Global Electrical CAD Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrical CAD Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electrical Computer-Aided Design software is used to create and modify both diagrams and layouts, including both 2D and 3D, in order to design, assess and document electrical Printed Circuit Boards (PCB). Electrical CAD software can be used to explore different iterations of a PCB, either abstractly as a diagram or in full detail as a layout or 3D assembly. Users can build out different alternatives and options, comparing them to each other. It can also be used to generate manufacturing documentation, which is released to manufacturing as part of the specification used to source, fabricate and produce PCBs.

Market Overview:

The latest research study on the global Electrical CAD market finds that the global Electrical CAD market reached a value of USD 2247.18 million in 2022. It’s expected that the market will achieve USD 3511.65 million by 2028, exhibiting a CAGR of 7.72% during the forecast period.

Due to the pandemic of COVID-19, the global economy is expected to lose nearly USM USD8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Electrical CAD software can be used to explore different iterations of printed circuit boards, either abstracted as charts or detailed as layouts or 3D components. Users can create different choices and options and compare them with each other. Electrical CAD software can also generate manufacturing documents, which are issued to the manufacturing department as part of the specifications for purchasing, manufacturing and producing PCBs. The manufacturing industry stopped production under the influence of the epidemic, and the demand for Electrical CAD software was greatly reduced, which had a great impact on the Electrical CAD industry.

Major companies in Electrical CAD industry continue to develop and innovate to promote the development of the industry

Siemens Digital Industrial Software Company announced a new solution to capture the concept in 2D. The new NX sketch software tool promotes the sketch drawing in CAD, which is an essential part of the design process. By changing the underlying technology, users can now sketch without predefining parameters, design intentions and relationships. Using artificial intelligence (AI) to dynamically infer relationships, users can change from paper sketch to creating conceptual design in NX software. This technology provides flexibility in conceptual design sketch drawing, and makes it easy to process imported data, allowing rapid design iteration of legacy data and processing tens of thousands of curves in a single sketch. With these latest enhancements of NX, Siemens' Xcelerator product portfolio continues to bring together advanced technologies, even at the core of modeling technology, helping to eliminate traditional barriers experienced by users, thus significantly improving productivity. Siemens is a major company in the Electrical CAD industry. The new solution will drive the development of Siemens. The company follows the trend of the times and combines artificial intelligence technology to improve the Electrical CAD software. The continuous development and innovation of major companies will drive the development of the Electrical CAD industry.

Increased security risks

Software connected to the Internet is facing an increasing risk of network attack, and in some cases, companies may be blackmailed and threatened. The rapid development of the Internet has brought about the digital age. Electrical CAD software is connected to the Internet for drawing design, etc., and the data needs to be saved in the account. The use of the Internet will pose a threat to the company's information security. Therefore, companies can use cloud-based software, which is more secure. Electrical CAD software needs to be continuously upgraded to solve the security problem.

Merge MCAD and ECAD

MCAD is mechanical CAD. The trend of mechanical and electrical design in a single CAD application is becoming more and more obvious. There are smaller MCAD and ECAD providers that can be acquired or even merged. Such a combined product will be completely unique. Companies can switch to new applications. Large software providers are slow to make decisions because of their complete operating system. However, small companies can take strategic measures to merge MCAD and ECAD programs and introduce new software functions. Small and medium-sized companies may have the opportunity to enter the forefront of the industry.

Region Overview:

Geographically, United States held the largest market share – 33.41% in 2022.

Company Overview:

Eplan is one of the major players operating in the Electrical CAD market, holding a share of 14.82% in 2023.

Eplan

EPLAN provides software and service solutions in the fields of electrical, automation and mechatronic engineering. The company develops one of the world’s leading design software solutions for machine and panel builders.

Dassault Systèmes

Dassault Systèmes is a leader in providing 3DEXPERIENCE solutions to customers all over the world. Dassault Systèmes provides virtual space for enterprises and customers to simulate sustainable innovation.

Segmentation Overview:

By type, 3D segment accounted for the largest share of market in 2022.

3D

3D ECAD, or three-dimensional electrical computer-aided design, is technology for design and technical documentation, which replaces manual drafting with an automated process. Used by engineers, and other professionals, 3D ECAD software precisely represents and visualizes objects using a collection of points in three dimensions on the computer.

2D

2D cartography and drawing is the process of creating and editing technical drawings and adding annotations to designs. Designers can use Electrical CAD software for 2D drawing to draw designs more quickly and accurately without using templates and technical drawing tools. The 2D Electrical CAD software also allows users to record and annotate engineering drawings with text, dimensions, leaders and tables.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 57.86% in 2022.

Key Companies in the global Electrical CAD market covered in Chapter 3:

Trimble
FTZ
KymData Oy
SmartDraw
Mentor Graphics
Eplan
PowerCad Software
Ides
ALPI
Unigraphics (NX)
Bentley Systems
IGE+XAO
Autodesk
ETAP
Zuken Inc.
Algo'Tech
Solid Edge
EasyPower
Dassault Systèmes (Solidworks)
DesignSpark

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrical CAD market from 2018 to 2029 is primarily split into:

3D
2D

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrical CAD market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)