Electrical Computer-Aided Design (ECAD) Market
Market Research Future (MRFR), in its latest “Computer-Aided Design (CAD) Market” report, states different factors that can prompt the global market growth. MRFR findings state that the global market of computer-aided design (CAD) can surge at 10.0% CAGR from 20198 to 2025. In 2019, the global CAD market was recorded at USD 7.47 Bn. By 2025, the global CAD market is expected to touch USD 14.18 Bn. The expansion of the CAD market can be attributed to large scale 3D CAD software adoption. The need for seamlessly designing of complex structure can prompt the expansion of the CAD market. The rise in adoption of CAD tools by plumbing, piping, contractors for mechanical, and HVAC sectors can aid in the productivity surge. The coupling of virtual reality with CAD tools can also impel the expansion of the global CAD market. CAD aids in producing designs and models that assists industries to enhance their productivity in dynamic environment. The rise in the adoption of 3D technology can curb the risk in manufacturing faulty machine, thus escalating the overall productivity of these sectors, such as automotive, construction, and industrial manufacturing. On the contrary, the rise in security concerns prompting the adoption of cloud-based solution and the advent of building information modelling (BIM) can impede the expansion of the global CAD market across the assessment period.
Segmental Study
The CAD market study is done on the basis of component, technology type, application, industry, and deployment mode.
The technology-based segments of the global CAD market are 2D technology and 3D technology.
The component-based segments of the CAD market are services and software.
The services-based segments of the CAD market are training and implementation services, installation services, and system integration services are others.
The deployment model-based segments of the model are cloud and on-premise.
The application-based segments of the model are 3D printing, surface modelling, part assembly, reverse engineering, and others.
The industry-based segments of the global CAD market are electrical and electronics, automotive, energy and materials, civil and construction, media and entertainment, industrial equipment, and others.
Regional
The geographic analysis of the electrical computer-aided design (ECAD) market has been conducted for North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW). North America is expected to dominate the electrical computer-aided design (ECAD) market during the forecast period
owing to the increasing number of process and discrete industries and high investments in industrial manufacturing in the region. Among the major countries in North America, the US exhibited steady growth in the global electrical computer-aided design (ECAD) market over the last decade. The major electronics and semiconductor companies in the US are increasingly adopting 3D printing technologies with the help of computer-aided design for printed circuit board designs. Enterprises in Canada are rapidly adopting visual representation techniques in the manufacturing of distinct parts and equipment; this is directly impacting the growth of electrical computer-aided design (ECAD) market.
Europe was the second-largest market in 2018. The rest of Europe accounted for the largest market share in 2018, with the highest market value. Germany was the second-largest market in 2018, with the highest CAGR during the forecast period. The market growth is mainly attributed to advancements in cloud-based ECAD tools and services. The collaboration of major players with small start-ups for development of computer-aided design tools is boosting the electrical computer-aided design (ECAD) market growth.
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OverviewThe 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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8235Competitive AnalysisThe 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.
OverviewThe 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.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8235 Competitive AnalysisThe 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.
Global Electrical Computer-Aided Design (ECAD) Market Research Report: by Component (Software and Services), by Industry Type (Discrete Industries and Process Industries), by Application (Industrial Machine Controls, Plant Design, Mining Equipment Control, Rail Signaling, Switchgear Design, Water Treatment and Distribution System Control, and Others), by Vertical (Automotive, Aerospace & Defense, Construction, Railway, Power Generation and Energy, Equipment and Machinery, Oil & Gas, Food & Beverage, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2024Global Electrical Computer-Aided Design (ECAD) Market OverviewThe 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.Competitive AnalysisThe 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.
Electrical Computer-Aided Design MarketThe global electrical computer-aided design (ECAD) market spans across North America, Europe, Asia-Pacific, and the rest of the world.The increasing use of cloud-based ECAD tools and increasing demand for automation in process industries such as oil & gas and manufacturing are factors expected to drive the electrical computer-aided design (ECAD) market during the forecast period.
However, the designing and creation of ECAD models require a high level of skilled expertise, which is expected to limit the market growth during the forecast period.
Further, proliferation of smart grids and smart metering is expected to act as an opportunity for players in the global electrical computer-aided design (ECAD) market during the forecast period.The geographic analysis of the electrical computer-aided design (ECAD) market has been conducted for North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
North America is expected to dominate the electrical computer-aided design (ECAD) market during the forecast periodowing to the increasing number of process and discrete industries and high investments in industrial manufacturing in the region.
Among the major countries in North America, the US exhibited steady growth in the global electrical computer-aided design (ECAD) market over the last decade.
The major electronics and semiconductor companies in the US are increasingly adopting 3D printing technologies with the help of computer-aided design for printed circuit board designs.
