AI-Powered Design Tools Market Definition And Segments
AI-powered design tools refer to software applications or platforms that utilize artificial intelligence (AI) algorithms and machine learning techniques to assist designers in various aspects of the design process by streamlining the design process, empowering designers with advanced capabilities, and ultimately enhancing the quality and efficiency of design outputs. These tools automate repetitive tasks, generate design suggestions, analyze data to inform design decisions, and even learn from user interactions to improve their functionality over time.
The main types of AI-powered design tools are 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, and others. Graphic design tools are software programs that help users create visual content like posters, logos, and illustrations. It introduces various technologies, such as machine learning, natural language processing, and generative AI, and is used in a variety of applications, including automotive and transportation, media and entertainment, education and research, fashion and apparel, architecture and construction, e-commerce and retail, and others.
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
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.
Digital Channels Driving AI-Powered Design Tools Market
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.
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
Revolutionizing Web Development Introducing An AI-Powered Design-to-Code Tool
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.
Adobe Inc. Acquires Rephrase.ai To Boost Video Creation Capabilities
In November 2023, Adobe Inc., a US-based software company, acquired Rephrase.ai for an undisclosed amount. With this acquisition, Adobe aims to enhance its video creation capabilities and offer a text-to-video generation platform that simplifies video creation and helps users produce professional-looking videos, showcasing a commitment to technological innovation. Rephrase.ai is an Indian-based developer of AI-based video creation technology, which includes AI-powered design tools and services.
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.
The countries 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.
The AI-powered design tools market consists of revenues earned by entities by providing services such as generative design platforms, prototyping and wiring tools, personalization and customization tools, automated design generation, user experience (UX) optimization, and workflow automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI-powered design tools market also includes sales of graphic design software, feedback analysis tools, design asset management, recommendation engines, automation scripts, and machine learning algorithms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The AI-powered design tools market research report is one of a series of new reports from The Business Research Company that provides AI-powered design tools market statistics, including AI-powered design tools industry global market size, regional shares, competitors with a AI-powered design tools market share, detailed AI-powered design tools market segments, market trends and opportunities, and any further data you may need to thrive in the AI-powered design tools industry. This AI-powered design tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.