India Electrical Computer-Aided Design Market Research Report By Component (Software, Services, Support, Training, Maintenance) - Forecast to 2035

India Electrical Computer-Aided Design Market Overview

As per MRFR analysis, the India Electrical Computer-Aided Design Market Size was estimated at 158.75 (USD Million) in 2023. The India Electrical Computer-Aided Design Market Industry is expected to grow from 172.5(USD Million) in 2024 to 447.8 (USD Million) by 2035. The India Electrical Computer-Aided Design Market CAGR (growth rate) is expected to be around 9.059% during the forecast period (2025 - 2035).

Key India Electrical Computer-Aided Design Market Trends Highlighted

The India Electrical Computer-Aided Design market is experiencing significant growth driven by several factors. The increasing demand for advanced design tools in engineering and architecture due to rapid urbanization and infrastructure development in India plays a crucial role. Government initiatives such as the Smart Cities Mission and Make in India also encourage companies to adopt efficient design software, enhancing project workflows and reducing time-to-market. Furthermore, the expansion of the manufacturing sector in India necessitates improved design capabilities to meet international standards, thus propelling the adoption of computer-aided design tools.

Opportunities are ripe in the India Electrical Computer-Aided Design market, particularly for businesses focusing on customization and integration with emerging technologies such as artificial intelligence and machine learning. These technologies can optimize design processes and provide intelligent design solutions, therefore meeting the unique requirements of varying industries. Moreover, as more stakeholders recognize the benefits of transitioning from traditional design methods to computerized approaches, more enterprises, especially small and medium-sized enterprises (SMEs), are expected to invest in CAD tools to enhance their competitiveness.

Recent trends reflect a shift towards cloud-based solutions, facilitating collaboration and remote work amid changing work dynamics, particularly after the COVID-19 pandemic. Also, an increase in training programs and educational initiatives dedicated to software tools enhances the skills of professionals in the field. This trend toward digital competency aligns with the government's focus on skill development and digital literacy, fostering a skill-ready workforce to meet the market's demands. Overall, the India Electrical Computer-Aided Design market showcases resilience and adaptability, positioning itself for continued growth in response to the evolving technological landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India Electrical Computer-Aided Design Market Drivers

Growing Demand for Automation in Electrical Engineering

The trend toward automation in electrical engineering is propelling the growth of the India Electrical Computer-Aided Design Market. With India's emphasis on improving manufacturing processes and eliminating manual labor, demand for Electrical Computer-Aided Design (ECAD) technologies has risen dramatically. According to the Ministry of Electronics and Information Technology (MeitY), the Indian government has set lofty goals to expand electronics manufacturing output to USD 300 billion by 2025, which is likely to result in a major rise in automation requirements across a variety of industries. 

Major firms such as Siemens and Schneider Electric are aggressively investing in automation technology in India, resulting in improved product design and development skills based on advanced ECAD systems. This trend emphasizes not just the present demand for these tools but also their importance in India's future as a technology and innovation hub, which supports the expected Compound Annual Growth Rate (CAGR) of 9.059 percent from 2025 to 2035.

yExpansion of the Renewable Energy Sector

The rapid growth of the renewable energy sector in India is significantly influencing the India Electrical Computer-Aided Design Market Industry. The Government of India has set a target of achieving 175 GW of renewable energy capacity by 2022, and this aim includes a strong emphasis on solar and wind energy projects. As per reports from the Ministry of New and Renewable Energy (MNRE), there has been a substantial increase in solar installations, exceeding 35 GW by mid-2021, which necessitates advanced design tools for efficient electrical system planning and layout.

Companies such as Tata Power and Adani Green Energy are leveraging ECAD systems for the design and implementation of complex renewable energy projects, thereby driving market growth as they require specialized software for grid planning and connection management.

Advancements in Electrical Design Software

Technological advancements in electrical design software are acting as a catalyst in the growth of the India Electrical Computer-Aided Design Market Industry. With the integration of Artificial Intelligence (AI) and machine learning capabilities, electrical design software has advanced considerably, allowing engineers to design more efficiently and reduce the time taken to bring products to market. 

The Electronics and Computer Software Export Promotion Council (ESC) notes that investment in software development has increased by approximately 25 percent in recent years, reflecting the growth in the Indian software industry overall.Leading firms like Altium and Autodesk are actively releasing new versions of their ECAD tools, specifically designed to cater to local industry needs, which not only enhances productivity but brings innovation to design workflows within India.

India Electrical Computer-Aided Design Market Segment Insights

Electrical Computer-Aided Design Market Component Insights

The Component segment of the India Electrical Computer-Aided Design Market plays a critical role in shaping the overall landscape of the industry, reflecting a noteworthy trend towards increased digitalization in engineering and design processes. This segment encompasses various key areas, including Software, Services, Support, Training, and Maintenance, each contributing uniquely to the effectiveness and efficiency of computer-aided design activities. The Software aspect is crucial, as it provides the essential tools and frameworks for designers and engineers to create detailed and precise models, which are fundamental in various sectors, including construction, automotive, and electronics. The growing adoption of advanced algorithms and user-friendly interfaces in Software solutions has spurred the demand in India, driven significantly by a need for improved productivity and reduced design times amid a competitive market environment.

Services associated with the Electrical Computer-Aided Design Market are also significant. They often involve consulting, implementation, and customization, which help organizations tailor software tools to their specific needs. This level of customization not only enhances operational efficiency but also ensures that companies can adapt to changing industry demands quickly. The Support aspect of the Component segment is equally vital, as ongoing technical assistance is necessary to address challenges encountered during the design lifecycle. Companies in India are increasingly recognizing the importance of having robust support systems in place to minimize downtime and optimize user experience, thereby boosting overall satisfaction and productivity.Training plays a significant role in empowering employees to maximize the potential of the available tools and software. In a rapidly evolving technological landscape, continuous education and skill development are critical for staying ahead. 

Many organizations are investing in comprehensive training programs to equip their workforce with up-to-date knowledge and techniques essential in Electrical Computer-Aided Design. This focus on skill enhancement leads to better design outcomes and contributes to the overall growth of the industry in the country.Maintenance also represents an essential element within the Component segment, ensuring that all software and systems remain functional and up-to-date over time. With the increasing length and complexity of design projects, keeping tools and systems well-maintained is critical for minimizing disruptions and maintaining workflow continuity. Companies formulating proactive maintenance protocols can significantly prolong the lifespan of their design tools while also reducing the risk of costly breakdowns.

In summary, the Component segment of the India Electrical Computer-Aided Design Market encapsulates a diverse array of elements that are essential for driving efficiency and efficacy in design operations. Software, Services, Support, Training, and Maintenance together create an ecosystem that supports companies in effectively navigating the complexities of modern design and engineering challenges. The ongoing investment in these areas reflects a broader trend of embracing digital transformation within India's industrial landscape, showcasing the significant growth potential present in this market segment as it adapts to the evolving needs of end-users.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India Electrical Computer-Aided Design Market Key Players and Competitive Insights

The India Electrical Computer-Aided Design Market has experienced significant growth in recent years, driven by the increasing demand for automation and efficiency in electrical design processes. This market is characterized by a variety of players who offer diverse products and services tailored to meet the unique needs of the Indian electrical engineering sector. The landscape is evolving rapidly, influenced by technological advancements, the growing adoption of smart devices, and expanding design capacities. Companies in this sector are actively competing on aspects such as innovation, product reliability, and customer service, establishing their positions through unique selling propositions and targeted marketing strategies. 

Competition is fierce, with numerous firms striving to capture market share, enhance their offerings, and establish enduring relationships with customers across various segments, including industrial, commercial, and residential sectors.Altium has emerged as a key player in the India Electrical Computer-Aided Design Market, well-regarded for its innovative software solutions that cater to electrical engineers and designers. The company's flagship product, known for its user-friendly interface and robust functionality, allows engineers to create complex designs with ease. Altium's presence in India is strengthened through extensive customer support and training programs that emphasize its commitment to empowering users.

By focusing on continuous software enhancements and a solid user community, Altium has managed to maintain a competitive edge, appealing to both new and experienced designers in the market. The company's contributions to the local market are facilitated by its partnerships with educational institutions and industry leaders, fostering a collaborative ecosystem that drives innovation and knowledge-sharing.Microchip Technology plays a significant role in the India Electrical Computer-Aided Design Market by providing a broad spectrum of solutions that encompass a range of products and services. The company specializes in microcontroller and analog products, which are integral to various electrical designs. 

Known for its robust technology and comprehensive resources, Microchip Technology combines extensive hardware offerings with advanced software tools, enabling efficient design processes for engineers. With a significant market presence, the company has been actively engaging in partnerships and collaborations to enhance its product offerings and expand its reach in India. The firm’s strength lies in its ability to leverage a combination of innovative technologies and strategic mergers and acquisitions, ensuring that it remains competitive in the dynamic landscape. Additionally, the company invests heavily in local support and services, providing engineers with the resources needed to develop efficient designs tailored to the Indian market’s requirements.

Key Companies in the India Electrical Computer-Aided Design Market Include:

• Altium


• Microchip Technology


• Autodesk


• Cadence Design Systems


• Mentor Graphics


• PTC


• Ansys


• SolidWorks


• BIMobject


• National Instruments


• Keysight Technologies


• Siemens


• Synopsys


• Zuken

India Electrical Computer-Aided Design Market Industry Developments

The India Electrical Computer-Aided Design Market has been experiencing significant growth, driven by advancements in technology and increasing demand for design software. In recent months, notable developments include Autodesk's enhancement of its engineering design tools tailored for Indian businesses, particularly in the architecture and manufacturing sectors. 

Moreover, in October 2023, Altium announced partnerships with various educational institutions in India to foster innovation and skill development in CAD technologies. This initiative aligns with the Indian government's focus on skill enhancement and Digital India initiatives.In terms of mergers and acquisitions, Cadence Design Systems expanded its portfolio in India by acquiring a local electronics design company in November 2023, a move expected to enhance its market presence and capabilities. 

The market valuation of companies like Siemens and Keysight Technologies has witnessed considerable growth over the past two years, attributed to their robust Research and Development investments and strategic initiatives catering to region-specific needs. Additionally, initiatives by National Instruments to launch localized software solutions have further propelled the market, creating a vibrant ecosystem for electrical design solutions in India. The focus on innovation and strategic partnerships is shaping a dynamic landscape for the Electrical Computer-Aided Design Market in India.

India Electrical Computer-Aided Design Market Segmentation Insights

Electrical Computer-Aided Design Market Component Outlook

• Software


• Services


• Support


• Training


• Maintenance

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	158.75(USD Million)
MARKET SIZE 2024	172.5(USD Million)
MARKET SIZE 2035	447.8(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.059% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Altium, Microchip Technology, Autodesk, Cadence Design Systems, Mentor Graphics, PTC, Ansys, SolidWorks, BIMobject, National Instruments, Keysight Technologies, Siemens, Synopsys, Zuken
SEGMENTS COVERED	Component
KEY MARKET OPPORTUNITIES	Growing demand for automation, Rise in renewable energy projects, Increasing focus on infrastructure development, Expansion of manufacturing sector, Adoption of IoT in design
KEY MARKET DYNAMICS	growing demand for automation, increased investment in infrastructure, rising adoption of IoT technologies, need for efficient design processes, supportive government initiatives
COUNTRIES COVERED	India