PCB Design Software Market Global Demand Analysis & Opportunity Outlook 2028”,which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The global electric car stock grew to 4.79 Million in 2019 from 0.22 Million in 2013, according to the statistics by the International Energy Agency (IEA).
PCB Design Software Market Statistics –
- USD 1.14 billion revenue in 2019
- The market size is projected to record a valuation of over USD 1.97 billion by 2028
- The membrane filtration industry is slated to observe 6.8% growth rate through 2019-2028
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The statistics portray the growing sales of electric vehicles worldwide, backed by the rapid advancements in these vehicles and the increasing awareness for the environment. Electric vehicles are equipped with numerous electrical components. With growing advancements in electrical technologies, EV manufacturers are increasingly updating their existing components, which is raising the need for advanced circuit board designing software. A PCB designing software allows an electrical engineer or a PCB designer to efficiently design circuit boards based on their requirement. The software minimizes the risks of a design failure and increases process efficiency. As a result, it is widely preferred by organizations. Such a factor is anticipated to drive the market growth.
The global PCB design software market is anticipated to grow with a CAGR of 6.8% during the forecast period, i.e., 2020-2028. The market is expected to grow up to USD 1979174.4 Thousand by the end of 2028, up from a revenue of USD 1140000 Thousand in 2019. On the basis of deployment, the market is segmented into cloud and on-premise. Amongst these segments, the cloud segment is anticipated to grow with the highest CAGR of 9.5% during the forecast period, whereas, the on-premise segment is expected to hold the largest market share by the end of 2028.
Geographically, the global PCB design software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is anticipated to hold the largest revenue of USD 757672.4 Thousand by the end of 2028 and also hold the largest share of 38.28% in the same year. The market is primarily driven by countries, such as the U.S., where the market is expected to grow with the highest CAGR of 7.2% during the forecast period, and also hold the largest market share by the end of 2028.
According to recent study by Research Nester, the PCB design software market size is anticipated to surpass USD 1.97 Bn by 2028 and is projected to expand at CAGR of over 6.8% from 2019 to 2028.
Major players include in the global xx market:
- Autodesk Inc.,
- Cadence Design Systems,
- Siemens AG, ANSYS,
- Altium Limited, Zuken,
- Novarm Limited (DipTrace),
- National Instruments Corporation
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However, the availability of open-source PCB design software is one of the major factors anticipated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global PCB design software market, which includes company profiling of Autodesk Inc., Cadence Design Systems, Inc., Siemens AG, ANSYS, Inc., Altium Limited, Zuken, Novarm Limited (DipTrace), National Instruments Corporation, Synopsys, Inc., and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “PCB Design Software Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall global PCB design software industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global PCB design software market in the near future.
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