ID: MRFR/ICT/8828-CR | November 2020 | Region: Global | 141 pages
Global Electrical and Electronic Computer-Aided Design (ECAD) Market is expected to expand at 8.5% CAGR over the forecast period (2020-2026). ECAD is a simulation software used in design and creation of electronic and electric circuits. The schematics can be used as a reference for the actual layout as well as adherence to laws and ease of use. The use of the software for minimizing human errors and accelerating the planning stages of construction can drive market demand.
The COVID-19 pandemic has become a golden opportunity for ECAD software developers as semiconductor design manufacturers and electrical circuit design makers are taking advantage of work from home. The access to hi-speed internet and cloud-based ECAD tools has been in line with guidelines issued by governments for movement restrictions and manages to have negligible impact on productivity. This is exemplified by U.S. based Royal Circuit Solutions utilizing the software for ramping up production on the ventilator designs of Medtronic. In addition, the COVID-19 guidelines for contaminating cleanrooms daily and provision of unenclosed printed circuit boards (PCBs) for protection against electrical charges can bode well for the market.
By Industry Type
Global Electrical and Electronic Computer-Aided Design (CAD) Market
Siemens has launched a product lifecycle management suite for electrical engineers with integration support for Mentor software. This, in addition with engineering change, release management, and help guidelines can assist engineers in bringing their designs to fruition.
It is segmented in the following manner:
By Industry Type
Frequently Asked Questions (FAQ) :
Creation of electrical schematic designs and automated filling of lists and bill of materials is the major driver of the ECAD design market.
Smart metering and establishment of smart grids are opportunities for players to expand their reach in the market.
The global ECAD design market is predicted to expand at 8.5% CAGR from 2019 to 2026.
Industrial machine controls can gain the lead in the market.
North America can lead in the global ECAD design market.
TRIMBLE INC., IGE+XAO Group, Siemens AG, Sienna Ecad Technologies, Autodesk Inc., Hexagon AB, MENTOR GRAPHICS, Bentley Systems, Inc., WSCAD, Cadence Design System Inc., Aucotec AG, Eplan Software & Service Gmbh & Co. KG, ALPI International Software SA, Dassault Systèmes SE, and Zuken are the vendors of the market.