United States and European Printed Circuit Board (PCB) Design Markets, 2022-2023 & 2035: Booming Semiconductor Production & Increasing IoT Devices Bodes well for the Sector

DUBLIN, June 6, 2023 /PRNewswire/ -- The "US and Europe Printed Circuit Board (PCB) Design Market Outlook to 2035" report has been added to ResearchAndMarkets.com's offering.

The US and Europe printed circuit board (PCB) design market is likely to grow at a CAGR of 11% over the forecast period, i.e., 2023-2035. The market generated a revenue of around USD 2000 Million in the year 2022 and is likely to produce revenue worth of nearly USD 7000 Million by the end of 2035.

The market growth is primarily driven by an increase in the number of devices connected to the Internet of Things (IoT), and booming semiconductor production. IoT devices surpassed people in number by 2022, reaching a total of over 13 billion. Also, it is predicted that by 2025, North America will likely have close to 6 billion Internet of Things (IoT) connections.

Furthermore, the market is anticipated to rise as a result of increased sales of smart devices, an increase in the number of people using fitness bands and other wearables, and an increase in the need for automation in the industrial sector. Between 2022 and 2028, there should be a 7% growth in smartphone penetration in Europe. Moreover, penetration will reach a brand-new high of 90% in 2028.

A few factors that are projected to limit market growth include the widespread use of open-source PCB design tools, Increasing labor and raw material costs, severe semiconductor scarcity, and a broken semiconductor supply chain.

By 2035, the market for industrial automation & control segment is expected to have generated the second-highest revenue of around USD 1300 million by rising at a considerable CAGR of more than 11% over the forecast period. Additionally, the segment generated nearly USD 300 Million in revenue in 2022. There are a few aspects that are anticipated to fuel the segment's expansion, including the higher deployment of robots for automating the industry.

On the basis of region, the US and Europe printed circuit board (PCB) design market is analyzed by the markets of the United States, U.K., Germany, France, Italy, Spain, Russia, NORDIC, and the Rest of Europe. The market in United States collected the significant revenue in 2022.

By the end of 2035, it is estimated to garner a highest revenue, by growing at the CAGR of over 10% over the forecast period. The increase in the number of PCB designers and the greater number of robots deployed in various sectors to address the manpower shortage in the region are expected to drive this market expansion.

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning.

Segmentation, 2022-2035

Component

• Solution, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Services, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F

Type

• PCB Layout, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Schematic Capture, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F

Deployment Mode

• On-premises, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Cloud, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F

Organization Size

• Large Enterprises, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Small and Medium Enterprises, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F

Industry Vertical

• Industrial Automation & Control, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Consumer Electronics, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Aerospace & Defense, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• IT & Telecommunication, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Healthcare, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F
• Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2022-2035F

Some of the prominent industry leaders in the US and Europe printed circuit board (PCB) design market that are

• Dassault Systemes
• Novarm Limited
• Altium Limited
• Synopsys Inc.
• WestDev Ltd.
• ANSYS Inc.
• ZUKEN Inc.
• Siemens AG
• Cadence Design Systems Inc.
• Autodesk Inc.

Key Topics Covered:

1. An Outline of the Printed Circuit Board (PCB) Design Market

2. Assumptions and Abbreviations

3. Research Methodology & Approach

4. Summary of the Report for Key Decision Makers

5. Forces of Market Constituents

6. Key Market Opportunities for Business Growth

7. Major Roadblocks for the Market Growth

8. Decarbonization Strategy and Carbon Credit Benefit for Market Players

9. Government Regulation: How Would They Aid Business?

10. Industry Risk Analysis

11. Global Economic Outlook: Challenges for Global Recovery and its Impact on US and Europe Printed Circuit Board

12. (PCB) Design Software Market

13. Industry Pricing Benchmarking & Analysis

14. Regional Demand Analysis

15. Industry Value Chain Analysis

16. Analysis on the Recent Advancements in Printed Circuit Board (PCB)

17. Industry Vertical Analysis

18. Competitive Positioning: Strategies to differentiate a company from its competitors

19. Competitive Model: A Detailed Inside View for Investors

20. US and Europe Printed Circuit Board (PCB) Design Software Market Outlook & Projections, Opportunity

21. Assessment, 2022 to 2035

For more information about this report visit https://www.researchandmarkets.com/r/f5mkco

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets