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Growth of Generative Design Market with leading key players like Altair, Autodesk, ANSYS, Dassault Systèmes, Desktop Metal, MSC Software and Others.

05-27-2019 06:05 PM CET | IT, New Media & Software

Press release from: ReportsandReports

Growth of Generative Design Market with leading key players like

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The Global Generative Design Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

The Global Generative Design Market to grow from US$ 111 Million in 2018 to US$ 275 Million by 2023, at a CAGR of 19.9% during the forecast period. This report spread across 105 Pages, profiling 10 companies and supported with tables and figures is now available in this research.

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“Cost Optimization segment is expected to grow at the highest CAGR during the forecast period”
By Application, the cost optimization segment is expected to grow at the highest CAGR during the forecast period. Generative design is one such approach that enables designers to optimize fairly large and complex parameters such as material, energy, and time wastage.

“Automotive industry vertical is estimated to be the largest adopter of generative design solutions in 2018”
The Automotive industry has always been at the forefront of adopting technologies for their product design and development. With rapid manufacturing advancements in the industry, generative design has gained a prominent place in achieving cost and production efficiency. Its use has increased to test and analyze designs of products in a virtual environment.

“Generative design market in Asia Pacific is projected to grow at the highest CAGR during the forecast period”
The High growth of the market in Asia Pacific (APAC)is attributed to the rapid economic developments, favorable government policies, and increasing digitalization in the region with the increasing interest of businesses towards technologies such as Artificial Intelligence (AI). However, high installation costs, low acceptance of consumers, and changes in management processes remains the biggest hurdle in the adoption of generative design across the region.

Breakdown of primary participants’ profile:
• By Company – Tier 1–10%, Tier 2–25%, and Tier 3–65%
• By Designation – C-Level–25%, Director Level–50%,and Others–25%
• By Region – North America–60%, Europe–20%, andAPAC–10% RoW – 10%

Report Highlights:
• To forecast the revenue of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America

• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market

• To define, describe, and forecast the size of the generative design market based on application, component, deployment mode, industry vertical, and region

• To analyze the market’s subsegments with respect to individual growth trends, prospects, and contributions to the total market

• To profile key players and comprehensively analyze their recent developments and position in the generative design market

• To analyze the competitive developments, such as mergers & acquisitions, partnerships, and new product developments in the market

Top Key Players profiled in the Generative Design Market include are Altair (US), Autodesk (US), ANSYS (US), Dassault Systèmes (France), Desktop Metal (US), MSC Software (US), ESI Group (France), Bentley Systems (US), nTopology (US), and Paramatters (US).

Reason to buy this report:
Generative Design Market report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall generative design market and the sub segments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies.

Competitive Landscape of Generative Design Market:
• Overview
• Competitive Scenario
• New Product Launches and Product Enhancements
• Acquisitions, Partnerships, and Collaborations
• Generative Design Market: Prominent Players

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