Press release
Surge In Commercial Vehicle Sales Fuels Demand For Generative Design Solutions: A Key Factor Shaping the Future of the Generative Design Market in 2025
What combination of drivers is leading to accelerated growth in the generative design market?The generative design market is set to propel forward due to an expected increase in commercial vehicles sales. Commercial vehicles, which are classified as any motor vehicle primarily used for the transportation of goods, passengers, or for providing services for business or financial gains, are witnessing a surge in sales. This surge can be credited to growing consumer demands, the expansion of the electric vehicle (EV) sector, and positive financing options. These factors are enhancing the need for innovative engineering solutions. Generative design helps to improve the structural durability and efficiency of commercial vehicles by reducing weight and fuel usage, thus enhancing performance and safety. For instance, in August 2024, the U.S. Energy Information Administration reported growth in sales of new light-duty vehicles (LDVs) with alternative fuels. Wards Intelligence data show an increase of LDV sales with alternative fuels, rising from 17.8% in Q1 2024 to 18.7% in Q2. Sales of hybrid electric vehicles (HEVs) experienced a year-on-year leap of 30.7%, representing 8.6% of the light-duty market in Q1 and 9.6% in Q2. Meanwhile, sales of plug-in hybrid electric vehicles saw a modest rise, accounting for 2.0% of the total market up from 1.7%. This rise in commercial vehicles sales is fostering growth in the generative design market.
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What is the projected compound annual growth rate (CAGR) of the generative design market from 2025 to 2034, and what factors influence it?
The market size for generative design has seen a rapid expansion in the recent past. The market, projected to increase from $3.78 billion in 2024 to $4.51 billion in 2025, boasts a compound annual growth rate (CAGR) of 19.2%. This growth observed in the historical period is a result of the broadening acceptance of generative design across different sectors, an increasing demand for lightweight, yet highly functional structures in a range of industries, a heightened concentration on environmental sustainability, and an increase in regulatory permissions and standards compliance.
The market size for generative design is forecasted to experience fast-paced expansion in the forthcoming years, reaching the value of $9 billion in 2029, with an impressive compound annual growth rate (CAGR) of 18.9%. Increased focus on product efficiency and refinement, tapping into new sectors, digital revolution acceleration across industries, and the needs for bespoke and individualized goods are all factors driving growth in this projected period. Noteworthy trends for this aforementioned period encompass the application of artificial intelligence (AI) and machine learning (ML) technologies, utilization of cloud-based generative design interfaces, combination of design techniques, incorporation of generative design with additive production methods, and the public accessibility of generative design tools.
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What trends are poised to drive the future success of the generative design market?
Leading firms in the generative design market are shifting their attention towards crafting innovative technology solutions, such as elements featuring generative AI, in order to stay ahead in the industry. Generative AI elements are essentially the application of artificial intelligence in the generative design process to improve its effectiveness and productivity. This technique enables the software to use sophisticated AI algorithms and machine learning to autonomously generate, analyze, and polish design solutions. For example, in May 2023, Evolv AI, a software corporation based in the US, unveiled a few generative AI features that were accessible in beta. The initial feature rolled out was a description-to-design attribute that enabled companies to swiftly produce visual changes to web pages based on textual descriptions within Evolv AI's web editor. This advancement transformed the arenas of personalization and testing. The primary technology employed is generative AI, which utilizes machine learning to automatically generate variations in designs based on textual information. This advancements empowers firms to instantly produce visual changes to web pages based on text descriptions, leading to a revolution in personalization and experimentation.
What are the major segments of the generative design market and their role in driving growth?
The generative design market covered in this report is segmented -
1) By Software Solutions: Topology Optimization, Parametric Design Tools, Simulation And Analysis, Algorithmic Design Platforms
2) By Deployment Models: On-Premises, Cloud-Based
3) By Services: Consulting And Training, Implementation And Integration
4) By Industry: Automotive, Aerospace And Defense, Architecture And Construction, Industrial Manufacturing, Other Industries
Subsegments:
1) By Topology Optimization: Structural Design Optimization, Lightweight Design, Material Usage Optimization
2) By Parametric Design Tools: Shape And Form Customization, Geometry-Based Design, Performance-Driven Design Parameters
3) By Simulation And Analysis: Stress And Strain Testing, Fluid Dynamics And Thermal Analysis, Structural Integrity And Performance Simulation
4) By Algorithmic Design Platforms: Algorithmic Pattern Generation, Design Space Exploration, Evolutionary Design And Optimization
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Which regions are key players in the growth of the generative design market?
North America was the largest region in the generative design market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the generative design market?
Major companies operating in the generative design market report are Dassault Systèmes SE; Hexagon AB; Synopsys Inc.; Autodesk Inc.; Cadence Design Systems Inc.; ANSYS Inc.; Parametric Technology Corporation; The MathWorks Inc.; Bentley Systems Inc.; Altair Engineering Inc.; Materialise NV; MSC Software Corporation; Desktop Metal Inc.; ESI Group; CoreTech System Co. Ltd.; Innovyze Inc.; SoftInWay Inc.; ESTECO SpA; Concepts NREC; HBM nCode; Volume Graphics GmbH; Opticore AB; SimScale GmbH; Onshape Inc.; Caracol AM; nTopology Inc.; Diabatix; Granta Design Limited; Lattice Technology Inc.
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What Is Covered In The Generative Design Global Market Report?
• Market Size Forecast: Examine the generative design market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the generative design market for a structured understanding.
• Key Players Overview: Analyze major players in the generative design market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the generative design market.
• Segment Contributions: Evaluate how different segments drive overall growth in the generative design market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the generative design market.
• Industry Challenges: Identify potential risks and obstacles affecting the generative design market.
• Competitive Landscape: Review strategic developments in the generative design market, including expansions, agreements, and new product launches.
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