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Surge In Commercial Vehicle Sales Fuels Demand For Generative Design Solutions: A Key Catalyst Accelerating Generative Design Market Growth in 2025
Generative Design Market
Generative Design Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the generative design market has seen a swift expansion. It is projected to climb from $3.78 billion in 2024 to approximately $4.51 billion by 2025, indicating a compound annual growth rate (CAGR) of 19.2%. The historical growth is credited to a surge in the use of generative design across several industries, an upsurge in requirement for lightweight but efficient structures across different sectors, heightened attention towards sustainability and environmental issues, as well as an increase in regulatory authorizations and compliance with standards.
Generative Design Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience speedy expansion in the near future, the generative design market is predicted to reach the value of $9 billion by 2029, growing at a compound annual growth rate (CAGR) of 18.9%. This anticipated growth in the forecast period is primarily due to the escalating focus on product performance optimization, industry expansion, digital transformation acceleration across sectors, and an uptick in demand for custom and personalized products. The prediction period is expected to see major trends including the combination of artificial intelligence (AI) and machine learning (ML) algorithms, the uptake of cloud-based generative design platforms, hybrid designing methods, the convergence of generative design with additive manufacturing technologies, and the widespread accessibility of generative design tools.
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What Are the Drivers Transforming the Generative Design Market?
The anticipatory ascent in commercial vehicle sales is likely to stimulate the progress of the generative design market. Commercial vehicles encompass any motorized vehicle primarily employed for business-oriented transportation, services, or for financial profits. The boost in commercial vehicle sales is credited to escalating consumer demand, evolution of the EV sector, and attractive financing alternatives, triggering the requisite for inventive engineering strategies. Generative design fortifies the structural stability and productivity of commercial vehicles by compromising on weight and fuel usage and advancing performance and safety. For instance, as per the U.S. Energy Information Administration, a government agency for energy-related data, in August 2024, there was a rise in the sales of new light-duty vehicles (LDVs) using alternative fuels. LDV sales incorporating alternative fuels increased from 17.8% of the total LDV sales in the first quarter to 18.7% in the second quarter of 2024, according to Wards Intelligence. The market share attributed to hybrid electric vehicle sales rose by 30.7% annually, constituting 8.6% in the first quarter and 9.6% of the light-duty market in the second quarter. Meanwhile, sales of plug-in hybrid electric vehicles experienced a gentle increase, shifting from 1.7% to 2.0% of the entire market. Consequently, the escalating sales of commercial vehicles fuel the expansion of the generative design market.
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What Long-Term Trends Will Define the Future of the Generative Design Market?
Leading firms in the generative design market are intensifying their efforts to conceive cutting-edge technological answers, like generative AI-featured elements, to secure a competitive advantage. Generative AI-featured elements involve embedding artificial intelligence functions within the generative design process for improved performance and functionality. It empowers generative design software to employ sophisticated AI algorithms and machine learning methods for autonomously producing, assessing, and improving design solutions. For example, in May 2023, Evolv AI, an American software firm, initiated several generative AI features in beta. The initially released feature was a description-to-design component that enabled businesses to instantly effect visual web page modifications from plain text descriptions using Evolv AI's web editor. This groundbreaking development revolutionized the personalization and experimentation context. The technology at play is generative AI, which utilizes machine learning techniques to automatically come up with design alternatives based on textual descriptions. This creative advancement allows businesses to immediately effect visual web page modifications from text descriptions, thereby radically transforming personalization and experimentation.
Which Segments in the Generative Design Market Offer the Most Profit Potential?
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 Firms Dominate the Generative Design Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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