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Growing Construction Sector to Boost India CAD Software Market Advance Factors such as the increasing application of computer-aided design (CAD) software in the construction industry, escalating need for the rapid production of goods, growing focus on smart manufacturing, and escalating demand for accurate and improved designs will drive the Indian CAD software market at a CAGR of 8.2% during the forecast period (2020–2025). At this rate, the market size will advance from $445.6 million in 2019 to $696.9 million by 2025. One of the prime factors behind the Indian CAD software market growth is the widescale adoption of CAD software in the construction sector. The construction industry uses CAD software to spot flaws in designs, facilitate precise designs and accurate measurements, and conduct an improved analysis of the designs. Moreover, growth drivers such as the rising initiatives by the government to enhance the infrastructure and increasing foreign direct investment (FDI) will fuel the demand for CAD software in India. Another key factor accelerating the Indian CAD software market growth is the surging number of initiatives by state governments for the development of infrastructure. These initiatives have resulted in huge investments in sectors such as construction, aerospace, healthcare, and automobile and increased the demand for high-quality, customized industrial products. Due to these reasons, various Indian states are focusing on industrial policies, thereby boosting the demand for CAD software in the country. The categories under the industry segment of the Indian CAD software market are architecture, engineering, construction, and manufacturing. During the forecast period, the architecture category will display the fastest growth due to the surging number of architectural projects in India, especially for residential properties. CAD software is utilized in the architecture industry to make designs that are used by teams of engineers to construct the models on site. Moreover, the increasing number of construction plans by government and private companies will boost the demand for architecture, engineering, and construction (AEC) services. At present, the Indian CAD software market is observing a shift toward subscription-based CAD software from the perpetual licensing model. Due to the high cost of the traditional CAD software licensing model, small and medium enterprises (SMEs) find it difficult to integrate it into their operations, on account of their low information technology (IT) budget. To deal with this issue, market players are focusing on providing subscription-based CAD software. By offering these subscription-based models, market players are also targeting start-up companies. During the forecast period, the state of Maharashtra is expected to demonstrate the fastest growth in the market. This can be attributed to the high GDP of Maharashtra and the dominance of this state on the nation’s manufacturing, finance, international trade, and technology sectors. Further, Nashik is expected to grow the fastest due to the improving infrastructure sector in the city, existence of numerous construction and engineering companies, and rapid adoption of innovative technologies by industries and their focus on novel electrical parts and equipment designing, for higher production. Thus, the spurring demand from the construction sector, increasing availability of subscription-based CAD software, and escalating support from the central and state governments will augment the demand for CAD solutions in the future. Read More: https://www.psmarketresearch.com/market-analysis/india-cad-software-market

Rising Expansion of Electronics Sector Fuels Quantum Dots Industry Quantum dots are known as artificial atoms. These are widely used for commercial and clinical applications. The quantum dots possess unique fluorescent and electronic characteristics, including high photochemical stability, narrow emission spectra, and continuous absorption spectra. Their small size and high surface area with such electrical and optical characteristics make them ideal for biotechnology and biomedical applications. The quantum dots industry is projected to rise in the coming years, and it is ascribed to the rising requirement for quantum dots in high-quality display devices, worldwide in the electronics industry. Some favorable macroeconomic factors include the rising interest of people in advanced technology and rising disposable income. Under the material segment, the quantum dots industry is segmented into cadmium sulfide (CdS), cadmium selenide (CdSe), indium arsenide, cadmium telluride (CdTe), and others. The CdSe category leads the industry. It is ascribed to the fact, that electroluminescence and photoluminescence emission caused due to CdSe quantum dots. CdSe quantum dots are used in various applications such as color modifiers for LEDs, color display, low-threshold lasers, optical fiber amplifiers, and self-assembled photonic sphere arrays. Under the type segment, the quantum dots industry is categorized into healthcare, optoelectronics, renewable energy, optics, and security & surveillance. Among these, the optoelectronics category dominates the industry. It is ascribed to the worldwide expansion of the electronics industry, which resulted in massive demand for quantum dots. APAC is projected to experience the fastest growth in the industry. It is ascribed to the rising application of quantum dots technology in countries such as India, South Korea, China, and Japan. Furthermore, the deployment of quantum dots in mobile displays, energy storage systems, mobile displays, medical devices, and solid-state lighting solutions boosts the industry. The worldwide rising display-based electronics industry fuels the demand for quantum dots. Over the last few years, the electronics industry has fuelled the display industry, it resulted in substantial demand for quantum dots. In addition, the high demand for tablets, personal computers, and smartphones propels the requirement for quantum dots in Europe, APAC, and North America. In addition, surging disposable income and improving the quality living standards of people in emerging economies, such as India, China, and Brazil create opportunities for the expansion of the quantum dots industry. In APAC, most electronic products are manufactured in Japan, China, and South Korea. Therefore, the demand for tablets, smartphones, and television is rising at a substantial rate. It results in massive demand for quantum dots. Furthermore, rising power requirement in the region results in energy-efficient technology and photovoltaic industry propulsion, which boosts the demand for quantum dots. The major players operating in the industry are; Quantum Materials Corporation, QD Laser Inc., Ocean Nanotech LLC, Nanoco Group PLC, Invisage Technologies Inc., NN-LABS LLC, and QD Vision Inc. The expansion of the electronics sector results in quantum dots industry propulsion. Read More: https://www.psmarketresearch.com/market-analysis/quantum-dots-market