diff --git a/Gems/Atom/RPI/Code/Include/Atom/RPI.Reflect/Image/StreamingImageAssetHandler.h b/Gems/Atom/RPI/Code/Include/Atom/RPI.Reflect/Image/StreamingImageAssetHandler.h
index 3f4e15744a..f69463ae60 100644
--- a/Gems/Atom/RPI/Code/Include/Atom/RPI.Reflect/Image/StreamingImageAssetHandler.h
+++ b/Gems/Atom/RPI/Code/Include/Atom/RPI.Reflect/Image/StreamingImageAssetHandler.h
@@ -25,6 +25,8 @@ namespace AZ
                 const Data::Asset<Data::AssetData>& asset,
                 AZStd::shared_ptr<Data::AssetDataStream> stream,
                 const Data::AssetFilterCB& assetLoadFilterCB) override;
+
+            Data::AssetId AssetMissingInCatalog(const Data::Asset<Data::AssetData>& /*asset*/) override;
         };
     }
 }
diff --git a/Gems/Atom/RPI/Code/Source/RPI.Reflect/Image/StreamingImageAssetHandler.cpp b/Gems/Atom/RPI/Code/Source/RPI.Reflect/Image/StreamingImageAssetHandler.cpp
index fa39820329..e73d8e1c03 100644
--- a/Gems/Atom/RPI/Code/Source/RPI.Reflect/Image/StreamingImageAssetHandler.cpp
+++ b/Gems/Atom/RPI/Code/Source/RPI.Reflect/Image/StreamingImageAssetHandler.cpp
@@ -7,6 +7,7 @@
  */
 
 #include <Atom/RPI.Reflect/Image/StreamingImageAssetHandler.h>
+#include <AzFramework/Asset/AssetSystemBus.h>
 
 namespace AZ
 {
@@ -40,5 +41,34 @@ namespace AZ
 
             return loadResult;
         }
+
+        Data::AssetId StreamingImageAssetHandler::AssetMissingInCatalog(const Data::Asset<Data::AssetData>& asset)
+        {
+            // Escalate the asset to the top of the list
+            AzFramework::AssetSystemRequestBus::Broadcast(
+                &AzFramework::AssetSystem::AssetSystemRequests::EscalateAssetByUuid, asset.GetId().m_guid);
+
+            // Make sure the default fallback image has been processed so that it is part of the asset catalog
+            AzFramework::AssetSystem::AssetStatus status = AzFramework::AssetSystem::AssetStatus_Unknown;
+            AzFramework::AssetSystemRequestBus::BroadcastResult(
+                status, &AzFramework::AssetSystemRequestBus::Events::CompileAssetSync, "textures/defaults/defaultnouvs.tif.streamingimage");
+
+            // Get the id of the fallback image
+            Data::AssetInfo assetInfo;
+            assetInfo.m_relativePath = "textures/defaults/defaultnouvs.tif.streamingimage";
+            Data::AssetId assetId;
+            Data::AssetCatalogRequestBus::BroadcastResult(
+                assetId, &Data::AssetCatalogRequestBus::Events::GenerateAssetIdTEMP,
+                assetInfo.m_relativePath.c_str());
+
+            assetInfo.m_assetId = Data::AssetId(assetId.m_guid, StreamingImageAsset::GetImageAssetSubId());
+
+            // Register the fallback image with the asset catalog
+            Data::AssetCatalogRequestBus::Broadcast(
+                &Data::AssetCatalogRequestBus::Events::RegisterAsset, assetInfo.m_assetId, assetInfo);
+
+            // Use a default Image as a fallback
+            return assetInfo.m_assetId;
+        }
     }
 }