Artificial Intelligence (AI) in Interior Design Market Report 2024

This Artificial Intelligence (AI) In Interior Design market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The artificial intelligence (AI) in interior design market size has grown exponentially in recent years. It will grow from $0.86 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 26.8%. The growth during the historic period can be attributed to several factors, including increased demand for personalized designs, advancements in AI technology, a rise in home renovations and remodeling, growth in e-commerce for home furnishing, reduced costs of AI implementation, enhanced user experiences through AI, and the integration of AR/VR technologies.

The artificial intelligence (AI) in the interior design market size is expected to see exponential growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 27%. The anticipated growth during the forecast period can be attributed to several factors, including increasing adoption of smart home technologies, advancements in generative AI, expansion of AI applications in consumer design, demand for sustainable design solutions, a greater focus on data-driven design, the emergence of AI-powered design platforms, and rising consumer expectations for interactive design. Major trends expected during this period include the integration of AI with IoT, development of advanced generative design tools, enhanced real-time design feedback, personalized design experiences, growth in AI-driven virtual and augmented reality, focus on AI-enhanced collaboration, and advancements in AI for sustainable design.

The growing demand for smart homes is set to drive the expansion of artificial intelligence (AI) in the interior design market. Smart homes are residences equipped with interconnected devices and systems that offer remote control and automation for enhanced convenience, comfort, energy efficiency, and security. The surge in smart home adoption is fueled by the availability of affordable smart devices, increased awareness of energy efficiency, and the benefits of improved home security. AI in smart home technology enhances and personalizes living environments by automating systems, optimizing energy use, and ensuring greater comfort and security.

For example, a November 2022 report by techUK indicated that 77% of UK adults were expected to own at least one connected home device in 2022, up from 67% before the pandemic, reflecting a 1% increase from 2021. Additionally, the percentage of 'advanced adopters' with more than three connected devices rose to 26% in 2022 from 24% in 2021. This rising demand for smart homes is thus driving the integration of AI into the interior design market.

Leading companies in the AI interior design market are focusing on developing innovative AI solutions, such as generative AI-powered tools, to enable users to visualize and personalize their living spaces. Generative AI tools use artificial intelligence to create and visualize various design styles. For instance, in July 2023, Wayfair Inc., a US-based home goods and furniture retailer, introduced Decorify, a generative AI-powered interior design tool. This tool allows users to upload photos of their rooms and see photorealistic transformations into different decor styles, such as bohemian or mid-century modern. The AI generates realistic, shoppable images of the redesigned space, enhancing the shopping experience by enabling customers to explore and purchase decor options directly from Wayfair’s catalog.

In July 2024, Canva Pty Ltd., an Australia-based graphic design platform, acquired Leonardo AI for an undisclosed amount. This acquisition aims to expand Canva's visual AI toolset and improve its competitive position in the creative design market. Canva plans to integrate Leonardo AI's advanced generative AI technology, including its Phoenix model, to offer users enhanced design capabilities. Leonardo AI, an Australian company, that specializes in generative AI technology for creating and visualizing art and images, including applications in interior design.

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.

North America was the largest region in the artificial intelligence (AI) in interior design market in 2023. 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.

Artificial intelligence (AI) in interior design involves integrating AI technologies to enhance various aspects of the design process. These technologies help designers create more efficient and personalized spaces using advanced tools for tasks such as space planning, material selection, and virtual visualization.

The main components of AI in interior design include solutions and services. Solutions encompass software tools and platforms that leverage AI to assist with design tasks. Applications of AI in this field include space planning and design, furniture and décor selection, virtual reality (VR) and augmented reality (AR) visualization, and material selection and optimization. These solutions serve a range of end users, including interior design firms, architects, real estate developers, furniture manufacturers, and others.

The artificial intelligence (AI) in interior design market research report is one of a series of new reports that provides artificial intelligence (AI) in interior design market statistics, including artificial intelligence (AI) in interior design industry global market size, regional shares, competitors with a artificial intelligence (AI) in interior design market share, detailed artificial intelligence (AI) in interior design market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) in interior design industry. This artificial intelligence (AI) in interior design market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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

The artificial intelligence (AI) in interior design consists of revenues earned by entities by providing services such as automated space planning, material selection optimization, virtual and augmented reality visualization, personalized design recommendations, and data-driven trend analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) in interior design market also includes sales of products such as AI-powered design software, virtual reality (VR) and augmented reality (AR) devices, smart home integration systems, and advanced 3D modeling tools. 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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