What is the global market size of AI in Computer Vision Market?

Global AI in computer vision Market size was valued at USD 12.03 Billion in 2022 and is poised to grow from USD 12.88 Billion in 2023 to USD 22.30 Billion by 2031, at a CAGR of 7.1% during the forecast period (2024-2031).

Who are the key vendors in the Global AI in Computer Vision Market?

The AI in computer vision market is characterized by a diverse range of companies offering innovative solutions and technologies. Numerous players, both established and emerging, are actively participating in this market, driving competition and fostering advancements. These companies strive to differentiate themselves by focusing on research and development, strategic partnerships, and technological advancements. Additionally, market players aim to expand their market presence by targeting specific industries and addressing unique customer needs. The competitive landscape remains dynamic, with companies constantly striving to gain a competitive edge and capture a larger market share. 'Microsoft Corporation (US)', 'Google LLC (US)', 'IBM Corporation (US)', 'Amazon Web Services, Inc. (US)', 'Intel Corporation (US)', 'NVIDIA Corporation (US)', 'Apple Inc. (US)', 'Facebook, Inc. (US)', 'Qualcomm Incorporated (US)', 'Baidu, Inc. (China)', 'Alibaba Group Holding Limited (China)', 'Tencent Holdings Limited (China)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Sony Corporation (Japan)', 'Huawei Technologies Co., Ltd. (China)', 'SenseTime Group Ltd. (China)', 'Cognex Corporation (US)', 'Honeywell International Inc. (US)', 'Texas Instruments Incorporated (US)', 'NEC Corporation (Japan)'

What is the key driver of Global AI in Computer Vision Market?

One significant driver propelling the growth of the AI in computer vision market is the increasing demand for automation and enhanced efficiency across various industries. Organizations are seeking computer vision solutions to automate processes, streamline operations, and improve productivity. The ability of AI-powered computer vision systems to analyze vast amounts of visual data in real-time, detect patterns, and make accurate decisions is revolutionizing industries such as manufacturing, healthcare, retail, and security. This growing need for automation and operational optimization is a key driver fueling the adoption of AI in computer vision technology.

What is the key market trend for Global AI in Computer Vision Market?

One key trend in the AI in computer vision market is the increasing adoption of edge computing for real-time processing and analysis of visual data. Edge computing allows for the processing and interpretation of data closer to the source, reducing latency and improving response times. This trend is driven by the need for fast and efficient computer vision applications in areas with limited connectivity or where real-time decision-making is critical. By leveraging edge computing, organizations can achieve faster insights, enhanced privacy, and reduced dependence on cloud infrastructure, leading to improved overall system performance.

Which region accounted for the largest share in Global AI in Computer Vision Market?

North America region dominated the market due to the presence of major tech companies, research institutions, and a highly developed infrastructure. The United States, in particular, leads the market in North America, driven by its advanced capabilities in AI research and development. The country is home to leading technology companies like Google, Microsoft, and IBM, which are actively investing in computer vision technology. Additionally, North America has a strong presence of industries such as healthcare, retail, and automotive, which are leveraging computer vision solutions for various applications.

Artificial Intelligence (AI) in Computer Vision Market Size, Share, Growth Analysis, By Component(Hardware (Processor (CPU, GPU, ASIC, FPGA)), By Function(Training, and Interference), By Machine Learning Models(Supervised Learning, Unsupervised Learning, Reinforcement Learning), By Application(Industrial (2D Machine Vision, 3D Machine Vision, Quality Assurance & Inspection), Non-industrial), By End-Use Industry(Automotive (ADAS & Infotainment, Autonomous & Semi-autonomous Vehicles), Consumer Electronics (Gaming, Cameras), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45D2063 | Region: Global | Published Date: September, 2024
Pages: 197 | Tables: 164 | Figures: 78

Artificial Intelligence (AI) in Computer Vision Market Competitive Landscape

AI in computer vision Market Top Player’s Company Profiles

Microsoft Corporation (US)
Google LLC (US)
IBM Corporation (US)
Amazon Web Services, Inc. (US)
Intel Corporation (US)
NVIDIA Corporation (US)
Apple Inc. (US)
Facebook, Inc. (US)
Qualcomm Incorporated (US)
Baidu, Inc. (China)
Alibaba Group Holding Limited (China)
Tencent Holdings Limited (China)
Samsung Electronics Co., Ltd. (South Korea)
Sony Corporation (Japan)
Huawei Technologies Co., Ltd. (China)
SenseTime Group Ltd. (China)
Cognex Corporation (US)
Honeywell International Inc. (US)
Texas Instruments Incorporated (US)
NEC Corporation (Japan)

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What is the global market size of Artificial Intelligence (AI) in Computer Vision Market?

Global Artificial Intelligence (AI) in Computer Vision Market size was valued at USD 20.7 billion in 2022 and is poised to grow from USD 25.8 billion in 2023 to USD 148.8 billion by 2031, growing at a CAGR of 24.5% during the forecast period (2024-2031).

Who are the key vendors in the Artificial Intelligence (AI) in Computer Vision Market?

Global Artificial Intelligence (AI) in Computer Vision has tremendous progress, resulting in disruption in numerous sectors such as healthcare and automotive. The major players such as Google, Microsoft, and NVIDIA have advanced the field with their algorithms and frameworks. On the other hand, startups such as Clarifai and SenseTime have also made significant innovations. Launches, innovations, technology advancements, mergers, and acquisitions, collaborations and partnerships are some of the growth strategies that are adopted by these key players to thrive in the competitive market. 'Microsoft Corporation (US) ', 'Google LLC (US) ', 'IBM Corporation (US) ', 'Amazon Web Services, Inc. (US) ', 'Intel Corporation (US) ', 'NVIDIA Corporation (US) ', 'Apple Inc. (US) ', 'Facebook, Inc. (US) ', 'Qualcomm Incorporated (US) ', 'Baidu, Inc. (China) ', 'Alibaba Group Holding Limited (China) ', 'Tencent Holdings Limited (China) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Sony Corporation (Japan) ', 'Huawei Technologies Co., Ltd. (China) ', 'SenseTime Group Ltd. (China) ', 'Cognex Corporation (US) ', 'Honeywell International Inc. (US) ', 'Texas Instruments Incorporated (US) ', 'NEC Corporation (Japan) '

What is the key driver of Artificial Intelligence (AI) in Computer Vision Market?

Rapid advances in AI algorithms, deep learning, and neural networks are exponentially increasing the capabilities of computer vision systems. These technological innovations are enabling accurate and efficient image and video analysis and are driving the adoption of AI in computer vision across a variety of industries.

Which region accounted for the largest share in Artificial Intelligence (AI) in Computer Vision Market?

Asia Pacific region is dominating the market. Important players such as Omron Corp. are expected to contribute to the market and Sony Semiconductor Solutions Corp. presence will drive the growth of the market in this region. Investments in the APAC region is increasing significantly. For example, in February 2022, Amazon Web Services, Inc., a provider of cloud computing platforms, will launch AWS Panorama, a software development kit in Asia-Pacific that powers productivity with computer vision.

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