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 News

  • In May 2024, OpenAI announced GPT-4o, its new flagship model that can reason across audio, vision, and text in real time. GPT-4o is a step towards much more natural human-computer interaction and has the capability to accepts as input any combination of text, audio, image, and video and generates any combination of text, audio, and image outputs. 

  • In February 2024, Assert AI unveiled its no-code computer vision platform Pratham. This platform is patented for its innovative approach to democratizing computer vision and artificial intelligence. With Pratham, users can unlock the potential of Vision AI technology without the need for coding or AI expertise, marking a significant milestone in the field of computer vision technology. 

  • In March 2023, Microsoft Corporation announced a renaissance in computer vision AI with Microsoft’s Florence foundation model. Microsoft’s Florence foundation model is trained with billions of text-image pairs and integrated as cost-effective, production-ready computer vision services in Azure Cognitive Service for Vision. The improved Vision Services enables developers to create cutting-edge, market-ready, responsible computer vision applications across various industries.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global AI in computer vision Market

Report ID: SQMIG45D2063

$5,300
BUY NOW GET FREE SAMPLE