The Global Computer Vision Market size was valued at USD 17.39 Billion in 2023 and the total Computer Version revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 29.43 Billion by 2030.
Computer Vision Market Overview:
The Computer Vision Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Computer Vision Market, as well as the causes for variances in the industry’s growth in various places
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Computer Vision Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Computer Vision Market Drivers:
Industries such as manufacturing, automotive, and agriculture are increasingly adopting computer vision to automate various tasks. This includes quality control, inspection, and autonomous navigation, leading to improved efficiency and cost savings. With concerns about security and safety on the rise, computer vision is being used for surveillance and security applications. This includes facial recognition, object detection, and anomaly detection, enhancing security measures in public spaces and businesses, which is expected to boost the Computer Vision Market growth. E-commerce platforms use it for recommendation engines and visual search, improving the overall shopping experience. The development of autonomous vehicles heavily relies on computer vision technologies. These systems enable vehicles to perceive and navigate their surroundings, making them a key driver in the automotive industry.
Computer vision is a fundamental component of AR and VR technologies. It enables immersive experiences by tracking and interpreting the user's physical environment and gestures. The integration of computer vision in consumer devices, such as smartphones and smart cameras, has become increasingly common. Features like facial recognition and augmented reality filters have driven consumer demand. Governments around the world are investing in computer vision technologies for various applications, including public safety, transportation, and healthcare, further boosting the Computer Vision Industry growth. The proliferation of data and improved connectivity infrastructure has made it easier to collect, transmit, and process visual data, enabling more robust computer vision applications.
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Computer Vision Market Segmentation:
by Component
Hardware
Software
Service
by Product
PC-based Computer Vision Systems
Smart Cameras-based Computer Vision Systems
by Application
Quality Assurance and Inspection
Positioning and Guidance
Measurement
Identification
Predictive Maintenance
by End-User
Industrial
Non-industrial
Computer Vision Market Key Players: The key players are
North America:
1. NVIDIA Corporation
2. Intel Corporation
3. Microsoft Corporation
4. Amazon Web Services (AWS)
5. IBM Corporation
6. Google LLC
7. Facebook, Inc. (Meta Platforms)
8. Apple Inc.
9. Qualcomm Incorporated
10. Cognex Corporation
11. Xilinx, Inc.
Europe:
12. ARM Limited
13. Graphcore Ltd.
14. Basler AG
15. Bosch Sensortec
16. Dassault Systèmes
17. Thales Group
Asia-Pacific:
18. SenseTime
19. Dahua Technology
20. Hikvision
21. Alibaba Group
22. Samsung Electronics Co., Ltd.
23. Wipro Limited
24. TATA Consultancy Services (TCS)
25. Infosys Limited
Latin America:
26. Embraer SA
Middle East and Africa:
27. Mobileye (now part of Intel Corporation)
28. DarkMatter
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Computer Vision Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Computer Vision Market Report are:
1. Which region is expected to lead the Computer Vision Market during the forecast period?
Ans. North America region is expected to lead the Computer Vision Market during the forecast period.
2. What is the projected market size and growth rate of the Computer Vision Market?
Ans. The Computer Vision Market size was valued at USD 17.39 Billion in 2023 and the total Computer Version revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 29.43 Billion by 2030.
3. What segments are covered in the Computer Vision Market report?
Ans. The segments covered in the Computer Vision Market report are Component, Product, Application, End-User, and Region.
4. What is the study period of the Computer Vision Market?
Ans: The Computer Vision Market will be studied from 2023 to 2030.
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