The AI video generator market size is projected to reach US$ 1986.34 million by 2031 from US$ 496.83 million in 2023. The market is expected to register a CAGR of 18.9% in 2023–2031. The growing demand for video content and growing social media are likely to remain key to AI video generator market trends.
The AI video generator market has experienced significant growth in recent years, owing to factors such as technological advancements, mounting social media, and the cumulative demand for video content. The demand for video content is increasing due to the rising acceptance of visual environments across businesses. Many market players use AI video generators as software solution to make e-learning videos, AI news generators, and many others. The ability of AI video generators to create realistic and engaging videos based on any subject from a few texts, blogs, or video prompts fuels its adoption among the users.
An artificial intelligence (AI) video generator is a software tool that allows users to generate video in minutes as per their requirements using AI technology. Usually, a text-to-video process is used for the AI video generators. It allows the user to write a text, and with the help of an AI video generator, the video is generated. Content creators and marketers widely use AI video generators to create videos that can be used for social media, websites, reels, and other platforms to attract more viewers, followers, and customers.
Features of AI Video Generatorsto Favor Market
AI video generators use natural language processing (NLP) and machine learning (ML) algorithms to create new videos from scratch based on user input. They are trained on large datasets, which allows the Al video generator to learn or analyze data and produce the accurate videos that users require. As a result, it is an effective tool for producing high-quality content quickly, leading to user adoption and fueling the Al video generator market size. Al video generators offer significant time savings for content creators and marketers, which further leads to its demand.
Al video generator is a technology that produces high-quality video content using text, blogs, and large datasets. Al video generators are becoming increasingly popular due to their cost-effectiveness compared to traditional video creators. The Al video generator can create personalized videos based on user data. Constant advancements in Al and machine learning algorithms have resulted in high-quality, realistic, and high-resolution videos. These video generators save time for marketers and video creators by automating tasks such as video editing, captioning, and animation. It also allows them to save money on third-party sources hired specifically for video production. Thus, due to such features of AI video generator is leading to its adoption. The market players are making investments in AI video generator technology to flourish its the market more. For example, in November 2023, Pika, a company creating an AI-powered platform, announced that it raised US$ 55 million in a funding round led by Lightspeed Venture Partners with participation from Homebrew, Conviction Capital, SV Angel, Ben’s Bites and notable angel investors including Quora founder Adam D’Angelo, ex-GitHub CEO Nat Friedman and Giphy co-founder Alex Chung.
Key segments that contributed to the derivation of the AI video generator market analysis are component, organization size, and application.
The geographic scope of the AI video generator market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. Social media is growing at an exponential rate in the region. In addition, the region has influencers with a large follower. Thus, to keep growing their followers, the influencers upload regular videos, which generates the demand for advanced technological solutions that can help them to generate the videos faster, further driving the AI video generator market growth in Asia Pacific. The factors such as growth in demand for video content and adoption of AI technology are the major factors driving the Asia Pacific AI video generator market.
The regional trends and factors influencing the AI Video Generator Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses AI Video Generator Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 590.73 Million |
| Market Size by 2031 | US$ 1986.34 Million |
| Global CAGR (2025 - 2031) | 18.9% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The AI Video Generator Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the AI Video Generator Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The AI Video Generator Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
The “AI Video Generator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The incremental growth expected to be recorded for the global AI video generator market during the forecast period is US$ 1489.51 million.
The global AI video generator market is expected to reach US$ 1986.34 million by 2031.
The key players holding majority shares in the global AI video generator market are Pictory, Synthesia Limited., HeyGen, Deepbrain AI, and OpenAI.
Government focus on flourishing AI technology is anticipated to play a significant role in the global AI video generator market in the coming years.
The growing demand for video content and growing social media are the major factors that propel the global AI video generator market.
The global AI video generator market was estimated to be US$ 496.83 million in 2023 and is expected to grow at a CAGR of 18.9% during the forecast period 2023 - 2031.