Trend: The Engineering Software Market is growing at a rapid rate. The current size is estimated to be at $55 billion, and it is expected to grow to $84 billion by 2028. However, there is tremendous room for AI solutions within the market. Any product that can ensure a significant cutting on costs by implementing the AI will be a sure bet.
Investors' Bets: Engineering tools struggle to keep up with the increasing complexity of modern products. Product development tends to go through a multi-year process with a high degree of manual control. But platforms like Generative Engineering ($4.4M) are revolutionizing this process. The platform allows engineers to create and test thousands of projects efficiently and address many challenges ranging from individual component design to system integration.
To-Do: Designing physical objects is one of generative AI's biggest and most lucrative applications. Why donβt you consider exploring this niche, as for some reason there are not so many projects so far.
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