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What are the latest figures on the generative artificial intelligence (ai) in product design market’s size and projected CAGR?
The generative artificial intelligence (AI) in product design market size has grown rapidly in recent years. It will grow from $14.1 billion in 2024 to $15.84 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to the expansion of educational programs, changing consumer expectations, cost-effective design solutions, real-time design adjustments, and globalization of design practices.
The generative artificial intelligence (AI) in product design market size is expected to see rapid growth in the next few years. It will grow to $24.99 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increasing emphasis on sustainability, increasing the popularity of industrial design, increasing computational power, increasing educational programs, and increasing public awareness and acceptance. Major trends in the forecast period include multimodal data integration, enhanced text generation, quantum computing integration, AI-enhanced user experience (UX) design, and cross-disciplinary design integration.
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Which Market drivers have played a significant role in driving the generative artificial intelligence (ai) in product design market?
The growing emphasis on smart infrastructure projects is expected to propel the growth of generative artificial intelligence (AI) in product design market going forward. Smart infrastructure projects refer to initiatives that leverage advanced technologies and data-driven approaches to improve the design, operation, and management of infrastructure systems. The growing emphasis on smart infrastructure projects is driven by the need for sustainable urban development to manage population growth efficiently and the advancements in Internet of Things (IoT) technology that enable real-time monitoring and data-driven decision-making. Generative AI in product design helps smart infrastructure projects by optimizing design processes, enabling the creation of innovative, efficient solutions through rapid analysis of vast data sets and simulation of various scenarios. For instance, in July 2024, according to the Office for National Statistics, a UK-based government department, digital infrastructure investment in 2022 totaled $12.4 (£9.2) billion, reflecting a 22.9% rise compared to 2021. Therefore, the growing emphasis on smart infrastructure projects is driving the growth of generative artificial intelligence (AI) in product design market.
What are the key segments within the generative artificial intelligence (ai) in product design market?
The generative artificial intelligence (AI) in product design market covered in this report is segmented –
1) By Deployment Model: Cloud-Based; On-Premises
2) By Application: Design Exploration And Ideation; Design Optimization And Simulation; Customization And Personalization; Other Applications
3) By End-User: Automotive Manufacturers; Healthcare And Medical Device Manufacturers; Contraction And Architecture Firms; Other End-Users
Subsegments:
1) By Cloud-Based: Public Cloud; Private Cloud; Hybrid Cloud
2) By On-Premises: Small And Medium Enterprises (SMEs); Large Enterprises
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Which key players are shaping the generative artificial intelligence (ai) in product design market?
Major companies operating in the generative artificial intelligence (AI) in product design market areMicrosoft Corporation, Amazon Web Services Inc., Siemens AG, International Business Machines Corporation (IBM), NVIDIA Corporation, Adobe Inc., Dassault Systèmes SE, Hexagon AB, Autodesk Inc., ANSYS Inc., PTC Inc., Unity Technologies Inc., Bentley Systems Incorporated, Altair Engineering Inc., Xometry Inc., SparkCognition Inc., AI21 Labs Ltd., Cohere Inc., GeekyAnts Inc., LeewayHertz Inc., nTopology Inc., Onshape Inc., DataToBiz Inc., Markovate Inc., Hacarus Inc
Which transformative trends will shape the generative artificial intelligence (ai) in product design market landscape?
Major companies operating in the generative artificial intelligence (AI) in product design market are developing technologically advanced solutions, such as generative AI for digital product design, to enhance the design process across various industries. Generative AI for digital product design refers to the use of artificial intelligence technologies to assist in creating and developing digital products such as websites, apps, and user interfaces. For instance, in June 2023, Flytxt, a Netherlands-based provider of AI-powered SaaS solutions, launched a Generative AI tool to enhance digital product design by enabling faster and more effective creation of well-performing products. This innovative tool addresses the challenges of creating well-performing products quickly. It programmatically evaluates multiple product designs to identify the best options, optimizing price points, product attributes, and bundling options to meet business objectives such as revenue growth and customer retention. This application of generative AI is notable for its ability to provide transparency in decision-making, allowing product managers to review and understand the rationale behind AI-generated designs before launching products.
How do regional factors impact the generative artificial intelligence (ai) in product design market, and which region is the largest contributor?
North America was the largest region in the generative artificial intelligence (AI) in product design market in 2024. The regions covered in the generative artificial intelligence (AI) in product design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Generative Artificial Intelligence (AI) In Product Design Market Report 2025 Offer?
The generative artificial intelligence (ai) in product design market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Generative artificial intelligence (AI) in product design refers to the use of artificial intelligence algorithms and models to assist in creating and optimizing design solutions. It utilizes advanced algorithms to automate and optimize the creation of innovative design solutions by analyzing data, exploring various design options, and providing insights that enhance creativity and efficiency.
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