Industrial Design Market News, Regional Insights, Top Key Players and Segment Analysis by Forecast to 2027 | COVID-19 Effects

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Market Analysis

Market Research Future (MRFR) presumes the global industrial design market size to hit USD 61,786.7 Million at 5.85% CAGR from 2019-2025 (forecast 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.

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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.

Market Segmentation

The worldwide Industrial Design Market Growth 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.

Regional Analysis

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.

Key Players

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), and LUNAR Design (U.S.) are prominent players of the global industrial design market.

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Industrial Design Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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