(MENAFN – GlobeNewsWire – Nasdaq) New York, Oct. 06, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Computer-Aided Design (CAD) Industry” – [To enable links contact MENAFN]
4 Billion by 2027, growing at a CAGR of 5.9% over the period 2020-2027.3D, one of the segments analyzed in the report, is projected to grow at a 6.7% CAGR to reach US$9.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 2D segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 27.2% share of the global Computer-Aided Design (CAD) market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9% CAGR for the Period of 2020-2027
The Computer-Aided Design (CAD) market in the U.S. is estimated at US$2.2 Billion in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 9.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$2.7 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 279-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Bradley Rothenberg, cofounder and CEO of nTopology, is building next generation design software that relies on mathematical computations to create 3D-printed parts and products that are lighter and more efficient than would be possible with older CAD systems. As 3D printing takes hold as a means for mass production in industries like aerospace, automotive and healthcare, his New York City-based startup expects revenue to more than triple this year, to $5 million, up from $1.5 million in 2019.
That’s still tiny, of course, but the market for this type of cloud-based generative design software is growing so fast that in June – six months earlier than expected and despite the pandemic – nTopology raised $42 million led by Insight Partners at a valuation of $140 million. The fresh capital will help nTopology, which has 82 employees, expand as industries including aerospace, automotive and healthcare adopt 3D printing for future products, such as electric vehicles.
“We’re the toolmakers behind the scenes enabling this whole industry to work,” says Rothenberg, 35.
The startup’s cloud-based software, which costs roughly $5,000 per user per year, has been used to redesign brackets for space satellites, to make more efficient spinal cages for back surgery and to rapidly create nasal swabs for Covid-19 testing during the pandemic, among other uses. Customers include Lockheed Martin (which is also an investor), Raytheon, BMW, Daimler, Trek Bikes, NASA and Lightforce Orthodontics.
As manufacturers turn to 3D printing to produce parts and products at mass scale, nTopology is part of an emerging industry of next-generation design software that includes products from Autodesk, Dassault Systemes’ Solidworks and PTC’s Frustum. The advanced computations in nTop’s software allow it to create structures that are hollowed out or have lattice designs that could only be created with
The way your website looks and functions has a huge impact on user experience and how your brand is perceived. If your website looks like you’re sending visitors back to the ‘90s, it can potentially impact future business. (You hate to see ’em, but they’re still out there.)
Redesigning a website is a great way to refresh branding, features, functionality, and more.
Sure, you might touch up your content here and there to better align with your mission statement, but a full redesign is probably necessary every few years (if you’re not making incremental changes and updates along the way).
This is exciting! You finally committed to revamping your site, but now you realize you’re missing a major piece of the puzzle – an in-house designer and developer. Or perhaps the designers you do have just don’t have the time or can’t quite do what you want.
It’s time to call up an outsourced web designer.
What Is Website Design and Development?
Web design refers to the process of creating the visual aspects of a website, such as the layout, colors, graphics, and text font.
It also includes the design aspects that provide the users with an excellent experience, which means a web designer should make sure the site is navigable and aesthetically pleasing.
Web development refers to building the backend of a site. This includes all of the coding and maintenance of a site that contributes to the performance of the website to ensure a great user experience. Web developers make sure a website is fast and responsive.
Both website design and development require experienced professionals to carry out web creation tasks successfully.
5 Benefits of Outsourcing Website Design and Development
It Gives You Access to Top Talent.
Your budget may not allow you to hire the
The news cycle this week seemed to grab people by the collar and shake them violently. On Wednesday, Palantir went public. The secretive company with ties to the military, spy agencies, and ICE is reliant on government contracts and intent on racking up more sensitive data and contracts in the U.S. and overseas.
Following a surveillance-as-a-service blitz last week, Amazon introduced Amazon One, which allows touchless biometric scans of people’s palms for Amazon or third-party customers. The company claims palm scans are less invasive than other forms of biometric identifiers like facial recognition.
On Thursday afternoon, in the short break between an out-of-control presidential debate and the revelation that the president and his wife had contracted COVID-19, Twitter shared more details about how it created AI that appears to prefer white faces over black faces. In a blog post, Twitter chief technology officer Parag Agrawal and chief design officer Dantley Davis called failure to publish the bias analysis at the same time as the rollout of the algorithm years ago “an oversight.” The Twitter executives shared additional details about a bias assessment that took place in 2017, and Twitter says it’s working on moving away from the use of saliency algorithms. When the problem initially received attention, Davis said Twitter would consider getting rid of image cropping altogether.
There are still unanswered questions about how Twitter used its saliency algorithm, and in some ways the blog post shared late Thursday brings up more questions than it answers. The blog post simultaneously states that no AI can be completely free of bias, and that Twitter’s analysis of its saliency algorithm showed no racial or gender bias. A Twitter engineer said some evidence of bias was found during the initial assessment.
Twitter also continues to share none of the results from
Footwear Market will Showcase Negative Impact during 2020-2024 | Design and Material Innovations to Boost the Market Growth
Technavio has been monitoring the footwear market and it is poised to grow by $ 42.06 bn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201001005812/en/
Technavio has announced its latest market research report titled Global Footwear Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Corp., Burberry Group PLC, New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Design and material innovations have been instrumental in driving the growth of the market. However, rising labor cost and fluctuating raw material prices might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent