The AI Image Generator Market is projected to grow from USD 0.42 billion in 2024 to USD 1.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.00% during the forecast period (2024 - 2032). Additionally, the market size for AI image generator was valued at USD 0.35 billion in 2023.
Figure 1: AI Image Generator Market Size, 2023-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for AI Image Generator is being driven by the progress made in deep learning. An Al image generator is an Artificial Intelligence (Al)-powered technology capable of autonomously generating visual content such as artworks and images. DEEP neural network-based machine learning algorithms, which have been trained on extensive collections of pre-existing images, are utilized. Neural networks acquire knowledge of the characteristics, styles, and patterns of the images through the process of training.
Additionally, AI image generators now produce images with superior quality, resolution, and variety as a result of the significant improvements in capability brought about by deep learning techniques, specifically generative models like GANs and VAEs. CNNs generate genuine images with intricate textures and features, whereas GANs merely produce realistic, high-resolution images. Such models are useful in a variety of domains due to their ability to discover intricate patterns in massive datasets and to represent a vast array of visual characteristics. By allowing users to intervene in the image creation process based on specific input factors, conditional GANs, and style transfer enable the generation of more individualized visualizations.
Demand for high-quality visual content has increased in tandem with the expansion of online entertainment platforms, social networking, e-commerce, and digital marketing. Artificial intelligence (AI) image generators empower organizations and content providers to efficiently generate customized images, graphics, and artwork, thereby satisfying the need for visually captivating and compelling content. Adobe FireFly generates high-quality outcomes, including appealing graphics, text effects, and new color palettes, in response to straightforward text commands and generative AI. Rapidly investigate a greater number of potentialities while generating entirely new content using reference images. It includes text-to-image, generative fill, and 3D-to-image capabilities, among many others. For instance, Eurostat reports that 59% of EU businesses utilized at least one of these social media platforms in 2021, a 22-percentage-point increase from 2015. Varying substantially from nation to nation, the percentages range from or exceeding 80% in Malta (84%), Sweden (80%), and the Netherlands (80%) to Bulgaria (39%) and Romania (36%). Moreover, 84% of young individuals in the EU utilized the internet to access social media networks in 2022. Thus, driving the AI Image Generator market revenue.
The AI Image Generator Market segmentation, based on Component, includes Software and Services. In 2023, the software segment dominated the market. The generated images can be modified and personalized through the use of functionalities integrated into the AI image generator software. Photographs that are in accordance with the needs and inclinations of individuals are possible by modifying a multitude of parameters, patterns, and attributes. Enhanced user engagement and more personalized visual outputs are outcomes of this customization feature.
Figure 2: AI Image Generator Market, by Distribution channel, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The AI Image Generator Market segmentation, based on End-user, includes Media & Entertainment, Healthcare, Fashion, Social Media, E-commerce, and Others. In 2023, the media & entertainment category generated the most income. The media and entertainment sector is progressively adopting AI image generators to improve a multitude of facets of content generation, production, and distribution. Computer-generated imagery (CGI) elements, including virtual environments, creatures, and simulations, can be produced by them in a visually spectacular and lifelike manner.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American AI Image Generator market area will dominate this market. The e-commerce sector in the region is well-established, contributing to the increased need for sophisticated visual experiences and tailored product suggestions.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.
Figure 3: AI Image Generator Market Share By Region 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe AI Image Generator market accounts for the second-largest market share. Investigations into the generation of cross-domain and multi-modal images in the area have resulted from developments in these generators. Further, the German AI Image Generator market held the largest market share, and the UK AI Image Generator market was the fastest growing market in the European region.
The Asia-Pacific AI Image Generator Market is expected to grow at the fastest CAGR from 2024 to 2032. Regional e-commerce titans are incorporating AI image generators to increase consumer engagement, product discovery, and the visual experience. Moreover, China’s AI Image Generator market held the largest market share, and the Indian AI Image Generator market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the AI Image Generator market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, AI Image Generator industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global AI Image Generator industry to benefit clients and increase the market sector. In recent years, the AI Image Generator industry has offered some of the most significant advantages to medicine. Major players in the AI Image Generator market, including AISEO, Box 20 LLC, Craiyon LLC., CodeSandbox B.V., DeepAI, Jasper.ai, NightCafe Studio, Panabee, LLC., Runway AI, Inc., Starryai., and others, are attempting to increase market demand by investing in research and development operations.
Robert Atkins formed Atkins Nutritionals, Inc. to promote the Atkins diet's low-carbohydrate packaged meals. It is now a subsidiary of The Simply Good Foods Company. Low-carbohydrate bars, shakes, and snacks are available from the company. Atkins Nutritionals, Inc. was formed in 1989 as Complementary Formulations. In 1998, the company was renamed Atkins Nutritionals. It was created to enhance the Atkins diet. Atkins created the plan after reading a research paper in the Journal of the American Medical Association. Alfred W. Pennington published the paper "Weight Reduction" in 1958. Atkins used the study's findings to help him overcome his own obesity. In May 2019, A partnership agreement between Atkins and CHEF'D was signed. Our collaboration sought to create a low-carb meal solution for consumers concerned about their health and lifestyle.
Art supply manufacturer and retailer Crayola LLC, formerly the Binney & Smith Company, is based in the United States. The crayons produced under the Crayola trademark are particularly well-known. In the Lehigh Valley region of Pennsylvania, the organization's main office is situated in Forks Township. Crayola has been a subsidiary of Hallmark Cards, which has owned the entire undertaking since 1984. In August 2023, Crayola established a studio division to create content for children and families. Victoria Lozano, the executive vice president of marketing for Crayola, will supervise the division.
September 2023: OpenAl, an organization that specializes in the generative Al sector, has released the most recent iteration of its image generator, DALL-E 3. This enhancement, which is driven by the ChatGPT controller, integrates ethical safeguards and generates high-quality images in response to natural-language queries.
May 2023: Stability Al unveiled StableStudio, an open-source iteration of its text-to-image conversion application, DreamStudio Al. The technology was made accessible and usable by developers and creators through this open-source release, facilitating the creation of a diverse array of text-to-image generation applications.
April 2023: Stable Diffusion-powered VanceAl Art Generator, an Al text-to-image generator, was introduced by VanceAl. Using textual descriptions as input, this application could produce artworks that are in accordance with them. Individuals had the ability to manipulate dimensions, composite image compositions, styles, and artists' names.
AI Image Generator Component Outlook
AI Image Generator End-user Outlook
AI Image Generator Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.35 Billion |
| Market Size 2024 | USD 0.42 Billion |
| Market Size 2032 | USD 1.32 Billion |
| Compound Annual Growth Rate (CAGR) | 18.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, End-user, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea |
| Key Companies Profiled | Â AISEO, Box 20 LLC, Craiyon LLC., CodeSandbox B.V., DeepAI, Jasper.ai, NightCafe Studio, Panabee, LLC., Runway AI, Inc., and Starryai |
| Key Market Opportunities | ·        Ongoing investigations and advancements in Al technology |
| Key Market Dynamics | ·        The growing dependence on visual content in digital marketing and social media |
Frequently Asked Questions (FAQ) :
In 2023, the global market for AI image generators was valued at USD 0.35 billion.
The worldwide market is anticipated to expand at a compound annual growth rate (CAGR) of 18.00% from 2024 to 2032.
North America dominated the worldwide market in terms of market share.
AISEO, Box 20 LLC, Craiyon LLC, CodeSandbox B.V., and DeepAI are the market leaders.
In 2023, the software sector dominated the market.
The Media & Entertainment sector held the most market share worldwide.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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