Global Computer Vision Technologies Market, By Component (Software and Hardware), Application (Face Recognition, Gesture Recognition, Character Recognition and Others), End-User (Industrial and Non-Industrial), Product (PC-Based Computer Vision System and Smart Camera-Based Computer Vision System) Deployment (General and Robotic cell), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Computer Vision Technologies Market
Data Bridge Market Research analyses the computer vision technologies market will exhibit a CAGR of 8.3% for the forecast period of 2022-2029 and would likely to reach an estimated value of 24.22 billion in the end of forecast period of 2022-2029.
Computer vision technology is a branch of machine learning and artificial intelligence that aims to understand the content of digital images. Computer vision technology is extremely useful and has been adopted by a wide range of industrial sectors, including manufacturing, healthcare, defence, and security. This market is still in its early stages, but due to the benefits associated with the technology, it is expected to have a massive opportunity in the future. Deep learning, neural networks, machine learning, and other fields all use computer vision in collaboration. Other applications include gesture analysis, image restoration, facial recognition, and others.
Computer vision technology is becoming increasingly popular in the manufacturing industry due to its cost effectiveness. Manufacturers can use computer vision to deploy predictive maintenance for off-site inspections of pipelines, rigs, plants, and fields. Product quality and packaging can also be monitored using computer vision, and defective products can be reduced in manufacturing units as a result of this step; these are the factors driving the growth of the global computer vision technologies market.
The healthcare sector in India is expanding at an exponential rate as a result of increased government initiatives. Many organisations can increase productivity and efficiency while also ensuring data security with the help of computer vision. Furthermore, the solutions have been shown to be reliable and to improve scalability; these factors provide the market with more opportunities.
However, on the other hand, factors such as the existence of diverse and selective end-user requirements, as well as the low penetration of computer vision in certain industries, may prevent the market from expanding rapidly.
This global computer vision technologies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on computer vision technologies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Computer Vision Technologies Market Scope and Market Size
Computer vision technologies market is segmented on the basis of component, application, end-user, deployment and product. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Global computer vision technologies market on the basis of component has been segmented into software and hardware.
- Based on application, the computer vision technologies market is segmented into face recognition, gesture recognition, character recognition, and others.
- On the basis of end-user, the computer vision technologies market is segmented into industrial and non-industrial. Industrial is sub-segmented into agriculture, automotive, healthcare, entertainment, consumer electronics, transportation, and others.
- On the basis of deployment, the computer vision technologies market is segmented into general and robotic cell.
- Based on product, the computer vision technologies market is divided into PC-based computer vision systems and smart cameras-based computer vision systems.
Computer Vision Technologies Market Country Level Analysis
The global computer vision technologies market is analysed and market size, volume information is provided by country, component, application, end-user, deployment and product as referenced above.
The countries covered in the global computer vision technologies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the computer vision technologies market, owing to the widespread adoption of machine/computer vision in various industries, particularly manufacturing and automotive. Because of the rising demand for advancement in medical care services in the Asia-Pacific market, the Asia-Pacific market is expected to develop as the fastest-growing regional market over the forecast period. The healthcare industry's ongoing use of computer vision for accurate and quick medical reports, radiology, and measuring blood loss during surgeries, particularly C-section procedures, is driving the computer vision market in Asia-Pacific.
The country section of the global computer vision technologies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Computer Vision Technologies Market Share Analysis
The global computer vision technologies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to computer vision technologies market.
Some of the major players operating in the global computer vision technologies market report are Intel Corporation, KEYENCE Corporation, Microsoft, Nvidia Corporation, Sony Corporation, Autoliv Inc., Cognex Corporation, NATIONAL INSTRUMENTS CORP., Basler AG, ISRA VISION AG, Cadence Design System, Inc., Baumer, MediaTek Inc., Zebra Technologies Corp, MVTec Software GmbH, Synopsis, Inc., OMRON Corporation, Teledyne Technologies Incorporated., Dataiku, Cortexica Vision and DENSO CORPORATION among other.
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