Market Highlights
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.
The Electrical and Electronic Computer-Aided Design Market is expected to expand at 8.62% CAGR over the forecast period (2020-2030).
COVID-19 Impact on the ECAD 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.
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Segmentation:
The Global ECAD Market has been segmented based on component, industry type, application, vertical, and region.
Based on component, the global computer-aided design (ECAD) market has been segmented into software and services. The software segment accounted for the larger market share in 2019, and it is expected to register a CAGR of 7.8% during the forecast period. The services segment was the second-largest market in 2019.
The global electrical computer-aided design (ECAD) market, by industry type, has been divided into the process industry and discrete industry. The discrete industry segment accounted for the largest market share, and it is expected to register the highest CAGR during the forecast period.
By application, the market has been segmented into industrial machine controls, rail signaling, plant design, mining equipment control, switchgear design, water treatment and distribution system control, and others. The industrial machine controls segment is expected to dominate the market during the forecast period.
The verticals studied for the market research report are automotive, aerospace & defense, construction, equipment and machinery, railway, power generation and energy, oil & gas, food & beverage, and others. The automotive segment is anticipated to lead the global electrical computer-aided design (ECAD) market over the forecast period.
Regional Analysis:
Region-wise, the global electrical and electronic computer-aided design (ECAD) 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).
Summary
The global electrical and electronic computer-aided design (ECAD) market is predicted to expand at 8.5% CAGR from 2020-2030 (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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