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AI in Computer Vision Market Size Projected To Reach $124.08 Billion By 2034 With A Cagr Of 30.8%
AI in Computer Vision
What Is the Projected Growth of the AI in Computer Vision Market?
The AI in Computer Vision Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the AI in Computer Vision Market?
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What Are the Different AI in Computer Vision Market Segments?
The AI in computer vision market covered in this report is segmented -
1) By Component: Software, Hardware
2) By Function: Training, Interference
3) By Machine Learning Model: Supervised Learning, Unsupervised Learning, Reinforcement Learning
4) By Application: Industrial, Non-Industrial
5) By End User: Automotive, Consumer Electronics, Healthcare, Agriculture, Transportation And Logistics, Retail, Security And Surveillance, Manufacturing, Other End Users
Subsegments:
1) By Software: Image Recognition Software, Video Analytics Software, Machine Learning Frameworks, Development Tools And SDKs
2) By Hardware: Cameras And Sensors, GPUs (Graphics Processing Units), FPGAs (Field-Programmable Gate Arrays), Edge Devices
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What Are the Primary Drivers Shaping the AI in Computer Vision Market?
The thriving demand for computer vision technologies in diverse business industries is anticipated to boost the expansion of AI in the computer vision sector. In the field of agriculture, computer vision is employed for spotting plants, monitoring crops, and automated weeding, whereas in retail, it gets used for self-checkout and population tallying, in manufacturing for self-driving, and in robotics. The escalating demand for computer vision technologies in varied business sectors such as manufacturing is powered by AI in the computer vision market, as it's utilized to identify objects, thereby assisting in recognizing and categorizing a broader variety of items. For example, the International Federation of Robotics, a non-profit professional organization based in Germany, reported in October 2023 that the sales of service robots for professional use hit 158,000 units in 2022, noting a 48% rise. Companies are progressively moving towards automation to tackle staff deficiencies. Consequently, the blossoming demand for computer vision technologies in different business sectors fuels AI in the computer vision market.
Which Companies Are Leading in the AI in Computer Vision Market?
Major companies operating in the AI in computer vision market include Apple Inc., Google LLC, Microsoft Corporation, Meta Platforms Inc., Huawei Technologies Co. Ltd., Sony Corporation, Amazon Web Services Inc., General Electric Company, Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Nvidia Corporation, Baidu Inc., Teledyne Technologies Inc., Xilinx Inc., Unity Software Inc. , iRobot Corporation, SenseTime Group Ltd, Basler AG, Matterport Inc., Orbbec 3D Technology International Inc., ArcSoft Inc., Ultraleap Limited, ClarifAI inc., PerceptIn Inc, Occipital Inc., Irida Labs, Megvii Inc., Deep Vision AI inc., Xnor.AI inc.
What Are the Major Trends Shaping the AI in Computer Vision Market?
Major corporations in the AI in the computer vision market are directing their efforts towards technological innovation, specifically real-time analytics that can provide instant alerts for any irregularities. Real-time analytics is an analytical process that examines data as it is produced in real-time, helping prompt insights and decision-making. Take for example, Assert AI, a software development firm from India, that introduced Pratham in February 2024. This cutting-edge no-code computer vision platform, specifically designed to streamline video analytics for various user groups, eliminates the need for coding in analyzing video feeds. Pratham supports wide-ranging applications including footfall tracking, anomaly detection, and monitoring production lines. Additionally, it allows users to customize their preferences for personalized analytics, and notify anomalies in real-time. The highly intuitive interface of the platform enables a broad range of industries to take informed decisions based on accurate data.
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What Are the Top Revenue-Generating Geographies in the AI in Computer Vision Market?
North America was the largest region in the AI in computer vision market in 2024. Asia-Pacific is expected to be the highest-CAGR region in the forecast period. The regions covered in the AI in computer vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI in Computer Vision Market?
2. What is the CAGR expected in the AI in Computer Vision Market?
3. What Are the Key Innovations Transforming the AI in Computer Vision Industry?
4. Which Region Is Leading the AI in Computer Vision Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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