Product Code: TC 6920
"Rising need for advanced product design software to drive product innovation is driving the growth of the market"
The global generative design market to grow from USD 111 million in 2018 to USD 275 million by 2023, at a CAGR of 19.9% during the forecast period. The generative design market is growing rapidly with the rising need for advanced product design software, growing demand for environment-friendly architecture, and enhanced production efficiency. However, the complexity in using generative design software would limit the growth of the market.
Cost Optimization segment is expected to grow at the highest CAGR during the forecast period
By application, the cost optimization segment is expected to grow at the highest CAGR during the forecast period. Generative design is one such approach that enables designers to optimize fairly large and complex parameters such as material, energy, and time wastage. Hence, developing robust and efficient optimization algorithms to deal with resource wastage has been one of the major focus areas of industries.
Automotive industry vertical is estimated to be the largest adopter of generative design solutions in 2018
The automotive industry has always been at the forefront of adopting technologies for their product design and development. With rapid manufacturing advancements in the industry, generative design has gained a prominent place in achieving cost and production efficiency. Its use has increased to test and analyze designs of products in a virtual environment. Generative design software assists design engineers to reduce product design time, cost, and weight and improves the overall efficiency for automotive manufacturing and designing companies like General Motors, Hack Rod, and others.
Generative design market in Asia Pacific is projected to grow at the highest CAGR during the forecast period
The high growth of the market in Asia Pacific (APAC) is attributed to the rapid economic developments, favorable government policies, and increasing digitalization in the region with the increasing interest of businesses towards technologies such as Artificial Intelligence (AI). However, high installation costs, low acceptance of consumers, and changes in management processes remains the biggest hurdle in the adoption of generative design across the region. The cloud-based generative design tools present an optimal solution for these countries by minimizing integration complexities and installation costs.
In-depth interviews were conducted with the Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the generative design market.
- By Company - Tier 1-10%, Tier 2-25%, and Tier 3-65%
- By Designation - C-Level-25%, Director Level-50%, and Others-25%
- By Region - North America-60%, Europe-20%, and APAC-10% RoW - 10%
The generative design market comprises major solution providers, such Altair (US), Autodesk (US), ANSYS (US), Dassault Systemes (France), Desktop Metal (US), MSC Software (US), ESI Group (France), Bentley Systems (US), nTopology (US), and Paramatters (US). The study includes an in-depth competitive analysis of these key players in the generative design market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The market is segmented on the basis of application, component, deployment model, industry vertical, and region.
Key benefits of the report:
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall generative design market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. MARKET SCOPE
- 1.3.1. MARKET SEGMENTATION
- 1.3.2. REGIONAL SCOPE
- 1.4. YEARS CONSIDERED FOR THE STUDY
- 1.5. CURRENCY
- 1.6. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. SECONDARY DATA
- 2.1.2. PRIMARY DATA
- 2.1.2.1. Breakdown of primaries
- 2.1.2.2. Key industry insights
- 2.2. DATA TRIANGULATION
- 2.3. MARKET SIZE ESTIMATION
- 2.3.1. TOP-DOWN APPROACH
- 2.3.2. BOTTOM-UP APPROACH
- 2.4. MARKET FORECAST
- 2.5. RESEARCH ASSUMPTIONS AND LIMITATIONS
- 2.6. LIMITATIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. ATTRACTIVE OPPORTUNITIES IN THE GENERATIVE DESIGN MARKET
- 4.2. GENERATIVE DESIGN MARKET SHARE, BY COMPONENT
- 4.3. GENERATIVE DESIGN MARKET, BY DEPLOYMENT MODEL
- 4.4. GENERATIVE DESIGN MARKET, BY INDUSTRY VERTICAL
- 4.5. GENERATIVE DESIGN MARKET, BY REGION
5. MARKET OVERVIEW AND INDUSTRY TRENDS
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. DRIVERS
- 5.2.1.1. Need for advanced design software to drive product innovation
- 5.2.1.2. Growing demand for environment-friendly architecture
- 5.2.1.3. Enhanced production efficiency
- 5.2.2. RESTRAINTS
- 5.2.2.1. Complexity in using generative design software
- 5.2.3. OPPORTUNITIES
- 5.2.3.1. Emerging applications across various industries
- 5.2.3.2. Technological advancements in AI and cloud computing
- 5.2.4. CHALLENGES
- 5.2.4.1. Integration complexities
- 5.3. INDUSTRY TRENDS
- 5.4. GENERATIVE DESIGN MARKET: USE CASES
- 5.4.1. USE CASE 1: REDUCING WEIGHT AND OPTIMIZING PERFORMANCE OF VEHICLES USING GENERATIVE DESIGN SOFTWARE
- 5.4.2. USE CASE 2: REDUCING WEIGHT AND CREATING STRONG COMPONENTS WITH GENERATIVE DESIGN SOFTWARE
- 5.4.3. USE CASE 3: REDUCING WEIGHT AND CREATING EASY-TO-USE PRODUCTS WITH GENERATIVE DESIGN SOFTWARE
- 5.5. GENERATIVE DESIGN PROCESS FLOW
6. GENERATIVE DESIGN MARKET, BY COMPONENT
- 6.1. INTRODUCTION
- 6.2. SOFTWARE
- 6.2.1. NEED TO IMPROVE PRODUCTION EFFICIENCY WOULD DRIVE THE GROWTH OF GENERATIVE DESIGN SOFTWARE
- 6.3. SERVICES
- 6.3.1. DESIGN & CONSULTING
- 6.3.1.1. The need to explore new avenues for improving business performance to drive growth of consulting services
- 6.3.2. SUPPORT & MAINTENANCE
- 6.3.2.1. Complexity of operations and the need for regular assistance during the software lifecycle to foster growth of support & maintenance
7. GENERATIVE DESIGN MARKET, BY APPLICATION
- 7.1. INTRODUCTION
- 7.2. PRODUCT DESIGN & DEVELOPMENT
- 7.2.1. GENERATIVE DESIGN SOFTWARE CAN PRODUCE A WIDE RANGE OF COMPLEX DESIGN ALTERNATIVES IN MINIMAL TIME
- 7.3. COST OPTIMIZATION
- 7.3.1. THE USE OF GENERATIVE DESIGN RESULTS IN LOWER MATERIAL AND SHIPPING COSTS
- 7.4. OTHERS
8. GENERATIVE DESIGN MARKET, BY DEPLOYMENT MODEL
- 8.1. INTRODUCTION
- 8.2. ON-PREMISES
- 8.2.1. DATA SECURITY AND PRIVACY CONCERNS TO DRIVE DEMAND FOR ON-PREMISE GENERATIVE DESIGN SOFTWARE
- 8.3. CLOUD
- 8.3.1. ON-THE-GO ACCESS TO GENERATIVE DESIGN SOFTWARE TO DRIVE ADOPTION OF CLOUD DEPLOYMENT
9. GENERATIVE DESIGN MARKET, BY INDUSTRY VERTICAL
- 9.1. INTRODUCTION
- 9.2. AUTOMOTIVE
- 9.2.1. NEED FOR ADVANCED DESIGN SOFTWARE TO REDUCE PRODUCTION AND MATERIAL COSTS TO DRIVE DEMAND
- 9.3. AEROSPACE & DEFENSE
- 9.3.1. NEED FOR LIGHTWEIGHT COMPONENTS AND ENERGY PERFORMANCE OPTIMIZATION TO DRIVE ADOPTION OF GENERATIVE DESIGN
- 9.4. INDUSTRIAL MANUFACTURING
- 9.4.1. THE USE OF MACHINE LEARNING TO CREATE MULTIPLE DESIGN ITERATIONS TO INCREASE ADOPTION OF GENERATIVE DESIGN
- 9.5. BUILDING
- 9.5.1. INITIATIVES TO CONSTRUCT ECO-FRIENDLY BUILDINGS TO SPUR THE DEMAND FOR GENERATIVE DESIGN
- 9.6. ARCHITECTURE & CONSTRUCTION
- 9.6.1. NEED FOR OPTIMIZED CONSTRUCTION TIME, LOGISTICS, AND MATERIAL COSTS TO DRIVE ADOPTION ACROSS ARCHITECTURE & CONSTRUCTION SECTOR
- 9.7. OTHERS
10. GENERATIVE DESIGN MARKET, BY REGION
- 10.1. INTRODUCTION
- 10.2. NORTH AMERICA
- 10.2.1. US
- 10.2.1.1. US held the largest market share in the region due to the presence of prominent players and high technology spending
- 10.2.2. CANADA
- 10.2.2.1. Higher technology adoption across automotive and industrial manufacturing to drive market growth
- 10.3. EUROPE
- 10.3.1. GERMANY
- 10.3.1.1. Growing interest in generative design software from the construction and automotive verticals to drive the market in Germany
- 10.3.2. UK
- 10.3.2.1. UK to account for the largest market size for generative design in Europe
- 10.3.3. FRANCE
- 10.3.3.1. Strong distribution channel of players drive market growth in France
- 10.3.4. REST OF EUROPE
- 10.4. ASIA PACIFIC (APAC)
- 10.4.1. CHINA
- 10.4.1.1. China to account for the largest generative design market size in APAC
- 10.4.2. JAPAN
- 10.4.2.1. Growing investments in advanced manufacturing design software to drive market growth
- 10.4.3. SOUTH KOREA
- 10.4.3.1. Inclination of consumers toward learning and training to fuel growth of generative design market
- 10.4.4. INDIA
- 10.4.4.1. Growth of manufacturing and automotive industry verticals to trigger adoption of generative design adoption
- 10.4.5. REST OF ASIA PACIFIC
- 10.5. LATIN AMERICA
- 10.5.1. BRAZIL
- 10.5.1.1. Need for cost optimization across automotive industry to drive growth of generative design market
- 10.5.2. MEXICO
- 10.5.2.1. Adoption of 3D printing and additive manufacturing to boost adoption of generative design
- 10.5.3. REST OF LATIN AMERICA
- 10.6. MIDDLE EAST & AFRICA (MEA)
- 10.6.1. MIDDLE EAST
- 10.6.1.1. Improving manufacturing infrastructure to drive market growth
- 10.6.2. AFRICA
- 10.6.2.1. Africa to exhibit high CAGR during forecast period
11. COMPETITIVE LANDSCAPE
- 11.1. OVERVIEW
- 11.2. COMPETITIVE SCENARIO
- 11.2.1. NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
- 11.2.2. ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS
- 11.3. GENERATIVE DESIGN MARKET: PROMINENT PLAYERS
12. COMPANY PROFILES (Business Overview, Software and Services Offered, Recent Developments, SWOT Analysis, and MNM View)*
- 12.1. ALTAIR
- 12.2. BENTLEY SYSTEMS
- 12.3. AUTODESK
- 12.4. ANSYS
- 12.5. DESKTOP METAL
- 12.6. DASSAULT SYSTEMES
- 12.7. MSC SOFTWARE
- 12.8. ESI GROUP
- 12.9. NTOPOLOGY
- 12.10. PARAMATTERS
*Details on Business Overview, Software and Services Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
13. APPENDIX
- 13.1. DISCUSSION GUIDE
- 13.2. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3. AVAILABLE CUSTOMIZATION
- 13.4. RELATED REPORTS
- 13.5. AUTHOR DETAILS
