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Surge In Computer Vision Technologies Need Flourishes The AI in The Computer Vision Market Growth: Pivotal Factor Influencing AI in Computer Vision Market Growth in 2025
AI in Computer Vision
AI in Computer Vision Market Size Growth Forecast: What to Expect by 2025?
The market size of AI in computer vision has significantly expanded in the past few years. Its growth is projected to continue from $33.45 billion in 2024, increasing to $42.44 billion in 2025 with a compound annual growth rate (CAGR) of 26.9%. The notable growth during the historic period is due to the increased adoption of industry 4.
How Will the AI in Computer Vision Market Size Evolve and Grow by 2029?
Anticipations point towards a vibrant expansion for the AI in computer vision market in the forthcoming years, ballooning to $124.08 billion in 2029, an upsurge represented by a compound annual growth rate (CAGR) of 30.8%. This significant growth forecasted can be ascribed to factors like the escalating needs to enhance assessment quality and automation, government-driven initiatives for boosting industrial automation, and the amalgamation of artificial intelligence. Furthermore, the mounting demand from non-traditional and evolving sectors for computer vision systems, as well as growing investments in AI technology, are also contributors. Foreseen trends in the projection period are innovative solutions, AI and computer vision technological advancements, strategic partnerships, AI integration with ML, and technological progression.
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What Drivers Are Propelling the Growth of AI in Computer Vision Market Forward?
The increasing demand for computer vision technology across different industries is anticipated to drive the expansion of Artificial Intelligence (AI) within the computer vision market. This technology is applied in the agricultural industry for plant spotting, crop watching, and automated weeding, while in the retail sector, it facilitates self-checkout and people tracking. Furthermore, it is employed in manufacturing for self-driving capabilities and robotics. The rising requirement for these technologies, particularly in industries like manufacturing, fosters the growth of AI in the computer vision market as they aid in object identification which enables broader recognition and categorization. As an example, the International Federation of Robotics, a professional non-profit organization based in Germany, reported that the sales of service robots for professional usage surpassed 158,000 units in 2022, reflecting a 48% surge. Faced with staffing shortages, companies are progressively adopting automation. Hence, the escalating demand for computer vision technologies across diverse business sectors is propelling the AI in the computer vision market.
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Which Emerging Trends Are Transforming the AI in Computer Vision Market in 2025?
Leading corporations in the AI in the computer vision sector are turning their attention towards creating technological advances like real-time analytics, designed to provide instant alerts for irregularities. This is a method where data is analyzed the moment it is produced, enabling instant understanding and decision-making. As an example, Assert AI - a software development enterprise based in India, launched Pratham in February 2024. This product aims to simplify video analytics for users from an array of industries. The novel no-code computer vision platform gives users the freedom to scrutinize video feeds without needing to code. The platform is multifunctional, supporting footfall tracking, production line observation, and identifying abnormalities. There is room for users to customize their analytics preferences and get instant alerts for any irregularities. The platform's easy-to-use interface empowers various sectors to make decisions based on data.
What Are the Key Segments in the AI in Computer Vision Market?
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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Who Are the Key Players Shaping the AI in Computer Vision Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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
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