AI in Computer Vision Market Comprehensive Study on Technology Adoption Applications and Market Expansion

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " AI in Computer Vision Market - (By Type of Component (Hardware and Software), by Type of Function (Training, Interference), by Type of Machine Learning Models (Supervised Learning, Unsupervised Learning), by Type of Deployment (Cloud-based and On-premise), by Areas of Application (Facial Recognition, Image Classification, Object Detection, Object Tracking, and Others), by Type of Product (PC-Based Computer Vision System, Smart Camera-Based Computer Vision System), by Type of End Users (Automotive, Consumer Electronics, Healthcare, Manufacturing, Retail, Security and Surveillance, Sports and Entertainment, and Others), by Company Size (Large Enterprises, Small and Medium Enterprises (SMEs)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the AI in Computer Vision Market is valued at US$ 21.9 Bn in 2023, and it is expected to reach US$ 148.5 Bn by 2031, with a CAGR of 27.5% during the forecast period of 2024-2031.

Global AI in Computer Vision Market 2025-2034 full Research Repot latest version is now available.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2919

Artificial Intelligence (AI) in computer vision enables systems and networks to derive actionable insights from digital images, videos, and other sensory inputs, thereby enhancing their capacity to interact with visual data. The incorporation of AI and neural network technologies is pivotal in advancing computer vision capabilities. AI algorithms effectively process, interpret, and learn from large volumes of both labeled and unlabeled visual data, allowing systems to identify and analyze patterns, features, and relationships within images, videos, and related datasets. Furthermore, the integration of advanced imaging technologies with AI and Internet of Things (IoT) solutions supports real-time, comprehensive data analysis, facilitating more informed decision-making. This sector is witnessing substantial growth, driven by escalating investments in AI research and development and an increased emphasis on harnessing data-driven insights. Consequently, AI-powered computer vision is becoming a foundational component of modern technological infrastructure.

List of Significant Players in the AI in Computer Vision Market:
• Alphabet Inc.
• Advanced Micro Devices, Inc. (commonly known as AMD)
• Amazon Web Services, Inc.
• Apple Inc.
• Baumer Optronic GmbH
• Basler AG
• Baidu, Inc.
• Cognex Corporation
• CEVA, Inc.
• Meta Platforms, Inc. (formerly Facebook, Inc.)
• General Electric Company
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• International Business Machines Corporation (commonly known as IBM)
• Intel Corporation
• JAI A/S
• KEYENCE Corporation
• Matterport, Inc.
• MediaTek Inc.
• Microsoft Corporation
• NI (National Instruments Corporation)
• NVIDIA Corporation
• Omron Corporation
• Qualcomm Incorporated
• Samsung Electronics Co., Ltd.
• SenseTime Group Limited
• Sony Group Corporation
• Teledyne Technologies Incorporated
• Texas Instruments Incorporated
• Tencent Holdings Limited
• Other Market Players

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-02

Market Dynamics
Drivers:
The increasing demand for AI in computer vision is largely fueled by the growing emphasis on automation. Automation, which involves utilizing technology, equipment, or software to perform tasks with minimal human intervention, is essential for improving operational efficiency. AI-powered computer vision systems enhance the ability to interpret and respond to visual data autonomously, thereby reducing dependence on manual processes. Consequently, the rising adoption of automated solutions is a significant driver propelling the integration of AI technologies within computer vision applications.

Challenges:
One of the primary obstacles limiting the expansion of the AI in computer vision market is the considerable cost associated with the development and deployment of these technologies. Implementing AI-driven computer vision solutions often requires specialized hardware, advanced software, and technical expertise, which can be financially burdensome, particularly for organizations with limited prior experience in this domain. Costs related to software licensing, procurement of equipment, and ongoing system maintenance can pose substantial financial barriers. Moreover, companies may need to allocate resources to workforce training to develop necessary competencies in AI technologies. These high expenses for technology acquisition, software, and skilled labor constitute significant challenges to widespread adoption, especially among small and medium-sized enterprises (SMEs).

Regional Trends:
The Asia-Pacific region is expected to secure a significant revenue share in the AI in computer vision market, with projections indicating a strong compound annual growth rate (CAGR) in the foreseeable future. This growth is driven by escalating demand for sophisticated automation solutions and increased investments in research and development fostering technological innovation. Additionally, the expanding application of AI-based computer vision in the healthcare sector further stimulates market growth in the region. Conversely, Europe continues to maintain a robust market presence, supported by ongoing technological advancements. The energy sector in Europe is also emerging as a key area for AI adoption, encouraged by supportive government regulations and policy frameworks.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2919

Recent Developments:
• In June 2024, NVIDIA Research Demonstrated Progress in Visual Generative AI at CVPR. NVIDIA Research will present over 50 papers, including AI software with potential applications in creative sectors, autonomous vehicle development, healthcare, and robotics.

Segmentation of AI in Computer Vision Market-
By Component-
• Hardware
• Software
By Function-
• Training
• Interference
By Machine Learning Models-
• Supervised Learning
• Unsupervised Learning
By Deployment-
• Cloud-Based
• On-Premises
By Areas of Application-
• Facial Recognition
• Image Classification
• Object Detection
• Object Tracking
• Others
By Product-
• PC-Based Computer Vision System
• Smart Camera-Based Computer Vision System
By End Users-
• Automotive
• Consumer Electronics
• Healthcare
• Manufacturing
• Retail
• Security & Surveillance
• Sports & Entertainment
• Others
By Company Size-
• Large Enterprises
• Small and Medium Enterprises
By Business Model-
• B2B
• B2C
• B2B2C
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-computer-vision-market/2919

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.