Market Highlights
The intensification of artificial intelligence is primarily attributed to its versatility that leads to its application in a wide range of applications. According to estimates released by MRFR, the AI in computer vision market is anticipated to make earnings totaling USD 27 billion while evolving at a 45% CAGR in the forecast period. The popularity of computer vision has led to its successful integration with artificial intelligence.
The mounting demand for computer vision in applications such as autonomous cars, robotics among others is anticipated to broaden the scope of application of the market. The improved computing capabilities of processors is expected to give an additional thrust to the development of the product types in the AI in computer vision market. Besides, the advances in AI and machine learning technologies is projected to transform the market’s growth in the forecast period.
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Regional Analysis:
The region-wise analysis of the AI in computer vision market consists of Asia Pacific, Europe, North America and the rest of the world. The North American region is a prominent player in the computer vision market globally, with the most noteworthy contribution coming from countries such as the U.S. The region is anticipated to uphold its position throughout the forecast period. The factor motivating the AI in computer vision market in the North American region is the growing demand from the gaming industry and the dedicated presence of global IT leaders.
The Asia Pacific region is primed to be the show substantial growth in the AI in computer vision market and is projected to surge forward in the duration of the forecast period. The enhanced growth of the regional economy and the rise of start-ups has fortified a strong demand for AI in computer vision products. The nations with increasing disposable incomes such as Japan, China and India are responsible for the most important share of the Asia Pacific region. Furthermore, the growth of the region is being motivated by factors such as evolving AI talent to inspire the application of computer vision technology in the domestic market and the growing demand from the end-user segments.
Major Key players
· Qualcomm Technologies, Inc. (US)
· Google LLC (US)
· Allied Vision Technologies GmbH (Germany)
· Basler AG (Germany)
· NVIDIA Corporation (US)
· Facebook (US)
· Microsoft Corporation (US)
· Intel Corporation (US)
· Apple Inc. (US)
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LIST OF TABLES
Table1 Global AI In Computer Vision Market, By Country, 2018–2023
Table2 North America: AI In Computer Vision Market, By Country, 2018–2023
Table3 Europe: AI In Computer Vision Market, By Country, 2018–2023
Table4 Asia-Pacific: AI In Computer Vision Market, By Country, 2018–2023
Table5 North America: AI In Computer Vision Market, By Country
Table6 North America: AI In Computer Vision Market, By Component
Table7 North America: AI In Computer Vision Market, By Vertical
Table8 Europe: AI In Computer Vision Market, By Country
Table9 Europe: AI In Computer Vision Market, By Component
Table10 Europe: AI In Computer Vision Market, By Vertical
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