July 31st, 2021
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Catch a glimpse of the ever-evolving technology industry from the lens of an electronic manufacturer.
The global PCB Design Services market is analyzed to grow at a steady rate from US$3.54 billion in 2019 to US$5.27 billion in 2025 at a CAGR of 7%. Increased adoption of smart electronics, proliferation of aerospace & defense industry, growing application in automotive industry, and rising demand from the medical industry are the major driving factors for the growth of the global PCB Design Service market.
Report Coverage & Deliverable
The global market has been segmented based on type into Low-end Design Service, Medium-end Design Service, and High-end Design Service. High-end design complexity PCB design services market recorded a revenue share of 37.3% in 2019 and is expected to reach 37.2% in 2025 owing to the increased demand from aerospace & defense and automotive industries.
North America holds the largest market share at 44.8% in the year 2019 owing to the high demand for PCB design services across end-use sectors. In the coming years Europe is expected to increase its dominance by raising its market share from 13.7% in 2019 to 14.8% in 2025 owing to strong economic growth and the increased demand from the automotive sector.
The key players in the market include TTM Technologies, Sanmina Corporation, Molex (Koch Industries), Murrietta Circuits, Mentor Graphics, Plexus Corp., IEC Electronics Corp., Benchmark Electronics Inc., Sigmatron International, Inc., and SMTC Corporation.
TABLE OF CONTENTS
Market Definition Market Segmentation Research Methodology Executive Summary Market Drivers Market Restraints / Challenges Market Opportunities PCB Design Services Market by Type PCB Design Services Market by End-users PCB Design Services Market by Region Porters Five Force Analysis Value Chain Analysis Competitive Landscape – Company Profiles Analyst Insights
Market Segmentation by Type Low-end Design Services Medium-end Design Services High-end Design Services Market Segmentation by End-user Consumer Electronics Automotive Healthcare Aerospace & Defense IT & Telecom Others (Industrial, Manufacturing, and Biotechnology) Market Segmentation by Region North America Europe Asia Pacific Middle East & Africa South America
PCB design brings electronic circuits to life in the physical form. Use of layout software in PCB design helps to combine component placement and routing for defining electrical connectivity on a manufactured circuit board. Typical PCB design process includes: component placement, PCB routing, ECAD-MCAD integration, and final design. PCB design complexity is categorized into low-end, medium end, and high-end.
Major Application of PCB Design:
Consumer Electronics: Driving demand from LED and retail lighting, power supplies, solid state drives, surveillance systems and computer network devices
Automotive: PCB design services are required to design numerous sensors and car safety features including airbag controls, anti-lock brake systems, anti-theft system, engine-timing systems, and signals and lamp controls
Healthcare: To manufacture modern healthcare facilities and equipment which play a vital role in monitoring and recording critical patient data. Some of the critical application of medical PCBs include electronic health records (EHRs), mobile health, wearable medical devices and medical imaging systems among others
Aerospace & Defense: A&D industry offers a mix of challenges and opportunities for services providers, credited to the highly stringent set of rules and regulations these products are subjected to. Reliability is a major contention point for services provider due to the mission critical nature of product application
IT & Telecom: Design services are majorly used in the development of wireless communication systems, phone switching systems, video collaboration, PBX systems and Voice over Internet Protocol (VoIP) devices
PCB Design Market Size:
The global PCB Design market is analyzed to grow at a steady rate from US$3.54 billion in 2019 to US$5.27 billion in 2025 at a CAGR of 7%. Increased adoption of smart electronics, proliferation of aerospace & defense industry, growing application in automotive industry, and rising demand from the medical industry are the major driving factors for the growth of the global market.
North America holds the largest market share at 44.8% in the year 2019 owing to the high demand across end-use sectors. In the coming years Europe is expected to increase its dominance in the PCB Design market by raising its share from 13.7% in 2019 to 14.8% in 2025 owing to strong economic growth and the increased demand from the automotive sector.