LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global electronic design automation (EDA) for PCB and MCM market is expected to grow at a slow but steady CAGR of over 3% during the forecast period.
This research report titled ‘Global EDA for PCB and MCM Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Geographically, the Americas held the largest share in the global EDA for printed circuit board (PCB) and multi-chip module (MCM) market in 2015 with the largest contribution coming from the US. “In North America, a maximum number of electronics companies hire PCB designers, which increases the demand for PCB and MCM design tools. The software boom in Silicon Valley in California, along with the abundant availability of angel investors, has resulted in the growth of numerous companies such as Nixie Labs in the US,” says Navin Rajendra, an industry expert at Technavio specializing in research on semiconductor equipment.
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Based on application, the report categorizes the global EDA for PCB and MCM market into the following segments:
- Networking and communications
- Medical, industrial, and instrumentation
- Aerospace and defense
- Cellular phone
- Computing, storage, and peripherals
The top three revenue generating application segments for the global EDA for PCB and MCM market are discussed below:
Networking and communications
The networking and communications segment was valued at USD 173.6 million in 2015 and is expected to reach USD 208.8 million by 2020, growing at a CAGR of close to 4% during the forecast period.
“PCBs and MCMs are mostly used in high-performance systems, including mainframes and telecommunications equipment. Complex parallel processing products based on neural networks are suitable contenders for PCB and MCM technology,” says Navin.
The rising internet penetration across the globe, especially in developing countries such as India and Brazil, is increasing the demand for base stations, backhaul, and fiber-optic networks in wireless communication infrastructure systems, wireless automation systems, and Wi-Fi connectivity products, boosting the adoption of EDA for PCB and MCM.
Technological advances in the automotive sector are leading to increasing integration of electronics content in vehicles. Some of the factors driving the EDA for PCB and MCM market in the automotive segment are safety norms, fuel efficiency, and pollution control.
PCBs are used in antilock braking system (ABS), central door locking, car radio, airbag control, navigation system, engine management system, and timed wipers. All these components consume less power and require excellent output efficiency. EDA for PCB and MCM tools help achieve this goal in the automotive segment. The application of PCB and MCM design tools is estimated to increase in automobiles for electronic functions during the forecast period.
Medical, industrial, and instrumentation
The growing use of digitized equipment and systems such as medical imaging systems and computer control medical equipment in the medical industry has increased the demand for EDA for PCB and MCM tools. The industrial segment is also an important segment of this market as mechanical equipment is integrated with IT technology to ease the production process and increase the efficiency of equipment. The application of industrial automation includes production equipment, software systems, and ultrasonic technologies control.
The number of MRI installations across the globe is growing at a swift pace. As per Technavio’s estimate, the global MRI systems market will grow at a CAGR of more than 5% during the forecast period. Apart from MRI, other healthcare equipment integrating MCMs are ultra-low field magnetic resonance imaging (ULF-MRI), magnetoencephalography (MEG) and magnetic source imaging (MSI), magnetocardiography (MCG), and nuclear magnetic resonance (NMR). All these are upcoming diagnostic equipment and actively involve the integration of MCMs for better output and efficiency.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Cadence Design Systems
- Mentor Graphics
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- Global Electronic Design Automation Market 2016-2020
- Global Cloud EDA Market 2016-2020
- Global Printed Circuit Board Market 2016-2020
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