PCB Design Software Market to See Growth of 26% CAGR over 2018-2023
July 31, 2019 | Globe NewswireEstimated reading time: 1 minute
The global PCB Design Software market is predicted to grow at a 26% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. The PCB design software is utilized to design and manufacture advanced medical electronic devices, communication systems, industry control systems, building automation, and automotive electronic devices. It mounts electronic components such as ICs, capacitors, resistors, and transistors.
Through this software, enterprises possess the ability to test the working of circuits and offering visualization. The PCB software offers design engineers the ability to enhance the rate of production and also scalable integration of complex circuit designs.
PCB design software has a wide range of application in various industries including automotive, medical and healthcare, communication devices, and building and construction industry. PCB is used in almost every electronic component, thereby making it a crucial part of the electronics industry. As this software allows visualization of a PCB, it makes the development of the product more efficient.
Various factors are propelling the PCB Design Software Market growth. These factors, as specified by the Market Research Future (MRFR) report, include burgeoning demand for smart technologies, growing applications of semiconductors, and increasing need for eco-friendly circuit boards.
On the contrary, availability of pirated software, rapid introduction of new technologies, and lack of skilled personnel are factors that may hamper the PCB design software market growth over the forecast period.
Suggested Items
NY CREATES Receives $4.7M National Science Foundation Grant to Launch Semiconductor Workforce Development Program
09/30/2024 | NY CREATESThe New York Center for Research, Economic Advancement, Technology, Engineering, and Science (NY CREATES) announced today it has been awarded a $4.7 million grant from the National Science Foundation (NSF) to support the establishment of the Education Alliance for Semiconductor Experiential Learning (EASEL) program.
CIMS to Showcase Advanced Solutions at TPCA 2024
09/30/2024 | CIMSCIMS, a leading provider of inspection solutions for the electronics manufacturing industry, will be exhibiting at the Taiwan Printed Circuit Association (TPCA) 2024 exhibition in Taipei from October 23-25.
AT&S CEO Function to Be Newly Advertised
09/30/2024 | AT&SFollowing the stepping down of Andreas Gerstenmayer from his position as CEO of the Austrian technology company AT&S on Monday due to personal reasons, AT&S is launching a CEO search.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
09/27/2024 | Nolan Johnson, I-Connect007If you know Dave Hoover of TTM, then I am honored to inform you that he has retired from the industry as of this week. But we can keep tabs on him through his weekly online blues radio program “Groovy Hoovy’s Different Shades of Blue Radio and Video Show.” Congratulations on your transition to “civilian” life, Dave.
Nano Dimension to Acquire Markforged, Leading AM Player
09/26/2024 | Nano DimensionNano Dimension Ltd. and Markforged Holding Corporation jointly announced that they have entered into a definitive agreement pursuant to which Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction for $5.00 per share.