Global AI in computer vision Market

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 2025-2032


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

Artificial Intelligence (AI) in Computer Vision Market Dynamics

AI in computer vision Market Drivers

Technological Advancements Stimulating Innovation in Computer Vision 

  • 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. 

Increasing Demand in Various Applications: Expansion of Infrastructure 

  • The expansion of AI-powered computer vision in applications such as healthcare, automotive, retail, security is a key development from medical imaging to autonomous vehicles. So, the demand for advanced computer vision solutions is increasing, fueling the market growth. 

Restraints 

High Implementation Costs are Economic Barriers to Adoption 

  • High costs associated with implementing AI in computer vision systems can be a major barrier, especially for SMEs. Investments in hardware, software, and skilled personnel are high, which may hinder adoption everywhere. 

Data Privacy and Security Concerns 

  • Collecting and analyzing large amounts of tangible data raises serious privacy and security concerns. Ensuring that data is used ethically and in compliance with strict regulations can be challenging, potentially restraining the growth of Artificial Intelligence (AI)in the computer vision market.
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FAQs

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). 

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) '

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. 

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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Global AI in computer vision Market

Report ID: SQMIG45D2063

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