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Generative Design Market Increasing Demand, Growth Analysis and Future Outlook by 2031

10-19-2024 09:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Generative Design Market Increasing Demand, Growth Analysis

Global generative design market is anticipated to grow at a significant CAGR of 19.4% during the forecast period (2024-2031). The growing trend of lightweight vehicle products has accelerated demand for generative design technology in automobile sector. This technology is particularly crucial in electric vehicle (EV) design, where prioritizing weight reduction is paramount. Lighter vehicles require less energy for propulsion, leading to more efficient energy consumption and greater range per charge, a key consideration for consumers evaluating EVs. In July 2019, Volkswagen Group collaborated with Autodesk and VW's Innovation and Engineering Center California to retrofit a vintage VW Bus with leading-edge technologies. Their focus was on maximizing strength while minimizing weight, demonstrating the importance of innovative approaches in achieving optimal performance in EV design.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/generative-design-market

Weight reduction has become a critical concern for EV efficiency as the less an automobile weighs, the less energy is required to propel down the road. More efficient energy consumption equates to a more excellent range per charge, which is one of the most important considerations for consumers when evaluating EVs. In January 2020, EV company Arcimoto Inc was working with XponentialWorks and ParaMatters to design and additively manufacture lightweight components for its Fun Utility Vehicle (FUV). The partners are hoping to achieve reduce costs, improve efficiency and performance and ultimately make the FUV more environmentally friendly. According to Autodesk, Inc. General Motors has used generative design earlier in the previous year in a proof-of-concept project to develop a lightweight seat bracket prototype for its future electric cars. With such demand for light parts in automobiles, the demand for generative design is anticipated to increase significantly.

Market Coverage

The market number available for - 2023-2030
Base year- 2023
Forecast period- 2024-2031
Segment Covered- 

o             By Deployment Mode

o             By Application

o             By Industry Vertical

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Autodesk, Inc., Altair Engineering Inc., Dassault Systèmes SE, and Siemens Digital Industries Software among others.

Key questions addressed by the report.

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Generative Design Market Report Segment

By Deployment Mode

On-Premises
Cloud-Based

By Application

Product Design and Engineering
Cost Optimization
Other (Learning and Training)

By Industry Vertical

Automotive
Aerospace and Defense
Architecture and Construction
Manufacturing
Healthcare
Consumer Goods

A full report of Generative Design Market available @ https://www.omrglobal.com/industry-reports/generative-design-market

Company Profiles

Altair Engineering Inc.
Bentley Systems, Inc.
Autodesk Inc.
ANSYS inc.
Desktop Metal Inc.
Dassault Systèmes SE
MSC Software Corp. (Hexagon AB)
nTopology, Inc.
Paramatters
Diabatix

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari

Email: anurag@omrglobal.com

Contact no: +91 780-304-0404

Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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