KSA Industrial Design Market Segments and Growth by 2031

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

KSA Industrial Design Market

• Market Size 2023
  US$ 611.89 Million
• Market Size 2031
  US$ 794.74 Million

Market Dynamics

GROWTH DRIVERS

• Expanding Applications of 3D Printing
• Demand for Generative Design

FUTURE TRENDS

• Green Construction

OPPORTUNITIES

• Investments in Smart Factories
• Diversification of Economy

Regional Overview

• North America

Market Segmentation

Component

• Software and Services

End User

• Oil and Gas
• Construction
• Healthcare
• Automotive
• Consumer Electronics
• Aerospace

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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