Authored By: Sarah
11 Jul 2024

 Generative Design Market Size to grow by USD 195.2 million between 2024-2028

According to a research report “ Generative Design Market” by Component (Software, Service) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 195.2 million, at a CAGR of  18.54% during the forecast period. Generative design solutions have gained significant traction in the global market, with vendors offering trial or free versions to attract new customers, particularly Small and Medium Enterprises (SMEs). These limited-feature versions enable SMEs to experiment with the technology at a minimal cost, potentially increasing market penetration. Simultaneously, larger enterprises are offered trials to evaluate the software's capabilities before making a purchase decision. This strategic approach allows vendors to expand their customer base and establish a strong market presence.

Browse market data tables, figures, and in-depth TOC on “Generative Design Market” by Component (Software, Service) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Component, the Software segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, North America  segment is expected to hold the largest market size for the year 2024

The Generative Design market represents a significant growth opportunity for businesses seeking to optimize their product development processes. By leveraging advanced algorithms and AI technologies, Generative Design automates the design process, generating multiple solutions that can be evaluated and selected based on specific business requirements. This streamlined approach leads to increased efficiency, reduced costs, and improved product innovation. Companies in various industries, including manufacturing, automotive, and architecture, are increasingly adopting Generative Design to gain a competitive edge.

North America is forecasted to hold the largest market size by region in 2024

The Generative Design Market represents a significant growth opportunity for businesses seeking to optimize their product development processes. By leveraging advanced algorithms and AI technologies, generative design solutions automate the ideation phase, generating numerous design options that can be evaluated and refined for optimal performance, cost, and sustainability. This streamlined approach not only reduces time-to-market but also fosters innovation and competitive advantage. Companies across industries, from manufacturing to architecture, are increasingly adopting generative design to enhance their product offerings and stay ahead of the competition.

The Generative Design Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3DVerkstan AB
  • A2K Technologies
  • Altair Engineering Inc.
  • AMFG 
  • ANSYS Inc.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • CIDEON Software & Services GmbH & Co. KG
  • Dassault Systemes SE
  • Desktop Metal Inc.
  • Diabatix NV
  • DIGITAL DESIGN SOLUTIONS
  • GEO - Design Engineering Services INC.
  • Hexagon AB
  • nTopology Inc.
  • ParaMatters Inc.
  • Sculpteo Inc.
  • Siemens AG
  • Simufact Engineering GmbH
.

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Research Analysis Overview

The Generative Design Market is experiencing significant growth as advanced technologies like Machine Learning, IoT, and Big Data continue to revolutionize the design industry. This market encompasses various sectors, including Passenger Safety in Automotives and Aircraft, where generative design software is used to optimize Spatial Requirements and Design Goals, ensuring maximum safety while minimizing weight and environmental impact. In Architecture, Building Information Modeling (BIM) is being augmented with generative design tools, enabling designers to explore Design Exploration Processes more efficiently. Heat Transfer and Flow Simulation are critical applications of generative design in industries like Automotives and Aerospace. These tools use Graphic Processing Units (GPUs) and 3D Renderers to analyze complex systems and generate optimal designs. Generative design software also plays a crucial role in Product Design & Development, allowing designers to iterate faster and create innovative solutions. However, implementing these advanced technologies comes with challenges, such as Data Security, Learning and Training, and On-premises Deployment. As generative design becomes more prevalent, it's essential to consider the ethical implications of AI and its impact on various industries. In summary, the Generative Design Market offers numerous benefits, from enhancing Passenger Safety and reducing Environmental Impact to improving Architecture and Product Design & Development. However, it also requires careful consideration of Advanced Technologies, Designers' skills, and potential challenges to ensure successful implementation.

Market Research Overview

The Generative Design Market is experiencing significant growth in various end-use industries, including consumer goods, automotives, architecture and construction, aerospace and defense, and industrial manufacturing. Lightweight vehicle products and durable consumer goods are major applications, with a focus on aerodynamic efficacy and passenger safety. Advanced technologies like drones, Heat transfer simulation, Flow Simulator, 3D renderers, and Graphic processing units are driving design exploration in these industries. The AEC business, workplace principles, and robot deployment are undergoing digital transformation, integrating generative design software into their planning processes. SMEs in electrical, mechanical, plumbing, and construction industries are adopting automated design solutions for job planning and talent gap mitigation. Generative design software enables designers to meet design goals in architecture and construction, industrial manufacturing, and aerospace & defense industries, considering spatial requirements and advanced technologies like Machine learning, IoT, Big data, and Additive manufacturing technology. Support & maintenance services, design & consulting services, learning and training, data security, and on-premises or cloud deployment are essential considerations for successful implementation. AI, Product design & development, and services are integral to the generative design market, with architects, engineers, and various industries relying on these advanced tools to optimize their offerings and stay competitive.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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