Technology CAD Software Market Size, Share & Trends Analysis Report By Application Type (CMOS, Image Sensors, Solar Cells, Analog/RF Sensors), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global Technology CAD software market size was valued at USD 154.5 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2020 to 2027. Technology Computer-Aided Design (TCAD) is a simulation software used to design and optimize semiconductor processing technologies and devices. Technology Computer-aided design has two major functions known as device simulation and process simulation. The software performs these functions by capturing the description of the transistor layout, device behavior, and fabrication process for making silicon. Technology Computer-aided design improves wafer yield by using model-based simulation. It is used by semiconductor or Integrated Circuit (IC) manufacturers to reduce time consumed in testing wafer runs while developing a new device. Technology Computer-aided design optimizes process modules and reduces the development of experimental cycles. 

It also increases yield and robustness and captures and analyses the impact of process variation on device performance. Such factors are anticipated to fuel the growth of the market for technology computer-aided design software over the forecast period. Technological advancements and the growing adoption of advanced electronics components are getting evident in the healthcare industry. For instance, the advent of smart healthcare systems, such as Implantable and Wearable Medical Devices (IWMD), and the emergence of transformative technologies, have positively impacted market growth. Furthermore, increasing usage of digital equipment, such as computer-controlled medical equipment, is expected to encourage the makers of such equipment to adopt TCAD software for designing the necessary MCMs and PCBs.

There has been a significant increase in the sales of consumer and wireless electronic products in recent years. The increasing demand for electronic products has augmented the need for chips and systems with benefits such as reduced size, improved functionality and performance, and lower power consumption. The designing process of these chips and systems is extremely complex and requires state-of-the-art design solutions. This is expected to drive the market for technology computer-aided design software over the forecast period.

The rising adoption of technology Computer-aided design software for designing electronic systems in augmented reality, machine learning, internet-of-things, virtual reality, aerospace and defense, and autonomous vehicle subsystems, among others, is also expected to impact the market growth, positively. Hardware designers adopt novel manufacturing methods and products such as multiple-patterning lithography and FinFET transistors to design chips effectively. Key customers, such as hardware designers, prefer technology Computer-aided design software that ensures faster time-to-market, mitigates risks, achieves the highest quality of results, and maximizes profitability.

In order to withstand competition, technology Computer-aided design software providers are expected to invest in M&As, technological advancements, and better solution offerings. Furthermore, several technology Computer-aided design software providers are also aiming to expand their presence in the Asia Pacific region as electronics manufacturing activities in the region have increased.

Furthermore, the growing trend of miniaturization of chips and other systems has allowed manufacturers to use electronic components in diverse applications such as smart fitness products and surgical devices. The rising awareness and acceptance of smart fitness devices are encouraging electronic design companies to invest in innovative design software tools for designing enhanced and compact products, thereby, propelling the growth of the market for technology computer-aided design software over the forecast period.

Application Type Insights

The solar cells segment dominated the Technology Computer-Aided Design (TCAD) software market and held the largest revenue share of 31.0% in 2019. This is attributable to the rising usage of solar cells in electric vehicles, electricity generation, and solar-powered vehicles. Furthermore, rising demand for renewable energy sources owing to its environmental benefits has significantly fueled the demand for solar cells, thereby creating growth opportunities.

The CMOS segment is expected to expand at a CAGR of over 5.0% in the market for technology computer-aided design software over the forecast period. CMOS stands for complementary metal-oxide-semiconductor and is widely used in microprocessors, microcontrollers, and digital cameras. Growing usage of microprocessors and controllers in smartcard applications, automated controls, sensing applications, and other smart devices, coupled with the changing dynamics of processors in terms of size and processing power, is expected to propel the demand for microprocessors and microcontrollers, thereby resulting in segment growth.

Regional Insights

North America dominated the market for technology computer-aided design software, accounting for the largest revenue share of 41.6% in 2019. This is attributable to the presence of numerous technology Computer-aided design software providers and semiconductor manufacturing companies in the region. Furthermore, the region is anticipated to witness a CAGR of 9.0% over the forecast period. Continued deployment of automated, connected, and smart vehicles and the continued rollout of the infrastructure required to establish connectivity with these vehicles is expected to bolster market growth.

In Asia Pacific, the market for technology computer-aided design software was valued at more than USD 50.0 million in 2019 and is projected to reach over USD 110.0 million by 2027, expanding at a CAGR of over 10.0% over the forecast period. The rising adoption of technology Computer-aided design software in the region is expected to increase on account of the growing number of electronics manufacturing companies in the region, particularly in China. The country accounted for more than 30.0% share of production owing to low-cost labor and mass availability of raw materials.

Key Companies & Market Share Insights

The market for technology Computer-aided design software is consolidated and characterized by intense competitive rivalry. In addition, the market has witnessed various inorganic growth strategies such as acquisitions and mergers, partnerships, and collaboration adopted by companies over the recent past. For instance, in March 2020, Silvaco, Inc., in partnership with the American-Dutch semiconductor manufacturer NXP Semiconductors N.V., announced that the companies would together create a next-gen MIPI I3C semiconductor intellectual property. Under this collaboration, Silvaco will make available to its clients directly a new set of state-of-the-art MIPI V1.1 specification-compliant intellectual property cores.

Market players are also focusing on expanding their business by launching various partnership programs. For instance, in June 2020, Synopsys, Inc. announced its academic partnership extension and has entered into a contract for licensing new digital synthesis technologies from EPFL, the Lausanne-based Swiss Federal Institute of Technology. The company has been developing a digitally enabled circuit design flow of Superconducting Electronics (SCE) in collaboration with the Yokohama National University and the University of Rochester. The work has been carried out under the Intelligence Advanced Research Projects Activity’s (IARPA) SuperTools project, a study that focuses on the development of a superconducting electronics circuit design, by creating a wide-ranging set of EDA and technology Computer-aided design tools, for enabling the design and analysis of SCE circuits with Very-Large-Scale Integration (VLSI). Some of the prominent players in the Technology Computer-Aided Design (TCAD) software market include:

• Synopsys, Inc.

• Silvaco Inc.

• Cogenda Pte Ltd.

• Crosslight Software Inc.

• Global TCAD Solutions (GTS) GmbH

• NTT Data Mathematical Systems, Inc.

Technology CAD Software Market Report Scope 

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global Technology CAD software market report based on application type and region:

• Application Type Outlook (Revenue, USD Million, 2016 - 2027)

  • CMOS

  • Image Sensors

  • Solar Cells

  • Analog/RF Devices

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa