Electrical CAD Market | Global Forecast 2030

The Electrical and Electronic Computer-Aided Design Market is USD 2.87 Billion expected to expand at 8.62% CAGR over the forecast period (2020-2030).

Market Analysis

Market Research Future (MRFR) predicts the global Electrical CAD Market to expand at 8.5% CAGR from 2020-2026 (forecast period).

Electrical computer-aided design (ECAD) involves electrical and electronic CAD solutions. It is a software that allows to creation and modification of layouts and diagrams as well as layouts of electrical circuits like printed circuit boards (PCB), integrated circuits (ICs), and cabling systems. ECAD software help engineers create electrical schematic designs and systems seamlessly and at a rapid pace as compared to traditional, by-hand methods with higher accuracy and precision. This software is commonly used to automate tasks such as filling out component lists and bills of materials (BoM). ECAD is used for a variety of tasks, including diagramming, 3D assembly, concurrent design, and generating manufacturing documentation.

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COVID-19 Impact on the Global Electrical CAD Market

The COVID-19 pandemic has become an excellent opportunity for ECAD software developers as electrical circuit design makers and semiconductor design manufacturers are taking advantage of work from home. Access to high-speed internet and cloud-based ECAD tools is consistent with government guidelines for movement restrictions and has a marginal effect on productivity. This is illustrated by Royal Circuit Solutions in the United States, which is using the software to ramp up production on the ventilator designs of Medtronic.

Market Segmentation:

The global electrical and electronic computer-aided design (ECAD) industry has been segmented into components, industry type, application, and vertical. 

By component, the global Electrical CAD Market has been segmented into software and services.

By industry type, the global Electrical CAD Market has been segmented into the process and discrete.

By application, the global Electrical CAD Market has been segmented into water treatment and distribution system control, rail signaling, industrial machine controls, mining equipment control, plant design, and switchgear design. 

By vertical, the global Electrical CAD Market has been segmented into food beverage, oil gas, aerospace defense, automotive, equipment machinery, power generation energy, railway, construction, others. 

Regional Analysis:

Region-wise, the global Electrical CAD Market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. 

During the forecast period, North America is projected to be the largest market for ECAD solutions. North America is divided into three countries: The United States, Canada, and Mexico.

The United States is the most important market in North America, accounting for a sizable market share. Because of the involvement of major players, the electrical computer-aided design (ECAD) market in the United States is projected to expand significantly. The country's market growth can be attributed to rising urbanization, advancements in digital technology, higher disposable incomes, and high demand for advanced manufacturing robotic technologies. Furthermore, favorable government policies promoting factory automation are leading to the global market's expansion. Furthermore, market growth is being driven by increased demand for intelligent and automated manufacturing systems, as well as an increasing focus on digitization of oil fields in order to adopt Industry 4.0.

Key Players:

Aucotec AG (Germany), Siemens AG (Germany), IGE+XAO Group (France), Bentley Systems Inc. (U.S.), Dassault Systèmes SE (France), Autodesk Inc. (U.S.), Zuken (Japan), TRIMBLE INC. (U.S.), MENTOR GRAPHICS (U.S.), Cadence Design System Inc. (U.S.), Eplan Software Service Gmbh Co. KG (Germany), Sienna Ecad Technologies (India), WSCAD (Germany), ALPI International Software SA (France), Hexagon AB (Sweden).

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Summary:

The global Electrical CAD Market is predicted to expand at 8.5% CAGR from 2020-2026 (forecast period). ECAD is a simulation software that is used in the design and creation of electronic and electric circuits. The schematics can be used as a source for the actual layout, as well as for ensuring compliance with laws and ease of use. The use of software to reduce human errors and accelerate the planning stages of construction can drive market demand.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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