Global Electrical Computer-Aided Design (ECAD) Market Size, By Vertical,

electrical computer-aided design (ecad) is a software tool used for designing, drafting, and creating electrical schematics, diagrams, and plans for various electronic systems. it is an essential tool for the modern-day electronics industry, as it helps in streamlining the design process and reducing production time. the global electrical computer-aided design market has shown significant growth in recent years and is expected to continue its upward trend in the coming years. the global ecad market size is estimated to be around $913 million in 2018 and is projected to reach $1319 million by 2024, growing at a cagr of 6.2% during the forecast period. the increasing adoption of software automation in the electronics industry is one of the major factors driving the growth of the ecad market. the need for faster and more accurate designs, increasing demand for consumer electronics, and the growing use of simulation and analysis tools for product development are also contributing to the market's growth. the market is divided into several verticals, including automotive, aerospace and defense, industrial machinery, healthcare, consumer electronics, and others. among these, the automotive industry is expected to witness the highest growth during the forecast period. the increasing use of electronic components in vehicles for advanced driver assistance systems, infotainment systems, and electric vehicles is driving the demand for ecad software in this vertical. moreover, the rise in demand for fuel-efficient and technologically advanced vehicles is also contributing to the market's growth in this segment. in the aerospace and defense sector, ecad software is used for designing and developing electronic systems for aircraft, satellites, and military equipment. the increasing investments in this sector, coupled with the rising demand for modern and advanced defense technology, are expected to drive the growth of the ecad market in this vertical. the industrial machinery segment is also a significant contributor to the ecad market, as ecad software is used in the design and development of industrial machinery such as robots and control systems. the growing industrial automation trend, along with the need for efficient and cost-effective machinery, is expected to boost the demand for ecad software in this segment. the healthcare industry is also adopting ecad software for designing and developing medical devices, such as diagnostic equipment and monitoring systems. the increasing demand for advanced medical technology, coupled with the growing health awareness and aging population, is expected to drive the market's growth in this vertical. in conclusion, the global electrical computer-aided design market is witnessing significant growth, driven by the increasing adoption of automation in the electronics industry. with the advancements in technology and the growing demand for advanced electronic devices in various industries, the ecad market is expected to continue its upward trend in the coming years.