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Stock impact report

Optical Design Software Market to Exceed Valuation of USD 1,531.66 Million By 2032, at 6.13% CAGR: Astute Analytica [Yahoo! Finance]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
North America currently dominates the market, fueled by its strength in medical imaging and innovation. Key trends include the integration of AI, cloud solutions, and a focus on emerging technologies. New Delhi, April 15, 2024 (GLOBE NEWSWIRE) -- According to Astute Analytica, the global optical design software market is projected to surpass US$ 1,531.66 million by 2032, up from US$ 896.64 million in 2023, at a CAGR of 6.13% during the assessment period 2024–2032. The optical design software market is poised for significant expansion in the coming years, fueled by a confluence of technological advancements and growing demand across diverse industries. The explosion of consumer electronics has been a particularly potent catalyst. The insatiable appetite for smartphones, which now routinely feature sophisticated multi-lens camera systems, has spurred the need for sophisticated optical design tools. In 2023 alone, an estimated 1.1 billion smartphones were shipped worldwide, underscor Show less Read more
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