Press Release / Technology / AI in Computer Vision Market Trends, Share, Development Policies and Future Growth 2023

AI in Computer Vision Market Trends, Share, Development Policies and Future Growth 2023

The report on the global AI In Computer Vision market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

Computer vision is a division of AI (artificial intelligence) technology which has already entered people’s businesses and lives in different ways which the majority is not yet aware of. Industrial productions, law enforcement, consumer offerings and social media platforms are a few of the ways through which computer vision is augmenting the quality of people’s life. All this has largely popularized the AI in computer vision market which is expected to make an earning of USD 27 billion at 45% CAGR over the forecast period (2017-2023). Typically, computer vision is the scientific discipline to offer machines that ability of site or enabling machines in more colorfully to analyze their environment along with the stimuli within them visually. This process includes the evaluation of a video or image.

During the assessment period the AI in computer vision market is likely to experience a new momentum. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing demand for computer vision applications such as robotics and autonomous cars, the processors improved computing capabilities, growing demand for mobile edge computing, rising adoption of AI in different business verticals, image and video analysis applications and use of electronic gadgets with augmented and virtual reality equipment. However, there are two key restraints for the AI in computer vision market namely lack of technical knowledge and lack of awareness.

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Major Key Players

Qualcomm Technologies, Inc. (US),
Google LLC (US),
Allied Vision Technologies GmbH (Germany),
Basler AG (Germany),
NVIDIA Corporation (US),
Facebook (US),
Microsoft Corporation (US),
Intel Corporation (US),
Apple Inc. (US),
COGNEX Corporation (US)
The AI In Computer Vision Market report made available by Market Research Future (MRFR) observes that the market is projected to earn USD 27 billion while developing at a 45% CAGR in the forecast period from 2017 to 2023.

Industry/Recent News Updates

Dec 2018- Researchers at UCLA Samueli School of Engineering and Stanford have introduced a computer system which will be capable of discovering and identifying the real-world objects that it views based on that same technique that humans use for visual learning.

Nov 2018- Hyundai Motors recently declared about their planned investment in allegro.ai, which is a renowned technology company that specializes in DL (deep learning)-based computer vision. The objective of this partnership is in speeding up the AI technologies’ deployment in different business areas and offer customers with safer driving experience. This technology can be used in autonomous driving systems for improving real-time decision making and road navigation.

Segmental Analysis

The segmentation of the AI in computer vision market globally is segmented into on the basis of components and vertical. On the basis of component, the market is divided into hardware and software. The hardware segment of the market is further segmented into memory, network, processor, and others. The processor segment is sub-segmented into GPU, CPU, and FGPA. The others segment of the market comprises of ASICs, smart cameras, and microcontroller boards. The hardware segment is anticipated to develop with maximum CAGR while the software segment is anticipated to control the component segment. Based on verticals, the AI in computer vision market is segmented into healthcare, security, automotive, agriculture, sports & entertainment, and others. The automotive segment is projected to develop with uppermost CAGR while the sports and entertainment segment is anticipated to control the component segment. The regions in the AI in computer vision market are Asia Pacific, Europe, North America and the rest of the world.

Detailed Regional Analysis

The region-wise analysis of the AI in computer vision market consists of Asia Pacific, Europe, North America and the rest of the world. The North American region is a prominent player in the computer vision market globally, with the most noteworthy contribution coming from countries such as the U.S. The region is anticipated to uphold its position throughout the forecast period. The factor motivating the AI in computer vision market in the North American region is the growing demand from the gaming industry and the dedicated presence of global IT leaders. The Asia Pacific region is primed to be the show substantial growth in the AI in computer vision market and is projected to surge forward in the duration of the forecast period. The enhanced growth of the regional economy and the rise of start-ups has fortified a strong demand for AI in computer vision products. The nations with increasing disposable incomes such as Japan, China and India are responsible for the most important share of the Asia Pacific region. Furthermore, the growth of the region is being motivated by factors such as evolving AI talent to inspire the application of computer vision technology in the domestic market and the growing demand from the end-user segments.

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LIST OF TABLES

Table 1 Global AI in Computer Vision Market, by Country, 2018–2023

Table 2 North America: AI in Computer Vision Market, by Country, 2018–2023

Table 3 Europe: AI in Computer Vision Market, by Country, 2018–2023

Table 4 Asia-Pacific: AI in Computer Vision Market, by Country, 2018–2023

Table 5 North America: AI in Computer Vision Market, by Country

Table 6 North America: AI in Computer Vision Market, by Component

Table 7 North America: AI in Computer Vision Market, by Vertical

Table 8 Europe: AI in Computer Vision Market, by Country

Table 9 Europe: AI in Computer Vision Market, by Component

Table 10 Europe: AI in Computer Vision Market, by Vertical

Continued……

LIST OF FIGURES

FIGURE 1 Global AI in Computer Vision Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global AI in Computer Vision Market

FIGURE 4 Value Chain of Global AI in Computer Vision Market

FIGURE 5 Share of AI in Computer Vision Market in 2018, by country (in %)

FIGURE 6 Global AI in Computer Vision Market, 2018–2023

FIGURE 7 Global AI in Computer Vision Market Size by Component, 2018–2023

Continued……

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