[185 Pages Report] The Artificial Intelligence in Computer Vision Market size was estimated at USD 10.21 billion in 2023 and expected to reach USD 12.56 billion in 2024, at a CAGR 24.02% to reach USD 46.10 billion by 2030.
The AI in computer vision encompasses developing, integrating, and applying artificial intelligence (AI) algorithms to process, analyze, and interpret images and videos for various end-use industries. This market involves software and hardware components that facilitate AI-driven functionalities such as object recognition, image segmentation, motion detection, and video analytics. The increasing use of object detection in autonomous driving to detect and localize other vehicles, pedestrians, and obstacles on the road is driving the AI in the computer vision market. Furthermore, increasing fraudulent activities in the banking and government sectors is growing the need for AI in computer vision to detect fraud. However, the lack of knowledge, trained professionals, and high costs associated with AI in computer vision limit the adoption. Market players are focusing on training professionals and investing to overcome these issues. Rising government initiatives and the adoption of advanced machine learning and augmented reality are creating lucrative opportunities for market growth.
Regional Insights
In the Americas, computer vision technology is widely adopted across different industries, such as retail, healthcare, and automotive. Major tech companies have invested heavily in research and development to create innovative solutions as computer vision carries out repetitive and monotonous tasks faster, simplifying the work for humans. Canada is emerging as a leading hub for artificial intelligence research, with several universities and research centers focusing on computer vision technology. The Canadian government has also prioritized AI investment by allocating funds for innovation and talent development. In the European Union (EU), multiple countries are contributing to the growth of computer vision applications. Several initiatives were established by the European Commission to foster collaboration among European researchers. EU countries, including France, the United Kingdom, and Germany, have invested significantly in computer vision start-ups. The Middle East region is witnessing rapid adoption of AI technologies driven by the government’s efforts. Furthermore, in Africa, there is growing interest in applying computer vision to address pressing social issues such as agriculture optimization and wildlife conservation. Several African-based start-ups are leveraging AI-based image recognition tools for crop disease detection and anti-poaching efforts. In APAC countries, including China and Japan, demand is driven by extensive industrial applications of computer vision technology. Moreover, India is emerging as an AI hub with numerous start-ups focusing on computer vision solutions for various sectors, including agriculture, security, and healthcare and has initiated a National Program on AI to foster innovation.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Artificial Intelligence in Computer Vision Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Artificial Intelligence in Computer Vision Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Artificial Intelligence in Computer Vision Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Advanced Micro Devices, Inc., Amazon.com Inc., Apple Inc., Arm Limited, Basler AG, Clarifai, Inc., Cognex Corporation, Dataiku, Fujitsu Limited, General Electric Company, Google LLC by Alphabet Inc., Groq, Inc., Hailo Technologies Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, Landing AI, LXT, Meta Platforms, Inc., Microsoft Corporation, NetApp, Inc., Nvidia Corporation, Oracle Corporation, Qualcomm Technologies, Inc., Raydiant, Inc., Samsung Electronics Co. Ltd., TechSee Augmented Vision Ltd., Unity Technologies, Wovenware, Inc., and XenonStack Pvt. Ltd..
Market Segmentation & Coverage
This research report categorizes the Artificial Intelligence in Computer Vision Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Hardware
- Memory
- Network
- Processors
- Application-Specific Integrated Circuit
- Central Processing Unit
- Field Programmable Gate Arrays
- Graphics Processing Unit
- Vision Processing Unit
- Services
- Software
- Hardware
- Processes
- Inference
- Training
- End-User Industry
- Agriculture
- Automated Irrigation System
- Crop Monitoring
- Automotive
- ADAS & Infotainment
- Autonomous & Semi-Autonomous Vehicles
- Consumer
- Cameras
- Gaming
- Smart Phones
- Wearables
- Healthcare
- Medical Adherence
- Radiology
- Robotics & Machine Vision
- Positioning & Guidance
- Quality Assurance & Inspection
- Security & Surveillance
- AI-Guided Drone-Based Surveillance
- Biometrics
- Image & Video Analytics
- Sports & Entertainment
- Ball Tracking & Player Tracking
- Commercial Insertion
- Virtual Reality/Augmented Reality
- Agriculture
- Application
- Industrial
- Non-industrial
- Deployment
- On-Cloud
- On-Premises
- Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Artificial Intelligence in Computer Vision Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Artificial Intelligence in Computer Vision Market?
- What are the technology trends and regulatory frameworks in the Artificial Intelligence in Computer Vision Market?
- What is the market share of the leading vendors in the Artificial Intelligence in Computer Vision Market?
- Which modes and strategic moves are suitable for entering the Artificial Intelligence in Computer Vision Market?
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