Artificial intelligence (AI) image generators refer to a type of software or system that uses advanced machine learning algorithms, specifically artificial neural networks, to create images from scratch based on textual input provided in natural language. AI image generators offer numerous benefits to content creators, marketers, and other creatives, including higher productivity, unique images, greater control over design, and high-quality output.
The AI image generator market size has grown rapidly in recent years. It will grow from $0.31 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 18%. The growth in the historic period can be attributed to rising development in AI technology, increasing supportive initiatives by the government, growing acceptance of AI-powered virtual assistants, rising versatility of AI-generated images, integration of AI image generators into Android and ios.
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Segmentation & Regional Insights
The artificial intelligence (ai) image generator market covered in this report is segmented –
1) By Component: Software, Services
2) By Technology Type: Natural Language Processing (NLP), Computer Vision, Audio Generation, Mixed Media Generation
3) By Application: Personal, Enterprise
4) By End-user: Advertising, Healthcare, Gaming, Fashion, E-commerce, Other End Users
North America was the largest region in the AI image generator market in 2023. The regions covered in the artificial intelligence (ai) image generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for visual and performing arts is expected to propel the growth of the artificial intelligence (AI) image generator market going forward. Visual and performing arts encompass a wide range of creative disciplines that involve the creation of works intended to be appreciated primarily for their visual or aesthetic qualities or performed live for an audience. AI image generators can provide artists with new sources of inspiration by generating novel and unexpected visual concepts that they can use as starting points for their work. For instance, according to the National Center for Science and Engineering Statistics, a US-based principal statistical agency, R&D expenditures in visual and performing arts increased to $225 million in FY 2022 from $178 million in 2021. Therefore, increasing demand for visual and performing arts is driving the growth of the artificial intelligence (AI) image generator market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) image generator market report are Google LLC, Samsung Group, Microsoft Corporation, The International Business Machines Corporation, Nvidia Corporation, Adobe Inc., Craiyon LLC, Midjourney, OpenAI, Stability AI, Jasper.ai, Anthropic PBC, Alphr Technology Limited, Runway AI Inc., CodeSandbox B.V., DeepAI, Panabee LLC., WOMBO Dream, Hotpot, Pixray, Neuroflash, Hypotenuse AI, AISEO AI, StarryAI
The artificial intelligence (ai) image generator market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Image Generator Market Characteristics
3. Artificial Intelligence (AI) Image Generator Market Trends And Strategies
4. Artificial Intelligence (AI) Image Generator Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Image Generator Market Size and Growth
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32. Global Artificial Intelligence (AI) Image Generator Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Image Generator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Image Generator Market
35. Artificial Intelligence (AI) Image Generator Market Future Outlook and Potential Analysis
36. Appendix
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