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.
KSA Industrial Design Market Analysis
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.
KSA Industrial Design Market Overview
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.
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KSA Industrial Design Market: Strategic Insights
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KSA Industrial Design Market Drivers and Opportunities
Expanding Applications of 3D Printing Drive KSA Industrial Design Market Growth
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.
Investments in Smart Factories to Create Opportunities in KSA Industrial Design 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.
KSA Industrial Design Market Report Segmentation Analysis
Key segments that contributed to the derivation of the KSA industrial design market analysis are component and end-use industry.
- Based on component, the market is divided into software and services. The market for services is further segmented into product development services, testing services, conceptual consultation services, graphic designing services, and others. The software segment dominated the market in 2023.
- In terms of end-use industry, the KSA industrial design market is categorized into oil & gas, construction, healthcare, automotive, consumer electronics, aerospace, and others. The oil & gas segment dominated the market in 2023.
KSA Industrial Design Market Share Analysis by Country
- The Kingdom of Saudi Arabia is the largest economy in the Middle East & Africa, and the country is renowned for its enormous oil and gas reserves. Although the kingdom's economy is primarily dependent on the oil & gas industry, the government is actively directing investments in other sectors to diversify the economy and open up new opportunities. The Saudi Vision 2030 initiative, promoting the development of the manufacturing sector, smart cities, and infrastructure projects, is anticipated to significantly fuel the KSA industrial design market. As part of this vision, the Kingdom is investing heavily in various aspects of manufacturing and construction, including industrial design, which propels the need for advanced industrial design software and services.
KSA Industrial Design Market Report Scope
KSA Industrial Design Market News and Recent Developments
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:
- Adobe launched the first integration of Firefly generative AI capabilities into Substance 3D Sampler and Stager, making 3D workflows more seamless and productive for industrial designers, game developers, and VFX professionals. This first integration of Adobe's popular family of Firefly generative AI models directly into the Substance 3D ecosystem ushers in a new era of creativity and efficiency for industrial designers, game developers, and VFX professionals, accelerating iterative and creative processes in various areas, including 3D texturing and background image generation.
(Source: Adobe, Press Release, March 2024)
- Cadence Design Systems, Inc. and Dassault Systèmes prolonged their ongoing strategic partnership by integrating the AI-driven Cadence OrCAD X and Allegro X with Dassault Systèmes' extended 3DEXPERIENCE Works portfolio for the existing and future SOLIDWORKS customers. They made this announcement at the 3DEXPERIENCE World. This move indicates a best-in-class collaboration for continuous development across PCB, 3D mechanical design, and simulation. The cloud-enabled integration offers joint customers an easy-to-use, end-to-end solution for next-generation product development, enabling an up-to-5X reduction in design turnaround time.
(Source: Cadence Design Systems, Inc, Press Release, February 2024)
KSA Industrial Design Market Report Coverage and Deliverables
The "KSA Industrial Design Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- KSA industrial design market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- KSA industrial design market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- KSA industrial design market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the KSA industrial design market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. KSA Industrial Design Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. KSA Industrial Design Market – Key Market Dynamics
5.1 KSA Industrial Design Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Expanding Applications of 3D Printing
5.2.2 Demand for Generative Design
5.3 Market Restraints
5.3.1 Cyberattacks Concerns
5.4 Market Opportunities
5.4.1 Investments in Smart Factories
5.4.2 Diversification of Economy
5.5 Trends
5.5.1 Green Construction
5.6 Impact of Drivers and Restraints:
6. KSA Industrial Design Market Analysis
6.1 KSA Industrial Design Market Revenue (US$ Million), 2021–2031
6.2 KSA Industrial Design Market Forecast and Analysis
7. KSA Industrial Design Market Analysis – by Component
7.1 Software
7.1.1 Overview
7.1.2 Software: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2.3 Product Development Services
7.2.3.1 Overview
7.2.3.2 Product Development Services: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2.4 Testing Services
7.2.4.1 Overview
7.2.4.2 Testing Services: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2.5 Conceptual Consultation Services
7.2.5.1 Overview
7.2.5.2 Conceptual Consultation Services: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2.5.3 Overview
7.2.5.4 Graphic Designing Services: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
7.2.5.5 Overview
7.2.5.6 Others: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8. KSA Industrial Design Market Analysis – by End-user
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Construction
8.2.1 Overview
8.2.2 Construction: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Consumer Electronics
8.5.1 Overview
8.5.2 Consumer Electronics: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 Aerospace: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
9. Competitive Landscape
9.1 Heat Map Analysis by Key Players
9.2 Company Positioning & Concentration
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 Product Development
11. Company Profiles
11.1 Autodesk Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Accenture Plc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Dassault Systemes SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hilti Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Adobe Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Ansys Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Siemens AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Transcend Software Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ZWSOFT CO., LTD.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Altair Engineering, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 Word Index
12.2 About The Insight Partners
List of Tables
Table 1. KSA Industrial Design Market Segmentation
Table 2. List of Vendors
Table 3. KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. KSA Industrial Design Market – Revenue and Forecast to 2031 (US$ Million) – by End-user
Table 6. Company Positioning & Concentration
Table 7. List of Abbreviation
List of Figures
Figure 1. KSA Industrial Design Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. KSA Industrial Design Market Revenue (US$ Million), 2021–2031
Figure 5. KSA Industrial Design Market Share (%) – by Component, 2023 and 2031
Figure 6. Software: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 7. Services: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. Product Development Services: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 9. Testing Services: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Conceptual Consultation Services: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. Graphic Designing Services: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 13. KSA Industrial Design Market Share (%) – by End-user, 2023 and 2031
Figure 14. Oil and Gas: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. Construction: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. Healthcare: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 17. Automotive: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Consumer Electronics: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 19. Aerospace: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. Others: KSA Industrial Design Market– Revenue and Forecast to 2031 (US$ Million)
Figure 21. Heat Map Analysis by Key Players
The List of Companies - KSA Industrial Design Market
- Autodesk Inc
- Accenture Plc
- Dassault Systemes SE
- Hilti Corp
- Adobe Inc
- Ansys Inc
- Siemens AG
- Transcend Software Inc
- ZWSOFT CO., LTD.
- Altair Engineering, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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