PUBLISHER: TechNavio | PRODUCT CODE: 1798163
PUBLISHER: TechNavio | PRODUCT CODE: 1798163
The AI in industrial design market is forecasted to grow by USD 18,995.8 mn during 2024-2029, accelerating at a CAGR of 37.3% during the forecast period. The report on the AI in industrial design market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative to accelerate innovation and reduce product development cycles, rising product complexity and the demand for mass customization, and integration with industry 4.0 and digital twin technologies.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 31.5% |
CAGR | 37.3% |
Incremental Value | $18,995.8 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in industrial design market is segmented as below:
By Component
By Deployment
By End-user
By Geographical Landscape
This study identifies the proliferation of generative AI and design copilots as one of the prime reasons driving the AI in industrial design market growth during the next few years. Also, emergence of the industrial metaverse and AI-powered digital twins and a deepening focus on AI for sustainable design and manufacturing will lead to sizable demand in the market.
The report on the AI in industrial design market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI in industrial design market vendors that include ABB Ltd., Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systemes SE, General Electric Co., Hewlett Packard Enterprise Co., Hexagon AB, Honeywell International Inc., Intel Corp., Microsoft Corp., NVIDIA Corp., PTC Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG. Also, the AI in industrial design market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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