Artificial Intelligence (AI) Image Generator Global Market Report 2024

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 observed during the historic period can be attributed to several factors. Firstly, there has been a significant advancement in AI technology, driving innovation and adoption across various sectors. Additionally, government initiatives aimed at fostering AI development have played a crucial role in stimulating growth. Moreover, the increasing acceptance of AI-powered virtual assistants has contributed to the expansion of the market. Furthermore, the growing versatility of AI-generated images and their integration into popular platforms such as Android and iOS have further fueled market growth.

The AI image generator market size is expected to see rapid growth in the next few years. It will grow to $0.71 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The projected growth in the forecast period can be attributed to several key factors, including the heightened demand for visual content, the integration of AI image generation with augmented reality (AR) and virtual reality (VR) technologies, the expansion of e-commerce and online shopping platforms, the increasing adoption of digital transformation strategies across industries, the growing importance of visual content in social media platforms, and digital marketing campaigns. Major trends anticipated in the forecast period encompass advancements such as high-resolution image generation capabilities, text-to-image synthesis techniques, style transfer and image manipulation functionalities, interactive and real-time image generation capabilities, and conditional image generation methods.

The artificial intelligence (AI) image generator market is poised for growth, driven by the increasing demand for visual and performing arts. Visual and performing arts encompass diverse creative disciplines aimed at delivering aesthetic experiences or live performances to audiences. AI image generators play a pivotal role in providing artists with fresh sources of inspiration by generating innovative visual concepts. For example, research and development expenditures in visual and performing arts surged from $178 million in 2021 to $225 million in FY 2022, as reported by the National Center for Science and Engineering Statistics. This uptrend underscores the rising significance of AI-driven solutions in meeting the demands of the artistic community and fueling market expansion.

Innovative strides within the artificial intelligence (AI) image generator market are being led by major industry players, exemplified by the development of groundbreaking products such as DALL-E 3. DALL-E 3 represents a transformative advancement leveraging deep learning techniques to generate digital images based on natural language descriptions. For instance, in October 2023, OpenAI introduced DALL-E 3, the latest iteration of its text-to-image model. This iteration showcases notable improvements in comprehending and translating textual prompts into intricate visual outputs with enhanced detail and accuracy. DALL-E 3 marks a significant milestone in AI-driven image generation, offering enhanced capabilities and a seamless user experience to drive innovation across various industries and creative endeavors.

In July 2023, Databricks, a prominent US-based software company offering a unified platform for data, analytics, and AI solutions, completed the acquisition of MosaicML for an undisclosed sum. This strategic move is geared towards equipping enterprise clients with enhanced capabilities to develop Large Language Models (LLMs) in a more secure and cost-effective manner, along with generative AI models, including LLMs leveraging proprietary data. MosaicML, a leading generative AI platform based in the United States, specializes in providing AI image generation solutions, thereby complementing Databricks' offerings and bolstering its position in the AI landscape.

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.

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. The countries covered in the artificial intelligence (ai) image generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

AI image generators utilize advanced machine learning algorithms, particularly artificial neural networks, to produce images from textual input provided in natural language. These tools provide significant advantages to content creators, marketers, and creatives, including increased productivity, the creation of unique images, enhanced design control, and the delivery of high-quality outputs.

The primary components of AI image generators include software and services. AI image generator software encompasses computer programs or applications that leverage artificial intelligence algorithms, specifically deep learning techniques, to generate images. These technologies utilize various methods such as natural language processing (NLP), computer vision, audio generation, and mixed media generation to cater to both personal and enterprise applications across sectors such as advertising, healthcare, gaming, fashion, e-commerce, and beyond.

The artificial intelligence (AI) image generator market research report is one of a series of new reports that provides artificial intelligence (AI) image generator market statistics, including artificial intelligence (AI) image generator industry global market size, regional shares, competitors with a artificial intelligence (AI) image generator market share, detailed artificial intelligence (AI) image generator market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) image generator industry. This artificial intelligence (AI) image generator 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.

The AI image generator market includes revenues earned by entities by providing services such as generative adversarial networks, image-to-image translation, super-resolution services and image editing automation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The AI image generator market also includes sales of graphics processing units (GPUs), tensor processing units (TPUs), and central processing units (CPUs). 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.


This product will be delivered within 3-5 business days.