空间设计软件行业深度研究：空间设计行业智能化发展，群核科技AI赋能云设计

Investment Rating - The report indicates a positive outlook for the space design software industry, particularly for the company Qunhe Technology, which is positioned as a leading player in the market [3][5]. Core Insights - Qunhe Technology is the largest space design software provider in China, with a market share of 22.2% in 2023, and is set to become the first publicly listed company in the space intelligence sector [3][11]. - The Chinese space design software market is rapidly growing, with a market size of 3 billion RMB in 2023 and a CAGR of 16.6% from 2019 to 2023, while the global market is projected to reach 18 billion RMB [4][18]. - The integration of AI technology and GPU hardware is driving innovation and transformation in the space design industry, enhancing automation and visualization capabilities [17][23]. Summary by Sections Qunhe Technology Overview - Qunhe Technology, established in 2011, focuses on space design and visualization, utilizing AI and GPU clusters to deliver compelling visual effects [2][11]. - The company has developed a cloud platform called Manycore, which allows users to convert creative designs into production-ready drawings [11]. Market Dynamics - The space design software market in China is expected to grow to 6.8 billion RMB by 2028, with a CAGR of 17.7% from 2023 to 2028, reflecting the increasing demand for sophisticated design solutions [18][28]. - The global space design software market is projected to grow to 36.9 billion RMB by 2028, with a CAGR of 15.4% [23][28]. Competitive Landscape - Qunhe Technology leads the domestic market, followed closely by competitors such as Autodesk and Zhongwang Software, with market shares of 21.9% and 16.4% respectively [5][29]. - The company’s flagship product, Kujiale, is designed for home decoration and is driven by AI, facilitating rapid design and customer interaction [30]. Financial Performance - In 2023, Qunhe Technology reported revenues of 664 million RMB, with a year-on-year growth of 10.5% in Q1-Q3 2024 [39]. - The company operates primarily on a subscription model, with subscription revenue accounting for 98.3% of total revenue in Q1-Q3 2024 [46]. Product Offerings - Qunhe Technology's product matrix includes Kujiale, Coohom, and the SpatialVerse platform, catering to various design needs across residential, commercial, and virtual environments [34][35]. - The company’s software solutions are designed to enhance user experience through features like real-time rendering and automated production instructions [34][36]. User Engagement - The platform boasts an average of 86.3 million monthly active users in 2024, with a strong retention rate among enterprise and individual customers [44][46]. - The company has seen a 25.5% increase in individual customer numbers in 2023, indicating a growing market for personal design solutions [20].