This Generative Design Market report provides market segmentation in the most detailed pattern. A high-level market analysis of major segments has been performed in the report and opportunities are identified. The market report not only deals with major industrial categories but also different associated segments such as services, technologies, & applications. What is more, the global Generative Design Market research report provides market data in such a way that it also considers new product development from beginning to launch.
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 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.
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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.
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.
Generative Design Market 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
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Recent Developments in The Generative Design Market
• 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 Generative Design Market
• 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
Table of Contents
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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