Global generative design market is anticipated to grow at a significant CAGR of 19.4% during the forecast period (2024-2031). The growing trend of lightweight vehicle products has accelerated demand for generative design technology in automobile sector. This technology is particularly crucial in electric vehicle (EV) design, where prioritizing weight reduction is paramount. Lighter vehicles require less energy for propulsion, leading to more efficient energy consumption and greater range per charge, a key consideration for consumers evaluating EVs. In July 2019, Volkswagen Group collaborated with Autodesk and VW’s Innovation and Engineering Center California to retrofit a vintage VW Bus with leading-edge technologies. Their focus was on maximizing strength while minimizing weight, demonstrating the importance of innovative approaches in achieving optimal performance in EV design.
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Weight reduction has become a critical concern for EV efficiency as the less an automobile weighs, the less energy is required to propel down the road. More efficient energy consumption equates to a more excellent range per charge, which is one of the most important considerations for consumers when evaluating EVs. In January 2020, EV company Arcimoto Inc was working with XponentialWorks and ParaMatters to design and additively manufacture lightweight components for its Fun Utility Vehicle (FUV). The partners are hoping to achieve reduce costs, improve efficiency and performance and ultimately make the FUV more environmentally friendly. According to Autodesk, Inc. General Motors has used generative design earlier in the previous year in a proof-of-concept project to develop a lightweight seat bracket prototype for its future electric cars. With such demand for light parts in automobiles, the demand for generative design is anticipated to increase significantly.
Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Deployment Mode
o By Application
o By Industry Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Autodesk, Inc., Altair Engineering Inc., Dassault Systèmes SE, and Siemens Digital Industries Software among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Generative Design Market Report Segment
By Deployment Mode
- On-Premises
- Cloud-Based
By Application
- Product Design and Engineering
- Cost Optimization
- Other (Learning and Training)
By Industry Vertical
- Automotive
- Aerospace and Defense
- Architecture and Construction
- Manufacturing
- Healthcare
- Consumer Goods
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Company Profiles
- Altair Engineering Inc.
- Bentley Systems, Inc.
- Autodesk Inc.
- ANSYS inc.
- Desktop Metal Inc.
- Dassault Systèmes SE
- MSC Software Corp. (Hexagon AB)
- nTopology, Inc.
- Paramatters
- Diabatix
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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