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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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