Press release
AI in Computer Vision Market Role of AI-Enabled Object Tracking and Classification Across Multiple Industries
AI in Computer Vision Market
According to the latest research by InsightAce Analytic, the AI in Computer Vision Market is valued at USD 19.0 Bn in 2024, and it is expected to reach USD 172.6 Bn by the year 2034 , with a CAGR of 24.8% during the forecast period of 2025-2034.
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Artificial Intelligence (AI) in computer vision enables systems to derive actionable insights from visual data, substantially enhancing their ability to interpret images, video streams, and other sensory inputs. The integration of AI with neural network technologies is central to these advancements, allowing sophisticated algorithms to efficiently process and analyze large volumes of both structured and unstructured visual information. This facilitates precise identification of patterns, features, and correlations across diverse datasets.
Moreover, the convergence of AI with advanced imaging technologies and Internet of Things (IoT) platforms supports real-time, comprehensive data analysis, enabling more informed and timely decision-making. This integration is driving innovation and operational efficiency across multiple industries. The AI-powered computer vision market is experiencing significant growth, fueled by increasing investments in AI research and development and a strategic focus on leveraging data-driven insights. As a result, AI-enabled computer vision is becoming an essential component of contemporary digital 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
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Market Dynamics
Drivers:
The growth of the artificial intelligence (AI) in computer vision market is being driven by the expanding adoption of automation across diverse industry sectors. Automation solutions, designed to execute tasks with minimal human intervention, are critical for enhancing operational efficiency and productivity.
AI-powered computer vision systems play a central role in this transition by enabling sophisticated analysis of visual data and facilitating autonomous decision-making. As organizations increasingly seek to optimize workflows and reduce reliance on manual processes, the deployment of AI-integrated computer vision technologies is gaining traction, acting as a key catalyst for market expansion.
Challenges:
Despite strong growth prospects, the high costs associated with developing and implementing AI-based computer vision solutions remain a major barrier to adoption. Deployment often necessitates significant investment in specialized hardware, advanced software platforms, and skilled personnel.
For small and medium-sized enterprises (SMEs), expenses related to software licensing, high-performance computing infrastructure, and ongoing system maintenance can be prohibitive. Additionally, the requirement for employee training and upskilling to effectively support AI integration further increases the financial and operational burden, particularly for organizations with limited technological resources.
Regional Trends:
The Asia-Pacific region is expected to account for a substantial share of the global AI in computer vision market, driven by robust research and development investment, accelerated automation adoption, and expanding use cases in sectors such as healthcare and manufacturing. In contrast, Europe maintains a strong market presence, supported by continuous technological advancements and favorable government initiatives. The region's energy and industrial sectors are increasingly adopting AI solutions, fueled by supportive regulatory frameworks and strategic initiatives focused on operational modernization and efficiency enhancement.
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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 : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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