Global Technology CAD Software Market is valued approximately USD 170 million in 2020 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2021-2027. Technology CAD (Computer-Aided Design) Software is used for the process of designing, modifying and analyzing the designs of the products. These CAD Software used for these designs are primarily used to prevent the theft and other confidential layouts of the company. Increasing demand from the End User Industries such as Automotive, Industrial, Defense and Aerospace Industries and increase in the demand of automated and electronic devices, that is, Implantable and Wearable Medical Devices (IWMD) are factors contributing to the market growth. For instance, according to Statista, the number of users using electronic devices is expected to go up from 1976 million, in the year 2021 to 2725.7 million by the year 2025. Thus, with an increase in demand of electronic gadgets such as Implantable and Wearable Medical Devices (IWMD) there will be an ultimate increase in the CAD Software in the long run. However, increased competition from new and existing key players in the market and lack of skilled professionals impedes the growth of the market over the forecast period of 2021-2027. Also, increasing use of computer controlled medicinal equipment and mergers & acquisitions by market players are likely to increase the growth of the market in the forecasting period.

The regional analysis of global Technology CAD Software market includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region in terms of market share, across the world owing to the presence of well-established manufacturing units. Whereas, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as availability of raw materials and labor at cheaper price coupled with technological advancements would create lucrative growth prospects for the Technology CAD Software market across Asia Pacific region.

Major market player included in this report are:

Dassault Systemes SolidWorks Corp
Synopsys Inc
Silvaco Inc
Cogenda Pte Ltd
Crosslight Software Inc
Global TCAD Solutions (GTS) GmbH
NTT Data Mathematical Systems Inc
Autodesk Inc
Bentley Systems Inc
Hexagon AB

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application type:
Image Sensors
Solar Cells
Analog/ RF Sensors
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Technology CAD Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers