Press release
AI in Computer Vision Market Exclusive Report with Detailed Study Analysis
According to the latest research by InsightAce Analytic, the AI in Computer Vision Market Size is valued at USD 19.0 Bn in 2024 and is predicted to reach USD 172.6 Bn by the year 2034 at a 24.8% CAGR during the forecast period for 2025-2034.
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Artificial intelligence (AI) in computer vision enables systems and devices to extract actionable insights from digital images, video streams, and other visual data sources, thereby supporting intelligent decision-making and automated operations. Contemporary computer vision solutions are underpinned by advanced AI and neural network architectures that facilitate the efficient analysis of large volumes of structured and unstructured visual data. These capabilities allow AI-driven systems to detect complex patterns, objects, and relationships within visual content with a high degree of accuracy.
The convergence of AI with high-resolution imaging technologies and Internet of Things (IoT) ecosystems further enhances real-time data processing, monitoring, and operational efficiency. In addition, growing investments in AI research and development, alongside the increasing emphasis on data-driven intelligence, are accelerating the adoption of AI-powered computer vision solutions across a wide range of industries.
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
Market Dynamics:
Drivers-
The increasing adoption of AI in computer vision is largely driven by the growing need for automation across a wide range of industries. Automation enables the execution of tasks and processes with minimal human involvement through advanced software, hardware, and intelligent systems. AI-powered computer vision solutions improve operational efficiency and productivity by allowing machines to analyze, interpret, and respond to visual data, thereby reducing reliance on manual processes and enhancing overall workflow accuracy.
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Challenges:
One of the primary challenges limiting the widespread deployment of AI-based computer vision technologies is the high cost of implementation. These solutions often require advanced computing hardware, complex software platforms, and highly skilled technical professionals, resulting in significant capital expenditure. Consequently, cost considerations remain a substantial barrier, particularly for small and medium-sized enterprises.
Regional Trends:
The Asia-Pacific region is anticipated to capture a substantial share of the AI in computer vision market and is expected to register strong compound annual growth in the coming years. Market expansion is supported by increasing demand for automation, significant investments in research and development, and proactive government initiatives promoting digital transformation. Furthermore, rapid advancements in healthcare technologies, including the adoption of AI-enabled diagnostic and clinical decision-support systems, are further contributing to the region's market growth.
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.
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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
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.
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