Electrical computer-aided design (ECAD) comprises electrical and electronic CAD solutions. It is a software for creating and modifying both layouts and diagrams and layouts of electrical circuits such as printed circuit boards (PCB), integrated circuits (ICs), and cabling systems. ECAD software help engineers to 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 widely used to automate tasks such as filling out components lists and bills of materials (BoM). ECAD is used for various purposes such as diagramming, 3D assembly, concurrent designing, and generating manufacturing documentation.
Global Electrical Computer-Aided Design (ECAD) Market is highly competitive, with the presence of several vendors offering feature-rich and innovative solutions to their customers. The major vendors profiled in the study are Autodesk, Inc., ANSYS Inc., EPLAN Software & Service GmbH & Co. KG, Bentley Systems, Inc., Siemens PLM, Trimble Inc., Dassault Systèmes SE, Zuken, AUCOTEC, Mentor Graphics, WSCAD, IGE+XAO, ALPI International Software, and SIENNA ECAD Technologies.
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The geographic analysis of the Global ECAD Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the largest market for ECAD solutions during the forecast period. North America has been segmented into three countries, namely the US, Canada, and Mexico.
The US is the leading market in North America, accounting for a significant market share. The electrical computer-aided design (ECAD) market in the US is expected to grow significantly, owing to the presence of major players. The market growth in the country can be attributed to the increasing urbanization, advances in digital technology, higher disposable incomes, and the high demand for advanced manufacturing robotic technologies. In addition to it, favorable government policies to help factory automation are contributing to the growth of the global market. Adding to it, the market growth is driven by the increased demand for intelligent and automated manufacturing systems and the rising focus on digitization of oil fields to adopt industry 4.0.
Europe is projected to hold the second spot (in terms of market share) in the overall market during the forecast period. Europe is segmented into the UK, Germany, France, and the rest of Europe. The market growth is attributed mainly to advancements in cloud-based ECAD tools and services. The main factors contributing to the growth of the electronic computer-aided design (ECAD) market in Europe are the low cost of adoption and greater storage capabilities of cloud-based solutions and services. The collaboration of major players with small start-ups for the development of computer-aided design tools is boosting the market growth.
The market in the Asia-Pacific region is expected to register the highest CAGR during the forecast period. The market growth is attributable to the need for on-the-go graphic designing via mobile apps for smart factories and industrial manufacturing. Moreover, the automotive markets in South Korea, Japan, and China are growing rapidly and contribute nearly 30% of the overall market. The rising development of electric vehicles and their testing has also resulted in the growth of the electrical computer-aided design (ECAD) market.
In the Middle East & Africa, the country of Saudi Arabia holds the major oil fields, and the industry is increasingly adopting industrial automation equipment. The country offers opportunities for the metal, mining, and material industries to increase their production and efficiency. The demand for ECAD software is also driven by the high cost of labor, encouraging the companies to adopt industrial automation.
The South American region is witnessing an increase in investments and government initiatives to support advances in technology. In this regard, the developments in the manufacturing and industrial sectors in the region are anticipated to be the key driver for the ECAD market during the forecast period. Brazil is an emerging economy in South America. The growth of the ECAD market in Brazil is attributed to the developments in machine learning and computer vision technologies for manufacturing processes. Brazil exhibits a strong demand for software for mining, drilling automation, and oil extraction applications.
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