Generative AI In Design Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

Overview and Scope
Generative AI in design refers to the use of artificial intelligence (AI) algorithms to automatically generate and iterate design solutions based on predefined objectives, restrictions, and parameters. Generative AI in design aims to enhance human creativity and streamline the design process by utilizing computational power to explore enormous design spaces, produce novel alternatives, and optimize design solutions.

Sizing and Forecast
The generative AI in design market size has grown exponentially in recent years. It will grow from $0.59 billion in 2023 to $0.81 billion in 2024 at a compound annual growth rate (CAGR) of 37.5%. The growth in the historic period can be attributed to the availability of large-scale datasets, increased awareness and adoption, ethical and responsible AI practices, educational programs and resources, and the rise of creative AI platforms.

The generative AI in design market size is expected to see exponential growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 37.8%. The growth in the forecast period can be attributed to education and skill development, real-time design generation, sustainability and eco-friendly design, AI-driven personalization, explainable AI in design. Major trends in the forecast period include the integration of generative AI in design tools, the emergence of niche applications and services, generative AI in digital twin technology, AI-enabled design automation, and augmented creativity.

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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

North America was the largest region in the generative AI in design market in 2023. 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.

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Major Driver Impacting Market Growth
The rising adoption of AI applications is expected to propel the growth of generative AI in design market going forward. Artificial intelligence refers to the ability of a computer or computer-controlled robot to execute tasks that are often connected to human intellectual processes. The adoption of AI applications is rising due to the increasing complexity of tasks coupled with advancements in AI technology. Generative AI in design leverages AI algorithms to autonomously produce novel designs, streamlining creative processes and fostering innovation in various industries such as architecture, fashion, and product design. These applications enable rapid prototyping, customization, and exploration of vast design possibilities, revolutionizing traditional design workflows. For instance, in November 2023, according to a report published by the United States Census Bureau, a US-based governing agency, the adoption of artificial intelligence by the construction sector was 1.2%, and it was expected to increase to 2% in the next 6 months. Therefore, the rising adoption of AI applications is driving the growth of the generative AI in design market.

Key Industry Players
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.

The generative ai in design market report table of contents includes:

1. Executive Summary

2. Generative AI In Design Market Characteristics

3. Generative AI In Design Market Trends And Strategies

4. Generative AI In Design Market – Macro Economic Scenario

5. Global Generative AI In Design Market Size and Growth
………….

32. Global Generative AI In Design Market Competitive Benchmarking

33. Global Generative AI In Design Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Generative AI In Design Market

35. Generative AI In Design Market Future Outlook and Potential Analysis

36. Appendix

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