Global Computer Vision Market Share and Growth Rate 2024 - Google, Facebook, Inc., Microsoft Corporation, Nvidia, Mercedes-Benz, Mercedes-Benz and others
Computer vision is a branch of software engineering which manages distinguishing and preparing pictures to provide output like person. Fundamentally it is giving the capacity of human vision to a computer. It makes the utilization of artificial intelligence to distinguish and translate what the picture really is about. Computer vision gives comes about in light of perception and translates the following activity. For example, PC vision in car watches the surroundings, for example, path dividers, movement lights and hindrances and act as per it. The vehicle stops naturally if a sudden obstruction is watched. This activity is prepared by machine vision frameworks combined with artificial intelligence which helps in controlling of the automobile.
The Global Computer Vision Market accounted for USD 11.12 billion in 2017 and is projected to grow at a CAGR of 8.2% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers & Market Restraint: Global Computer Vision Market
• Demand for image and video analysis applications from various industry segments.
• Adoption of artificial intelligence into the business segments.
• Rapid technological disruptions in the field of advanced safety systems.
• Huge investment costs.
• Lack of skilled workforce.
• Inadequate ability to develop well-structured algorithms for drones featuring artificial intelligence.
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Market Segmentation: Global Computer Vision Market
The global computer vision market is based on component, software, product, application, vertical and geographical segments.
Based on component, the global computer vision market is segmented into
• frame rate,
• frame grabbers,
• LED lighting,
• microcontrollers and microprocessors,
• Visual processing units and others.
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Based on software, the global computer vision market is segmented into and
• Traditional software
• Deep learning software.
Based on product, the global computer vision market is segmented into
• PC based
• Smart camera based.
Based on vertical, the global computer vision market is segmented into
Industrial segment is further sub segmented into automotive, electronics & semiconductor, consumer electronics, glass, metals, wood & paper, pharmaceuticals, food & packaging, rubber & plastics, printing, machinery, solar panel manufacturing and textiles. The non-industrial segment is further sub segmented into healthcare, postal & logistics, intelligent transportation systems security & surveillance, agriculture, consumer electronics, autonomous and semiautonomous vehicles, sports and entertainment and retail.
Based on geography, the global computer vision market report covers data points for 28 countries across multiple geographies such as
• North America,
• South America,
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Analysis of Global computer vision market
The global computer vision market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of computer vision market for global, Europe, North America, Asia Pacific and South America.
Top Competitors of Market
• Google LLC,
• Facebook Inc.,
• Microsoft Corporation ,
• Nvidia Corporation,
• Mercedes-Benz ,
• National Instruments Corporation,
• General Electric,
• Teledyne Technologies,
• Texas Instru ments,
• Intel and many others
• IBM Corporation,
• Autoliv Inc.,
• Wikitude GmbH,
• Cognex Corporation,
Frequently Asked Questions?
• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Computer Vision Market?
Global Computer Vision Market, By Component (Hardware, Cameras, Frame Rate and others), By Product (PC Based and Smart Camera Based), By Software (Traditional and Deep Learning), By Application (Quality Control and Inspection, Positioning and Guidance and others), By Vertical (Industrial and Non-Industrial) and By Geographical Segments (North America, Asia Pacific, South America and others)- Industry Trends and Forecast to 2025
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