Market Research Logo

Global Generative Design Market 2019-2023

Global Generative Design Market 2019-2023

About this market

The availability of trial or free versions of generative design is one of the critical factors that will trigger the growth of the global generative design market during the forecast period. Trial versions have limited features designed to give enterprises a chance to try and test the software and then decide whether to buy it or not. Many enterprises, especially SMEs that are keen on expanding their businesses at a low cost, opt for trial or free version of generative design solution before investing. It is encouraging vendors in the market to launch trial or free versions of their generative design solution to cater to the growing demand, which, in turn, will help them to gain market share. Thus, the availability of a trial or free version of generative design solution will attract more enterprises to try this solution. As a result, some enterprises may choose to purchase the solution as it will help them in improving their efficiency, and thereby driving the market growth. Technavio’s analysts have predicted that the generative design market will register a CAGR of over 16% by 2023.



Market Overview

Acceleration of project speed

Inability to complete the projects on time and within the budget are the major problems faced by enterprises in industries such as construction and manufacturing. Traditionally, engineering division used to create the designs of the product manually. Whereas, generative design can generate a large number of designs, which will also be optimized according to the predefined conditions and restraints, very quickly as compared with the traditional process. Thus, it will enable enterprises to quickly select the optimal design based on their requirement, which, in turn, will help them in spending more time and resource in their manufacturing or construction projects. The generative design solution is also capable of rapidly changing the designs according to customer requirements. Thus, enterprises do not have to wait for long to get designs due to a change in customer requirements. Hence, it will lead to an increase in the project implementation speed. All these factors will increase the demand for generative design during the forecast period.

Issues due to manufacturing capability constraints

The primary focus of generative design solution is to provide enterprises with the best shape or topology of the product based on their inputs. Some of the shapes produced by generative design solutions might look good but might not be practical to implement. This is due to the limitation of manufacturing capability with the enterprises. The shape might look optimal, but sometimes it might not be possible to build it due to limitations of the manufacturing process. Even if the enterprises manufacture the product despite the restriction, it can lead to a gap between the design and the manufactured product. Thus, it can lead to failure of the product during the use. Hence, it may hinder the market growth during the forecast period.



For the detailed list of factors that will drive and challenge the growth of the generative design market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Altair Engineering Inc. and ANSYS Inc., makes the competitive environment quite intense. Factors such as the growing demand from automotive industry and the availability of trial or free version of generative design will provide considerable growth opportunities to the generative design manufacturers. Autodesk Inc., Dassault Systèmes SE, and Desktop Metal Inc. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Generative Design Market 2019-2023

Technavio recognizes the following companies as the key players in the global generative design market: Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systèmes SE, and Desktop Metal Inc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the integration of 3D printing with generative design.”

According to the report, one of the major drivers in this market is the growing demand from automotive industry.

Further, the report states that one of the major factors hindering the growth of this market is the growing threat from data breaches.

Companies Mentioned

Altair Engineering Inc.

ANSYS Inc.

Autodesk Inc.

Dassault Systèmes SE

Desktop Metal Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by component
    • Table Component - Market share 2018-2023 (%)
    • Comparison by component
      • Table Comparison by component
    • Software - Market size and forecast 2018-2023
      • Table Software - Market size and forecast 2018-2023 ($ millions)
      • Table Software - Year-over-year growth 2019-2023 (%)
    • Service - Market size and forecast 2018-2023
      • Table Service - Market size and forecast 2018-2023 ($ millions)
      • Table Service - Year-over-year growth 2019-2023 (%)
    • Market opportunity by component
      • Table Market opportunity by component
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Cumulative growth of passenger cars produced in Europe 2013-2017 (%)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Use of artificial intelligence (AI) with generative design
    • Integration of 3D printing with generative design
    • Increasing popularity of cloud-based generative design solution
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Altair Engineering Inc.
      • Table Altair Engineering Inc. - Vendor overview
      • Table Altair Engineering Inc. - Business segments
      • Table Altair Engineering Inc. - Organizational developments
      • Table Altair Engineering Inc. - Geographic focus
      • Table Altair Engineering Inc. - Segment focus
      • Table Altair Engineering Inc. - Key offerings
    • ANSYS Inc.
      • Table ANSYS Inc. - Vendor overview
      • Table ANSYS Inc. - Product segments
      • Table ANSYS Inc. - Organizational developments
      • Table ANSYS Inc. - Geographic focus
      • Table ANSYS Inc. - Segment focus
      • Table ANSYS Inc. - Key offerings
    • Autodesk Inc.
      • Table Autodesk Inc. - Vendor overview
      • Table Autodesk Inc. - Product segments
      • Table Autodesk Inc. - Organizational developments
      • Table Autodesk Inc. - Geographic focus
      • Table Autodesk Inc. - Segment focus
      • Table Autodesk Inc. - Key offerings
    • Dassault Systèmes SE
      • Table Dassault Systèmes SE - Vendor overview
      • Table Dassault Systèmes SE - Business segments
      • Table Dassault Systèmes SE - Organizational developments
      • Table Dassault Systèmes SE - Geographic focus
      • Table Dassault Systèmes SE - Key offerings
    • Desktop Metal Inc.
      • Table Desktop Metal Inc. - Vendor overview
      • Table Desktop Metal Inc. - Business segments
      • Table Desktop Metal Inc. - Organizational developments
      • Table Desktop Metal Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report