AI in Computer Vision Market: Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape
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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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)
·
COGNEX
Corporation (US)
Segmentation:
The segmentation of the AI in computer vision market
globally is segmented into on the basis of components and vertical. On
the basis of component, the market is divided into hardware and software. The
hardware segment of the market is further segmented into memory, network,
processor, and others. The processor segment is sub-segmented into GPU, CPU,
and FGPA. The others segment of the market comprises of ASICs, smart cameras,
and microcontroller boards. The hardware segment is anticipated to develop with
maximum CAGR while the software segment is anticipated to control the component
segment.
Based on verticals, the AI in computer vision market is
segmented into healthcare, security, automotive, agriculture, sports &
entertainment, and others. The automotive segment is projected to develop with
uppermost CAGR while the sports and entertainment segment is anticipated to
control the component segment. The regions in the AI in computer vision market are Asia Pacific, Europe, North America
and the rest of the world.
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.
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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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