Global Electrical CAD Market Size Study, by Type (3D, 2D), by Application (Large Enterprises, SMEs), and Regional Forecasts 2022-2032

Description

Global Electrical CAD Market is poised for significant growth, valued at approximately USD 2405.04 Million in 2023, with a projected healthy growth rate of over 7.74% from 2024 to 2032. Electrical computer-aided design (CAD) plays an essential role in modernizing the development of intricate electrical systems. Engineers and designers worldwide depend on CAD software to create highly detailed wiring diagrams, circuit board layouts, and other crucial schematics. This transition to digital design processes accelerates the creation of efficient electrical devices while aligning with the global trend toward Industry 4.0. With globalization facilitating dispersed engineering teams, cloud-based CAD software enables real-time collaboration across borders, significantly boosting the efficiency of global electrical product development.

The market is driven by rapid technological advancements and an increasing need for efficient, innovative electrical systems. Industry 4.0 has further underscored the need for digitizing design and manufacturing processes, and electrical CAD tools have become indispensable in this regard. As businesses across various sectors adapt to complex and energy-efficient designs, the adoption of CAD tools has expanded, offering cost savings, reduced design iterations, and enhanced accuracy. The rise in demand for energy-efficient systems and devices has led to a growing emphasis on CAD software as it allows engineers to optimize power usage and minimize environmental impact.

However, high-performance computer requirements, compatibility issues with other software platforms, and version control complexities across teams pose hurdles for widespread adoption. Furthermore, integrating electrical CAD software with enterprise resource planning (ERP) systems can be cumbersome, requiring specialized expertise and time.

The key regions considered for the Global Electrical CAD Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Electrical CAD Market in terms of revenue. The market growth in the region is being attributed to factors including its well-established industrial sector, significant investments in automation, and the presence of key players such as Autodesk, Inc. and Bentley Systems. The demand for efficient design software in sectors like construction, automotive, and energy has positioned North America as the leading market. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid industrialization, infrastructure development, and increasing adoption of automation technologies in countries like China, India, and Japan. The region's growth is also propelled by the expansion of manufacturing and energy industries, driving the need for advanced Electrical CAD solutions.

Major market players included in this report are:

Dassault Systemes (Solidworks)
Zuken Inc.
Trimble
Mentor Graphics
Bentley Systems
Autodesk
IGE+XAO
Eplan
Unigraphics (NX)
SmartDraw
ABB Ltd.
Hexagon AB
Altium Limited
Rockwell Automation, Inc.
CADD Centre Training Services Pvt. Ltd.

The detailed segments and sub-segments of the market are explained below:

By Type:

By Application:

Large Enterprises
SMEs

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electrical CAD Market Executive Summary

1.1. Global Electrical CAD Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electrical CAD Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electrical CAD Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Technological Advancements and Globalization to Surplus the Market Growth
- 3.1.2. Complexity of Electric System, Time, and Cost Savings to Raise the Market Share
3.2. Market Challenges
- 3.2.1. System Requirements, Limitations, and Compatibility Issues
3.3. Market Opportunities
- 3.3.1. Industry 4.0 and the Growing Need for Electrical System Optimization

Chapter 4. Global Electrical CAD Market Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electrical CAD Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Global Electrical CAD Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. 3D
- 5.2.2. 2D

Chapter 6. Global Electrical CAD Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global Electrical CAD Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Large Enterprises
- 6.2.2. SMEs

Chapter 7. Global Electrical CAD Market Size & Forecasts by Region (2022-2032)

7.1. North America Electrical CAD Market
- 7.1.1. U.S. Electrical CAD Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Electrical CAD Market
7.2. Europe Electrical CAD Market
- 7.2.1. U.K. Electrical CAD Market
- 7.2.2. Germany Electrical CAD Market
- 7.2.3. France Electrical CAD Market
- 7.2.4. Spain Electrical CAD Market
- 7.2.5. Italy Electrical CAD Market
- 7.2.6. Rest of Europe Electrical CAD Market
7.3. Asia Pacific Electrical CAD Market
- 7.3.1. China Electrical CAD Market
- 7.3.2. India Electrical CAD Market
- 7.3.3. Japan Electrical CAD Market
- 7.3.4. Australia Electrical CAD Market
- 7.3.5. South Korea Electrical CAD Market
- 7.3.6. Rest of Asia Pacific Electrical CAD Market
7.4. Latin America Electrical CAD Market
- 7.4.1. Brazil Electrical CAD Market
- 7.4.2. Mexico Electrical CAD Market
- 7.4.3. Rest of Latin America Electrical CAD Market
7.5. Middle East & Africa Electrical CAD Market
- 7.5.1. Saudi Arabia Electrical CAD Market
- 7.5.2. South Africa Electrical CAD Market
- 7.5.3. Rest of Middle East & Africa Electrical CAD Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Dassault Systemes (Solidworks)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 8.3.2. Zuken Inc.
- 8.3.3. Trimble
- 8.3.4. Mentor Graphics
- 8.3.5. Bentley Systems
- 8.3.6. Autodesk
- 8.3.7. IGE+XAO
- 8.3.8. Eplan
- 8.3.9. Unigraphics (NX)
- 8.3.10. SmartDraw
- 8.3.11. ABB Ltd.
- 8.3.12. Hexagon AB
- 8.3.13. Altium Limited
- 8.3.14. Rockwell Automation, Inc.
- 8.3.15. CADD Centre Training Services Pvt. Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes