AI-Powered Design Tools Global Market Report 2024

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 observed during the historic period can be attributed to several factors, including the increased adoption of automation in design processes, a growing emphasis on user experience (UX) and user interface (UI) design, rising demand for personalization in design solutions, the focus on accessibility and democratization of design tools, and the rise of e-commerce platforms driving the need for visually appealing digital content.

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 anticipated growth in the forecast period can be attributed to increased adoption of AI-powered design tools across various industries, driven by factors such as the rise of generative design, growing demand for personalized design solutions, and the need for rapid prototyping and iterative design processes. Key trends expected during this period include the widespread adoption of cloud-based solutions for enhanced accessibility and collaboration, integration of AI-powered design tools with augmented reality (AR) and virtual reality (VR) technologies for immersive experiences, the synergy between AI and human creativity in design workflows, and the utilization of natural language processing (NLP) to streamline design processes.

The AI-powered design tools market is poised for growth driven by the increasing prominence of digital channels. Digital channels encompass online platforms such as social media and e-commerce, facilitating communication, marketing, and content distribution. This trend is fueled by factors such as expanded Internet accessibility, personalization, integration, and cost-effectiveness. AI-powered design tools play a pivotal role in digital channels, harnessing artificial intelligence and machine learning to streamline design processes, boost creativity, and enhance efficiency. According to the United States Census Bureau, e-commerce sales reached an estimated $1.11 trillion in 2023, demonstrating a 7.6% increase from the previous year. Additionally, Avocado Social reported a significant rise in global social media user numbers, exceeding 4.6 billion in 2021. These statistics underscore the impact of digital channels on driving the demand for AI-powered design tools.

Key players in the AI-powered design tools market are focused on innovation to meet customer demands and maintain competitiveness. Locofy Lightning, for instance, is a cutting-edge software application leveraging AI and machine learning algorithms to automate the conversion of design mockups into functional code for web development. Launched by Locofy.ai in January 2024, this tool simplifies frontend development by generating high-quality HTML, CSS, and JavaScript code from Figma designs. Featuring one-click conversion, pre-trained AI models, and design optimization capabilities, Locofy Lightning streamlines the development process, allowing developers to focus on strategic aspects of web development.

In November 2023, in a strategic move to bolster its video creation capabilities, Adobe Inc. acquired Rephrase.ai. This undisclosed acquisition aims to enhance Adobe's offerings with Rephrase.ai's text-to-video generation platform, showcasing Adobe's commitment to technological advancement. Rephrase.ai, an Indian-based developer specializing in AI-based video creation technology, strengthens Adobe's position in the market, enabling users to produce professional-looking videos efficiently. This acquisition reflects Adobe's dedication to innovation and meeting the evolving needs of its users in the digital landscape.

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.

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.

AI-powered design tools are software applications or platforms that harness artificial intelligence (AI) algorithms and machine learning techniques to aid designers across different stages of the design process. By automating repetitive tasks, providing design suggestions, analyzing data to inform decisions, and learning from user interactions, these tools streamline design workflows, equip designers with advanced capabilities, and ultimately enhance the quality and efficiency of design outputs.

The main types of AI-powered design tools encompass 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 other specialized applications. Graphic design tools enable users to create visual content such as posters, logos, and illustrations. These tools leverage technologies such as machine learning, natural language processing, and generative AI. They find applications across various industries including automotive and transportation, media and entertainment, education and research, fashion and apparel, architecture and construction, e-commerce and retail, among others.

The AI-powered design tools market research report is one of a series of new reports 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.

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.


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