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 experiencing a transformative shift with the increasing adoption of generative AI. AI is no longer confined to the background as an optimization engine; instead, it is being integrated into the core of computer-aided design (CAD) and product lifecycle management (PLM) software. This integration manifests as interactive, conversational assistants or copilots. Designers can now engage with AI using natural language, enabling a more intuitive and iterative design process. This democratization of AI expands its accessibility, reducing the requirement for specialized expertise in simulation or programming to utilize advanced design tools. Overall, AI's role in industrial design is evolving from a passive optimizer to an active, collaborative partner in the design process. 

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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

In the industrial design market, AI is revolutionizing the design process through technologies like design synthesis, shape optimization, and performance prediction using AI design assistants. Interactive design and digital manufacturing are enhanced with AI-driven simulation, while design collaboration tools facilitate real-time exploration and evaluation using design decision support and design rule checking. Computational design, featuring parametric modeling and visual design AI, enables product design innovation. AI assists in design understanding through data visualization techniques, design knowledge extraction, and design pattern learning. CAD integration, geometric modeling, feature extraction, design evaluation metrics, and design process automation are also transformed by AI, leading to advanced structural analysis, fluid dynamics simulation, prototype generation, and design validation. AI-assisted engineering streamlines the entire design cycle, from ideation to manufacturing.

Market Research Overview

The global IT software market encompasses businesses specializing in the development and production of application software, excluding those in the interactive home entertainment and systems software sectors. This market includes enterprise and technical software, as well as cloud-based solutions. Technavio's market analysis covers revenue generated by companies providing various IT software offerings, such as generative design algorithms, AI-powered CAD software, machine learning models, and 3D printing optimization tools, within this application software domain.. 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/