Artificial Intelligence (AI) in Computer Vision Market Size, Share, Growth Analysis, By Component, Function(Training, Interference), Machine Learning Models, Application(2D Machine Vision, 3D Machine Vision, QA & inspection, Non-industrial), End Use Industry, and Region - Industry Forecast 2024-2031

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)', 'IBM Corporation (US)', 'Intel Corporation (US)', 'Google LLC (US) ', 'Amazon Web Services, Inc. (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.