Emerging Trends to Drive Generative Artificial Intelligence (AI) In Product Design Market Growth at 12% CAGR Through 2029

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Generative Artificial Intelligence (AI) In Product Design Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for generative artificial intelligence (ai) utilization in product design has experienced swift expansion in the past few years. The forecast indicates growth from $14.1 billion in 2024 to a larger figure of $15.78 billion in 2025, marking a compound annual growth rate (CAGR) of 11.9%. The historical growth has been driven by several factors including growth in educational programs, evolving consumer expectations, affordable design solutions, instantaneous design modifications, and the internationalization of design methods.

Generative Artificial Intelligence (AI) In Product Design Market Size Forecast: What's the Projected Valuation by 2029?
The market size of generative artificial intelligence (AI) in product design is projected to experience significant expansion in the coming years, reaching $24.81 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 12.0%. Factors contributing to this predicted growth in the forecast period include a heightened focus on sustainability and the rising popularity of industrial design, bolstered by enhanced computational strength, increasing educational initiatives, and a wider public understanding and acceptance. Expected trends in the forecasting period comprise the integration of multi-modal data, improved text generation, blending of quantum computing, enhanced AI-driven user experience (UX) design, and the convergence of cross-disciplinary design.

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What Are the Drivers Transforming the Generative Artificial Intelligence (AI) In Product Design Market?
The increasing focus on intelligent infrastructure initiatives is anticipated to stimulate the expansion of the generative AI in product design market. Intelligent infrastructure initiatives are those that utilize cutting-edge technology and data-oriented strategies to enhance the design, operation, and management of infrastructure systems. This focus is influenced by the necessity for eco-friendly urban development to effectively handle population growth, and advancements in IoT technology that facilitate real-time monitoring and data-informed decision-making. Generative AI applied to product design aids intelligent infrastructure projects by fine-tuning design procedures, allowing for the formulation of inventive, efficient resolutions via swift data analysis and simulation of multiple scenarios. For example, the UK's Office for National Statistics reported in July 2024 that investment in digital infrastructure in 2022 amounted to $12.4 (£9.2) billion, marking a 22.9% increase from 2021. As a result, the increasing focus on intelligent infrastructure projects is fueling the expansion of the generative artificial intelligence (AI) in product design market.

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What Long-Term Trends Will Define the Future of the Generative Artificial Intelligence (AI) In Product Design Market?
Leading corporations in the generative artificial intelligence (AI) in product design market are forging ahead with the creation of technologically superior solutions like generative AI for digital product design, to boost design processes across numerous sectors. In the context of digital product design, generative AI refers to using artificial intelligence technologies to aid in the creation and development of digital products such as websites, apps, and user interfaces. As a case in point, in June 2023, Flytxt, a provider of AI-fueled SaaS solutions based in the Netherlands, introduced a Generative AI tool aimed at enhancing digital product design by facilitating the rapid and more effective formation of high-performing products. This groundbreaking tool tackles the hurdles associated with speedily creating high-performing products. It methodically evaluates various product designs to single out the best choices, calibrating pricing, product features, and package options to achieve business goals such as boosting revenue and maintaining customer loyalty. This use of generative AI is striking for its capacity to enable transparency in decision making, giving product managers the ability to go through and comprehend the reasoning behind AI-driven designs prior to product launches.

Which Segments in the Generative Artificial Intelligence (AI) In Product Design Market Offer the Most Profit Potential?
The generative artificial intelligence (ai) in product designmarket covered in this report is segmented -

1) By Deployment Model: Cloud-Based, On-Premises
2) By Application: Design Exploration And Ideation, Design Optimization And Simulation, Customization And Personalization, Other Applications
3) By End-User: Automotive Manufacturers, Healthcare And Medical Device Manufacturers, Contraction And Architecture Firms, Other End-Users

Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premises: Small And Medium Enterprises (SMEs), Large Enterprises

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Which Firms Dominate the Generative Artificial Intelligence (AI) In Product Design Market by Market Share and Revenue in 2025?
Major companies operating in the generative artificial intelligence (AI) in product design market are Microsoft Corporation, Amazon Web Services Inc., Siemens AG, International Business Machines Corporation (IBM), NVIDIA Corporation, Adobe Inc., Dassault Systèmes SE, Hexagon AB, Autodesk Inc., ANSYS Inc., PTC Inc., Unity Technologies Inc., Bentley Systems Incorporated, Altair Engineering Inc., Xometry Inc., SparkCognition Inc., AI21 Labs Ltd., Cohere Inc., GeekyAnts Inc., LeewayHertz Inc., nTopology Inc., Onshape Inc., DataToBiz Inc., Markovate Inc., Hacarus Inc

Which Regions Offer the Highest Growth Potential in the Generative Artificial Intelligence (AI) In Product Design Market?
North America was the largest region in the generative artificial intelligence (AI) in product design market in 2024. The regions covered in the generative artificial intelligence (AI) in product design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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