Global AI Video Generator Market Insights Forecasts to 2033

• The Global AI Video Generator Market Size was Valued at USD 551.7 Million in 2023
• The Market Size is Growing at a CAGR of 18.37% from 2023 to 2033
• The Worldwide AI Video Generator Market Size is Expected to Reach USD 2980 Million by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global AI Video Generator Market Size is Anticipated to Exceed USD 2980 Million by 2033, Growing at a CAGR of 18.37% from 2023 to 2033.

Market Overview

An AI video generator is a tool that uses various generative artificial intelligence (AI) or Gen-AI technology to automatically generate or edit video content using text input from users. Some AI video generators can also generate video from other formats like images, and videos. It can create avatars, generate voices, and animate content without manually editing a video, making the process of video creation a lot faster, more efficient, and with less effort.

The global AI video generator market is still in the nascent stage and is experiencing rapid advancements and growing adoption across multiple industries. AI video generators use artificial intelligence to create or edit video content. These video generator tools have significantly revolutionized how videos are produced. These video generators offer several benefits like cost-efficiency, time-savings, and the ability to create personalized, high-quality content. The market is driven by several factors such as technological advancements in machine learning and deep learning algorithms, the rising demand for video content on social media and streaming platforms, and the increasing need for video production in huge numbers, which is very time-consuming, if done manually. Some of the key opportunities in this market include the expansion of AI technology into new applications and industries, such as eLearning and marketing, where the demand for engaging and tailored video content is rising rapidly.

Report Coverage

This research report categorizes the market for the global AI video generator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global AI video generator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global AI video generator market.

Driving Factors

The global AI video generator market growth is fuelled by several driving factors. A major factor is the continuous advancements in artificial intelligence (AI), machine learning (ML), and deep learning (DL) technologies, significantly improving the capabilities of AI video generator software, and making them more effective for users across various industries. The rising demand for video content, especially short-form video because of the boom in social media, online marketing, and digital platforms, is boosting the market growth. Companies are increasingly leveraging AI video generators to create engaging social media posts, and personalized content quickly and at a lower cost. This allows them to produce more and more content, and increase visibility, thereby gaining a competitive edge in their respective markets.

Moreover, the widespread adoption of AI technology in media and entertainment, where high-quality video content is needed, is fuelling the market growth. The speed and scalability offered by AI video generators enable businesses to produce large volumes of content without compromising on quality. Additionally, supportive government initiatives aimed at promoting digital transformation and AI inclusion are creating a favourable environment for Generative AI software market growth.

Restraining Factors

The global AI video generator market could face several challenges, restraining the market growth. The high initial investment cost for AI companies is a significant barrier, as deploying advanced AI software requires substantial computer hardware resources, which can be a barrier for small and medium-sized start-ups. Additionally, concerns related to data privacy and security are also major challenges, as AI involves handling vast amounts of sensitive data. The quality and creativity of AI-generated content are still not close to human-created videos, potentially limiting adoption in industries where originality and high standards are demanded. Also, some governments are skeptical regarding generative AI and might issue new rules, which can cause barriers for market players.

Market Segmentation

The global AI video generator market share is classified into component, application, and industry, source.

• The solution segment is expected to hold the largest share of the global AI video generator market during the forecast period.

Based on components, the global AI video generator market is divided into solutions and services. Among these, the solution segment is expected to hold the largest share of the global AI video generator market during the forecast period. This is mainly due to the amazing capabilities offered by AI video generator apps, which streamline the entire video production process. Solutions include tools and applications that automate video creation, editing, and publishing, based on prompts from users. These tools are highly valued across various industries for their ability to significantly reduce production time and costs while enhancing the quality and personalization of video content. The continuous innovation and development of AI algorithms provide users with advanced features, driving widespread adoption.

• The marketing segment is expected to hold the largest share of the global AI video generator market during the forecast period.

Based on application, the global AI video generator market is divided into marketing, education, social media, and others. Among these, the marketing segment is expected to hold the largest share of the global AI video generator market during the forecast period. This marketing segment is driven by the increasing dependence on video content, as it is becoming the primary method for social media marketing strategies. Businesses are adopting AI video generators to create highly engaging and targeted content for their audiences, increasing brand visibility, better reach, and engagement. Additionally, due to the efficiency and cost-effectiveness of AI tools, marketers can produce a large number of trending content quickly, leading to more agile and responsive marketing campaigns.

• The media & entertainment segment is expected to grow at the fastest CAGR in the global AI video generator market during the forecast period.   

Based on industry, the global AI video generator market is divided into media & entertainment, healthcare & life sciences, retail & e-commerce, manufacturing, and others. Among these, the bacterial and viral protection segment is expected to grow at the fastest CAGR in the global AI video generator market during the forecast period. The rapid growth of this segment is due to the high demand for innovative and engaging video content in this industry, where AI video generators offer many advantages. These AI tools streamline the video creation process, which helps in producing high-quality videos quickly and inexpensively. Also, the ability to generate customized and diverse content tailored to specific audience preferences enhances viewer engagement and satisfaction. Additionally, there has been a continuous evolution of AI technologies in creating special effects, improving visual quality, and automating post-production tasks, boosting the segment’s growth.

• The text-to-video segment is expected to hold the largest share of the global AI video generator market during the forecast period.

Based on the source, the global AI video generator market is divided into text-to-video, PowerPoint-to-video, and spreadsheet-to-video. Among these, the text-to-video segment is expected to hold the largest share of the global AI video generator market during the forecast period. This is mainly because the technology for other segments is not much developed compared to text-to-video. Also, there are many market players operating in this segment, which creates competition between them, boosting the segment’s growth.

Regional Segment Analysis of the Global AI Video Generator Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global AI video generator market over the predicted timeframe.

North America is anticipated to hold the largest share of the global AI video generator market over the predicted timeframe. The region’s dominant market share is due to the presence of globally leading technology companies in the USA, well-funded startups, and robust infrastructure supporting research and development in AI. High investments in new and cutting-edge AI technologies and the early adoption of these solutions across various industries position North America as the dominant region in the AI video generation space. Also, there is a high demand for high-quality video content in sectors like media, entertainment, and marketing fuelling the regional market growth.

The region's well-established tech and digital ecosystem, with government policies that promote AI innovation and digital transformation, creates a helpful environment for market expansion. It also has several skilled professionals and widespread awareness of the benefits of AI-driven solutions, contributing to the region's market share.

Europe is expected to grow the fastest in the global AI video generator market during the forecast period. The rapid growth of this region is driven by the strong emphasis on digital transformation and innovation across various sectors. European companies are increasingly investing in tech startups, especially AI startups, to enhance their competitive edge globally. Moreover, the widespread adoption of AI video generators in industries such as marketing, education, and media is accelerating due to the high demand for personalized and engaging content. Europe's tech-savvy population and the growing number of AI startups are contributing to the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global AI video generator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Lumen5
• Pictory
• Designs.Ai
• Muse.ai
• InVideo
• FlexClip
• Rephrase.ai
• Canva
• HubSpot's Clip Creator
• Elai.io
• Synthesia.io
• Veed.io
• Simplified
• HeyGen
• Movavi Video Editor
• Deepbrain AI
• Synthesys
• Colossyan
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2024, ByteDance, known for creating the wildly popular (and controversial) short-form video TikTok app, officially entered the AI space with its latest release - Jimeng AI, a text-to-image and text-to-video generator.

• In July 2024, Chinese tech company Kuaishou, known internationally as Kwai, expanded its generative artificial intelligence platform, Kling AI, to a global audience. The beta version of Kling AI was launched worldwide.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global AI video generator market based on the below-mentioned segments: 

Global AI Video Generator Market, By Component

• Solution
• Services

Global AI Video Generator Market, By Application

• Marketing
• Education
• Social Media
• Others

Global AI Video Generator Market, By Industry

• Media & Entertainment
• Healthcare & Life Sciences
• Retail & E-commerce
• Manufacturing
• Others

Global AI Video Generator Market, By Source

• Text-To-Video
• PowerPoint-To-Video
• Spreadsheet-To-Video

Global AI Video Generator Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa