Market Size –
The AI-powered design tools market size has grown exponentially in recent years. It will grow from $4.54 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to increased adoption of automation, growing emphasis on user experience (UX) and user interface (UI) design, rising demand for personalization, accessibility and democratization of design, rise of e-commerce.
The AI-powered design tools market size is expected to see exponential growth in the next few years. It will grow to $12.34 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to increased adoption across industries, rise of generative design, increased personalization demand, rapid prototyping and iterative design. Major trends in the forecast period include cloud-based solutions, integration with augmented reality (AR) and virtual reality (VR), integration of ai and human creativity, natural language processing (NLP) in design workflows.
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Scope Of AI-Powered Design Tools Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
AI-Powered Design Tools Market Overview
Market Drivers –
The rise of digital channels is expected to propel the growth of the AI-powered design tools market going forward. Digital channels include the various online platforms and mediums through which communication, marketing, and distribution of content or services occur, such as social media and e-commerce. It arises because of increased Internet penetration, personalization and targeting, cost-effectiveness, integration and synergy, and cost-effectiveness. AI-powered design tools are used in digital channels to leverage artificial intelligence and machine learning algorithms to streamline design processes, enhance creativity, and improve efficiency. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales were estimated at $1,118.7 billion by 2023, which increased by 7.6% (±1.2%) from 2022, and e-commerce total sales increased by 15.4% in 2023 from 14.7% in 2022. Furthermore, according to Avocado Social, a UK-based social media marketing consultancy, overall social media user numbers rose by 424 million in 2021, a growth rate of more than 10%, representing 4.6 billion social media users worldwide. Therefore, the rise of digital channels is driving the growth of the AI-powered design tools market.
Market Trends –
Major companies operating in the AI-powered design tools market are focusing on developing innovative AI solutions, such as locofy lightning, to stay competitive and meet the evolving needs of their customers. Locofy Lightning is a software application that utilizes artificial intelligence and machine learning algorithms to automate converting visual design mockups or prototypes into functional HTML, CSS, and JavaScript code for web development. For instance, in January 2024, Locofy.ai, a Singapore-based tech company, launched locofy lightning. This AI-powered web design-to-code tool aims to streamline the process of converting figma designs into production-ready frontend code for websites and mobile apps. This tool, available as a figma plug-in, automates frontend development by generating high-quality, pixel-perfect code that is interactive, responsive, and component-based. Additionally, it features one-click conversion, pre-trained AI models, a design optimizer, and code components and props. These features aim to provide developers a seamless and efficient experience, allowing them to focus on more creative and strategic aspects of web development while automating converting designs into code.
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
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Regional Insights –
North America was the largest region in the AI-powered design tools market in 2023. The regions covered in the AI-powered design tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the AI-powered design tools market are 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
Table of Contents
1. Executive Summary
2. AI-Powered Design Tools Market Characteristics
3. AI-Powered Design Tools Market Trends And Strategies
4. AI-Powered Design Tools Market – Macro Economic Scenario
5. Global AI-Powered Design Tools Market Size and Growth
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31. AI-Powered Design Tools Market Other Major And Innovative Companies
32. Global AI-Powered Design Tools Market Competitive Benchmarking
33. Global AI-Powered Design Tools Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI-Powered Design Tools Market
35. AI-Powered Design Tools Market Future Outlook and Potential Analysis
36.Appendix
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