The global electrical computer-aided design (ECAD) market is expected to reach USD 2860.3 million by 2024 at a CAGR of 9.22% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
Cloud computing is a driving force for the designing field, as it enables designers to access tools and collaborate with their teams over a single platform to make informed decisions during the designing stage. According to a Worldwide CAD Trends 2016 survey conducted by Business Advantage, the use of cloud-based CAD is likely to go up to 29% over the next three to five years. However, the piracy of ECAD software is a major factor limiting the growth of the global electrical computer-aided design (ECAD) market. Increasing use of cloud-based ECAD tools and increasing demand for automation in process industries such as oil & gas and manufacturing are contributing to the growth of the global electrical computer-aided design (ECAD) market.
The key players of the global electrical computer-aided design (ECAD) market are Dassault Systèmes SE (France), EPLAN Software & Service (Germany), Siemens AG (Germany), Autodesk, Inc. (US), Trimble, Inc. (US), Bentley Systems, Inc. (US), Nemetschek SE (Germany), IGE+XAO (France), and ALPI International Software (France), among others.
In January 2019, Trimble launched the latest version of its architectural modeling software—SketchUp Pro 2019. The product has layers with dashed lines which allow simplifying drawings with effective communication.
In February 2017, IGE+XAO Group opened a new subsidiary in India—IGE+XAO INDIA Private Limited—to enhance its distribution capabilities. This subsidiary distributes IGE+XAO Electrical CAD, PLM, and simulation software for the rapidly expanding Indian market.
Global Electrical computer-aided design (ECAD) Market: Segmentation
The global electrical computer-aided design (ECAD) market has been segmented based on component, industry type, application, vertical, and region. On the basis of component, the electrical computer-aided design (ECAD) market has been segmented into software and services. On the basis of industry type, the market has been segmented into discrete industries and process industries. Based on application the electrical computer-aided design (ECAD) market has been segmented into industrial machine controls, plant design, mining equipment control, rail signaling, switchgear design, water treatment and distribution system control, and others. Based on vertical, the electrical computer-aided design (ECAD) market has been segmented into automotive, aerospace & defense, construction, railway, power generation and energy, equipment and machinery, oil & gas, food & beverage, and others
The key players of global electrical computer-aided design (ECAD) market are Dassault Systèmes SE, EPLAN Software & Service, Siemens PLM, Autodesk, Inc., Trimble, Inc., Bentley Systems, Inc., Nemetschek SE, IGE+XAO, and ALPI International Software, among others.
Electrical Computer-Aided Design (ECAD) Market is probable to register a 9.22% CAGR, exhibiting…
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