The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Computer Aided Design Market. The growth sectors of the Computer Aided Design Market are identified with precision for a better growth perspective.
The 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 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.
In the Asia-Pacific market, China accounted for the largest market share in 2018; the market is also expected to register the highest CAGR during the forecast period. The rest of Asia-Pacific was the second-largest market.
Global Electrical computer-aided design (ECAD) Market: Segmentation
The global electrical computer-aided design (ECAD) market has been segmented based on component, industry type, application, vertical, and region. On the basis of component, the electrical computer-aided design (ECAD) market has been segmented into software and services. On the basis of industry type, the market has been segmented into discrete industries and process industries. Based on application the electrical computer-aided design (ECAD) market has been segmented into industrial machine controls, plant design, mining equipment control, rail signaling, switchgear design, water treatment and distribution system control, and others. Based on vertical, the electrical computer-aided design (ECAD) market has been segmented into automotive, aerospace & defense, construction, railway, power generation and energy, equipment and machinery, oil & gas, food & beverage, and others
The key players of 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.
More Information@
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
