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Vision Transformers Market Growing with AI Applications in Visual Recognition | Google, OpenAI, Meta, AWS, NVIDIA Corporation, LeewayHertz
Vision Transformers Market
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Vision Transformers Market Growth
Global Vision Transformers Market reached US$ 147.4 million in 2022 and is expected to reach US$ 1,415.5 million by 2030, growing with a CAGR of 33.2% during the forecast period 2024-2031
Comprehensive Insight into Vision Transformers Market Landscape and Growth Trends:
Vision Transformers (ViTs) are deep learning models that apply the transformer architecture-originally designed for NLP-to computer vision tasks such as image classification, segmentation, and object detection.
The ViT market is surging due to growing investments in AI and computer vision technologies. Their ability to outperform traditional convolutional neural networks (CNNs) in large-scale image analysis is accelerating adoption across healthcare, security, automotive, and robotics sectors.
Major Players Shaping the Competitive Landscape:
Google, OpenAI, Meta, AWS, NVIDIA Corporation, LeewayHertz, Synopsys, Hugging Face, Microsoft and Qualcomm.
Important Mergers, Acquisitions, and Market Shifts:
✅ In May 2024, Microsoft unveiled GigaPath-a vision transformer with dilated self-attention crafted for whole-slide pathology applications. It was pretrained on over 1 billion image tiles from medical sources
✅ In July 2024 saw OpenCV join forces with Qualcomm as a Gold Member to accelerate ViT innovation in mobile and edge environments
✅ NVIDIA's Project GR00T: Launched in March 2024, GR00T embeds ViT-powered Isaac Perceptor capabilities into humanoid-robot vision, enhancing multi-camera perception in manufacturing and logistics
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Methodology and Scope:
This Vision Transformers Market report is developed using a robust research methodology that combines primary interviews, insights from industry experts, and verified secondary sources such as company filings, trade journals, and trusted databases. It follows a bottom-up and top-down approach to ensure data accuracy through triangulation. The scope of the report covers current market trends, growth potential, and strategic developments across global and regional markets.
Regional Overview for Vision Transformers Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the Vision Transformers market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the Vision Transformers industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the Vision Transformers market?
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