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

The generative design market share is expected to increase to 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 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?

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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. - 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 
• 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. 

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: 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.

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. 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.

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.

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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