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Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Industrial Design Market information by Type, by Application and Region – forecast to 2032” market size to reach USD 68.459 billion at 5.2% CAGR from 2022-2032.
Key Players:
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Scope of the Report – Industrial Design Market:
|
Report Metrics |
Details |
|
Market Size by 2032 |
USD 68.459 Billion |
|
CAGR during 2022-2032 |
5.2% |
|
Base Year |
2021 |
|
Forecast |
2022-2032 |
Market Segmentation:
The global industrial design market has been segmented into type and application.
By type, the global industrial design market has been segmented into product design, user interface and interaction design, model design and fabrication, and other industrial designs.
By application, the global industrial design market has been segmented into transportation, electronic, household, machinery & equipment, others.
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Regional Analysis
Leading the Global Market: APAC’s Dominance
The Asia-Pacific (APAC) region is poised to take the reins in the global industrial design market, propelled by substantial investments from major players in China, South Korea, Japan, and India. The infusion of capital, coupled with the widespread adoption of IoT solutions by prominent industrialists, creates a fertile ground for accelerated growth in the market. The expansive manufacturing sector, coupled with government initiatives capitalizing on the abundant labor force, is expected to further fuel market demand. As the forecast period concludes, the APAC regional market is anticipated to reach a valuation of USD 24,264.3 million.
Europe’s Pursuit in the Global Landscape
Following closely behind APAC, Europe is projected to play a pivotal role in the global industrial design industry. The implementation of intellectual property rules within the European Union, specifically designed to safeguard patented industrial designs of products and components, is a driving force behind the region’s anticipated contribution. Stringent regulations prohibiting third-party usage of patented designs and the exploitation of their success may attract investments from industry players. However, potential hindrances lie in the form of ambiguities within key aspects of the law, potentially impeding the expansion of the regional market.
Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Industrial Design Market– https://www.marketresearchfuture.com/reports/industrial-design-market-6936
Industry News
Exploring Future Solutions in Collaboration with HARMAN, Iptor Ventures into Cloud Solutions
In a strategic collaboration, Iptor has joined forces with HARMAN to delve into future solutions, specifically focusing on providing advanced cloud solutions for clients operating in the publishing, pharmaceutical, and distribution sectors. The rising demand for industrial design is anticipated to be fueled by progressive advancements, including social collaboration, process automation, robotic support, and the integration of Industry 4.0 principles.
LG Unveils Cutting-Edge Industrial Design with the LG Wing G5 Smartphone
LG introduces its latest smartphone, the LG Wing G5, showcasing a robust implementation of industrial design principles. This innovative device seamlessly incorporates cutting-edge technologies and boasts compatibility with wireless communication technologies. Notably, the smartphone features two display screens, with one having the ability to swivel horizontally, facilitated by hydraulic dampers.
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