Global AI Powered Design Tools Market Insights 2024, Forecast To 2033
23 Jul, 2024
The AI-powered design tools market has exhibited exponential growth, climbing from $4.54 billion in 2023 to $5.54 billion in 2024, with a CAGR of 21.9%. This surge is driven by automation adoption, UX/UI design focus, customization demands, tool accessibility, and e-commerce growth. Looking ahead, the market is poised to reach $12.34 billion by 2028, growing at a CAGR of 22.2%. Factors driving expansion include industry adoption, generative design methods, personalized solutions demand, and rapid prototyping acceleration. Trends include cloud solutions integration, AR/VR with design tools, AI harmonization with human creativity, and NLP applications in design functionalities.
Major Driver In The AI Powered Design Tools Market
The AI-powered design tools market is poised for growth due to the rise of digital channels for communication, marketing, and distribution. Increased Internet penetration and social media usage have expanded digital channels' influence, driving demand for AI-powered design tools. These tools leverage AI and machine learning to streamline design processes and enhance creativity across various digital platforms. For instance, global e-commerce sales were estimated at $1,118.7 billion by 2023, reflecting a significant increase driven by social media's expanding user base. This growth is expected to drive the AI-powered design tools market.
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Adobe Inc, Autodesk Inc, Canva Inc, Figma, Tailor Brands LLC, InVisionApp Inc, Corel Corporation, Design Pickle, Desygner Inc, Sketch Inc, Affinity Designer, BrandCrowd, Bannersnack, Crello, Looka, Design Wizard, Vecteezy, Designhill, Vectary, Snappa, PicMonkey, Lunacy, Vectr, Gravit Designer, Boxmode
Key AI Powered Design Tools Market Trend
Major companies in the AI-powered design tools market are focusing on developing innovative AI solutions such as locofy lightning to stay competitive and meet evolving customer needs. Locofy Lightning, launched by Locofy.ai, a Singapore-based tech company, in January 2024, automates converting visual design mockups or prototypes into functional HTML, CSS, and JavaScript code for web development. Available as a figma plug-in, this AI-powered web design-to-code tool streamlines frontend development by generating high-quality, pixel-perfect, interactive, responsive, and component-based code. Its features include one-click conversion, pre-trained AI models, a design optimizer, and code components and props, providing developers with an efficient experience to focus on creative and strategic aspects of web development.
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The AI-powered design tools market covered in this report is segmented –
1) By Type: Graphic Design Tools, User Experience (UX) And User Interface (UI) Design Tools, Automated Content Creation Tools, Image And Video Processing Tools, 3D Design And Modeling Tools, Automated Layout And Formatting Tools, Branding And Logo Design Tools, Other Types
2) By Technology: Machine Learning, Natural Language Processing, Generative AI
3) By Application: Automotive And Transportation, Media And Entertainment, Education And Research, Fashion And Apparel, Architecture And Construction, E-commerce And Retail, Other Application
By Geography:The regions covered in the AI-powered design tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the AI-powered design tools market in 2023.
The AI-Powered Design Tools Global Market Report 2024 furnishes information about the global AI-powered design tools market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.