Press release
Computer Vision Market Size Worth USD 29.43 Billion by 2030 With CAGR of 7.8%
Computer Vision Market
Computer Vision Market size was valued at USD 17.39 Billion in 2023 and the total Computer Version revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 29.43 Billion by 2030.
Computer Vision Market Overview:
Computer Vision is a field of artificial intelligence (AI) that enables machines to interpret and process visual information from the world, mimicking human vision. It involves acquiring, processing, and analyzing digital images to extract meaningful information. Computer vision has become a crucial technology in various industries, including automotive, healthcare, retail, manufacturing, and more.
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What are Computer Vision Market Dynamics?
Technological Advancements: Continuous advancements in AI, machine learning, and deep learning algorithms driving the development of more sophisticated and capable computer vision systems.
Industrial Automation: Increasing adoption of automation in manufacturing and logistics, leveraging computer vision for tasks such as quality control, inventory management, and robotic guidance.
Surveillance and Security: Growing demand for advanced surveillance systems and security solutions in public safety, retail, and smart cities, utilizing computer vision for facial recognition, behavior analysis, and threat detection.
Autonomous Vehicles: Rapid development of autonomous driving technologies relying on computer vision for environment perception, object detection, and navigation.
Computer Vision Market Trends:
AI and Machine Learning Integration: Increasing integration of AI and machine learning algorithms to enhance the capabilities of computer vision systems, enabling more accurate and real-time image recognition and analysis.
Edge Computing: Adoption of edge computing to process visual data closer to the source, reducing latency and bandwidth usage, and enabling real-time decision-making in applications like autonomous vehicles and industrial automation.
3D Vision Technology: Growing use of 3D vision technology in applications such as robotics, AR/VR, and quality inspection, providing more detailed and accurate visual data.
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Computer Vision Market Opportunities:
Retail and E-commerce: Opportunities in enhancing customer experience, optimizing inventory management, and improving security through computer vision applications such as visual search, cashier-less stores, and fraud detection.
Healthcare and Medical Imaging: Growth potential in medical imaging, diagnostics, and patient care, leveraging computer vision for accurate and early disease detection, treatment planning, and remote monitoring.
Agriculture and Food Industry: Adoption of computer vision in agriculture for crop monitoring, yield estimation, and precision farming, as well as in the food industry for quality control and automation of production processes.
Smart Cities and IoT: Expansion of computer vision applications in smart city initiatives, including traffic management, public safety, waste management, and environmental monitoring, enhancing urban living and sustainability.
What is Computer Vision Market Regional Insight?
North America: Leading market for computer vision technology driven by strong investments in AI research, presence of major technology companies, and high adoption across various industries including automotive, healthcare, and retail.
Europe: Growing focus on Industry 4.0, smart manufacturing, and sustainable technologies, fostering the adoption of computer vision in industrial automation, robotics, and environmental monitoring.
Asia-Pacific: Rapid industrialization, urbanization, and technological advancements in countries like China, Japan, and South Korea driving the adoption of computer vision in manufacturing, automotive, and consumer electronics sectors.
Latin America and Middle East & Africa: Emerging markets exploring computer vision applications in agriculture, security, and infrastructure development, driven by increasing investments in digital transformation and smart technologies.
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What is Computer Vision Market Segmentation?
by Component
Hardware
Software
Service
by Product
PC-based Computer Vision Systems
Smart Cameras-based Computer Vision Systems
by Application
Quality Assurance and Inspection
Positioning and Guidance
Measurement
Identification
Predictive Maintenance
by End-User
Industrial
Non-industrial
Some of the current players in the Computer Vision Market are:
North America:
1. NVIDIA Corporation
2. Intel Corporation
3. Microsoft Corporation
4. Amazon Web Services (AWS)
5. IBM Corporation
6. Google LLC
7. Facebook, Inc. (Meta Platforms)
8. Apple Inc.
9. Qualcomm Incorporated
10. Cognex Corporation
11. Xilinx, Inc.
Europe:
12. ARM Limited
13. Graphcore Ltd.
14. Basler AG
15. Bosch Sensortec
16. Dassault Systèmes
17. Thales Group
Asia-Pacific:
18. SenseTime
19. Dahua Technology
20. Hikvision
21. Alibaba Group
22. Samsung Electronics Co., Ltd.
23. Wipro Limited
24. TATA Consultancy Services (TCS)
25. Infosys Limited
Latin America:
26. Embraer SA
Middle East and Africa:
27. Mobileye (now part of Intel Corporation)
28. DarkMatter
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Key Offerings:
Past Market Size and Competitive Landscape
Computer Vision Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Computer Vision Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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