Generative Design Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Generative Design Market is expected to register a CAGR of greater than 15% during the forecast period (2021 - 2026). The upcoming trend of designing toolset with machine learning capabilities contributes to the growth of the market studied. Significant investments made during 2019, aimed at empowering designers to reduce the number of errors, thereby saving considerable time are expected to produce results in the future.
Key HighlightsThe market for Generative Design 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 the automotive industry and the availability of trial or free version of the generative design will provide considerable growth opportunities to the generative design manufacturers. The major companies covered in this report are Autodesk Inc., Dassault Systèmes SE, and Desktop Metal Inc.
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