How Has the Artificial Intelligence AI In Interior Design Market Evolved Historically and What is its Current Size?
The artificial intelligence ai in interior design market has seen considerable growth due to a variety of factors.
• Over the recent years, the market size of artificial intelligence (AI) in interior design has experienced rapid expansion. It is projected to inflate from $1.09 billion in 2024 to $1.39 billion in 2025, marking a compound annual growth rate (CAGR) of 27.3%.
The historically observed growth can be linked to a rise in demand for personalized designs, progress in AI technology, a surge in home renovations and remodeling activities, the expansion of e-commerce in the home furnishing sector, reduction in costs related to AI implementation, an improved user experience offered by AI, and the incorporation of AR/VR technologies.
What Does Future Hold for The Artificial Intelligence AI In Interior Design Market in the Coming Years?
The artificial intelligence ai in interior design market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the industry of artificial intelligence (AI) in interior design is projected to experience significant expansion. By 2029, it is expected to reach $3.59 billion with a compound annual growth rate (CAGR) of 26.9%.
Factors contributing to this anticipated growth include expanding adoption of smart homes, advancement in generative AI, increased utilization of AI in consumer applications, higher demand for green design solutions, emphasis on data-oriented design, the emergence of AI-driven design platforms, and increased consumer demand for interactive designs. Key trends predicted for the period include the fusion of AI with IoT, the creation of sophisticated generative design instruments, improved real-time design feedback, customization of design experiences, growth in AI-powered virtual and augmented reality, a focus on AI-inspired collaboration, and strides forward in AI for eco-friendly design.
What Factors Are Driving Growth In The Artificial Intelligence AI In Interior Design Market?
The growth in artificial intelligence (AI) usage within the interior design sector is predicted to be driven, in large part, by the increasing popularity of smart homes. These homes are outfitted with devices, appliances and systems that can be remotely controlled and automated, thereby enhancing convenience, comfort, energy efficiency, and the overall quality of life. The demand for smart homes is on the rise as a result of the affordability of smart devices, increased awareness of energy efficiency, and the security advantages that come with interconnected living solutions. AI technology is used in smart home systems to augment and personalise living spaces, aid homeowners in automating systems, boost energy efficiency, and provide greater comfort and security. A recent report in November 2022 by techUK, a UK tech industry membership organisation, revealed that 77% of UK adults were expected to possess at least one connected home device in 2022, a rise from 67% pre-pandemic and a 1% increase from 2021. Additionally, the share of advanced adopters who own more than three connected home devices has increased from 24% in 2021 to 26% in 2022. Hence, the surge in smart home demand serves as a catalyst in driving the implementation of AI in the interior design field.
What Is The Segmentation Of The Global Artificial Intelligence AI In Interior Design Market?
The artificial intelligence (AI) in interior design market covered in this report is segmented –
1) By Component: Solution, Services
2) By Application: Space Planning And Design, Furniture And Decor Selection, Virtual Reality And Augmented Reality (VR Or AR) Visualization, Material Selection And Optimization, Other Applications
3) By End User: Interior Design Firms, Architects And Real-Estate Developers, Furniture Manufacturers, Other End-Users
Subsegments:
1) By Solution: AI-Powered Design Tools, Virtual Reality (VR) And Augmented Reality (AR) Integration For Interior Design, 3D Modeling And Visualization Solutions, AI-Driven Furniture Layout And Arrangement Tools, Color And Lighting Recommendation Systems, Smart Home Integration Solutions For Interior Design
2) By Services: AI-Driven Interior Design Consultation Services, Customization And Personalization Services using AI, AI-Based Space Planning And Optimization Services, Virtual Interior Design Assistance Services, AI Integration And Implementation Services, Ongoing Maintenance And Updates For AI Design Solutions
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What Emerging Trends Are Shaping The Artificial Intelligence AI In Interior Design Market Landscape?
Leading corporations in the artificial intelligence (AI) field for the interior design sector are striving to create innovative AI solutions like generative AI-driven interior decoration utilities. These inventive tools empower consumers to both see and tailor their living areas. Using AI, they generate and illustrate contrasting design styles for residential spaces. Customers can load pictures of their areas and witness lifelike alterations in diverse decor themes. Take for example, Wayfair Inc., a company based in the U.S offering a wide range of home essentials and furniture, introduced Decorify in July 2023. It is a generative AI-empowered interior design application designed to help customers refurbish their domiciles. The unique app allows customers to load a room image and utilizes AI to modify it into diverse themes like bohemian, mid-century modern, or industrial. The AI creates lifelike, purchasable images of the renovated area, allowing customers to visualize varying decor alternatives. By allowing shoppers to explore a variety of room designs and shop directly from Wayfair's vast catalogue within the app, Decorify heightens the shopping experience.
Who Are the Key Players In The Artificial Intelligence AI In Interior Design Market?
Major companies operating in the artificial intelligence (AI) in interior design market are:
• Wayfair Inc.
• Autodesk Inc.
• Houzz Inc.
• Havenly Inc.
• Modsy Inc.
• Foyr Inc.
• Homestyler Inc.
• DesignFusion AI
• Collov Inc.
• REImagine Home Inc.
• ZMO.ai Ltd.
• Coohom Inc.
• DecorMatters Inc.
• Floorplanner.com B.V.
• Morpholio LLC
• Planner 5D Inc.
• RoomSketcher AS
• Fotor Inc.
• Room AI inc.
• RoomGPT
What Are The Regional Insights Into The Artificial Intelligence AI In Interior Design Market?
North America was the largest region in the artificial intelligence (AI) in interior design market in 2024. The regions covered in the artificial intelligence (AI) in interior design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
