Generative design market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). Generative design is a design approach that uses algorithms and computational tools to automatically generate and optimize design solutions based on specified parameters and constraints.
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The rising adoption of AI-driven product engineering accelerates generative design adoption across industries. The additional benefits of Generative AI such as streamlining development, enhancing efficiency, and fostering innovation to cater the growing consumer demands is further aiding to the global market growth. Thus, the key players are introducing the new generative AI technology to positively impact the generative design market. In May 2023, Encora, a global next-generation product engineering provider, introduced a new Generative AI technology practice. This initiative aimed to enhance productivity, software quality, and market alignment for clients worldwide. Encora remained committed to advancing digital engineering by leveraging Generative AI to accelerate technological innovation throughout the value chain.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Generative Design Market by Deployment Mode
- On-Premises
- Cloud-Based
Global Generative Design Market by Application
- Product Design and Engineering
- Cost Optimization
- Other (Learning and Training)
Global Generative Design Market by Industry Vertical
- Automotive
- Aerospace and Defense
- Architecture and Construction
- Manufacturing
- Healthcare
- Consumer Goods
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Altair Engineering Inc.
- Bentley Systems, Inc.
- Autodesk Inc.
- ANSYS inc.
- Desktop Metal Inc.
- Dassault Systèmes SE
- MSC Software Corp. (Hexagon AB)
- nTopology, Inc.
- Paramatters
- Diabatix
- Caracol AM
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global generative design market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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