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Generative design is an iterative design process that comprises of the program that would create a particular number of the results and the outputs that fulfil some of the challenges and designer that will fine tune the pliable regions by choosing particular output or changing the values of the input ranging and the distribution. The designer is not particularly specified to be a human being, it can be a test program in a testing environment or an AI for instance, a generative adversarial network.

Statistics:

The generative design market was valued at US$ 1.88 Bn in 2021 and is forecast to reach a value of US$ 9.04 Bn by 2030 at a CAGR of 20% between 2022 and 2030.

Figure 1: Global Generative Design Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030

Generative Design  | Coherent Market Insights

North America held a dominant position in the Global Generative Design Market Share in 2021

Statistics:

North America held dominant position in the Global Generative Design Market Share in 2021, accounting for 39.0% share in terms of volume.

Figure 1: Global Generative Design Market Share (%), By Region, 2021

Generative Design  | Coherent Market Insights

Key Developments:

In March 2021, The Company ALTAIR ENGINEERING INC, declared the release of the Thea Render version 3.0. The Thea Render is the 3D renderer that is 3D which features the state of art and the unbiased graphic processing unit’s engines.

In February 2021, Altair declared that it had adopted the Flow Simulator from the GE Aviation. Flow simulator is an integrated flow, combustion design software and the heat transfer which lets the mixed fidelity simulations to decrease the machine and the system design. The relationship comprises of the Altair’s continuous development of the Flow Simulator.

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Generative Design Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1.88 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 20% 2030 Value Projection: US$ 9.04 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Deployment: On-premise, Cloud
  • By End-User Vertical: Automotive, Aerospace and Defense, Architecture and Construction, Industrial Manufacturing, Other End-user Verticals
  • By Geography: North America, Europe, Asia-Pacific, Rest of the World
Companies covered:

Altair Engineering Inc., Dassault Systèmes SE, Bentley Systems Inc., Caracol AM, Autodesk Inc., MSC Software Corporation (Hexagon AB), Diabatix, ANSYS Inc., Paramatters, Desktop Metal Inc. and nTopology Inc.

Growth Drivers:
  • Rising demand for advanced technologies to drive product innovation
  • Development in AI powered modelling 
Restraints & Challenges:
  • Complexity in using generative design  software
  • Lack of skilled professionals 

Market Drivers:

Driver 1:

Industries over several organizations are seeking production efficacy from their production processes to guarantee the maximum output while increasing the accessibility and the profitability. To do this the organizations are quickly acquiring the advanced technologies to drive the product innovation and the efficacy of the product that is anticipated to drive the growth of the global generative design market.

Driver 2:

Advanced technologies decrease the segmentation or the division of the industry or the organization, enhances its efficacy, and decreases the excessive price of the insufficient interoperability. The development is vastly fueled by the developments and growth in the sector of the field of big data, AL, ML, and IoT amidst other technologies which is anticipated to drive the growth of the global generative design market.

Market Restraint:

Restraint 1:

Developments in the technologies bring the requirement to either for the equipment of the workers with the technology or to substitute the present workers with the professional and the expert workers. This is initially owing to the complication comprised in the working of software and other technical tools.

Restraint 2:

Presently there is a skill gap that hampers the industries and organizations that are minimizing their production procedure. Subsequently, the producers over the organization are experiencing the problems while operating and deploying the degenerative design software and other technologies owing to the shortage of the experts and the skilled professionals.

Market Opportunities:

Opportunity 1:

Generative design initially takes the developed approach towards the engineering that was not accessible earlier in the digital surroundings. The procedure notably changes an evolutionary progress and movement towards the design, regarding all the necessary characteristics. Also integrated with the huge performance computing and the cloud then the market has been advocating the capabilities that was assumed to be earlier.

Opportunity 2:

The organizations such as Under Armour, Black & Decker amidst the other corporations working in the several fields are progressively embracing generative design as a trend that is eventually shaping the future of the engineered segment. It has permitted the engineers to let the software fin the best solutions possible to a provided set of restraints notably developing the engineer’s thought. 

Market Key Takeaways/Trends:

Trend 1:

Some of the instances of generative design being utilized in a multiple organizations are being very usual and the tool is progressively being integrated into the workflow as engineers. The way the goods are manufactured and produced is continuously being augmented by these software’s shaping the future.

Trend 2:

Current technology is providing an alternative or the substitute way to the traditional approach. The digital simulation and the research tools or devices have been so fast that the design can be calculated in very few seconds or less than that. Complex algorithms can automatically adjust the geometry of a part in between the simulations, with no manual interventions. 

Competitive Landscape:

Major companies involved in the global generative design market are Altair Engineering Inc., Dassault Systèmes SE, Bentley Systems Inc., Caracol AM, Autodesk Inc., MSC Software Corporation (Hexagon AB), Diabatix, ANSYS Inc., Paramatters, Desktop Metal Inc. and nTopology Inc.

The procedure that is associated with the power of the digital computers that can expand very large number of possible permutations of a solution that permits the designers to create and test the brand new methods, over what the human beings alone cannot approach, to attain at a very efficient and minimal design.

Market Dynamics:

A notable share of the budget is assigned to all the planning and the designing stage. Thus, a delay in the procedure leads to financial loss and reduced quality and the standard of the production. To cross such incumbent problems, the robust and the firm designing and the planning are needed which aid in the finishing of the production on the time and in the budget.

The skills required in the manufacturing industry have been moving from a very largely manual labor to more skill intensive programming and the regulation of the complex machines. Employees with the less qualification are hence at a huge risk or threat of being replaceable unless they scan be obstructed.

New manufacturing substances and the processes that have initiated to revolutionize how the industries are producing the commodities. Staring at an individual production creativities in the areas such as the utilization of the carbon fiber in passenger aircraft and computer aided design and the production have been in a streamline.  

Key features of the study:

  • This report provides in-depth analysis of the global generative design market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global generative design market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Major companies involved in the global generative design market are Altair Engineering Inc., Dassault Systèmes SE, Bentley Systems Inc., Caracol AM, Autodesk Inc., MSC Software Corporation (Hexagon AB), Diabatix, ANSYS Inc., Paramatters, Desktop Metal Inc. and nTopology Inc.
    Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global generative design market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global generative design market.

Detailed Segmentation:

  • Global Generative Design Market, By Deployment:
    • On-premise
    • Cloud
  • Global Generative Design Market, By End-User Vertical:
    • Automotive
    • Aerospace and Defense
    • Architecture and Construction
    • Industrial Manufacturing
    • Other End-user Verticals
  • Global Generative Design Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

Frequently Asked Questions

The global generative design market is estimated to be valued at US$2.11 Bn in 2022 and is expected to exhibit a CAGR of 20% between 2022 and 2030.
Rising demand for the advances technologies for the product innovation is anticipated to drive the growth of the market.
On-premise segment is the leading deployment segment in the market.
Complexity in utilizing the generative design software is the key factor hampering the growth of the market
Major companies involved in the market are Altair Engineering Inc., Dassault Systèmes SE, Bentley Systems Inc., Caracol AM, Autodesk Inc., MSC Software Corporation (Hexagon AB), Diabatix, ANSYS Inc., Paramatters, Desktop Metal Inc. and nTopology Inc

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