The industrial design market has grown steadily in the last few decades due to the growing investment in computer-aided design and computer-aided engineering. The growing global market is likely to be influenced by factors such as the increasing environmental awareness among industrial heavyweights and the growing incorporation of the Internet of Things (IoT) among industrial sectors to make production processes easier and smoother. The global industrial design market is likely to rise at a CAGR of 5.85% over the forecast period (2018-2025). It was valued at USD 32,546.5 million in 2013. The market is expected to almost double in value over the forecast period, with a valuation of USD 61,786.7 million expected for the market by 2025.
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Competitive Analysis:
Leading players in the industrial design market include RKS Design (U.S.), GK Design Group (U.S.), IDEO LLC (U.S.), Altran Technologies SA (France), Busse Design (U.S.), Ziba Design (U.S.), PDD Group Ltd. (U.K.), LUNAR Design (U.S.), R&D Design (U.S.), Ammunition Group (U.S.), BlueFocus Intelligent Communications Group Co. Ltd. (China), Designworks (BMW AG), ARTOP Group (China), and Accenture PLC (Ireland).
Segmentation:
By type, the global industrial design market is segmented into product design, model design and fabrication, user interference and interaction design, and other industrial design. Product design is likely to remain the most important segment of the global industrial design market over the forecast period due to its prime importance in any manufacturing sector.
By application, the global industrial design market is segmented into transportation, electronics, household, machinery and equipment, and others. The machinery and equipment segment is likely to remain the leading contributor to the global industrial design market over the forecast period due to the strong growth of the industrial sector in countries around the world.
Regional Analysis:
Asia Pacific is likely to remain the leading contributor to the global industrial design market and is likely to extend its lead at the top of the market’s charts due to the growing investment in the industrial sector in countries such as China, India, Korea, and Japan. The Asia Pacific is also likely to benefit from the growing adoption of IoT solutions in these and other countries in the region, which represent an untouched market for the IoT industry and are likely to emerge as leading consumers of IoT solutions over the coming years. The manufacturing sector in countries such as China, India, Korea, Thailand, Taiwan, and Japan is likely to boost spectacularly in the coming years due to the growing government efforts to make the most of the human capital available in these countries and increasing investment by foreign players in these markets. This is also likely to be a major driver for the industrial design market in Asia Pacific over the forecast period.
Industry/ Innovation/ Related News:
March 22, 2019 — Creaform (Canada), a business unit of AMETEK and a leader in portable and automated 3D measurement solutions announced that its two new products BLACKTM and Go!SCAN SPARKTM have won Red Dot Awards for Product Design.
With these two products, Creaform’s industrial designer teams pushed the design language to a whole new level—with dramatic results. Not only do these new solutions offer unrivaled 3D scanning performance and accuracy, but they also do so in frictionless ways that improve usability.
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List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018
TABLE 4 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2019-2025
TABLE 5 GLOBAL INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018
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List of Figures
FIGURE 1 GLOBAL INDUSTRIAL DESIGN MARKET: MARKET STRUCTURE
FIGURE 2 GLOBAL MARKET SIZE & MARKET SHARE BY REGION
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH
FIGURE 4 VALUE CHAIN: GLOBAL INDUSTRIAL DESIGN MARKET
FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL INDUSTRIAL DESIGN MARKET
Continued…….
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