AI Video Generator Market Growth and Scope - 2031
AI Video Generator Market Report Scope
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 |
AI Video Generator Market News and Recent Developments
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:
- In February 2024, artificial intelligence (AI) company OpenAI launched new AI tool that can generate highly realistic 60-second videos based off a simple text prompt, a jump forward in quality for AI videos and “deepfakes” that have already been used to deceive voters. The new tool, called Sora, is initially available to a small group of artists and filmmakers as well as “red teamers,” or researchers who try to find ways that an AI tool can be used for malicious purposes,. (Source: The Washington Post, Press Release, 2024)
- In January 2024, Google introduced Lumiere, a text-to-video diffusion model designed for synthesizing videos that portray realistic, diverse, and coherent motion. To end the pivotal challenge in video synthesis, they introduced a Space-Time U-Net architecture that generates the entire temporal duration of the video at once through a single pass in the model. This is in contrast to existing video models which synthesize distant keyframes followed by temporal super-resolution -- an approach that inherently makes global temporal consistency difficult to achieve. (Source: Lumiere, Press Release, 2024)
AI Video Generator Market Report Coverage and Deliverables
The “AI Video Generator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles