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Generative Design Market by Component and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 136
  • SKU: IRTNTR72439
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The generative design market share is expected to increase by USD 175.3 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 17.21%.

This generative design market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers generative design market segmentation by component (software and service) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The generative design market report also offers information on several market vendors, including 3DVerkstan AB, A2K Technologies, Altair Engineering Inc., AMFG, ANSYS Inc., Autodesk Inc., Bentley Systems Inc., CIDEON Software & Services GmbH & Co. KG, Dassault Systemes, Desktop Metal, Inc., Diabatix, DIGITAL DESIGN SOLUTIONS, GEO - Design Engineering Services INC., Hexagon Manufacturing Intelligence, nTopology Inc., ParaMatters Inc., Simufact Engineering GmbH, Sculpteo, and Siemens AG among others.

What will the Generative Design Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Generative Design Market Size for the Forecast Period and Other Important Statistics

 

Generative Design Market: Key Drivers, Trends, and Challenges

The availability of trial or free versions of generative design is notably driving the generative design market growth, although factors such as interoperability issues with other software and legacy systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the generative design industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Generative Design Market Driver

One of the key factors driving the global generative design market growth is the availability of trial or free versions of generative design by market vendors. These trial or free versions come with limited features to attract new customers and gain higher market shares. Thus, many enterprises, especially SMEs that are keen on expanding their businesses at a low cost, opt for a trial or free version of generative design solutions before investing in it. For instance, nTopology, a generative design vendor, offers a free version of its Element software for Windows. This solution offers enterprises a full set of lattice design tools, which, in turn, enable them to create sets and experiment with complex structures quickly and efficiently. Such factors will drive the concerned market growth during the forecast period.

Key Generative Design Market Trend

Use of artificial intelligence with generative design is one of the key generative design market trends that is expected to impact the industry positively in the forecast period. For instance, in November 2018, the National Aeronautics and Space Administration (NASA) Jet Propulsion Laboratory and Autodesk, a vendor of generative design solutions, created an innovative lander design that enables them to explore distant moons like Europa and Enceladus with the help of AI-enabled innovative lander design solution by Autodesk. This solution has enabled the engineers at NASA Jet Propulsion Laboratory to generate a concept for a project by inputting a set of parameters that the software must adhere to. Thus, AI with generative design solutions is increasingly being adopted by participants in various industries such as construction and automotive, which will support the market growth in the coming years.

Key Generative Design Market Challenge

One of the key challenges to the global generative design market growth is the interoperability issues with other software and legacy systems. The lack of interoperability makes information sharing between the members difficult and prone to errors. For instance, in the construction industry, the construction of a building requires efficient collaboration and information sharing between project members. Traditionally, this was done with drawings and documents, but new requirements such as 2D or 3D CAD increased the adoption of digital solutions, including building information modeling (BIM) for effective information sharing. With project members using different tools for data collection, design, and analysis, interoperability has become a challenge for generative design vendors in the market. Such factors are expected to limit the market growth during the forecast period.

This generative design market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global generative design market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the generative design market during the forecast period.

Who are the Major Generative Design Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3DVerkstan AB
  • A2K Technologies
  • Altair Engineering Inc.
  • AMFG 
  • ANSYS Inc.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • CIDEON Software & Services GmbH & Co. KG
  • Dassault Systemes
  • Desktop Metal, Inc.
  • Diabatix
  • DIGITAL DESIGN SOLUTIONS
  • GEO - Design Engineering Services INC.
  • Hexagon Manufacturing Intelligence
  • nTopology Inc.
  • ParaMatters Inc.
  • Simufact Engineering GmbH
  • Sculpteo
  • Siemens AG

 

This statistical study of the generative design market encompasses successful business strategies deployed by the key vendors. The generative design market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • Altair Engineering Inc. - The company offers a generative design that offers design, simulation, digital manufacturing, and collaboration software which includes Catia, Bovina, Goveia, solid works, 3dvia, envoi, net vibes, centric, under the brand name of Altair Engineering Inc. 
  • Altair Engineering Inc. - Through the software segment, the company offers software and related services. Software products offered by the company includes  solvers and optimization technology products, modeling and visualization tools, data analytics and analysis products, high-performance computing, software applications and hardware products, IoT platform, and analytics tools 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The generative design market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Generative Design Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the generative design market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Generative Design Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for generative design in North America. Market growth in this region will be faster than the growth of the market in regions.

An increase in the demand for generative design owing to the growth in the construction industry in countries such as theUS will facilitate the generative design market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 adversely affected the business activities and the economy in the region. The COVID-19 pandemic also slowed down the growth of the market in focus in 2020. This is because most enterprises were closed for several months to contain the spread of the disease, which resulted in a reduction in the IT spending of enterprises, especially SMEs. However, cloud-based software providers have gained substantially from the COVID-19 pandemic, as most IT employees are working from home, which involves managing various business operations. In addition, the number of COVID-19 cases decreased in early 2021 compared to 2020, primarily due to progressing vaccination drives in the region. Such factors are anticipated to support the growth of the generative design market in the region during the forecast period.

What are the Revenue-generating Component Segments in the Generative Design Market?

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The generative design market share growth by the software segment will be significant during the forecast period. The significant increase in the adoption of generative design software by companies, as it allows them to streamline and automate their daily operations efficiently, reduce errors, and lower their costs, will support the market growth through this segment in the coming years. In addition, the growing demand for cloud-based generative design solutions is encouraging vendors to enter into partnerships with cloud providers, which enables vendors to offer better services.

This report provides an accurate prediction of the contribution of all the segments to the growth of the generative design market size and actionable market insights on post COVID-19 impact on each segment.

 

Generative Design Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 17.21%

Market growth 2022-2026

$ 175.3 million

Market structure

Fragmented

YoY growth (%)

16.25

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3DVerkstan AB, A2K Technologies, Altair Engineering Inc., AMFG , ANSYS Inc., Autodesk Inc., Bentley Systems Inc., CIDEON Software & Services GmbH & Co. KG, Dassault Systemes, Desktop Metal, Inc., Diabatix, DIGITAL DESIGN SOLUTIONS, GEO - Design Engineering Services INC., Hexagon Manufacturing Intelligence, nTopology Inc., ParaMatters Inc., Simufact Engineering GmbH, Sculpteo, and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Generative Design Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive generative design market growth during the next five years
  • Precise estimation of the generative design market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the generative design industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of generative design market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Component

    • 5.1 Market segments
      • Exhibit 24: Chart on Component - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Component - Market share 2021-2026 (%)
    • 5.2 Comparison by Component
      • Exhibit 26: Chart on Comparison by Component
      • Exhibit 27: Data Table on Comparison by Component
    • 5.3 Software - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)
    • 5.4 Service - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Service - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Service - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Service - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Service - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Component
      • Exhibit 36: Market opportunity by Component ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Altair Engineering Inc.
              • Exhibit 89: Altair Engineering Inc. - Overview
              • Exhibit 90: Altair Engineering Inc. - Business segments
              • Exhibit 91: Altair Engineering Inc. - Key offerings
              • Exhibit 92: Altair Engineering Inc. - Segment focus
            • 10.4 ANSYS Inc.
              • Exhibit 93: ANSYS Inc. - Overview
              • Exhibit 94: ANSYS Inc. - Business segments
              • Exhibit 95: ANSYS Inc. - Key offerings
              • Exhibit 96: ANSYS Inc. - Segment focus
            • 10.5 Autodesk Inc.
              • Exhibit 97: Autodesk Inc. - Overview
              • Exhibit 98: Autodesk Inc. - Business segments
              • Exhibit 99: Autodesk Inc. - Key news
              • Exhibit 100: Autodesk Inc. - Key offerings
              • Exhibit 101: Autodesk Inc. - Segment focus
            • 10.6 Bentley Systems Inc.
              • Exhibit 102: Bentley Systems Inc. - Overview
              • Exhibit 103: Bentley Systems Inc. - Product / Service
              • Exhibit 104: Bentley Systems Inc. - Key offerings
            • 10.7 Dassault Systemes
              • Exhibit 105: Dassault Systemes - Overview
              • Exhibit 106: Dassault Systemes - Business segments
              • Exhibit 107: Dassault Systemes - Key offerings
              • Exhibit 108: Dassault Systemes - Segment focus
            • 10.8 Desktop Metal, Inc.
              • Exhibit 109: Desktop Metal, Inc. - Overview
              • Exhibit 110: Desktop Metal, Inc. - Business segments
              • Exhibit 111: Desktop Metal, Inc. - Key news
              • Exhibit 112: Desktop Metal, Inc. - Key offerings
              • Exhibit 113: Desktop Metal, Inc. - Segment focus
            • 10.9 Hexagon Manufacturing Intelligence
              • Exhibit 114: Hexagon Manufacturing Intelligence - Overview
              • Exhibit 115: Hexagon Manufacturing Intelligence - Product / Service
              • Exhibit 116: Hexagon Manufacturing Intelligence - Key offerings
            • 10.10 nTopology Inc.
              • Exhibit 117: nTopology Inc. - Overview
              • Exhibit 118: nTopology Inc. - Product / Service
              • Exhibit 119: nTopology Inc. - Key offerings
            • 10.11 ParaMatters Inc.
              • Exhibit 120: ParaMatters Inc. - Overview
              • Exhibit 121: ParaMatters Inc. - Product / Service
              • Exhibit 122: ParaMatters Inc. - Key offerings
            • 10.12 Siemens AG
              • Exhibit 123: Siemens AG - Overview
              • Exhibit 124: Siemens AG - Business segments
              • Exhibit 125: Siemens AG - Key news
              • Exhibit 126: Siemens AG - Key offerings
              • Exhibit 127: Siemens AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The generative design market growth will increase by $175.3 million during 2022-2026.
              The generative design market is expected to grow at a CAGR of 17.21% during 2022-2026.
              Technavio has segmented the generative design market by component (Software and Service) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              3DVerkstan AB, A2K Technologies, Altair Engineering Inc., AMFG , ANSYS Inc., Autodesk Inc., Bentley Systems Inc., CIDEON Software & Services GmbH & Co. KG, Dassault Systemes, Desktop Metal, Inc., Diabatix, DIGITAL DESIGN SOLUTIONS, GEO - Design Engineering Services INC., Hexagon Manufacturing Intelligence, nTopology Inc., ParaMatters Inc., Simufact Engineering GmbH, Sculpteo, Siemens AG are a few of the key vendors in the generative design market.
              North America will register the highest growth rate of 35.76% among the other regions. Therefore, the generative design market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the generative design market growth are:
              • Availability of trial or free version of generative design
              • Use of artificial intelligence with generative design
              The generative design market vendors should focus on grabbing business opportunities from the software segment as it accounted for the largest market share in the base year.
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