About Generative Design
Generative Design is used by designers or engineers to input design goals along with parameters such as performance or spatial requirements, materials, manufacturing methods, and cost constraints. It helps designs earlier in the product design process and at the same time helps eliminate structural design problems. The generative design software removes the complications of the traditional design process and enables designers to explore and iterate multiple CAD-ready solutions. The growing need to improve productivity by end-user industries will contribute the market growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.41% |
The global generative design market is highly competitive and consists of a limited number of vendors who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Generative Design market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk (United States), Altair (United States), ANSYS (United States), MSC Software (United States), Dassault Systèmes (France), ESI Group (France), Bentley Systems (United States) and Desktop Metal (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are nTopology (United States), Paramatters (United States), PTC (United States) and Siemens Industry Software Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Generative Design market by Type (Software and Services), Application (Product Design & Development and Cost Optimization) and Region.
On the basis of geography, the market of Generative Design has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Automotive will boost the Generative Design market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-premises will boost the Generative Design market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements In AI And Cloud Computing
Market Growth Drivers:
Demand For Advanced Design Software and Need To Enhanced Production Efficiency
Challenges:
Integration Complexities
Restraints:
Generative Design Software Complexity
Opportunities:
Growing Awareness Pertaining To The Use Of Generative Design Software and Customization Options In Controlled Generative Design Software
Market Leaders and their expansionary development strategies
In February 2023, Ford revealed a 3D-printed car seat bracket designed with Siemens NX software that incorporated generative design principles. The bracket is 40% lighter and stronger than the traditional design.
In March 2023, Under Armour launched a new line of running shoes with midsoles designed using generative design software. The UA Flow Velociti Wind features a lattice structure that provides lightweight support and responsiveness.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Generative Design Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.