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, E

Market Snapshot

Global Electrical Computer-Aided Design (ECAD) Market is expected to register a 8.94% CAGR, exhibiting significant growth during the forecast period. The market was valued at USD 1,710.1 million in 2018; it is expected to reach USD 5.37 Billion by 2030. North America accounted for the largest market value of USD 620.4 million in 2018; the market is expected to register a CAGR of 8.94% during the forecast period.

Electrical computer-aided design (ECAD) is a real-time standalone, easy-to-use, multi-user electrical design tool that helps in efficiently defining the electrical interconnections for complex electrical systems. It helps in designing circuits quickly, accurately, and efficiently by optimizing the overall design process. This software assist engineers in creating 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 updating components lists, connection lists and wire numbering, enabling electrical standards within the drawing, intelligent copying, communication with PLC I/O tools, and filling out bills of materials (BoM), among others. Major ECAD software provides extensive symbols & parts libraries, live parts price and its availability data, and 2D cabinet layout facility, among others. ECAD is used for different purposes such as diagram making, 3D assembly, concurrent designing, and generating manufacturing and documentation.

Global Electrical Computer-Aided Design (ECAD) Market, By Industry Type (2018 Vs 2024)  

Source: MRFR Analysis

Based on type, the market has been classified as process industry and discrete industry. The discrete industry or discrete manufacturing primarily comprises the industrial manufacturing, automotive, aerospace, and electronics industries. Discrete manufacturing involves the production of distinct products that can be combined or integrated with another product. Discrete manufacturing is used in situations of high-precision, low volume or low-precision, and high-volume manufacturing. The process industry or process manufacturing, on the other hand, involves continuous or batch processing/manufacturing. The major industries involved in process manufacturing include food & beverages, chemicals, pharmaceuticals, petroleum, coal & mining, rubber, paper & pulp, and wood. Various engineering tools and software are used in the process industry to practice advanced industrial engineering techniques.

The manufacturing and production process within the process industry highly complex that includes large, complex configurations of equipment working simultaneously. Furthermore, increasing challenges such as the growing focus on safety and environmental concerns, the growing viability of new energy sources, and the rising cost of products have combined to create a new set of competitive pressures on designers and engineers who develop equipment and systems for the process industry. ECAD is an effective 3D product development solution that improves the manufacturing and design processes, accelerates time-to-market, controls development costs, improves product quality, and aids in increasing cash flow and profit margins. However, a lack of technical expertise might hamper market growth.

Regional Analysis

The global electrical computer-aided design (ECAD) market, by region, has been segmented into Asia-Pacific, North America, Europe, and the rest of the world. North America is expected to dominate the global electrical computer-aided design (ECAD) market during the forecast period due to the increasing number of process and discrete industries and high investments in industrial manufacturing in the region.

Companies Covered

The key players of the 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.

Key Developments

• In June 2019, Siemens AG announced the latest version of its Solid Edge 3D industrial design software—Solid Edge 2020—which added augmented reality in its new features. This will help the company’s internal teams to better collaborate on prototype designs, and efficiently facilitate the presentation of work product to suppliers and customers.

• In April 2019, Autodesk Inc. released a new version of Revit—Revit 2020, which includes incorporating improvements in Revit 2019.1 and Revit 2019.2. The new version includes a set of new tools and enhancements that help generate consistent, coordinated, and complete model-based building designs and documentation.

• In June 2019, Schneider Electric SE, a leading company in the Digital Transformation of Energy Management and Automation, acquired ALPI International Software SA. This acquisition helps Schneider Electric in strengthening their capabilities in digital transformation.

• In December 2018, Siemens acquired COMSA, a company which develops software for electrical systems design and wire harness engineering to further extend lead in automotive electrical systems design. COMSA's LDorado software strengthens Siemens' global automotive lead with the addition of key capabilities in wire harness engineering and design data analytics.

Segmentation

• 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

• By region: North America, Asia-Pacific, Europe, and Rest of the World

Key questions addressed by the report

• What was the historic market size (2018)?


• Which segmentation (Component / Solution/ Industry) is driving the market?


• What will be the growth rate by 2024?


• Who are the key players in this market?


• What are the strategies adopted by key players?