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

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). 

In computer vision, artificial intelligence (AI) has become an essential element in the predictive maintenance system, applying CCTV and deep machine learning algorithms in an accurate identification of faults on several systems. Such technology’s importance is highlighted by its extensive application in different industries ranging from consumer products to medical and industrial sector. Following the introduction of image sensors, smart cameras and the deep learning algorithms, the computer vision system is increasing its popularity and the uptake in various industrial domains is driving market growth and innovation. The utility of computer vision is so far beyond traditional industries because of having fields like consumer drones or autonomous vehicles. Its capability to treat information by visual means in real-time has enabled its application in industries like education, robotics, retail, and security & surveillance. Facial recognition and biometric scanning, which are powered by computer vision, mainly cover asset and identity protection areas, and are widely used in smartphones and high-security places like bank vaults and research laboratories. 

Collaborations and partnerships end up bringing us to the point where we see the fostering of adoption of AI in computer vision. For instance, in August 2022, TachyHealth, Inc., Dubai-based, integrated with medical re-fill in order to provide technological solutions such as computer vision and artificial intelligence which will help to enhance remote medical consultations and hospital operations. This type of collaboration puts to the test the rising level of symbiosis between AI technology vendors and industrial experts who help to increase efficiency in various industries. The global road toll of traffic accidents points out the necessity for advanced safety standards as fully autonomous AI-powered driving is emerging as a probable solution. It is estimated that more than one million of those tragic deaths each year are attributed to road accidents, requiring the main safety improvement. Vulnerable road users who are read as cyclists and pedestrians commonly face the verge of human errors this attributes AI in preventing accidents by employing the optimum detection and decision making.