Global Industrial Design Market Research Report: By Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, Others) - Forecast to 2027
Market Overview
Market Research Future (MRFR) has announced a new report on the global industrial design market. Extensive data aggregation on the global industrial design market is performed in the report with the help of dynamic primary and secondary research methods. Top-down and bottom-up approaches are used to figure out the market’s overall standing in the global marketplace and the relative role of each segment within the overall market. The global growth prospects of the industrial design market are analyzed by compiling the growth prospects of its various segments. The competitive landscape and segmentation of the global industrial design market are assessed in detail to provide pointers as to how players can succeed in the various components of the market over the coming years.
According to the report, the global industrial design market is likely to rise at a CAGR of 5.85% over the 2020-2027 forecast period, having been 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 2027.
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 industrial design 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.
Green engineering is likely to be a major component of the global industrial design market over the forecast period. The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products. Environmentally oriented manufacturing processes are likely to become more popular in the industrial sector over the coming years, shaping the trajectory of the industrial design market as an influential factor.
Recent Developments
- Iptor has entered into a partnership with HARMAN for developing future solutions and providing cloud solutions for clients across publishing, pharmaceutical, and distribution businesses. Design developments comprising social collaboration, process automation, robotic support, and industry 4.0 are expected to drive the demand for industrial design.
- The LG Wing G5 by LG has utilized industrial design to its full potential for its latest smartphone. It has integrated latest technologies and compatible with wireless communication technologies. It contains two display screens with the second one able to swivel horizontally with the help of hydraulic dampers.
Segmentation Analysis:
The global industrial design market is segmented by type and application.
By type, the 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, rising to a value of USD 23,273.8 million by 2027.
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 round the world. The segment is likely to rise to a valuation of USD 19,889.4 million by 2027, followed by the electronics segment with USD 16,261.5 million.
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. 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 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, which is expected to reach a valuation of USD 24,264.3 million by the end of the forecast period.
Report Scope
Global Industrial Design Market report compiled by MRFR illustrates the trajectory of segments and sub-segments as well as supporting factor driving their growth. The report contains a comprehensive summary and explores all opportunities, trends, and threats to be faced by industry leaders in the coming years. It is segmented in the following manner:
By Type
- User Interference and Interaction Design
- Model Design and Fabrication
- Product Design
- Other Industrial Design
By Application
- Electronics
- Household
- Machinery and Equipment
- Transportation
- Others
Browse Complete Report @ https://www.marketresearchfuture.com/reports/industrial-design-market-6936
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Global Industrial Design Market Research Report: By Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, Others) - Forecast to 2027Market OverviewMarket Research Future (MRFR) has announced a new report on the global industrial design market.
Extensive data aggregation on the global industrial design market is performed in the report with the help of dynamic primary and secondary research methods.
The competitive landscape and segmentation of the global industrial design market are assessed in detail to provide pointers as to how players can succeed in the various components of the market over the coming years.According to the report, the global industrial design market is likely to rise at a CAGR of 5.85% over the 2020-2027 forecast period, having been 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 2027.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 industrial design 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.Green engineering is likely to be a major component of the global industrial design market over the forecast period.
The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products.
Industrial Design Market ResearchThe 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).
The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products.
The use of solar energy in the manufacturing sector is not uncommon in developing countries and is already the norm in developed countries, which could help propel the adoption of further environmental accountability in the manufacturing sector over the forecast period.
Environmentally oriented manufacturing processes are likely to become more popular in the industrial sector over the coming years, shaping the trajectory of the industrial design market as an influential factor.IoT is also likely to be a major part of the industrial design market in the coming years and a major factor to consider while innovating and working in the industrial design sector.
Reports that evaluate the industrial automation and equipment industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects.
The prominence for computer-aided engineering is aiding the development of the industrial design market substantially.
Based on type, the industrial design market globally is segmented into model design and fabrication, product design, user interference, and interaction design, and other industrial design.
The regional segments in the industrial design market are Asia Pacific, North America, Europe and the rest of the world.Detailed Regional AnalysisAs per the regional analysis of the Asia Pacific region is expected to continue its lead in the industrial design market and is expected to extend its leadership due to the rising investment in the industrial sector in nations such as Korea, China, India, and Japan.
The Asia Pacific region is also expected to profit from the rising adoption of IoT solutions in these and other nations in the region, which signify an intact market share for the IoT industry and is expected to appear as the foremost consumers of IoT solutions in the coming years.
The manufacturing sector in nations such as India, China, Korea, Taiwan, Thailand, and Japan are expected to increase immensely in the impending years owing to the growing government attempts to make the most of the human capital existing in these nations and growing investment by foreign companies in these markets.
The Industrial Design Market 2021 research report gives emerging industry data, global segments and regional outlook.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial design market include IDEO, BlueFocus Intelligent Communications Group Co. Ltd., Designworks, Bayerische Motoren Werke AG, ARTOP Group, Frog Design Inc., Ammunition Group, ZIBA Design, Fuse Project, PDD, LUNAR, R & D Design, GK Design Group, RKS, BUSSE Design.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Design Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-design-market/download-sampleMarket DynamicsThe major factor driving the industrial design market is growing investment in computer-aided technology and computer-aided design.
The rising integration of loT between industrial sectors to make the production process smooth and effective is adding growth to the market in the coming years.
