Global Generative Design Market 2019-2023

  • Published: May 2019
  • Pages: 115
  • SKU: IRTNTR31366
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The global generative design market size will grow by USD 124.58 million during 2019-2023. This report provides a detailed analysis of the market by component (software and service) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several generative design solution providers including Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systèmes SE, and Desktop Metal Inc.

To identify growth opportunities in the generative design market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC will grow faster than the overall market. The market growth Europe, MEA, North America, and South America will be slower than the global market.

Some of the key findings from this generative design market forecast report are summarized below

Generative Design Market

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Global generative design industry overview

Generative design helps produce a large number of design iterations that can be optimized according to predefined conditions and restrains. As regenerative design considers forces of nature such as air resistance and gravity, it enables enterprises to develop the best design based on their requirements. Moreover, generative design solutions also offer flexibility in changing designs based on changing customer requirements. Such factors will increase the demand for generative design solutions especially from the automotive industry, which will subsequently drive the growth of the generative design market size.

The adoption of AI increases the capabilities of designers and engineers to produce a wide range of design alternatives and provides a centralized view of all business activities and related information. As a result, AI is increasingly being integrated with generative design solutions in various industries including the construction and automotive sectors. NASA’s Jet Propulsion laboratory and Autodesk created an innovative lander design solution that enabled NASA’s engineers to generate a concept for a project by using preset parameters. The benefits of the integration of AI will increase the incorporation of AI with generative design solutions. This coupled with the demand from the automotive industry will fuel the growth of the generative design market at a CAGR of over 16% during 2019-2023.

Top generative design companies covered in this market research report

The global generative design market is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this generative design market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several generative design companies, including:

  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • Dassault Systèmes SE
  • Desktop Metal Inc.

Generative design market segmentation based on component

  • Software
  • Service

Generative design software is available to enterprises through the cloud and on-premises. As the cloud-based generative design does not require the installation of the software at the enterprise’s premises, they are less expensive than on-premise solutions. This is inducing enterprises, especially SMEs, to prefer cloud-based generative design solutions. During the forecast period, the generative design software segment will account for the largest generative design market share.

Generative design market segmentation based on geography

  • APAC
  • Europe
  • MEA
  • North America
  • South America

North America will offer the maximum growth opportunities to generative design companies during 2019-2023. The construction industry in Mexico is shifting toward private sector funding from public funding. This coupled with the focus of companies in the aerospace industry towards developing new airplanes, will increase the demand for generative design solutions in North America.

Key highlights of the global generative design market report for the forecast period 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the generative design market during the next five years
  • Precise estimation of the global 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 APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of generative design companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY COMPONENT

  • Market segmentation by component
  • Comparison by component
  • Software - Market size and forecast 2018-2023
  • Service - Market size and forecast 2018-2023
  • Market opportunity by component

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Use of artificial intelligence (AI) with generative design
  • Integration of 3D printing with generative design
  • Increasing popularity of cloud-based generative design solution

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • Dassault Systèmes SE
  • Desktop Metal Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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
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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
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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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