Press release
Global Computer Vision Market 2023 Latest Trends, New Technologies, Business Insights And Forecast To 2032 | Major Players Are Cognex Corporation, Intel Corporation, Keyence Corporation, National Instruments Corporation, Omron Corporation
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Computer Vision 2023 Global Market Report 2023 identifies The increasing demand for artificial intelligence as the major driver for the Computer Vision Market's growth in the forecast period. Artificial intelligence refers to the science and engineering of making intelligent machines, especially intelligent computer programs. Artificial intelligence (AI) in computer vision enables computers and systems to extract useful information from digital photos, movies, and other visual inputs and provide recommendations, and thus, the increase in demand for artificial intelligence is boosting the growth of computer vision.
The global computer vision market size is expected to grow from $13.45 billion in 2022 to $14.95 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global computer vision market size is expected to grow to $23.06 billion in 2027 at a CAGR of 11.4%.
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Major competitors in the Computer Vision Market are Cognex Corporation, Intel Corporation, Keyence Corporation, National Instruments Corporation, Omron Corporation, Sony Semiconductor Solutions Corporation, Texas Instruments Incorporated, Matterport Inc., Teledyne Technologies Incorporated., Baumer Holding AG, JAI, MediaTek Inc., Cadence Design Systems Inc., CEVA Inc., Synopsys Inc., and SAS Institute.
A key trend in the Computer Vision Market includes technological advancement. Major companies operating in the computer vision market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2022, Amazon Web Services, Inc., a US-based cloud computing platform provider, launched AWS Panorama, a software development kit in the Asia-Pacific that improves operations with computer vision (CV). AWS Panorama is a collection of the software development kit (SDK) and machine learning (ML) devices that bring CV to on-premises internet protocol (IP) cameras. AWS Panorama is useful for businesses to automate visual inspection tasks like evaluating manufacturing quality, locating bottlenecks in industrial processes, and determining worker safety within their facilities.
Read More On The Global Computer Vision Market Report Here:
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The Computer Vision Market is segmented -
By Product: Smart Camera-Based Computer Vision Systems, PC-Based Computer Vision Systems
By Component: Hardware, Software
By Offering: Deep Learning, Traditional Computer Vision
By Application: Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance, 3D Visualization and Interactive 3D Modelling
By End-User Industry: Life Science, Manufacturing, Defense and Security, Automotive, Other End User Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Computer Vision Market.
The Business Research Company's "Global Computer Vision Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Computer Vision Market Include:
1. Executive Summary
2. Computer Vision Market Characteristics
3. Computer Vision Market Trends And Strategies
4. Computer Vision Market - Macro Economic Scenario
5. Computer Vision Market Size And Growth
……
26. Africa Computer Vision Market
27. Computer Vision Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Computer Vision Market
29. Computer Vision Market Future Outlook and Potential Analysis
30. Appendix
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