Global Computer Vision Market Business Growth Statistics, Opportunities and Key Players - KLA-Tencor, Mercedes-Benz USA, Mercedes-Benz, Baumer Group, Tordivel AS, ISRA VISION, MVTec Software GmbH, Cadence Design Systems, Facebook, NVIDIA, SICK, Wikitude

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% By 2025.

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This report highlights the current market synopsis of the Computer Vision Market along with future anticipated market growth. It also highlights various drivers, restraints, and opportunities expected to influence the market during the forecast period. In addition, information related to key players operating in the market along with their market share and key strategies adopted to maintain their leading position is also provided in this report. The Computer Vision Market study provides comprehensive assessment of key stakeholder strategies (With Detailed Porter's Five Forces Analysis), imperatives for succeeding in the business and five-year annual trend analysis that highlights market size, volume and share.

Key Players: Global Computer vision Market

Well known players of global computer vision market report are Google, Facebook, Microsoft, NVIDIA, Texas Instruments, KLA-Tencor, Mercedes-Benz USA, Mercedes-Benz, IBM, Autoliv, PlayfulVision, Wikitude, Cognex Corporation, National Instruments, GE, VideoIQ, Basler AG, OMRON Group, Synopsys Inc, SICK, Omron Industrial Automation Europe, KEYENCE CORPORATION, Sony, Teledyne Technologies Incorporated, Intel Corporation, Baumer Group, Baumer Optronic GmbH, Tordivel AS, ISRA VISION, MVTec Software GmbH, Cadence Design Systems, CEVA, Inc., Omron Automation – Americas, OMRON Asia Pacific, JAI A/S and others.

Market Segmentation

Based on geography, the global computer vision market report covers data points for 28 countries across multiple geographies such as

• North America,
• South America,
• Europe,
• Asia-Pacific
• 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.

Based on software, the global computer vision market is segmented into and

• Traditional software
• Deep learning software.

Based on component, the global computer vision market is segmented into

• hardware,
• cameras,
• frame rate,
• format,
• standard,
• sensor,
• frame grabbers,
• optics,
• LED lighting,
• processors,
• FPGAS,
• DSPS,
• microcontrollers and microprocessors,
• Visual processing units and others.

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
• Non-industrial

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.

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Competitive Analysis

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.

Major Market Drivers & Market Restraint

• 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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