., Autodesk Inc., ANSYS, Inc, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global PCB-design-software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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