The electrical and electronic computer-aided design (ECAD) market share is expected to grow at a CAGR of 8.62% during the forecast period, 2020-2030. The market is driven by the increasing demand for complex electronic devices, the growing adoption of cloud-based ECAD solutions, and the rising demand for electronic design automation (EDA) software.

ECAD software is used to design and develop electronic circuits and systems. It helps engineers to create and modify electrical schematics, layouts, and bills of materials (BOMs). ECAD software also helps engineers to simulate the performance of electronic circuits and systems.

The increasing demand for complex electronic devices is one of the major drivers of the ECAD market. The growing adoption of cloud-based ECAD solutions is another major driver of the market. Cloud-based ECAD solutions offer a number of advantages over traditional on-premises ECAD solutions, such as lower costs, increased scalability, and improved collaboration.

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The rising demand for electronic design automation (EDA) software is also driving the growth of the ECAD market. EDA software is used to automate the design and verification of electronic circuits and systems. It helps engineers to improve the efficiency and accuracy of the design process.

The ECAD market is segmented by component, application, vertical, and region. By component, the market is segmented into software and services. The software segment is expected to dominate the market during the forecast period. The services segment is expected to grow at a faster rate during the forecast period.

The global electrical and electronic computer-aided design (ECAD) market is expected to grow at a CAGR of 8.62% during the forecast period, 2020-2030. The market is driven by the increasing demand for electronic design automation (EDA) tools and services, growing adoption of cloud-based ECAD solutions, and rising demand for electrical and electronic products.

The market is segmented by component, industry type, application, vertical, and region.

By component:

the market is segmented into software and services. The software segment accounted for the largest market share in 2019 and is expected to continue its dominance during the forecast period. The growth of this segment can be attributed to the increasing demand for advanced ECAD software solutions that offer features such as 3D design, simulation, and verification.

By industry type

the market is segmented into process industry and discrete industry. The discrete industry segment is expected to grow at a higher rate during the forecast period. This is due to the increasing demand for ECAD solutions in the electronics manufacturing industry.

By application

the market is segmented into 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 is expected to dominate the market during the forecast period. This is due to the increasing demand for ECAD solutions in the manufacturing industry.

By vertical

the market is segmented into automotive, aerospace & defense, construction, equipment and machinery, railway, power generation and energy, oil & gas, food & beverage, and others. The automotive segment is expected to dominate the market during the forecast period. This is due to the increasing demand for ECAD solutions in the automotive industry.

By region

the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to be the largest market for ECAD solutions during the forecast period. This is due to the presence of a large number of ECAD software vendors in the region.

The key players operating in the global ECAD market are Zuken, Aucotec AG, WSCAD, Mentor Graphics, Autodesk Inc., Sienna Ecad Technologies, Dassault Systèmes SE, Trimble Inc., Hexagon AB, and IGE+XAO Group. These players are focusing on developing innovative ECAD solutions to meet the growing demand from the end-users.

The major players operating in the ECAD market are Cadence Design Systems, Inc., Mentor Graphics Corporation, Zuken, Altium Limited, Autodesk, Inc., Dassault Systèmes SE, Siemens AG, IGE+XAO Group, and Zuken.

These companies are focusing on developing new features and capabilities for their ECAD software to improve the efficiency and accuracy of the design process. They are also expanding their product portfolio to cater to the growing demand for ECAD software from different verticals.