Press release
Emerging Artificial Intelligence (AI) In Industrial Design Market Driver 2025-2034: Impact Of Smart Manufacturing And Industry 4.0 On AI In Industrial Design
Artificial Intelligence (AI) In Industrial Design Market Share
The market size of artificial intelligence (AI) in industrial design has witnessed substantial expansion in recent years. The market is set to increase from $4.98 billion in 2024 to $6.45 billion in 2025, with a compound annual growth rate (CAGR) of 29.5%. The significant growth during the historic period can be ascribed to factors such as the automation of design procedures, data-oriented decision-making, enhancement in computational abilities, amalgamation with CAD tools, customization and personalization, initiatives to reduce costs, and investments in research and development.
The market size for artificial intelligence (AI) in industrial design is projected to experience a significant expansion in the coming years, expanding to $17.99 billion by 2029, with an impressive compound annual growth rate (CAGR) of 29.2%. The growth anticipated during this projected period can be credited to the assimilation of Industry 4.0, the embracement of smart manufacturing, the popularity of sustainable and eco-friendly designs, progress in materials technology, improved simulation and testing, joint design platforms, and prototyping powered by AI. Key trends expected for the said forecast period include design generated through AI, integration with the Internet of Things (IoT), design solutions residing in the cloud, augmented reality (AR) and virtual reality (VR) improved by AI, utilization of machine learning for preemptive maintenance, AI-assisted quality monitoring, and cooperative endeavors between humans and AI.
What Are the Key Drivers Behind the Growth of the Artificial Intelligence (AI) In Industrial Design Market?
The growth of the artificial intelligence (AI) in the industrial design market is poised to be boosted by the emergence of smart manufacturing and Industry 4.0. The need for improved operational efficiency, lower production costs, and superior product quality has thrust smart manufacturing and Industry 4.0 into prominence. These terms signify the blending of sophisticated technologies into manufacturing procedures in order to augment productivity, flexibility, and efficiency. Intelligent manufacturing utilizes AI in industrial design to enhance product quality and streamline production processes through real-time data analysis and automation. It also predicts equipment failures. For instance, Conexus Indiana, a manufacturing industry in the US, reported in December 2022 that there was a substantial growth of 35% in the implementation of smart manufacturing and Industry 4.0 technologies compared to 2021. Simultaneously, there was a 13% surge in the number of companies with both budget allocations for tech deployment and strategic roadmaps. Advanced modeling technologies had the highest adoption rate, surging 27% from 24%. Hence, the burgeoning smart manufacturing and Industry 4.0 trend is promoting the application of AI in the industrial design market.
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Who Are the Major Industry Players Fueling Artificial Intelligence (AI) In Industrial Design Market Expansion?
Major companies operating in the artificial intelligence (AI) in industrial design market are Google LLC, Microsoft Corporation, Amazon Web Services Inc. (AWS), Siemens AG, General Electric Company (GE), Intel Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Honeywell International Inc., SAP SE, NVIDIA Corporation, Schaeffler Technologies AG And Co. KG, Atos SE, Rockwell Automation Inc., Dassault Systèmes SE, Hexagon AB, Autodesk Inc., Trimble Inc., Ansys Inc., PTC Inc., Teradata Corporation, Bentley Systems Inc., Cognex Corporation, Altair Engineering Inc., 3D Systems Corporation
Who Are the Major Industry Players Fueling Market Expansion?
Major companies concentrated in the industrial design sector of artificial intelligence (AI) are forging new, advanced tools, such as search functionalities, to boost design precision and productivity while minimizing time-to-market. These search tools apply AI-empowered image recognition and similarity algorithms to evaluate and juxtapose visual aspects, facilitating users to rapidly identify analogous designs and expedite registration. For example, Corsearch, a data-driven trademark and domain institution and protection company based in the UK, rolled out the industrial design search tool in February 2024, a new component embedded in its TrademarkNow platform. This AI-integrated tool optimizes the procedures of recognizing and registering aesthetic industrial designs. It provides professionals the ability to perform searches more efficiently and accurately, honing in on the visual attributes of a product over its functionality. The tool utilizes similarity algorithms and gives users the option to fine-tune searches based on geographical locations and Locarno class characteristics.
How Is the Segmentation of the Artificial Intelligence (AI) In Industrial Design Market Defined?
The artificial intelligence (AI) in industrial design market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud-Based, On-Premise
3) By Industry Vertical: Automotive, Consumer Electronics, Aerospace And Defense, Healthcare, Other Industry Verticals
Subsegments:
1) By Software: AI-Driven CAD (Computer-Aided Design) Tools, Generative Design Software, Simulation And Modeling Software, AI-Based Product Lifecycle Management (PLM) Software, AI-Powered 3D Rendering and Visualization Tools, AI-Based Design Automation Tools, AI-Driven Virtual Prototyping Software
2) By Services: AI Consulting and Strategy Services, AI System Integration And Implementation Services, AI-Based Design Customization Services, AI Maintenance And Support Services, Training And Education Services For AI Tools, Managed AI Design Services, Data Analytics Services For Design Optimization
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What Is the Leading Region in the Artificial Intelligence (AI) In Industrial Design Market?
Asia-Pacific was the largest region in the artificial intelligence (AI) in industrial design market in 2024. The regions covered in the artificial intelligence (AI) in industrial design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Artificial Intelligence (AI) In Industrial Design Global Market Report?
- Market Size Analysis: Analyze the artificial intelligence (ai) in industrial design Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the artificial intelligence (ai) in industrial design market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall artificial intelligence (ai) in industrial design market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the artificial intelligence (ai) in industrial design market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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