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Generative Design Software Market Trends and Analysis (2018-2028): Key Market Dynamics and Growth Opportunities | Paramatters, nTopology, Desktop Metal, Bentley Systems
Generative Design Software Market – IntroductionThere 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.
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With the advent of Artificial Intelligence (AI), the generative design software have 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 the efficient time management during the production process. A host of these factors are expected to drive promising growth prospects for the generative design software market, which surpassed a value of US$ 110 Mn in 2018 and continues to grow at a steady pace.
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Generative Design Software Market – Novel Developments
Some of the significant players operating in the generative design software market include Paramatters, nTopology, Desktop Metal, Bentley Systems, ESI Group, Dassault Systèmes, MSC Software, ANSYS, Altair, Autodesk, GRM Consulting, Siemens, and PTC.
In January 2019, Autodesk entered into a collaborative partnership with GE and HP for the development of generative design software that possess excellent compatibility with the 3D printers. Such a 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.
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Generative Design Software Market – Segmentation
The generative design software market can be classified on the basis of:
Component
Application
Deployment Model
Industry Vertical
Region
Generative Design Software Market Segmentation – By Component
Depending on the component type, the generative design software market can be bifurcated into:
Software
Services
Design and Consulting
Support and Maintenance
Generative Design Software Market Segmentation – By Deployment Model
Based on the deployment model, the generative design software market can be classified into:
On Premises
Cloud
Generative Design Software Market Segmentation – By Application
On the basis of the application, the generative design software market can be fragmented into:
Product Design and Development
Cost Optimization
Others
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Generative Design Software Market Segmentation – By Industry Vertical
Depending on the industry vertical, the generative design software market can be segmented into:
Automotive
Aerospace and Defense
Industrial Manufacturing
Building
Architecture and Construction
Others
Generative Design Software market regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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