What Has Been the Progress and Growth of the Generative AI In Design Market in Recent Years?
The generative ai in design market has seen considerable growth due to a variety of factors.
• The market size of generative AI in design has been expanding dramatically in the past few years. Its value is expected to escalate from $0.81 billion in 2024 to $1.11 billion in 2025, showing a compound annual growth rate (CAGR) of 38.0%.
The growth experienced in the historical period can be tied to factors such as the presence of vast datasets, heightened awareness and uptake, ethical and responsible AI conduct, educational initiatives and resources, and the emergence of imaginative AI platforms.
How Does the Forecast Look for the Generative AI In Design Market?
The generative ai in design market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the generative AI in design market as it's predicted to experience a surge of growth in the coming years. The market value is estimated to reach $4.01 billion by 2029, with a compound annual growth rate (CAGR) of 37.7%.
This projected growth within the forecast period can be linked to several factors such as advancements in education and skill development, the capacity for real-time design creation, emphasis on sustainable and green design, artificial intelligence powered customisation, and the use of explainable AI in design. Key trends during the forecasted period include the incorporation of generative AI into design tools, the appearance of specialized applications and services, the use of generative AI in digital twin technology, automation in design enabled by AI, and enhanced creativity.
What Are The Leading Drivers Of Growth In The Generative AI In Design Market?
The escalating implementation of AI applications is predicted to stimulate the expansion of the generative AI in design market in the future. Artificial intelligence is the capability of a computer or a computer-controlled robot to carry out duties usually associated with human intellectual functions. The integration of AI applications continues to rise due to the growing intricacy of tasks combined with progress in AI technology. The employment of generative AI in design uses AI algorithms to individually generate unprecedented designs, simplifying artistic procedures and encouraging creativity in several fields like architecture, fashion, and product design. These applications facilitate swift prototyping, customization, and scrutiny of immense design potentialities, transforming age-old design workflows. Case in point, as per a report released by the United States Census Bureau, a US-based regulatory body, in November 2023, the integration of artificial intelligence by the construction industry stood at 1.2%, and was penned to rise to 2% in the forthcoming 6 months. Thus, the snowballing implementation of AI applications is propelling the expansion of the generative AI in design market.
How Are The Segments Defined Within The Global Generative AI In Design Market?
The generative AI in design market covered in this report is segmented –
1) By Deployment: On-Premise, Cloud
2) By Application: Product Design, Graphic Design, Interior Design, Fashion Design, Architecture
3) By End-Users: Large Enterprises, Small And Medium-Sized Enterprises (SMEs), Individual Users
Subsegments:
1) By On-Premise: Self-Hosted Design Solutions, On-Premise AI Design Software, Secure, Localized Design Processing
2) By Cloud: Saas-Based Design Platforms, Cloud-Hosted Generative AI Tools, Scalable Cloud Infrastructure For Design
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What Trends Are Shaping The Generative AI In Design Market?
Prominent firms in the generative AI in design sector are concentrating on enhancing and refining their generative AI skills with superior tech features like auto-clustering, Python, and R coding capabilities, among others, to increase their market earnings. This kind of AI empowers designers to take advantage of intricate data assessments, machine learning, and statistical procedures to generate original and efficient design solutions customized to particular user needs and design objectives. For instance, Altair Engineering Inc., a tech firm based in the US, upgraded its data analytics and AI software, Altair RapidMiner, in November 2023 to offer substantial next-gen generative AI features. The update encompasses several aspects, including auto-clustering, extended SAS, Python, and R coding functionalities, and more, all aimed at boosting the platform's capacity. It now offers an enhanced range of data visualization elements, new layout templates and tools, and improved style choices, making the process of creating, sharing, and using dashboards easier. These improvements minimize setup time for designers, enabling them to focus more on creating visually pleasing and user-friendly dashboards.
Who Are the Key Players In The Generative AI In Design Market?
Major companies operating in the generative AI in design market report are:
• Alphabet Inc.
• Microsoft Corporation
• Siemens AG
• NVIDIA Corporation
• Adobe Inc.
• Dassault Systèmes SE
• Autodesk Inc.
• Trimble Inc.
• Ansys Inc.
• PTC Inc.
• Bentley Systems Incorporated
• Anthropic AI
• Altair Engineering Inc.
• DeepMind Technologies Limited
• OpenAI Inc.
• Jasper Technologies Inc
• Corel Corporation
• Hugging Face Inc.
• Chaos Group
• Vectorworks Inc.
• AI21 Labs
• Onshape Inc.
• Stability AI LLC
• Midjourney Inc.
What Is The Most Dominant Region In The Generative AI In Design Market?
North America was the largest region in the generative AI in design market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI in design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
