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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.

As per the research, furniture design & modeling demands day-by-day worldwide. CAD is a great way to synchronized 3D geometry in mechanical design for same CAD software regarding SolidWorks can definitely uplift the ROIs and boost sales for furniture industry. Ideally, a part library data of the Computer Aided Designing software like SolidWorks along with its inbuilt CAD customization tools should cater to the needs and deliver satisfactory designs.

OverviewThe Computer-Aided Design Market is anticipated to grow by US$14.18 Billion by 2025 rapidly growing at a CAGR of 10.0% during the forecast period 2019–2025.

The global Computer-Aided Design Market is driven by increase in the adoption of 3D technology and .

These factors have helped shape the Computer-Aided Design Market and are expected to boost the growth.

Companies in the Computer-Aided Design Market could also face challenges such as rising security concerns over cloud-based CAD solutions and emergence of building information modelling (BIM).

The performance of the Computer-Aided Design Market has also been studied for the past and current years.

The Computer-Aided Design Market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world.

AutoCAD is powerful engineering tools which are commonly thought of as competing products.

A company in engineering will be more prepared for any task by using both of these software applications.

Cloud computing functions in the most recent versions of these programs permit for long-distance collaboration.

They also eliminate the need to share project files through USB drives or email.

Global Computer-Aided Design (CAD) Market Research Report: By Technology (3D and 2D), by Component (Solution, Services [Installation, Training and Implementation, System Integration and other Support Services]), By Deployment Mode (Cloud, On-Premise), Application (Surface Modelling, 3D printing, Reverse Engineering, Part Assembly), Industry (Automotive, Electrical and Electronics, Civil and Construction, Energy and Materials, Industrial Equipment and Media and Entertainment) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market HighlightsAccording to MRFR analysis, the Computer –Aided Design market was valued USD 7.47 Billion in 2020 and is expected to reach USD 14.18 Billion by 2027, at a CAGR of 10.0 % during 2019–2025.

Factors driving the growth of the market include rising government initiatives to develop smart cities that allows real-estate sector to build smart space buildings and infrastructure, rise in adoption of cloud-based 3D CAD software, 3D modeling in public infrastructure that includes energy and utilities and construction, and adoption of 3D printing in manufacturing sectors.

Additionally, the integration of 3D CAD tools with virtual reality is expected to be one of the new revenue pockets for the CAD market during the forecast period.On the other hand, the adoption of building information modeling (BIM) solutions and cloud-based CAD solutions may eventually lead to data breaches; these are likely to hinder the growth of the CAD market during the forecast period.Segmental AnalysisThe global CAD market has been segmented based on technology, component, deployment mode, application, industry, and region.Based on technology, the CAD market is bifurcated into 3D technology and 2D technology.

However, the 2D technology is expected to register sluggish growth during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8531By component, the global CAD market has been bifurcated into solutions and services.

The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as surface modeling and 3D printing segments.

However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.Based on application, the market has been segmented into surface modeling, 3D printing, reverse engineering, part assembly, and others.

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.

Most engineers always find it difficult to create precise mechanical drawings utilizing conventional drafting techniques.

Detailed drawings prepared using conventional techniques take a lot of valuable time.

Even after spending a lot of time and energy, many organizations often realize the design flaws during the manufacturing stage which forces them to redesign the product or modify the drawings.

For the benefit of all the Designers, we are listing some of the most important benefits of 3D CAD Modelling in the Mechanical Engineering Design for you:

Better design quality: 3D CAD software has approx.

Designers of the software can use said templates that are accurate and can reduce the overall design time.

Industry Insights In the uncertain time of COVID-19, Market Research Future has come with the latest study on the global Computer-Aided Design (CAD) Market 2020.

The survey enclosed the impact of COVID-19 on the economy.

On this, MRFR reveals the global market earlier achieved a valuation of USD 7.47 Billion in 2020 and would scale up to USD 14.18 Billion by 2027.

The evaluation of the escalation would take place during the years (2020 to 2027)—the forecasted period.

Top Impacting FactorsThe acceptance of CAD design platform in assorted manufacturing industries and disciplines to generate models and drawings is the foremost driver for the development of the global CAD market.

The CAD-based designs are used throughout the life cycle of a product and at different stages such as concept verification, design verification, and failure verification.