The Global Technology CAD Software Market size is expected to reach $272.7 Million by 2026, rising at a market growth of 12.3% CAGR during the forecast period.
Technology Computer-Aided Design (TCAD) is an imitation software that is used to design and augment semiconductor processing devices and technologies. Technology Computer-aided design has basically two major functions that are process simulation and device simulation. The software achieves these functions by taking the description of the device behavior, transistor layout, and fabrication process in order to make silicon. By using model-based simulation, technology Computer-aided design expands wafer yield. It is used mostly used by semiconductor or Integrated Circuit (IC) manufacturers to decrease the time consumed for testing wafer runs for the development of a new device. Technology Computer-aided design enhances process modules and decreases the development of experimental cycles.
It also escalates the yield and stoutness and captures then analyses the effect of process variation on the performance of the device. These factors are expected to drive the growth of the market for CAD software technology over the foreseeable period. Advancements in technology and the growing adoption of more advanced electronics components in the healthcare industry are getting more evident. For example, the introduction of smart healthcare systems, like Implantable and Wearable Medical Devices (IWMD), and the occurrence of transformative technologies, have a positive impact on market growth. Moreover, the growing usage of digital equipment, like computer-controlled medical equipment, is likely to encourage the manufacturers of this equipment to adopt TCAD software in order to design the necessary PCBs and MCMs.
The growth of the CAD software market has shown a fall in the year 2020, due to the outbreak of COVID-19 that resulted in complete lockdown in many countries. Many factors like break-in production in several industries due to the partial or complete lockdown have been considered to be responsible for the slow growth of the market in 2020. Moreover, in the entertainment, and media industry, there has been an intermittent interruption in the production of movie and advertisements. Moreover, the construction of the building has also been on hold in some countries, thus decreasing the demand for CAD software.
Companies such as Synopsys, Inc., Dassault Systemes SE, Autodesk, Inc., Grabert GmbH, and NTT Data Corporation are some of the key innovators in the market.
Key companies profiled in the report include Siemens AG, Autodesk, Inc., Dassault Systemes SE, NTT Data Corporation (NTT Data Mathematical Systems, Inc.), Synopsys, Inc., PTC, Inc., Grabert GmbH, Crosslight Software, Inc., Cogenda Pte. Ltd., and Silvaco, Inc.