Generative Design Software Market

Generative Design Software Market Outlook (2022-2032)

There has been a surging demand for novel design software to fuel innovation in the product development process in various industries such as aerospace, automotive, manufacturing, etc., which has resulted in the sales of generative design software.

With the advent of Artificial Intelligence (AI), design software has been gaining popularity among numerous architects, designers, and engineers, owing to its nascent competency to offer a wide range of combinations based on the parameters set according to the requirement.

The software managers can filter through the designs and select the most feasible solution, which has in turn helped in efficient time management during the production process. A host of these factors are expected to drive promising growth prospects for the generative design market, which surpassed a value of US$ 110 Mn in 2018 and continues to grow at a steady pace.

The global market for generative design software is valued at USD 229.40 Million. The market is expected to surpass a valuation of USD 1408.59 Million by the end of 2032. The market is likely to grow with a CAGR of 19.9% in the forecast period 2022-32.

Report Attributes	Details
Market size (2022 A)	USD 229.40 Million
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 1408.59 Million
Global Market Growth rate (2022-2032 E)	CAGR of 19.9%
Key Companies Profiled	nTopology Inc. Desktop Metal Bentley Systems ESI Group Dassault Systèmes MSC Software ANSYS, Altair Autodesk GRM Consulting Siemens PTC

What drives the generative design industry?

“Automotive Sector to Hold a Significant Share of the Generative Design Market”

With the penetration of technology in the automotive sector, the manufacturers operating in the market are naturally pushed to keep up with the changing dynamics.

Ease of use coupled with the time and cost-efficiency offered by the software for the development of the prototype of various complex components is anticipated to drive the sales of the generative design tools.

Generative design software offers a combination of solutions using design parameters such as size, weight, materials, manufacturing methods, and cost constraints, which enables the designers to validate the options and select the one that closely suits the needs.

Additionally, the software cuts down the cost spent on labor and the excess time involved in the cutting, fixturing, welding, and assembling of various parts. With the enhanced development experience of the manufacturers, the growth of the generative design software market is expected to remain bullish in the forthcoming years.

What may deter the growth in this market?

A large number of end-users face challenges pertaining to the utilization of generative design software, which reduces its desirability and in turn impacts the sales of the software.

Reluctance towards the adoption of the software is witnessed among the end-use industries, owing to the need to revamp the entire infrastructure, which is anticipated to act as a growth deterrent for the market.

Complexities encountered during the integration of the software further cause hesitance among the end-users, which could impede the growth of the market.

Recent developments

• In January 2019, Autodesk entered into a collaborative partnership with GE and HP for the development of generative design software that possesses excellent compatibility with 3D printers. Such software is capable of working directly with 3D printers which makes it user-friendly. Using the software, the company will be able to deliver predictive insights during the early stages of design.
• In August 2018, Desktop Metal joined forces with Dassault Systemes for the development of a novel generative design tool – Live Parts. The aim of the technology is to simplify the generative designs for 3D printing. The software will help in the development of lightweight and strong parts through which the end-users can optimize the full efficiency of 3D potential associated with the cost, materials, as well as design flexibility.
• In Dec 2017, nTopology raised nearly US$ 8 Mn during its equity funding round, which will enable the company in ameliorating its generative design software and help in enhancing the intuitive design functionality.

Segment wise Insights

Based on the component types the software segment is likely to dominate in the market due to the optimum forms and capacity of these products. The software transforms designers’ role with a drastic reduction of production time is a rising preference in the segment. Software usage in construction designs is likely to progress in demand in the forecast years.

Based on the application of the generative design software the product design and development segment hold the major share in the assessment period due to gained popularity of AI-led designs by architects and engineers. There can be autosuggestions for designs based on the weights, material, and cost constraints. The software allows filtration and helps manufacturers to fasten the process.

Regional Outlook

North America is anticipated to hold promising growth prospects for the generative design software market. Technological advancements in the region followed by developed IT infrastructure enables the manufacturers of the market to devise innovation and upgrade their offering.

Growing awareness pertaining to the software and the benefits provided by them is expected to fuel the adoption rate of these devices. Additionally, a high concentration of key players in this region and their streamlined distribution channels are expected to deliver sustained growth opportunities to the market in North America in the forthcoming years.

Competitive Landscape

The industry players are focused on the growth of the business by investing heavily in product research. These players are tapping into dynamic and competitive market structures likely to propel them in future years. This market is showing extensive opportunities for new companies. Mergers and partnerships are opted for by many companies to excel and maintain market position in the forecast period. Technological innovations and the advent of AI are likely to have promising futures in design software markets in the forecast period.

Segmentation

• By Application :

  • Product Design and Development
  • Cost Optimisation
  • Others

• By Components :

  • Software
  • Services

• ByDeployments :

  • On-premises
  • Cloud

• By Industry :

  • Automotive
  • Aerospace and defense
  • Building
  • Industrial

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa