Global Industrial Design Market is projected to expand at 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.
The Global Market to Regain Stability Post COVID-19 Crisis
Product development has been hampered by the COVID-19 pandemic, which has resulted in constraints on production units, uncertain demand, and travel restrictions. In order to increase productivity, industrial design firms have implemented work-from-home rules and collaboration tools. FMCG firms' sustainability ambitions, as well as an emphasis on recyclability, remain high on the priority list for key industries. This can benefit industrial design firms by providing them with contracts and projects.
The advancement of medical technology, as well as the reliance on interconnected devices for obtaining patient information and making educated decisions, has resulted in industrial design firms focusing on portable designs of gadgets to aid healthcare staff. Customized procedure trays, for example, are designed to meet the needs of surgeons.
- 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.)
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 Design.
By application, the worldwide industrial design market has been segmented into Transportation, Electronic, Household, Machinery & Equipment, and Others.
APAC to Lead the Global Market
APAC is set to lead the worldwide industrial design market as a result of investments by major participants in China, South Korea, Japan, and India. Adoption of IoT solutions by top industrialists and a large potential for IoT applications, can help to accelerate the trend. The expansion of the manufacturing sector and government measures to capitalize on the vast labor population, have the potential to boost market demand. By the conclusion of the assessment period, the regional market may be worth USD 24,264.3 million.
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 14
2.2 Scope Of The 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