Generative Design Software Market Size Worth $1,003.54 Million By 2032 | CAGR: 18.8%

The global generative design software market size is expected to reach USD 1,003.54 million by 2032, according to a new study by Polaris Market Research. The report “Generative Design Software Market Share, Size, Trends, Industry Analysis Report, By Application (Product Design and Development, Cost Optimization, and Others); By Component; By Deployment; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising demand and proliferation of novel design software from various industries, including aerospace, automotive, and manufacturing, to optimize their designs for better performance, sustainability, and cost-effectiveness are driving the market’s growth. Companies increasingly investing in R&D activities to foster the development of new software tools with enhanced capabilities and features, the market for generative design software will likely have a positive impact.

For instance, in February 2024, HatchWorks introduced its new innovative Generative-Drive development, which leverages the power of generative AI to streamline and accelerate the development lifecycle. The new approach led to increased productivity of 30-50% for the company’s clients, development, and accelerating design.

Furthermore, the surging demand for lightweight vehicle products all over the world has generated significant demand for generative design software. Generative design is widely utilized to produce lightweight vehicles as it helps designers to effectively reduce mass and material usage for vehicles while maintaining high-performance standards and several engineering constraints. Thus, the rapid increase in demand and sales of lightweight vehicles will positively impact the need for generative design software.

For instance, as per a report published in December 2023, the total light-weight vehicle sales in the United States stood at 15.89 million units in December 2023, with an increase from 15.39 million compared to the previous month.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/generative-design-software-market/request-for-sample

Owing to rapid technological advancements, the manufacturing sector worldwide is undergoing significant transformation. The rise and emergence of generative design has been revolutionizing the process of conceptualization and production of products and allowing manufacturing industries to explore a wide range of design possibilities. For instance, in November 2023, Autodesk unveiled its new Autodesk AI, a technology that unlocks creativity and eliminates several manual or non-productive works. It allows customers to explore and imagine freely while generating accurate, precise, and innovative results.

Generative Design Software Market Report Highlights

• The product design and development segment accounted for a notable share, owing to the adoption of generative design by engineers and architects to efficiently design complex structures.
• The software segment is expected to hold a significant market share attributed to increased usage of software solutions since it reduces working hours on several manual designing tasks.
• On-premises segment led the market revenue due to its beneficial characteristics, including control over data, lower chance of data breaches, and higher reliability.
• North America dominated the global market on account of greater awareness among businesses about the potential benefits of generative design software tools.
• The key market players include Hexagon AB, Dassault Systems, Bentley Systems, Altair Engineering, Synera GmbH, MSC Software, and ESI Group.

Polaris Market Research has segmented the generative design software market report based on application, component, deployment, and region:

Generative Design Software, Application Outlook (Revenue - USD Million, 2024 - 2032)

• Product Design and Development
• Cost Optimization
• Others

Generative Design Software, Component Outlook (Revenue - USD Million, 2024 - 2032)

• Software
• Services

Generative Design Software, Deployment Outlook (Revenue - USD Million, 2024 - 2032)

• On-premises
• Cloud

Generative Design Software, Regional Outlook (Revenue - USD Million, 2024 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

Generative Design Software Market Report Scope