DUBLIN – (BUSINESS WIRE) – The report “Global Technology CAD Software Market By Application (Solar Cells, Analog / RF Devices, Image Sensors and CMOS), By Region, Industry Analysis and Forecast, 2020-2026” has been added to ResearchAndMarkets.com from offer.
The global technology CAD software market size is expected to reach $ 272.7 million by 2026, with the market growth of 12.3% CAGR during the forecast period.
Technology Computer Aided Design (TCAD) is imitation software used to design and augment semiconductor processing technologies and devices. Technology Computer Aided Design basically has two main functions which are process simulation and device simulation. The software performs these functions by taking the description of the behavior of the device, the arrangement of the transistors and the manufacturing process in order to manufacture silicon. By using model-based simulation, computer-aided design technology increases wafer yield. It is mainly used by semiconductor or integrated circuit (IC) manufacturers to reduce the time spent testing wafer cycles for new device development. Technology Computer-aided design improves process modules and decreases the development of experimental cycles.
It also increases efficiency and robustness and captures and analyzes the effect of process variation on device performance. These factors are expected to drive the growth of CAD software technologies market over the foreseeable period. Technological advancements and the increasing adoption of more advanced electronic components in the healthcare industry are increasingly evident. For example, the introduction of smart health systems, such as implantable and wearable medical devices (IWMD), and the emergence of transformative technologies, are positively impacting the growth of the market. In addition, the increasing use of digital equipment, such as computer-controlled medical equipment, is likely to prompt manufacturers of such equipment to adopt TCAD software in order to design the necessary PCBs and MCMs.
The growth of the CAD software market has shown a decline in 2020, due to the COVID-19 outbreak which has resulted in complete lockdowns in many countries. Many factors like breaking and entering in several industries due to partial or full foreclosure have been believed to be responsible for the weak growth of the market in 2020. Moreover, in the entertainment and media industry, there has been a intermittent market disruption. the production of films and advertisements. In addition, building construction has also been suspended in some countries, reducing 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 leading innovators in the market.
Major companies featured 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.
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