Technology CAD Software Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global technology CAD software market is anticipated to grow at a CAGR of 9.1% during the forecast period. Increased virtual and augmented reality (VR/AR) technologies drive the demand for CAD software market. Rising demand for smart devices would particularly encourage IC manufacturers to adopt technology computer-aided design software. Connected device manufacturers are collaborating with technology computer-aided design software developers to launch innovative smart devices that can support machine-to-human interaction. Connected devices, such as smart speakers, are increasingly being integrated with Automatic Speech Recognition (ASR) to make them capable of receiving, understanding, and interpreting voice commands.

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Various designed image processing reproduces the colour of the print in a deep and vivid manner. Equipped with newly developed magenta ink for excellent red colour development, it helps to reproduce important details highlighted in lines and texts. For instance, in October 2023, Canon Singapore Pte. Ltd. launched New imagePROGRAF Multi-Use Large Format Printers for CAD Drawings and Posters. The six models in the new 5-Colour Pigment Ink TM Series offer high-speed printing, vivid colour reproduction with new magenta ink and a functional body design.

CAD software platform is built on input from in-field designers, making its logical and intelligent structure both intuitive and user friendly. Safety is improved by providing more flexibility to non-verified virtual machines to prevent potential collisions. For instance, in January 2021, Tebis launched Complete CAD/CAM System 4.1. The latest generation CAD/CAM software provides seamless, highly automated mold, die and model design, development, programming and manufacturing in a single system. Tebis 4.1 integrates measuring and production, resulting in shorter setup and machining time, higher component quality and fewer correction iterations.

New design functions that allow mechanical, electrical, and control designers to keep and utilize operation and manufacturing information, as well as functions that enable the use of 3D data in manufacturing and maintenance services. For instance, in November 2020, Fujitsu Ltd. launched iCAD SX V8L1, the latest version of the 3D CAD software Fujitsu Manufacturing Industry Solution COLMINA Design & Manufacturing Support iCAD SX(1) for machinery design, which is powered by the world's fastest 3D CAD engine.

Global Technology CAD Software Market Report Segment

By Technology

• CMOS
• Image Sensors
• Solar Cells
• Analog/RF Devices

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Technology CAD Software Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Altair Engineering Inc.
• ANSYS, Inc
• Bentley Systems, Inc.
• COMSOL
• Corel Corp.
• Esri
• Hexagon AB
• Lumion
• Nemetschek Group
• PTC
• SolidWorks Corp

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