Generative Design Market is segmented by Deployment (On-premise, Cloud), End User Vertical (Automotive, Aerospace and Defense, Architecture and Construction, Manufacturing Machinery), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), 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.
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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 of Generative Design Market
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.
Top Key Players
• Altair Engineering Inc.
• Autodesk Inc.
• ANSYS inc.
• Dassault Systèmes SE
• MSC Software Corporation
• ESI Group
• Bentley Systems
• Desktop Metal
• nTopology
• Paramatters and More
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.
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Generative Design Market is segmented into deployment, end user and region.
On the basis of Deployment
• On-premise
• Cloud
On the basis of End-User
• Automotive
• Aerospace and defence
• Architecture and construction
• Industrial manufacturing
On the basis of Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
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