AI Art Maker Market Trends and Forecast
The future of the global AI art maker market looks promising with opportunities in the personal and business markets. The global AI art maker market is expected to grow with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are increasing interest in AI-generated art for novelty & creativity, growing acceptance & recognition of AI-generated art in the art community, and rising demand for personalized & unique artworks through ai technology.
• Lucintel forecasts that on-cloud is expected to witness higher growth over the forecast period.
• Within this market, personal is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Art Maker Market
• United States: Nvidia launched AI Art Gallery, showcasing AI-generated artworks. Google Arts & Culture collaborated with artists to explore AIÄX%$%Xs creative potential. Companies aim to democratize art creation using AI.
• China: Huawei unveiled AI Art Studio for users to create digital artworks. TencentÄX%$%Xs AI Lab focuses on AI art research. Government promotes AI innovation in cultural industries for economic growth.
• United Kingdom: DeepMind developed AI algorithms for artistic style transfer. Artists and tech companies collaborate on AI-generated art exhibitions. Government supports AI research in creative sectors for cultural advancement.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Art Maker Market by Segment
The study includes a forecast for the global AI art maker market by type, application, and region.
AI Art Maker Market by Type [Value from 2018 to 2030]:
• On-Cloud
• On-Premise
AI Art Maker Market by Application [Value from 2018 to 2030]:
• Personal
• Business
• Others
AI Art Maker Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Art Maker Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI art maker companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI art maker companies profiled in this report include-
• Jasper Art
• Nightcafe
• Stable Diffusion
• Photosonic
• DALL-E 2
• MidJourney
• Fotor
• Deep Dream Generator
• Artbreeder
• Big Sleep
Recent Development in the AI Art Maker Market
• DeepMind: DeepMind collaborated with healthcare institutions to use AI-generated art for therapeutic purposes. They developed algorithms that create calming and visually appealing artworks to aid in patient recovery and well-being.
• Artomatix: Artomatix introduced AI-driven tools for artistic style transfer, allowing artists to apply various art styles to their creations automatically. This technology enhances creativity and enables artists to explore diverse visual aesthetics.
• Prisma: Prisma launched new AI-powered artistic filters that transform photos into stylized artworks. These filters leverage deep learning algorithms to mimic the styles of famous artists, providing users with unique and visually striking results.
• Obvious: Obvious organized exhibitions featuring AI-generated art created using their algorithms. These exhibitions showcase the potential of AI in art creation and challenge traditional notions of authorship and creativity.
• CreativeAI: CreativeAI developed virtual art studios powered by AI, where artists can create, collaborate, and showcase their artworks in immersive digital environments. These studios integrate AI tools for real-time feedback and assistance, revolutionizing the art-making process.
Features of the Global AI Art Maker Market
Market Size Estimates: AI art maker market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI art maker market size by type, application, and region in terms of value ($B).
Regional Analysis: AI art maker market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI art maker market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI art maker market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI art maker market?
Answer: The global AI art maker market is expected to grow with a CAGR of 16.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI art maker market?
Answer: The major drivers for this market are increasing interest in AI-generated art for novelty & creativity, growing acceptance & recognition of AI-generated art in the art community, and rising demand for personalized & unique artworks through ai technology.
Q3. What are the major segments for AI art maker market?
Answer: The future of the AI art maker market looks promising with opportunities in the personal and business markets.
Q4. Who are the key AI art maker market companies?
Answer: Some of the key AI art maker companies are as follows:
• Jasper Art
• Nightcafe
• Stable Diffusion
• Photosonic
• DALL-E 2
• MidJourney
• Fotor
• Deep Dream Generator
• Artbreeder
• Big Sleep
Q5. Which AI art maker market segment will be the largest in future?
Answer: Lucintel forecasts that on-cloud is expected to witness higher growth over the forecast period.
Q6. In AI art maker market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI art maker market by type (on-cloud and on-premise), application (personal, business, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Art Maker Market, AI Art Maker Market Size, AI Art Maker Market Growth, AI Art Maker Market Analysis, AI Art Maker Market Report, AI Art Maker Market Share, AI Art Maker Market Trends, AI Art Maker Market Forecast, AI Art Maker Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.