The KSA industrial design market size is expected to reach US$ 794.74 million by 2031 from US$ 611.89 million in 2023. The market is estimated to record a CAGR of 3.3% from 2023 to 2031. Green construction is likely to remain among the key market trends in the coming years.
The expanding applications of 3D printing and demand for generative design are the key factors fueling the KSA industrial design market. In addition, the burgeoning adoption of advanced technologies such as AI and ML and increasing construction activities are anticipated to propel the market in the coming years. Investments in smart factories and the diversification of the economy, along with rising investments in smart cities, are a few of the factors that are creating lucrative growth opportunities for the KSA industrial design market. Green engineering and cloud-based industrial design software are likely to prevail as key trends in the KSA industrial design market in the coming years.
Industrial design is the professional practice that involves designing devices, objects, and services that are used by millions of people every day across the world. Industrial design software helps users to create, analyze, visualize, and communicate design intent and aesthetics before creating an actual prototype. These software solutions are used in the development of various everyday products, including cars, tablets, and headphones. Product design, transportation design, environmental design, and interaction design are the four categories of industrial design. Industrial product design is an essential aspect of enterprises in today's competitive business environment. Through the application of fundamental principles of industrial design, companies can develop inventive and customer-focused goods that appeal to their target market.
3D printing, also known as additive manufacturing, is a method of creating three-dimensional objects using a computer-generated design. This process involves adding materials in layers to build a 3D part or object. It is perceived as the best option for the creation of complex, bespoke items. It is also employed as an ideal solution for rapid prototyping, as products can be created faster than any other traditional manufacturing techniques and without any dependency on external supply chains. Nonetheless, 3D printing is cheaper than subtractive production methods as no extra material is used. The process is based on computer-aided design (CAD); any product alterations can be easily accommodated without impacting the manufacturing cost. Industrial design software is used for designing a 3D object, creating 2D schematics for manufacturing, and then altering and modifying the design as per the requirement. This software is essential to generate the machine code required for the manufacturing process.
Parametric modeling in industrial design software enables manufacturers to define and modify their designs by changing parameters and dimensions. A 3D printer cannot generate a 3D model without the help of industrial design software. The adoption of industrial design software for 3D printing allows manufacturers to easily collaborate with their teams and stakeholders. It also lowers the amount of rework and feedback cycles, further ensuring quality production in a short time. In Saudi Arabia, the government relies on 3D printing technology in various manufacturing and construction applications. In March 2024, Saudi Arabia unveiled the world's first-ever mosque crafted through revolutionary 3D printing technology in Jeddah. Thus, the flourishing field of 3D printing fuels the KSA industrial design software market.
Saudi Arabia focuses on setting up smart factories to boost production units, enhance workflows, and produce quality products in less time. These factories support digitalized production process monitoring, efficient supply chain management, and automated machine operations. Riyadh is at the core of the Middle East's largest manufacturing sector operational in Saudi Arabia, with ongoing investments totaling over US$ 1 trillion under Saudi Vision 2030. The KSA invested US$ 26 billion in smart manufacturing and technology, further driving public and private investments in the industrial sector. In October 2022, KSA launched the National Industrial Strategy (NIS) with a goal to increase the count of manufacturing facilities from 10,728 to 36,000 by 2035, in turn supporting Vision 2030's economic diversification objectives. An initiative by the Ministry of Industry and Mineral Resources to harness the potential of Industry 4.0 for the future aims to improve the competitiveness of the industrial sector in Saudi Arabia and to keep up with digital industrial developments and practices on a regional and global scale. Many factories in Riyadh are ready for this transformation. Thus, the KSA poses a high demand for various software tools required for the building and working of smart factories to develop quality products with better performance and less waste. In addition, it also helps to open up new possibilities for creative and sustainable solutions in the industry. Therefore, ongoing investments in smart factories create lucrative opportunities for the KSA industrial design market.
Key segments that contributed to the derivation of the KSA industrial design market analysis are component and end-use industry.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 611.89 Million |
| Market Size by 2031 | US$ 794.74 Million |
| Global CAGR (2023 - 2031) | 3.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The KSA industrial design market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the KSA industrial design market are listed below:
(Source: Adobe, Press Release, March 2024)
(Source: Cadence Design Systems, Inc, Press Release, February 2024)
The "KSA Industrial Design Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - KSA Industrial Design Market
The KSA industrial design market was estimated to be US$ 611.89 million in 2023 and is expected to grow at a CAGR of 3.3 % during the forecast period 2023 – 2031.
Green construction is anticipated to play a significant role in the KSA industrial design market in the coming years.
The key players holding majority shares in the KSA industrial design market are Siemens, Dassault Systèmes, Autodesk Inc., Accenture, and Adobe.
Expanding applications of 3D printing and demand for generative design are the major factors that propel the KSA industrial design market.
The KSA industrial design marketis expected to reach US$ 794.74 million by 2031.
The incremental growth expected to be recorded for the KSA industrial design market during the forecast period is US$ 182.85 million.