Computer Vision Market to grow at 11.81% CAGR till 2023 | Cognex, Basler, National Instruments, OMRON, Sony, KEYENCE Corporation, CEVA, Synopsys SICK, Teledyne Technologies, ISRA VISION and More

The global computer vision market is characterized by the presence of highly fragmented market due to the international and regional vendors. The demand for computer vision system is expected to grow due to rising investments in R&D of the smart camera and software technologies by key players, such as Keyence Corporation, Teledyne Technologies, Cognex Corporation, and others. To expand the market, the majority of the vendors are adopting new technologies and product launches, in order to gain a competitive advantage in the global market.

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The global computer vision market was valued at US$ 9.93 Bn in 2018 and is expected to reach US$ 17.35 Bn by the end of the forecast period, growing at a CAGR of 11.81% during the period from 2018 to 2023. Browse industry intelligence content at: Competitive Intelligence & Company Profiles Report Link

The key players in the computer vision market include Cognex, Basler, National Instruments, OMRON, Sony, KEYENCE Corporation, CEVA, Synopsys SICK, Teledyne Technologies, ISRA VISION, MVTec Software, MediaTek, Cadence Design Systems, Texas Instruments, Intel, Baumer Optronic, Tordivel, and JAI A/S.

The company profiles will include key information about companies including company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies, and analysts’ views. The information for individual companies has been derived through financial reports, paid databases, and company news articles, among others.

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The international players are expected to grow by increasingly acquiring the regional or local players in the computer vision market. For instance, in September 2017, Deere & Company has acquired Blue River Technology, a leader in applying machine learning to agriculture. This acquisition will enable farmers to reduce the use of herbicides by spraying them on areas where weeds are present. This will help optimize the use of inputs in the farming segment.

In addition to these, semiconductor companies, device manufacturers, component companies, and software developers have all made significant investments in technology development. Many companies have established various frameworks, while a few companies have moved into full production mode.

Recent Developments in the Market:

Cognex Corporation: In April 2017, Cognex Corporation, a manufacturer of machine vision systems has acquired ViDi Systems SA, a maker of Deep Learning Software for Industrial Machine Vision. With this acquisition, ViDi Systems SA has become a part of Cognex business unit, where their deep learning software will continue to be developed and incorporated into the Cognex product portfolio.

Intel: In May 2018, Intel, a technology company has launched OpenVINO computer vision toolkit for edge computing. This product launch will help in the quick deployment of computer vision for edge computing in cameras and IoT devices. This product will be catering to the Dahua for smart city solutions, GE Healthcare for medical imaging, and others like Amazon Web Services and Honeywell for different applications, thus increasing the Intel market share.

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Related Reports on Computer Vision Market:

Global Computer Vision Market Full Report
Global Computer Vision Market Summary Report
Global Computer Vision Market Segmentation Report
Global Computer Vision Market Regional Report
Global Computer Vision Market Statbook

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