Generative Design Market Growth, Demand and Challenges of the Key Industry Players 2028

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

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Global Generative Design Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Generative Design Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

," the global generative design market size reached US$ 220.8 Million in 2022.

Generative design refers to the technology that is generally used for developing internal lattices and complex shapes. It is widely utilized for building three-dimensional (3D) structures using computer software. It usually helps designers in creating high-performance design iterations based on manufacturing methods, materials, spatial or performance requirements and cost constraints.

It aids engineers in exploring a wide range of design options, minimizing errors and reducing product weight and production period.

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Global Generative Design Market Trends:

The global market is primarily driven by the increasing demand for generative design across the automotive industry. This is supported by the rising preference for lightweight vehicles with superior performance. Coupled with the escalating demand for luxury and premium automobiles among the masses, this is positively influencing the market growth. In line with this, the increasing need for minimizing the ecological footprint of commercial aircraft due to an enhanced focus on sustainable development, along with the rising adoption in the manufacturing of defense equipment, is further propelling the market growth. Moreover, continual technological advancements and the integration of artificial intelligence (AI) and advanced analytics with generative design software are providing a boost to the market growth. Apart from this, rising investments by private and public firms in infrastructural development projects across numerous countries are creating a positive outlook for the market. Other factors, including rapid industrialization, continuous product innovations and extensive research and development (R&D) activities conducted by key players, are further driving the market growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 559.9 Million by 2028, exhibiting at a CAGR of 17.25% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/generative-design-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Component:

• Software

• Services

Breakup by Deployment Model:

• On-premises

• Cloud-based

Breakup by Application:

• Product Design and Development

• Cost Optimization

• Others

Breakup by Industry Vertical:

• Automotive

• Aerospace and Defense

• Industrial Manufacturing

• Architecture and Construction

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• 3Dnatives

• Altair Engineering Inc

• Ansys Inc

• Autodesk Inc

• Bentley Systems Incorporated

• Dassault Systèmes SE

• Desktop Metal Inc

• Diabatix

• MSC Software Corporation (Hexagon AB)

• Ntopology Inc

• Proto3000 Inc

• Ptc Inc

1. What was the size of the global generative design market in 2022?

2. What is the expected growth rate of the global generative design market during 2023-2028?

3. What are the key factors driving the global generative design market?

4. What has been the impact of COVID-19 on the global generative design market?

5. What is the breakup of the global generative design market based on the component?

6. What is the breakup of the global generative design market based on the deployment model?

7. What is the breakup of the global generative design market based on the application?

8. What is the breakup of the global generative design market based on the industry vertical?

9. What are the key regions in the global generative design market?

10. Who are the key players/companies in the global generative design market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/generative-design-market/toc

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We are the trusted business partners to the world's leading corporates, governments, and institutions

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