The global generative design market size reached US$ 220.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 559.9 Million by 2028, exhibiting a growth rate (CAGR) of 17.25% during 2023-2028.
Generative design is an engineering software that autonomously creates high-performance design iterations based on performance or spatial requirements, manufacturing methods, materials, and costs. It relies on artificial intelligence (AI) algorithms to generate and evaluate a wide range of product designs and make highly customized complex shapes and internal lattices that cannot be produced using conventional manufacturing methods. In addition, it supports topology optimization for performing structural simulation and removing load-weight from empty areas in three-dimensional (3D) models. At present, generative design is adopted around the world as it helps in reducing component weight and simplifying the design.
Generative Design Market Trends:
The growth in the market can be attributed to the extensive usage of generative design software in various end use industries around the world. For instance, it is employed in the automotive industry for manufacturing lightweight components and consolidating parts. This, in confluence with the boosting sales of passenger and commercial vehicles on account of rapid urbanization and improving income levels, is contributing to the market growth. Moreover, regulatory authorities in various countries are implementing stringent policies to reduce the ecological footprint of commercial aircraft. As a result, several manufacturers operating in the aerospace industry are relying on generative design software to reduce aircraft weight, minimize environmental impact, and improve passenger safety. Apart from this, the growing popularity of drones is driving the use of generative design software to improve their aerodynamic efficiency and durability and increase lifespan and flight performance. Other factors, such as the escalating demand for consumer goods and the thriving construction industry, are positively influencing the demand for generative design software to generate multiple computer-aided designs (CADs) and drive innovation and productivity.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global generative design market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment model, application and industry vertical.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Application:
Product Design and Development
Breakup by Industry Vertical:
Aerospace and Defense
Architecture and Construction
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3Dnatives, Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systèmes SE, Desktop Metal Inc., Diabatix, MSC Software Corporation (Hexagon AB), Ntopology Inc., Proto3000 Inc. and Ptc Inc.
Base Year of the Analysis
Component, Deployment Model, Application, Industry Vertical, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
3Dnatives, Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systèmes SE, Desktop Metal Inc., Diabatix, MSC Software Corporation (Hexagon AB), Ntopology Inc., Proto3000 Inc. and Ptc Inc.
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Key Questions Answered in This Report
The global generative design market was valued at US$ 220.8 Million in 2022.
We expect the global generative design market to exhibit a CAGR of 17.25% during 2023-2028.
The rising popularity of drones, along with the growing adoption of generative design software to improve their aerodynamic efficiency and durability as well as increase lifespan and flight performance, is primarily driving the global generative design market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment for generative design software to form strategies, such as the location of entry points, work areas, furniture placement, and retrofits, to combat the spread of the coronavirus infection upon human intervention.
Based on the component, the global generative design market has been segmented into software and services. Currently, software holds the majority of the total market share.
Based on the deployment model, the global generative design market can be divided into on-premises and cloud-based, where on-premises currently exhibit a clear dominance in the market.
Based on the application, the global generative design market has been categorized into product design and development, cost optimization, and others. Among these, product design and development accounts for the majority of the global market share.
Based on the industry vertical, the global generative design market can be segregated into automotive, aerospace and defense, industrial manufacturing, architecture and construction, and others. Currently, the automotive industry holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global generative design market include 3Dnatives, Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systèmes SE, Desktop Metal Inc., Diabatix, MSC Software Corporation (Hexagon AB), Ntopology Inc., Proto3000 Inc., and Ptc Inc.
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