Electrical Computer-aided Design (ecad) Software Market Size To Grow Usd 3756.5 Million By 2029 At A Cagr Of 6.6%

The global electrical computer-aided design (ECAD) software market is projected to reach USD 3756.5 Million by 2029 with a CAGR of 6.6% during the period of 2023 to 2029. The market is driven by the increasing complexity of electronic systems, the need for efficiency and automation in industrial design processes, and the growing popularity of electric cars and renewable energy technologies. Other factors driving the market include the push for digitization and smart manufacturing, the fusion of AI and machine learning, and the growth of the Internet of Things (IoT).