Market Analysis

The global Industrial Design Market is projected to expand at a 4.63% CAGR over the forecast period (2020-2030). The focus on optimizing the environmental viability of manufacturing processes is predicted to shape the market for the industrial design market share in the period ahead. Moreover, IoT is also likely to be an integral part of the industrial design market, thus providing several more options for growth in the industrial design market in the forthcoming period.

Incorporation of IoT to Mitigate Production Process

The use of IoT in production methods to speed up output has the potential to drive the global industrial design market. The market may profit from a greater dependence on new technology in the next years owing to its benefits and tools for implementing more difficult design techniques. Enterprises' shift to a value-based business model and manufacturing units' use of quick production methods can bode well for the global market. Manufacturers are commencing new projects in India and China, with suitable execution plans in place according to COVID-19 regulations. This is likely to boost demand for product design and industrial design services in general.

Industrial Design Market Drivers

Integration of IoT to Reduce Production Process

The use of IoT in production procedures to speed up output has the potential to drive the global industrial design market. The market may profit from a greater reliance on new technology in the next years due to its benefits and tools for implementing increasingly difficult design techniques. Enterprises' shift to a value-based business model, as well as manufacturing units' use of rapid production methods, can bode well for the global market. Manufacturers are starting new projects in India and China, with suitable execution plans in place and in accordance with COVID-19 regulations. This is likely to increase demand for product design and industrial design services in general.

Green Engineering

Green engineering and sustainable development represent a realistic possibility for the industry to broaden its reach during the projection period. Sustainable plans are being implemented by governments around the world to reduce carbon emissions and encourage the growth of environmentally sustainable sources of product manufacturing. The usage of solar energy to satisfy industrial energy requirements is a good place to start for the global industrial design market. Industrial design can help builders adhere to the most recent environmental regulations while also benefiting from green incentives.

Market Segmentation

The worldwide industrial design market has been segmented into type and application.

 

By type, the worldwide industrial design market has been divided into User Interface and Interaction Design, Product Design, Model Design and Fabrication, and Other Industrial designs.

By application, the worldwide industrial design market has been segmented into Transportation, electronics, Household, Machinery & Equipment, and Others.

Regional Analysis

APAC to Lead the Global Market

APAC is predicted to lead the worldwide industrial design market as a result of investments by major players in China, South Korea, Japan, and India. The adoption of IoT solutions by top industrialists, as well as a large potential for IoT applications, can help to accelerate the trend. The expansion of the manufacturing sector, as well as government measures to capitalize on the vast labor population, have the potential to boost market demand. By the end of the forecast period, the regional market may be worth USD 24,264.3 million.

Europe to Follow APAC

Europe is expected to make a significant contribution to the global industrial design industry as a result of intellectual property rules being implemented in the European Union to protect patented industrial designs of products and components. Regulations prohibiting third parties from using the patented design and profiting from its success may encourage players to invest in the region. However, ambiguity in key portions of the law can stymie regional market expansion.

Key Players

  • RKS Design (U.S.)
  • IDEO LLC (U.S.)
  • Busse Design (U.S.)
  • Designworks (BMW AG)
  • PDD Group Ltd. (U.K.)
  • Accenture PLC (Ireland)
  • BlueFocus Intelligent Communications Group Co. Ltd. (China)
  • GK Design Group (U.S.)
  • Altran Technologies SA (France)
  • Ziba Design (U.S.)
  • Ammunition Group (U.S.)
  • R&D Design (U.S.)
  • ARTOP Group (China)
  • LUNAR Design (U.S.)

Table of Content

1 Executive Summary

2 Market Introduction

2.1 Definition 14

2.2 Scope Of Study 14

2.3 List Of Assumptions 15

2.4 Market Structure 15

3 Market Insights

4 Research Methodology

4.1 Research Process 19

4.2 Forecast Model 23

5 Market Trends

5.1 Introduction 25

5.1.1 Green Engineering- Focus On Energy Consumption 25

5.1.2 Rising Cloud Infrastructure & IoT 25

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