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There has been a surging demand for novel design software to fuel innovation in the product development process in various industries such as aerospace, automotive, manufacturing, etc., which has resulted in the sales of generative design software.
With the advent of Artificial Intelligence (AI), the generative design software have been gaining popularity among numerous architects, designers, and engineers, owing to its nascent competency to offer a wide range of combinations based on the parameters set according to the requirement. The software managers can filter through the designs and select the most feasible solution, which has in turn helped in the efficient time management during the production process. A host of these factors are expected to drive promising growth prospects for the generative design software market, which surpassed a value of US$ 110 Mn in 2018 and continues to grow at a steady pace.
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Generative Design Software Market – Novel Developments
Some of the significant players operating in the generative design software market include Paramatters, nTopology, Desktop Metal, Bentley Systems, ESI Group, Dassault Systèmes, MSC Software, ANSYS, Altair, Autodesk, GRM Consulting, Siemens, and PTC.
In January 2019, Autodesk entered into a collaborative partnership with GE and HP for the development of generative design software that possess excellent compatibility with the 3D printers. Such a software is capable of working directly with 3D printers which makes it user-friendly. Using the software, the company will be able to deliver predictive insights during the early stages of design.
In August 2018, Desktop Metal joined forces with Dassault Systemes for the development of a novel generative design tool – Live Parts. The aim of the technology is to simplify the generative designs for 3D printing. The software will help in the development of lightweight and strong parts through which the end-users can optimize the full efficiency of 3D potential associated with the cost, materials, as well as design flexibility.
In Dec 2017, nTopology raised nearly US$ 8 Mn during its equity funding round, which will enable the company in ameliorating its generative design software and help in enhancing the intuitive design functionality.
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The research report presents a comprehensive assessment of the generative design software market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to generative design software market segments such as geographies, application and industry.
Generative Design Software Market report covers exhaustive analysis on:
Generative Design Software Market Segments
Generative Design Software Market Dynamics
Generative Design Software Market Size
Supply & Demand
Competition & Companies involved
Generative Design Software market regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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