Computer vision is a branch of artificial intelligence that teaches computers how to analyze and comprehend images. Systems can recognize and categorize entities using digital images from cameras and webcams, as well as deep neural network models, and respond to what they detect.
AI in Computer Vision Market Report Scope and Research Methodology:
Demand projections, market trends, and micro and macro variables are all covered in depth in this research. The factors that are driving and restricting the AI in Computer Vision market's growth are also provided in the report. The SMR Matrix provides existing and new market participants with information on potential investment opportunities. The research uses analytical methodologies such as Porter's five forces analysis and PESTLE of the AI in Computer Vision market to provide market insights. In addition, the research examines current market trends as well as forecasts for the years 2022-2029. The analysis also includes key upcoming developments that are expected to influence demand over the projected period. The bottom-up approach was used to estimate to AI in Computer Vision market size.
AI in Computer Vision Market Overview:
The report provides the analysis of the AI in Computer Vision market in depth with a focus on market dynamics, competitive scenario, regional growth, segment-wise analysis, and important growth strategies. The market has been segmented into region. The analysis covers a wide range of industry verticals as well as a thorough examination of the AI in Computer Vision market size and share.
AI in Computer Vision Market size was valued at US$ 15.4 Billion in 2020 and the total AI in Computer Vision revenue is expected to grow at 24.6% through 2021 to 2027, reaching nearly US$ 71.8 Billion.
Key Players:
The market's leading players are embracing various growth strategies, such as partnerships and strategic alliances, as well as new product launches, to increase their presence in emerging markets and, ultimately, to broaden their customer base.
Robotic Vision Technologies (US)
AMP Robotics (US)
Zivid (Norway)
Inspekto (UK)
Creative Virtual (UK)
Trivision (Denmark)
AWS (US)
Xilinx (US)
Google (US)
Facebook (US)
Basler (Germany)
Hailo (US)
GROQ (US)
CEVA, Inc. (US)
AMD (US)
Graphcore (UK)
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AI in Computer Vision Market Dynamics:
The primary driver of the AI in computer vision market is the need for standard inspection and automation. Industrial businesses all over the world are planning to increase their automation investments in the post-COVID-19 timeframe because it reduces the need for human involvement in various processes. Furthermore, as industry participants recognized the importance of automated quality control in manufacturing processes, demand for it has increased. As a result, intelligence-based computer vision systems are now widely recognized as an essential component of long-term automated processes. The use of computer vision in automated manufacturing operations aids in the rapid identification of issues, the reduction of costs, and the improvement of reaction times.
AI in Computer Vision Market Regional Analysis:
Thanks to the geographical insights in the reports, readers will be well-informed on the AI in Computer Vision market on a regional level. A detailed awareness of local energy, economic, political, and geographic factors is required for any meaningful assessment of potential policy options in response to market change. The study provides readers with regional perspectives on AI in Computer Vision market and local growth potential, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
AI in Computer Vision Market Segmentation:
During the forecast period, the consumer electronics segment is expected to grow at a CAGR of 10.3%.
The market for AI in computer vision is booming due to rising demand for AI-based computer vision applications in consumer devices such as smartphones, PCs, and laptops. Universal health care, on the other hand, is expected to grow the fastest over the forecast period, as AI-based computer vision devices become more important in products such as radiology and diagnostic imaging.
AI in Computer Vision Market Key Competitors:
North America AI in computer vision market is expected to grow at a CAGR of 6.5% during the forecast period. This increase is due to favorable government policies aimed at encouraging the use of computer vision in the province. The AI and computer vision revolution has brought AI and computer vision to public health departments for practical testing and implementation.
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Key Questions answered in the AI in Computer Vision Market Report are:
- What are the current trends that may negatively impact the AI in Computer Vision market?
- How will the major segments of this international AI in Computer Vision market develop over the next few years?
- Who are the major players that are expected to dominate the AI in Computer Vision market in the future?
- What is the growth forecast for AI in Computer Vision market?
- Which region is expected to hold the largest AI in Computer Vision market share?
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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