Computer-Aided Design Market Size, Increased Use Industry Booming Worldwide, Demand Status and Explosive Factors And Forecasts To 2027
Computer-Aided
Design Market Overview:
The Global
Electrical
Computer-Aided Design Market Size 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.
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Competitive
Analysis
The
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. This subsidiary
distributes IGE+XAO Electrical CAD, PLM, and simulation software for the
rapidly expanding Indian market.
Segmental
Analysis:
The
global electrical computer-aided design (ECAD) market has been segmented based
on component, industry type, application, vertical, and region.
Based
on component, the market has been classified as software and services (support,
training, and maintenance). The software segment accounted for the largest
market share in 2018; the services segment is expected to register the highest
CAGR during the forecast period. electrical
computer aided design market
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. Various organizations provide a range of ECAD support
services to provide insights into, and detailed information about the entire
ECAD software system. Training service providers offer online training,
customized classes, classroom, and on-site training, and one-day training
classes to end users. The regular maintenance of ECAD software prevents
unwanted downtime and proves critical to maintaining a smooth-running facility.
Maintenance services help organizations to support the work efficiency of
software on a timely basis.
Based
on industry type, the market has been classified as process industry and
discrete industry. The discrete industry segment accounted for the largest
market share in 2018, with a market value of USD 1,192.7 million; it is
expected to register the highest CAGR during the forecast period. The discrete
industry involves the production of whole equipment or parts/components; ECAD
is required to create and modify the design of an equipment manufacturing
process. Various software providers, such as Autodesk, offer ECAD software
solutions and for discrete product manufacturing. The solutions provide 3D
model designing, engineering, data management, and process management. The
implementation of software in process industry enhances productivity, which
saves time and minimizes errors in implementation planning. Different process
industries require a different set of ECAD features and capabilities that vary
as per the industry requirements. The adoption of ECAD is expected to grow
significantly in the process industry during the forecast period.
Based
on application, the market has been classified as industrial machine controls,
plant design, mining equipment control, rail signaling, switchgear design,
water treatment and distribution system control, and others. The industrial
machine controls segment accounted for the largest market share in 2018, while
the water treatment and distribution system control segment is expected to
register the highest CAGR during the forecast period. Machine control helps in
increasing productivity, reducing costs, and improving ease-of-use. Industrial
machines are custom designed for their specific purpose and are optimized for
throughput, precision, and availability. A plant layout largely impacts the
total operation of a company which includes the production processes,
equipment, storage, and dispatch. Signaling is one of the important components
of railway network design, as the control and management of trains depend on
signals for safer train movement. ECAD software is used in rail signaling to
perform tasks such as modifying existing interlockings or creating new ones,
editing of interlockings, making wiring schematics, generating wiring schedules
and tables and tables linked to schematics automatically, creating rack layouts
linked to schematics, and auto-generation of plans and
documentation. The ECAD software covers the entire range of services
in designing switchgear, which includes mounting layout in 3D, using the
virtual wiring of the components to the individual design and adaptation of
copper bars for flexible power distribution systems. In a water treatment
plant, there are various electrical tasks performed, such as design and build
of integrated power and control solutions. It is essential that the electrical
network of a water treatment plant is in line with the required processing
quality of the plant so that it can operate using optimal energy and reduced
cost.
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.
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Table
of Content
1
Executive Summary
2
Market Introduction
2.1
Definition 17
2.2
Product Considered 17
2.3
Scope of The Study 18
2.4
Market Structure 19
Continued….
**Trending Report**
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Management Services Market
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Source Intelligence (OSINT) Market
List
of Tables
Table
1 List of Assumptions 26
Table
2 Global Electrical Computer-Aided Design (Ecad) Market, By Component,
2020–2027 (Usd Million) 35
Table
3 Software: Electrical Computer-Aided Design (Ecad) Market Estimates &
Forecast, By Region 36
Table
4 Global Electrical Computer-Aided Design (Ecad) Market, By Services, 2020–2027
(Usd Million) 36
Table
5 Support: Electrical Computer-Aided Design (Ecad) Market Estimates &
Forecast, By Region 37
Continued…..
List
of Figures
Figure
1 Market Synopsis 16
Figure
2 Market Structure: Global Electrical Computer-Aided Design (Ecad) Market 19
Figure
3 North America Market Size & Market Share By Country (2020 Vs 2027) 20
Figure
4 Asia-Pacific Market Size & Market Share By Country (2020 Vs 2027) 20
Figure
5 Europe Market Size & Market Share By Country (2020 Vs 2027) 21
Continued….
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