Generative Design Market - Trends Forecast Till 2028

Market Overview

Generative Design Market was valued at USD 128.46 Million in 2019 and is projected to reach a CAGR of 20.3% from 2021 to 2028.

Generative design refers to iterative design process which involves different software which enables the user to generate a product design which is further fine-tuned by the user to generate the actual product design. The growth of generative design market is heavily influenced by the introduction of different product designing courses in high schools located in the developed countries.

Rising need for advanced design software to drive growing demand, product innovation for enhanced production efficiency and environment-friendly architecture are some of the factors that have supported long-term expansion for Generative Design Market.

Regional Analysis

Europe to Witness Significant Growth Rate. The European automotive sector has risen to a significant position in the global industry. It has achieved record sales, and as a significant employer and a source of considerable grant making, it is an integral part of European society.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Altair Engineering Inc.
• Autodesk Inc.
• ANSYS inc.
• Dassault Systèmes SE
• MSC Software Corporation
• ESI Group
• Bentley Systems
• Desktop Metal
• nTopology
• Paramatters

Recent Developments

• January 2020, Electric vehicle company Arcimoto Inc announced that it is working with XponentialWorks and ParaMatters to design and additively manufacture lightweight components for its Fun Utility Vehicle (FUV). Deploying ParaMatters’ AI-powered generative design software, several elements are being redesigned in order to generate alternative parts that carry much of the same performance characteristics but at a lighter weight.
• April 2019, AUDI AG, a German automaker, has implemented polymer-based 3D printing technology for its production line at the Bollinger Hofe plant, Germany. Such instances of adoption are high, owing to the enhanced capabilities of manufacturers and lessened dependency on the supply chain for critical components that may result in a breakdown. According to Sculpteo, a 3D printing company, the highest priorities for Europeans using 3D printing are stimulating product development and offering customized products and limited series.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Generative Design Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope