Global Optical Design Software Market, By Solution; By Technology; By Application; By Industry-Estimation & Forecast, 2017-2030

Surging Global Optical Design Software Market: Forecasted to Reach US$ 1.38 Bn by 2030

The Optical Design Software market, with a strong footing at US$ 862.90 Mn in 2022, is set to experience significant expansion over the next decade. The market is expected to grow at a CAGR of 6.45%, attaining an estimated value of US$ 1.38 Bn by 2030. As the demand for optical systems across various industries continues to rise, so does the criticality of software designed to develop and analyze them.

Growth Influencers:

The rapid growth of the Optical Design Software market is largely influenced by the rising demand for high-quality modeling and analysis of optical systems and the increasing applications in various industries. However, the market faces restraints including the lack of skilled labor, and the technical complexities & high prices associated with optical design software.

Segments Overview:

The market is divided into Solution, Technology, Applications, and Industry.

By Solution

• Software
• Cloud
• Offline
• Services
• Managed
• Professional

By Technology

• AI & Machine learning
• Application Security Testing
• 3DIC
• Design technology Co optimization
• DevSecOps
• FinFet
• Hand-held multi-mode phones

By Application

• Imaging
• Thin Film coating
• Non-linear optics
• Quantum dot
• Fourier Optics
• Gaussian Beam

By Industry

• Aerospace & Defense
• Automotive
• Medical
• Manufacturing
• Public Sector

In terms of the solution, the software segment dominated the market with the highest market share of 72.4% in 2022 and is expected to grow at the highest CAGR of 6.63%. Within the technology section, 3DIC technology holds the market lead with the highest share of 24.5% in 2022. Quantum dot application is also poised to generate significant revenue of over USD 100 Mn by 2026. The industries prominently deploying optical design software include aerospace & defense, automotive, medical, and manufacturing sectors.

Regional Overview:

From a geographical perspective, market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, & South America.

North America

• The U.S.
• Canada
• Mexico

Europe

• Wastern Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Russia
• Poland
• Rest of Eastern Europe

Asia Pacific

• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific

Middle East & Africa

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa (MEA)

South America

• Brazil
• Argentina
• Rest of South America

North America, with a market share of 36.6% in 2022, leads the Optical Design Software market. Factors such as technological advancements and wide industrial applications fuel the region's market dominance. Meanwhile, the Asia Pacific region is on a swift growth trajectory with a CAGR of 7.14%, underpinned by substantial investments in technology and increasing adoption in various industries.

Competitive Landscape:

The market is characterized by competition among prominent players like 3D Optix, AEH inc., Airy Optics Inc., Alter Technology, Ansys, BeamXpert, Comsol, ELE Optics, Excelitas (Qioptiq), K2realm, Lambda Research Corporation, LTI Optics LLC, Lumerical, Photon Engineering LLC, Synopsys, Zemax, and others. Together, these players account for a market share of 26.09%. Ansys's contribution to market dynamism is notable with its July 2022 launch of Ansys 2022 R2, an innovation integrating AI capabilities and simulation technologies.

Report Insight:

• Detailed insight into market segments
• Comprehensive analysis of growth influencers
• In-depth regional market evaluation
• Insights into the competitive landscape
• Market growth predictions

Questions to be Answered in the Report:

• What are the key trends and opportunities in the Optical Design Software market?
• What will be the market size and growth rate by the end of 2030?
• Who are the major players in the Optical Design Software market?
• What are the key drivers and restraints of the market?
• What are the emerging applications of Optical Design Software in different industries?