diff --git a/docs/guide/environments.md b/docs/guide/environments.md
index f3da43b97..1e43f8a36 100644
--- a/docs/guide/environments.md
+++ b/docs/guide/environments.md
@@ -94,6 +94,15 @@ const ajv = new Ajv({code: {es5: true}})
 
 See [Advanced options](https://github.com/ajv-validator/ajv/blob/master/docs/api.md#advanced-options).
 
+## CJS vs ESM exports
+
+The default configuration of AJV is to generate code in ES6 with Common JS (CJS) exports. This can be changed by setting 
+the ES Modules(ESM) flag.
+
+```javascript
+const ajv = new Ajv({code: {esm: true}})
+```
+
 ## Other JavaScript environments
 
 Ajv is used in other JavaScript environments, including Electron apps, WeChat mini-apps and many others, where the same considerations apply as above:
diff --git a/docs/options.md b/docs/options.md
index ed0db7b02..557cf36a8 100644
--- a/docs/options.md
+++ b/docs/options.md
@@ -65,6 +65,7 @@ const defaultOptions = {
   code: {
     // NEW
     es5: false,
+    esm: false,
     lines: false,
     source: false,
     process: undefined, // (code: string) => string
@@ -347,6 +348,9 @@ Code generation options:
 ```typescript
 type CodeOptions = {
   es5?: boolean // to generate es5 code - by default code is es6, with "for-of" loops, "let" and "const"
+  esm?: boolean // how functions should be exported - by default CJS is used, so the validate function(s) 
+  // file can be `required`. Set this value to true to export the validate function(s) as ES Modules, enabling 
+  // bunlers to do their job.
   lines?: boolean // add line-breaks to code - to simplify debugging of generated functions
   source?: boolean // add `source` property (see Source below) to validating function.
   process?: (code: string, schema?: SchemaEnv) => string // an optional function to process generated code
diff --git a/lib/compile/codegen/code.ts b/lib/compile/codegen/code.ts
index bd9b38502..b17701973 100644
--- a/lib/compile/codegen/code.ts
+++ b/lib/compile/codegen/code.ts
@@ -155,6 +155,14 @@ export function getProperty(key: Code | string | number): Code {
   return typeof key == "string" && IDENTIFIER.test(key) ? new _Code(`.${key}`) : _`[${key}]`
 }
 
+//Does best effort to format the name properly
+export function getEsmExportName(key: Code | string | number): Code {
+  if (typeof key == "string" && IDENTIFIER.test(key)) {
+    return new _Code(`${key}`)
+  }
+  throw new Error(`CodeGen: invalid export name: ${key}, use explicit $id name mapping`)
+}
+
 export function regexpCode(rx: RegExp): Code {
   return new _Code(rx.toString())
 }
diff --git a/lib/core.ts b/lib/core.ts
index 2cf93c62c..9e0bb326c 100644
--- a/lib/core.ts
+++ b/lib/core.ts
@@ -140,6 +140,7 @@ export interface CurrentOptions {
 
 export interface CodeOptions {
   es5?: boolean
+  esm?: boolean
   lines?: boolean
   optimize?: boolean | number
   formats?: Code // code to require (or construct) map of available formats - for standalone code
diff --git a/lib/standalone/index.ts b/lib/standalone/index.ts
index d205ac09a..b6129ce9e 100644
--- a/lib/standalone/index.ts
+++ b/lib/standalone/index.ts
@@ -2,7 +2,7 @@ import type AjvCore from "../core"
 import type {AnyValidateFunction, SourceCode} from "../types"
 import type {SchemaEnv} from "../compile"
 import {UsedScopeValues, UsedValueState, ValueScopeName, varKinds} from "../compile/codegen/scope"
-import {_, nil, _Code, Code, getProperty} from "../compile/codegen/code"
+import {_, nil, _Code, Code, getProperty, getEsmExportName} from "../compile/codegen/code"
 
 function standaloneCode(
   ajv: AjvCore,
@@ -30,6 +30,10 @@ function standaloneCode(
     const usedValues: UsedScopeValues = {}
     const n = source?.validateName
     const vCode = validateCode(usedValues, source)
+    if (ajv.opts.code.esm) {
+      // Always do named export as `validate` rather than the variable `n` which is `validateXX` for known export value
+      return `"use strict";${_n}export const validate = ${n};${_n}export default ${n};${_n}${vCode}`
+    }
     return `"use strict";${_n}module.exports = ${n};${_n}module.exports.default = ${n};${_n}${vCode}`
   }
 
@@ -43,7 +47,10 @@ function standaloneCode(
       const v = getValidateFunc(schemas[name] as T)
       if (v) {
         const vCode = validateCode(usedValues, v.source)
-        code = _`${code}${_n}exports${getProperty(name)} = ${v.source?.validateName};${_n}${vCode}`
+        const exportSyntax = ajv.opts.code.esm
+          ? _`export const ${getEsmExportName(name)}`
+          : _`exports${getProperty(name)}`
+        code = _`${code}${_n}${exportSyntax} = ${v.source?.validateName};${_n}${vCode}`
       }
     }
     return `${code}`
diff --git a/package.json b/package.json
index a1588cec2..a986f6891 100644
--- a/package.json
+++ b/package.json
@@ -94,6 +94,7 @@
     "karma-mocha": "^2.0.0",
     "lint-staged": "^12.1.1",
     "mocha": "^9.0.2",
+    "module-from-string": "^3.1.3",
     "node-fetch": "^3.0.0",
     "nyc": "^15.0.0",
     "prettier": "^2.3.1",
diff --git a/spec/standalone.spec.ts b/spec/standalone.spec.ts
index 925b45a69..45e3dad18 100644
--- a/spec/standalone.spec.ts
+++ b/spec/standalone.spec.ts
@@ -4,8 +4,29 @@ import _Ajv from "./ajv"
 import standaloneCode from "../dist/standalone"
 import ajvFormats from "ajv-formats"
 import requireFromString = require("require-from-string")
+import {importFromStringSync} from "module-from-string"
 import assert = require("assert")
 
+function testExportTypeEsm(moduleCode: string, singleExport: boolean) {
+  //Must have
+  assert.strictEqual(moduleCode.includes("export const"), true)
+  if (singleExport) {
+    assert.strictEqual(moduleCode.includes("export default"), true)
+  }
+  //Must not have
+  assert.strictEqual(moduleCode.includes("module.exports"), false)
+}
+function testExportTypeCjs(moduleCode: string, singleExport: boolean) {
+  //Must have
+  if (singleExport) {
+    assert.strictEqual(moduleCode.includes("module.exports"), true)
+  } else {
+    assert.strictEqual(moduleCode.includes("exports.") || moduleCode.includes("exports["), true)
+  }
+  //Must not have
+  assert.strictEqual(moduleCode.includes("export const"), false)
+}
+
 describe("standalone code generation", () => {
   describe("multiple exports", () => {
     let ajv: Ajv
@@ -21,24 +42,40 @@ describe("standalone code generation", () => {
     }
 
     describe("without schema keys", () => {
-      beforeEach(() => {
+      it("should generate module code with named export - CJS", () => {
         ajv = new _Ajv({code: {source: true}})
         ajv.addSchema(numSchema)
         ajv.addSchema(strSchema)
+        const moduleCode = standaloneCode(ajv, {
+          validateNumber: "https://example.com/number.json",
+          validateString: "https://example.com/string.json",
+        })
+        testExportTypeCjs(moduleCode, false)
+        const m = requireFromString(moduleCode)
+        assert.strictEqual(Object.keys(m).length, 2)
+        testExports(m)
       })
 
-      it("should generate module code with named exports", () => {
+      it("should generate module code with named export - ESM", () => {
+        ajv = new _Ajv({code: {source: true, esm: true}})
+        ajv.addSchema(numSchema)
+        ajv.addSchema(strSchema)
         const moduleCode = standaloneCode(ajv, {
           validateNumber: "https://example.com/number.json",
           validateString: "https://example.com/string.json",
         })
-        const m = requireFromString(moduleCode)
+        testExportTypeEsm(moduleCode, false)
+        const m = importFromStringSync(moduleCode)
         assert.strictEqual(Object.keys(m).length, 2)
         testExports(m)
       })
 
-      it("should generate module code with all exports", () => {
+      it("should generate module code with all exports - CJS", () => {
+        ajv = new _Ajv({code: {source: true}})
+        ajv.addSchema(numSchema)
+        ajv.addSchema(strSchema)
         const moduleCode = standaloneCode(ajv)
+        testExportTypeCjs(moduleCode, false)
         const m = requireFromString(moduleCode)
         assert.strictEqual(Object.keys(m).length, 2)
         testExports({
@@ -46,6 +83,27 @@ describe("standalone code generation", () => {
           validateString: m["https://example.com/string.json"],
         })
       })
+
+      it("should generate module code with all exports - ESM", () => {
+        ajv = new _Ajv({code: {source: true, esm: true}})
+        ajv.addSchema(numSchema)
+        ajv.addSchema(strSchema)
+
+        try {
+          standaloneCode(ajv)
+        } catch (err) {
+          if (err instanceof Error) {
+            const isMappingErr =
+              `CodeGen: invalid export name: ${numSchema.$id}, use explicit $id name mapping` ===
+                err.message ||
+              `CodeGen: invalid export name: ${strSchema.$id}, use explicit $id name mapping` ===
+                err.message
+            assert.strictEqual(isMappingErr, true)
+          } else {
+            throw err
+          }
+        }
+      })
     })
 
     describe("with schema keys", () => {
@@ -223,13 +281,14 @@ describe("standalone code generation", () => {
     }
   })
 
-  it("should generate module code with a single export (ESM compatible)", () => {
+  it("should generate module code with a single export - CJS", () => {
     const ajv = new _Ajv({code: {source: true}})
     const v = ajv.compile({
       type: "number",
       minimum: 0,
     })
     const moduleCode = standaloneCode(ajv, v)
+    testExportTypeCjs(moduleCode, true)
     const m = requireFromString(moduleCode)
     testExport(m)
     testExport(m.default)
@@ -242,6 +301,26 @@ describe("standalone code generation", () => {
     }
   })
 
+  it("should generate module code with a single export - ESM", () => {
+    const ajv = new _Ajv({code: {source: true, esm: true}})
+    const v = ajv.compile({
+      type: "number",
+      minimum: 0,
+    })
+    const moduleCode = standaloneCode(ajv, v)
+    testExportTypeEsm(moduleCode, true)
+    const m = importFromStringSync(moduleCode)
+    testExport(m.validate)
+    testExport(m.default)
+
+    function testExport(validate: AnyValidateFunction<unknown>) {
+      assert.strictEqual(validate(1), true)
+      assert.strictEqual(validate(0), true)
+      assert.strictEqual(validate(-1), false)
+      assert.strictEqual(validate("1"), false)
+    }
+  })
+
   describe("standalone code with ajv-formats", () => {
     const schema = {
       $schema: "http://json-schema.org/draft-07/schema#",