The generative design software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Generative Design Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The generative design software market size has grown rapidly in recent years. It will grow from $1.90 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to technological advancements, growing demand for sustainable design solutions, increasing complexity in design requirements, rising adoption of additive manufacturing, and expanding application areas in various industries.
The generative design software market size is expected to see rapid growth in the next few years. It will grow to $4.49 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to integration with artificial intelligence and machine learning, emergence of cloud-based generative design platforms, heightened focus on product customization and personalization, growing demand for efficient resource utilization in design processes, expansion of generative design applications in the architecture and construction industry. Major trends in the forecast period include AI-driven optimization, multi-disciplinary collaboration tools, increased automation in design iteration, enhanced sustainability metrics integration, and augmented reality (AR) for real-time design evaluation.
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Scope Of Generative Design Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Generative Design Software Market Overview
Market Drivers –
The increasing deployment of cloud-based solutions is expected to propel the generative design software market going forward. Cloud-based solutions refer to software, services, or resources that are hosted and accessed remotely via the Internet, offering scalability, flexibility, and accessibility from any device with an Internet connection. The increasing deployment of cloud-based solutions is driven by the demand for scalability, cost-efficiency, flexibility, and accessibility, enabling businesses to adapt to evolving technological needs and enhance operational efficiency. Cloud deployment for generative design software enables scalable computing power and collaborative design processes, facilitating rapid iteration and optimization of complex designs with ease. For instance, in December 2023, according to Eurostat, a Luxembourg-based governmental organization of the European Union, the adoption rate of cloud computing services among medium-sized enterprises increased to 59%, marking a rise from 53% in 2021. Therefore, the increasing deployment of cloud-based solutions is driving the growth of the generative design software market.
Market Trends –
Major companies operating in the generative design software market are focused on developing software with advanced technology such as 3D voxel display and voxel-based geometry kernel technology to enhance the efficiency and precision of design processes. Voxel-based geometry kernel refers to a technology used in computer graphics and design, and it operates on a volumetric representation of objects, where each voxel represents a point in a three-dimensional grid, and 3D voxel display is a type of technology used to visualize three-dimensional objects using voxels. For instance, in June 2022, Hyperganic Group GmbH, a Germany-based company that specializes in generative design software and additive manufacturing solutions, launched the newest version of Hyperganic’s algorithmic design software, Hyperganic Core 3, which incorporated advanced AI technology for automated design processes. The foundation of Hyperganic Core relies on a customized geometry kernel utilizing 3D voxels, while a significant portion of the platform is coded in Assembly, a low-level programming language positioned just above binary machine code. This approach ensures proximity to hardware and optimization across diverse processor architectures. Hyperganic Core 3 employs cutting-edge GPU techniques to display each particle constituting the object in real time, enabling precise and detailed object representation.
The generative design software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Small And Medium-sized Businesses (SMBs), Large Enterprises
4) By Application: Automotive, Aerospace And Defense, Industrial Manufacturing, Building, Healthcare, Education, Energy, Electronics And Consumer Goods
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Regional Insights –
North America was the largest region in the generative design software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative design software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the generative design software market report are <b>Siemens AG; HP Inc.; Accenture PLC; International Business Machines Corporation; SAP SE; Dassault Systèmes SE; Hexagon AB; Autodesk Inc.; ANSYS Inc; PTC Inc.; Bentley Systems Inc.; Stratasys Ltd; Altair Engineering Inc.; GE Additive; Desktop Metal Inc.; ESI Group; Electro Optical Systems GmbH; SLM Solutions Group AG; Markforged Inc; ExOne Operating LLC; Synera GmbH; Caracol AM; nTopology Inc.; Diabatix nv; 3D Systems Inc </b>
Table of Contents
1. Executive Summary
2. Generative Design Software Market Report Structure
3. Generative Design Software Market Trends And Strategies
4. Generative Design Software Market – Macro Economic Scenario
5. Generative Design Software Market Size And Growth
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27. Generative Design Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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