Press release
AI in Computer Vision Market Latest Trends and Analysis, Future Growth Study by 2032
AI in Computer Vision Market
Artificial intelligence (AI)'s field of computer vision enables computers and systems to extract useful information from digital photos, movies, and other visual inputs and act upon that information or provide recommendations. Human vision has an advantage over computer vision in that it has been around longer. Human sight has the benefit of lifetimes of context to train how to distinguish objects, determine whether they are moving, and determine whether an image is incorrect. These tasks are taught to machines through computer vision.
Energy and utility companies, manufacturers, and the automobile industry all employ computer vision extensively, and the market is only expanding. The discipline of computer vision is one that is the subject of extensive research. Computer vision technology is crucial to endeavours in business, entertainment, transportation, healthcare, and daily life, as shown by real-world applications. The influx of visual data coming from smartphones, security systems, traffic cameras, and other visually instrumented devices is a major factor in the expansion of these applications.
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The size of the global AI in computer vision market is expected to expand significantly over the course of the projection. The market for emotion AI is expanding due to factors such the rising demand for computer vision systems in automotive applications, the high demand for quality control and automation, and the rising demand for emotion AI. Industrial robots and computer vision technologies are being used more and more by automakers to automate various stages of the production process. The market for AI in computer vision is expanding as more major automotive and IT companies get involved in the development of autonomous vehicles. Growing safety and security-related concerns, however, are a significant barrier to the expansion of the global market.
Top Impacting Factors
Rising need for computer vision systems in automotive applications, rising demand for emotion AI, and high demand for quality inspection and automation are the main drivers influencing the growth of the AI in computer vision market. However, the market's expansion is constrained by growing safety and security-related concerns. On the other hand, it is anticipated that government initiatives to promote the development of AI-related technology would open up attractive market opportunities. Therefore, during the forecast period, these variables are predicted to unquestionably have an impact on the global AI in computer vision industry.
Market Segmentation
By Type:
• Hardware
• Software.
By Application:
• Object Detection
• Image Classification
• Image Segmentation
• Image Restoration
• Object Tracking
• Facial Recognition
By Industry:
• Healthcare
• Automotive
• Retail
• Agriculture
• Manufacturing
• Media and Entertainment
• Others
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Geography:
The AI in computer vision market often is a rapidly growing industry, with many regions around the world investing heavily in this technology. As of now, North America dominates the AI in computer vision market, followed by Europe and the Asia-Pacific region. There are several reasons why North America is currently leading the AI in computer vision market. Firstly, North America has always been at the forefront of technological advancements, and this is reflected in the development and adoption of AI in computer vision. The region has a highly skilled workforce and a strong research and development ecosystem, which has helped it to develop cutting-edge AI technologies. Secondly, there is a significant amount of funding available for AI research and development in North America, which has allowed companies and researchers to invest in AI in computer vision and accelerate its development. Thirdly, many companies in North America have already adopted AI in computer vision in various industries, such as healthcare, automotive, and retail, which has helped to drive its growth and adoption in the region. Lastly, the US government has been supportive of AI research and development, with initiatives such as the National Artificial Intelligence Research and Development Strategic Plan, which has helped to drive investment and growth in the industry. However, other regions, such as Europe and Asia-Pacific, are also investing heavily in AI in computer vision and are expected to grow rapidly in the coming years.
Competitive Landscape:
• NVIDIA Corporation
• Intel Corporation
• Google LLC
• Microsoft Corporation
• IBM Corporation
• Amazon Web Services, Inc.
• Qualcomm Technologies, Inc.
• Baidu, Inc.
• Apple Inc.
• Facebook, Inc.
• Cognex Corporation
• FLIR Systems, Inc.
• Honeywell International Inc.
• Teledyne Technologies Inc.
• Basler AG
FREQUENTLY ASKED QUESTIONS?
Q1. At what CAGR, the AI in computer vision market will expand from 2021 - 2030?
Q2. What will be the market value of AI in computer vision market by the end of 2030?
Q3. How can I get sample report of AI in computer vision market?
Q4. Which are the factors that drives AI in computer vision market growth?
Q5. Who are the leading players in AI in computer vision market?
Q6. How can I get company profiles of top ten players of AI in computer vision market?
Q7. What are the segments of AI in computer vision market?
Q8. What are the key growth strategies of AI in computer vision market players?
Q9. By Component, which segment would grow at a highest CAGR during the forecast period?
Q10. By Region, which segment will dominate the market by the end of 2030?
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