By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of World. In terms of revenue, North America is the largest and most advanced market for the Electrical Computer-Aided Design (ECAD) Market. . 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. 3D modeling is one of the leading application areas wherein ECAD is predominantly being used.
Moreover, the use of ECAD is widely being used in the automotive industry for vehicle crash development, durability simulation, NVH simulation, and product data management. This widespread use of ECAD software has subsequently increased the production efficiency of automobiles. Cloud-based ECAD software is gaining popularity in North America. This is due to the fact that cloud-based software allows engineers to view their ideas from any location, which improves collaboration and efficiency. The manufacturing enterprises in Canada are rapidly adopting visual representation techniques in the manufacturing of distinct parts and equipment.
Moreover, the education and research sectors in Canada are providing various support and training services to students as well as industry professionals. Major market players operating in the region are Autodesk Inc., Bentley Systems Inc., Trimble Inc., Cadence Design Systems Inc., and Mentor Graphics (Siemens), among others.
Figure 3: ELECTRICAL COMPUTER-AIDED DESIGN (ECAD) MARKET SIZE BY REGION 2022&2032
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe has been segmented into the UK, Germany, France, and the rest of Europe. The market growth is mainly attributed to advancements in cloud-based ECAD tools and services. The major factor contributing to the growth of the electronic computer-aided design (ECAD) market in Europe is the low cost of adoption and greater storage capabilities of cloud-based solutions and services. The collaboration of major players with small start-ups for the development of computer-aided design tools is boosting market growth.
Furthermore, Europe has a strong and advanced automotive sector that is also increasing due to the development of the manufacturing process via computer-aided design tools for the production and autonomous and semi-autonomous vehicles. BMW and Daimler AG have started simulating autonomous vehicles designing. Europe is one of the leading adopters of electrical computer-aided design software. The demand for ECAD in the region is projected to increase at a rapid pace owing to the surge in industrial automation. The key players operating in the market are EPLAN, ALPI International Software SA, Nemetschek SE, Dassault Systemes SE and IGE+XAO.
