Latest News- AI In Industrial Design Market: Software is expected to lead the Component segment during 2025-2029

The AI In Industrial Design Market is being driven by Imperative to accelerate innovation and reduce product development cycles

The AI In Industrial Design Market is expected to grow at a CAGR of 37.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18995.8 million. The industrial design market is witnessing a transformative shift with the increasing adoption of generative AI as a proactive design partner. AI is no longer confined to the background as an optimization engine, but is now integrated into the core of computer-aided design (CAD) and product lifecycle management (PLM) software. This integration is evident in the form of interactive, conversational assistants or copilots. Designers can now engage with AI using natural language, fostering a more intuitive and iterative design process. This democratization of AI broadens the user base, reducing the requirement for specialized expertise in simulation or programming to utilize advanced design tools. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Services
• Deployment
  • Cloud
  • On-premises
• End-user
  • Automotive
  • Consumer electronics
  • Aerospace and defense
  • Healthcare
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Imperative to accelerate innovation and reduce product development cycles
• Rising product complexity and the demand for mass customization
• Integration with industry 4.0 and digital twin technologies

However, the market also witnesses some limitations, which are as follows:

• High implementation costs and integration complexity
• Data security and intellectual property concerns
• Shortage of skilled professionals and the need for workforce reskilling

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Market Scope in AI In Industrial Design Market Research Report

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Research Analysis Overview

Artificial Intelligence (AI) is revolutionizing the Industrial Design market with advanced tools such as Design Exploration AI, AI-driven Design Innovation, and AI-based Design Review. These technologies offer AI Design Assistance, Parametric Modeling Software integration, and Design Automation. AI-enhanced Design includes Virtual Reality Design, Augmented Reality Prototyping, and AI-driven Design Collaboration. Additionally, Design Process Automation, Design Optimization Algorithms, and AI-powered Design Analysis contribute to an AI-driven Design Process. AI-based Design Validation and AI-assisted Prototyping ensure accurate and efficient Design Iteration. 3D Modeling AI and AI-driven Visualization further enhance the design experience. Overall, Design Intelligence Software and AI-powered Design Analysis are transforming the Industrial Design landscape.

Market Research Overview

In the IT software market, the industrial design sector is experiencing significant growth due to the integration of advanced technologies such as generative design algorithms, AI-powered CAD software, 3D printing optimization, and parametric modeling techniques. These technologies enable more efficient design processes, reduced production costs, and improved product quality. Companies specializing in application software for industrial design are key players in this market, providing solutions for enterprise and technical applications, as well as cloud-based services. According to Technavio, the global application software market size is calculated based on the combined revenue of these companies, excluding those engaged in interactive home entertainment or producing database management software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/