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Generative Design Market Research Report - Segmentation By Application (Product Design & Development and Cost Optimization), Component (Software and Services), End-User (Automotive, Aerospace & Defense, Industrial Manufacturing), and Region - Forecast to 2027

Published: January, 2022
ID: 9845
Pages: 150

Generative Design Market Size (2022-2027)

The global generative design market is determined to develop from $196 million in 2021 to touch $454 million in 2027, at an annual growth rate of 20.4% over the forecast period of 2022 to 2027.

Generative design envisions developing evolutionary approaches based on technologies like artificial intelligence (AI) and cloud computing. Key players in the generative design market support key improvements to artificial intelligence software and cloud technology. Using generative design with these tools, engineers can enter basic parameters such as weight, height, material options, and strength. This generative design process allows engineers to offer a wide variety of design options to customers.

Generative design is a capability of CAD applications that independently generates a series of design alternatives subject to a number of restrictions. Deployments like On-Premise and Cloud are counted in scope. The report examines the vertical sectors of end users such as automotive, aerospace and defense, architecture and construction and manufacturing machinery. Other types of end-user markets include consumer and construction products.

Due to the growing demand for advanced manufacturing with complex designs and the need to downsize while improving the performance of the automotive industry, automakers must increase their R&D investments and adopt a generative design. Leading companies like Airbus and others are including generative design which is anticipated to shape the future of the engineering industry. It allows engineers to hand over the reins to their CAD software to naturally find the best solutions for a given set of constraints.

MARKET TRENDS

The growing trend in light vehicle products has created demand for generative design technology. In 2019, the Volkswagen group presented an old VW Microbus, which is updated with various reconceptualized components produced by generative design technology. VW is promoting this vehicle to highlight technologies that it believes would be important for the future of car design and manufacturing, particularly in the production of electric vehicles. Autodesk has partnered with the VW, California Center for Innovation and Engineering (IECC) on this project to maximize their strength and minimize their weight. Generative design has been implemented to produce lighter parts by reducing the use of mass and materials, while maintaining high performance standards and engineering limits.

In addition, in January 2020, electric vehicle company Arcimoto Inc. announced that it was working with XponentialWorks and ParaMatters to design and manufacture lightweight component additives for their fun commercial vehicle (FUV). By implementing ParaMatters artificial intelligence-based generative design software, several elements are being redesigned to generate alternative parts that have the same performance characteristics, but are lighter in weight.

In April 2019, AUDI AG, a German automaker, implemented polymer-based 3D printing technology for its production line at the Bollinger Hofe plant in Germany. These adoption cases are high, due to the improved capabilities of manufacturers and less dependency on the supply chain of critical components, which can lead to failure. According to Sculpteo, a 3D printing company, the highest priorities for Europeans using 3D printing are to stimulate product development and offer personalized products and limited editions.

Weight reduction has become a critical concern for the efficiency of electric vehicles, because the less a car weighs, the less energy is needed to power the road. More efficient power consumption equates to a more excellent range per charge, which is one of the most important considerations for consumers when evaluating electric vehicles.

Market Drivers and Limitations

Factors such as the growing need for advanced design software to stimulate product innovation, the growing demand for environmentally friendly architecture, and increased production efficiency are expected to stimulate the global generative design market during the forecast period.

The main objective of the generative design solution is to provide companies with the best form or topology of the product according to their contributions. Some shapes created by generative design solutions may be appealing but practically complex to reproduce. This is due to the limitation of manufacturing capacity with companies. The shape may seem optimal, but sometimes it may be impossible to build it due to the limitations of the manufacturing process. Even if companies manufacture the product despite the restriction, it can create a gap between the design and the product produced. Therefore, this can cause the product to fail during use. Therefore, this may hinder market growth during the forecast period.

GENERATIVE DESIGN MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2021-2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

20.4%

Segments Covered

Component, Application, End User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Autodesk, Altair, ANSYS, MSC Software, Dassault Systèmes, ESI Group, Bentley Systems, Desktop Metal, nTopology, Paramatters and other market players

Fastest Growing Region

Europe

Largest Market

North America

 

Market Segmentation

The global generative design market is segmented and sub-segmented into the following categories:

Generative Design Market - By Component

  • Software
  • Services

Generative Design Market - By Application

  • Product Design and Development
  • Cost Optimization

Generative Design Market - By End User

  • Automotive
  • Aerospace & Defense
  • Industrial Manufacturing

Generative Design Market - By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The European region is experiencing growth in electric vehicle sales, which is crucial consumer for generative design solutions. Electric vehicle sales are increasing in Europe, and diesel vehicle sales continue a downward trend. There has been a surge in the sales of electric vehicles across the European Union in the review period. The increase in BEV registrations was most notable in Scandinavian countries such as Denmark, which experienced a quadrupling of BEV sales, and Sweden and Finland, which tripled, followed by Poland, Belgium and Greece. Additional modifications to electric vehicles, like increasing battery life, reducing vehicle weight, would require generative design software.

Key Players in the Market

The generative design market includes major solution providers such as:

  1. Autodesk (United States)
  2. Altair (United States)
  3. ANSYS (United States)
  4. MSC Software (United States)
  5. Dassault Systèmes (France)
  6. ESI Group (France)
  7. Bentley Systems (United States)
  8. Desktop Metal (United States)
  9. nTopology (United States)
  10. Paramatters (United States)

Recent Developments

  • November 2019: MSC Software Corporation (MSC), a leading provider of computer-aided simulation, announced the launch of its MSC Apex Generative Design, a new optimization solution that enhances overall quality with Unmatched Automation design processes with an integrated vision of manufacturing.
  • May 2020: Australian intelligence platform Archistar, which combines architectural design with artificial intelligence to inform real estate decision-making, closed a $ 6 million Series A funding round led by AirTree to accelerate growth. and expand its product and engineering team.
  • In January 2019, Autodesk signed an alliance with HP and GE to implement generative design software tools that are compatible to 3D printers. This would help Autodesk to increase rapid prototyping of 3D parts.

Impact of Covid-19 on the Global Generative Design Market

The significant COVID-19 pandemic has boosted the usage of 3D printing in the region. With the surge in the call for 3D printing, particularly in the healthcare industry for making ventilators, the demand for generative design has risen that is supposed to overgrow in the outlook period

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Generative Design Market, By Component                  

                                6.1.1 Software  

                                6.1.2 Services    

                                6.1.3 Market Size Estimations & Forecasts (2022-2027)

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Generative Design Market, By Application                   

                                6.2.1 Product Design & Development    

                                6.2.2 Cost Optimization

                                6.2.3 Market Size Estimations & Forecasts (2022-2027)

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Generative Design Market, By End-User                       

                                6.3.1 Automotive            

                                6.3.2 Aerospace & Defense        

                                6.3.3 Industrial Manufacturing  

                                6.3.4 Market Size Estimations & Forecasts (2022-2027)

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2022-2027)

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Application        

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Application        

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Application        

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Application        

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Application        

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Autodesk                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Altair                             

                8.3 ANSYS                           

                8.4 MSC Software                           

                8.5 ESI Group                    

                8.6 Dassault Systèmes                  

                8.7 Bentley Systems                      

                8.8 Desktop Metal                          

                8.9 nTopology                   

                8.10 Paramatters                             

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Generative Design Market By Region, From 2022-2027 ( USD Billion )
  2. Global Generative Design Market By Component, From 2022-2027 ( USD Billion )
  3. Global Software Market By Region, From 2022-2027 ( USD Billion )
  4. Global Services Market By Region, From 2022-2027 ( USD Billion )
  5. Global Generative Design Market By Application, From 2022-2027 ( USD Billion )
  6. Global Product Design & Development Market By Region, From 2022-2027 ( USD Billion )
  7. Global Cost Optimization Market By Region, From 2022-2027 ( USD Billion )
  8. Global Generative Design Market By End-User, From 2022-2027 ( USD Billion )
  9. Global Automotive Market By Region, From 2022-2027 ( USD Billion )
  10. Global Aerospace & Defense Market By Region, From 2022-2027 ( USD Billion )
  11. Global Industrial Manufacturing Market By Region, From 2022-2027 ( USD Billion )

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