// ROBOTICS AND SMART FACTORIES TERM
Product Design
Product design is the entire process of creating a new product, from initial concept and user research to detailed specifications and aesthetic considerations.
TECHNICAL DEFINITION
Product design is the comprehensive iterative process of conceiving, developing, and specifying a new product, encompassing user research, ideation, prototyping, aesthetic considerations, functionality, and manufacturability to meet market needs and user experience objectives.
BACKGROUND
The Fourth Industrial Revolution, also known as 4IR, Industry 4.0 or the Intelligence Age, is a neologism describing rapid technological advancement in the 21st century. It follows the Third Industrial Revolution. The term was popularized in 2016 by Klaus Schwab, the World Economic Forum founder and former executive chairman, who asserts that these developments represent a significant shift in industrial capitalism.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Industrial design
- product development
- design engineering
- user experience design
- UX design
USAGE NOTE
Good product design balances aesthetics, functionality, and cost-effectiveness for market success.
DEVELOPERS
Organizations developing technology related to Product Design.
Developer of CAD, CAM, and CAE software like Fusion 360 and Inventor. Their platforms integrate design, engineering, and manufacturing with a focus on cloud collaboration and generative design to create optimized products.
Creator of SOLIDWORKS, CATIA, and the 3DEXPERIENCE platform. They provide a comprehensive virtual environment for collaborative product design, simulation, and manufacturing, enabling the creation of 'virtual twin experiences' of products.
Offers the Xcelerator portfolio, including NX software for product design and Teamcenter for PLM. They focus on creating comprehensive digital twins that connect design, simulation, and manufacturing data throughout the product lifecycle.
Develops product design software like Creo and the Windchill PLM platform. PTC integrates CAD with IoT and augmented reality (Vuforia) to enhance design reviews and user interaction, embodying Industry 5.0 principles.
A leading provider of multiphysics engineering simulation software. Their tools allow designers to virtually test and validate product designs for performance, reliability, and safety early in the development cycle, reducing the need for physical prototypes.
Provides a cloud-native product development platform that combines CAD, data management, and real-time collaboration tools. It enables distributed design and manufacturing teams to work on complex assemblies simultaneously from any device.
Specializes in next-generation engineering design software for advanced manufacturing. Their platform enables engineers to create highly complex and optimized parts using generative design, topology optimization, and advanced latticing, particularly for additive manufacturing.
Develops software for simulation, high-performance computing, and AI. Their tools, like Altair Inspire, are widely used for topology optimization and generative design to create lightweight, high-performance, and manufacturable products.