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PCB Design Software Market to Grow at 12.9% CAGR During 2016-2026
June 21, 2018 | Globe NewswireEstimated reading time: 1 minute
Future Market Insights delivers key insights on the global PCB design software market in a new report titled “PCB Design Software Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The global PCB design software market is anticipated to grow from $1.4 billion in 2016 to $4.7 billion by 2026, registering a CAGR of 12.9% in terms of revenue during the forecast period (2016-2026). In this report, the global PCB design software market is tracked in terms of value, and is calibrated to obtain the market revenue estimates.
PCB design software is used by engineers for designing the printed circuit board on a device, using various features that aim to address issues an engineer faces such as those related to signal and power integrity, while designing a PCB and ease the overall designing process. PCB design software is integrated with other related software such as PLM, which helps engineers to better understand designs and layouts of PCBs.
Need to ease the design process and growing complexity of circuits are factors anticipated to drive growth of the global PCB design software market over the forecast period. Growth in the end-user industries are further expected to push the demand for global PCB design software market during the forecast period. However, rapid introduction of new technologies and pirated software are major challenges expected to be faced by market players in the global PCB design software market during the forecast period.
Regional projections
The section - market analysis by region, includes an in-depth country level analysis of all global regions namely, North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa, provides market data in terms of value for 2016-2026. In 2015, market in North America region dominated the overall global PCB design software market, followed by the market in Asia Pacific excluding Japan region. The PCB design software market in Asia Pacific excluding Japan region is forecast to expand at the highest CAGR over the forecast period.
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