Global AI Image Generator Market 2023-2030

Global AI Image Generator Market 2023-2030

Global AI Image Generator Market Size, Share & Trends Analysis Report by Type (Android and iOS), by Component (Software and Services), and by End-Users (Media & Entertainment, Healthcare, Fashion, E-commerce & Retail and Others), Forecast Period (2023-2030)

The global AI image generator market is anticipated to grow at a significant CAGR of 17.1% during the forecast period (2023-2030). The growing demand for AI image generator in media and entertainment industry is a key factor driving the growth of the global AI image generator market. With an increased use of AI in marketing and advertising such as AI-generated images quickly produce campaign visuals. The growing adoption of AI with text-to-image-based generative artificial intelligence has grown popular. These swiftly creating images from natural language texts are the key factor supporting the growth of the market globally. According to the AI Index Report 2023, in 2022, total global corporate AI investment was $189.6 billion, roughly a third lower than it was in 2021. Still, in the last decade, AI-related investment has increased thirteenfold. Hence, the market players are also focusing on introducing AI image generator solutions that to further bolster the market growth. For instance, in March 2023, NVIDIA Corp. and Getty Images Holdings, Inc. collaborated on customized text-to-image and text-to-video foundation models to spawn stunning visuals using fully licensed visual content. Users could employ the models to create a custom image or video in seconds, simply by typing in a concept.

Segmental Outlook

The global AI image generator market is segmented on the type, component, and end-users. Based on the type, the market is sub-segmented Android and iOS. Based on the component, the market is sub-segmented into software and services. Further, on the basis of end-users, the market is sub-segmented into media & entertainment, healthcare, fashion, e-commerce & retail and others. Among the components, the software sub-segment is anticipated to hold a considerable share of the market owing to the development of advancements in AI algorithms, including generative models such as generative adversarial networks (GANs) and variational auto encoders (VAEs), that heavily rely on software implementation.

The Media & Entertainment Sub-Segment is Anticipated to Hold a Considerable Share of the Global AI Image Generator Market

Among the end-users, the media & entertainment sub-segment is expected to hold a considerable share of the global AI image generator market. The segmental growth is attributed to the growing influence of several social media platforms on the global population. AI image generators can use data to identify trends and create visuals that are more likely to be successful with certain audiences. This can help ensure that visuals are engaging and relevant to viewers, which can help to increase engagement and drive results. In November 2022, PicsArt, Inc. added an AI image generator and AI writer to its suite of creative tools. As text-to-image generators are growing in popularity, it’s bringing one directly into its platform. As with other models, PicsArt, Inc .AI Image Generator allows one to create images simply by entering a word, phrase or paragraph. The AI image generator is available in the Picsart platform on iOS. Such developments are further contributing to the growth of this market segment.

Regional Outlook

The global AI image generator market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to an increase in users to create stunning and unique digital artworks. The Key market player includes Google Inc., Microsoft Corp., Inc., Adobe Inc., Runway AI, Inc. and others.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global AI Image Generator Market

Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the presence of major technology companies, research institutions, and start-ups focused on AI development driving innovation and adoption of AI image generator technology. The region has a mature e-commerce industry that fuels the demand for advanced visual experiences and personalized product recommendations. Additionally, industries such as media and entertainment, gaming, and advertising extensively utilize AI image-generator technology in Asia-Pacific. AI image generators are revolutionizing the e-commerce industry by enhancing the visual experience, improving product visualization, and increasing customer engagement. AI image generators enable virtual try-on experiences for fashion and accessories.

Countries like China, Japan, South Korea, and India are leading the adoption of AI technologies. E-commerce giants in the region are integrating AI image generators to enhance the visual experience, improve product discovery, and increase customer engagement. The gaming industry in the Asia Pacific region is also utilizing AI image generators for character and global design.

Market Players Outlook

The major companies serving the AI Image Generator market include Google Inc., Microsoft Corp., Inc., Amazon.com, Inc., Apple Inc., Adobe Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2022, Shutterstock, Inc. expanded its partnership with OpenAI, an artificial research laboratory, to incorporate its text-to-image AI model Dall-E-2 directly into the online stock photography platform.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global AI image generator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.