Electrical Electronic Computer Aided Design Market Size

Electrical Electronic Computer Aided Design Market Growth Projections and Opportunities

This comprehensive analysis of the global Electrical & Electronic Computer-Aided Design (ECAD) market delves into various aspects, including industry trends, market dynamics, size, competitive landscape, and growth prospects. The report categorizes the market based on components, industry types, applications, verticals, and regions.

In terms of components, the market comprises software and services, with software dominating in 2018 and expected to maintain its dominance. The service segment is further divided into support, maintenance, and training.

The market is segmented by industry types into discrete and process industries, with the discrete industry projected to lead during the forecast period. Application-wise, the market covers industrial machine controls, plant design, mining equipment control, rail signaling, switchgear design, water treatment and distribution system control, among others. Industrial machine controls are anticipated to dominate, benefiting from reduced design time and increased accuracy with the implementation of ECAD.

Verticals studied in the market research include automotive, aerospace & defense, construction, equipment and machinery, railway, power generation and energy, oil and gas, food and beverage, among others. The automotive sector is expected to lead the market, leveraging ECAD for error-free innovative vehicle designs.

Geographically, the study encompasses North America, Europe, Asia-Pacific, and the rest of the world, with North America anticipated to dominate the ECAD market during the study period.

The market is highly competitive, featuring several vendors providing innovative solutions. Major players in the market include Autodesk, Inc., ANSYS Inc., EPLAN Software & Service GmbH & Co. KG, Bentley Systems, Inc., Trimble Inc., Dassault Systèmes SE, Zuken, AUCOTEC, Mentor Graphics (Siemens), WSCAD, IGE+XAO, ALPI International Software, and SIENNA ECAD Technologies.

Market players are adopting diverse growth strategies, including product enhancements, launches, partnerships, agreements, and contracts. In 2019, Schneider Electric SE's acquisition of ALPI International Software SA is a notable example, reflecting the industry's dynamic landscape and players' efforts to strengthen their positions in the ECAD market.