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Global AI in Computer Vision Market: By Component: Hardware, Software; By End User: Automotive, Sports and Entertainment, Robotics and Machine Vision, Healthcare, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global AI in Computer Vision Market Outlook

The global AI in computer vision market is expected to grow at a CAGR of 41% in the forecast period of 2022-2027 to reach a value of more than USD 68 billion by 2027.

 

Rising Global Investments in the AI in Computer Vision Technology to Propel the Market Growth

As a result of advancing technology, countries all around the world are rapidly investing in AI and computer vision technologies, which is a prime factor stimulating the market growth. The United States is a technologically advanced country and companies are investing heavily in artificial intelligence and deep learning. Leading companies like Microsoft, Apple, and Google, among others, are pouring in hefty amounts of money in their research and development (R&D) to build human-like machines, which can comprehend their environment and analyse the data through images and videos they see. This is positively influencing the market growth of AI in computer vision technology in North America.

 

Global AI in Computer Vision Market

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Apart from this, China is also expected to emerge as an AI leader in the market with its shifting focus from being a global manufacturing hub to a high-tech country, thereby promoting the market growth. Globally, countries like France, Israel, the UK, Canada, Germany, Japan, and South Korea also have strong AI strategic strength and are pushing to become more AI-friendly and use the technology to their advantage. Hence, these are some of the factors contributing to the overall growth of the market.

 

AI in Computer Vision: Market Segmentation

Computer vision refers to the deep neural networks that are developed to make human-like vision capabilities possible for applications. Through artificial intelligence, software systems are designed in such a way that the application is able to perceive the world visually, through cameras, images, and videos, and take action or make any recommendation on the basis of that information.

The market, based on component, comprises of:

  • Hardware
  • Software

Based on  end user, the market can be  divided into:

  • Automotive
  • Sports and Entertainment
  • Robotics and Machine Vision
  • Healthcare
  • Security and Surveillance
  • Agriculture
  • Others

The regional markets can be classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Applications of Computer Vision Technology is Augmenting the Market Growth

Computer vision, enabled through the help of artificial intelligence and deep learning, helps in acquiring an image, processing it, and interpreting it. This feature provides a lot of functional value across industries, such as security and surveillance, sports, and healthcare, among others, and is thus driving the market growth. Facial recognition and biometric recognition are gaining massive importance in consumer electronic devices, such as smartphones, tablets, and laptops, among others, to avoid data breaches. Additionally, owing to rising cases of cyber threats, these security features are deployed to safeguard high security zones, such as private and government offices, and data centres to safeguard confidential and sensitive information. This is thus, invigorating the market growth.

Apart from this, computer vision enables facial recognition in security applications, makes automatic checkout possible at modern retail stores, helps in spotting defects in manufacturing, is applicable for detecting signs of diseases, and aids in guiding travelling passengers on an airport, among many other benefits. Additionally, object detection enables to identify a specific object in an image, such as a defensive player on an entire football field, thereby maintaining decorum and providing impetus to the market.  Moreover, the market growth can further be associated with surging investments in R&D along with the rising demand for AI in numerous applications in the coming years.

 

Key Industry Players in the Global AI in Computer Vision Market

The report presents a detailed analysis of the following key players in the global AI in computer vision market looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • NVIDIA
  • Intel
  • Qualcomm Incorporated
  • Apple Inc.
  • Microsoft Corporation
  • Xilinx, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, End User, Region
Breakup by Component Hardware, Software
Breakup by End User Automotive, Sports and Entertainment, Robotics and Machine Vision, Healthcare, Security and Surveillance, Agriculture, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered NVIDIA, Intel, Qualcomm Incorporated, Apple Inc., Microsoft Corporation, Xilinx, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global AI in Computer Vision Market Analysis

    8.1    Key Industry Highlights
    8.2    Global AI in Computer Vision Historical Market (2017-2021) 
    8.3    Global AI in Computer Vision Market Forecast (2022-2027)
    8.4    Global AI in Computer Vision Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global AI in Computer Vision Market by End User
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Sports and Entertainment
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Robotics and Machine Vision
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Healthcare
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Security and Surveillance
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Agriculture
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others
    8.6    Global AI in Computer Vision Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    NVIDIA
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Intel
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Qualcomm Incorporated
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Apple Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Microsoft Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Xilinx, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global AI in Computer Vision Market: Key Industry Highlights, 2016 and 2026
2.    Global AI in Computer Vision Historical Market: Breakup by Component (USD Billion), 2017-2021
3.    Global AI in Computer Vision Market Forecast: Breakup by Component (USD Billion), 2022-2027
4.    Global AI in Computer Vision Historical Market: Breakup by End-User (USD Billion), 2017-2021
5.    Global AI in Computer Vision Market Forecast: Breakup by End-User (USD Billion), 2022-2027
6.    Global AI in Computer Vision Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global AI in Computer Vision Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America AI in Computer Vision Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America AI in Computer Vision Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe AI in Computer Vision Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe AI in Computer Vision Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific AI in Computer Vision Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific AI in Computer Vision Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America AI in Computer Vision Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America AI in Computer Vision Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa AI in Computer Vision Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa AI in Computer Vision Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global AI in Computer Vision Market Structure

Key Questions Answered in the Report

The global AI in computer vision market is projected to grow at a CAGR of 41% in the forecast period of 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach more than USD 68 billion by 2027.

The major drivers of the industry include greater functional value of AI like image segmentation, object identification, pattern detection, and feature matching, among others, in addition to the rising implementation across industries.

Combating cyber threats with more technologically advanced security and convenience of comprehending pool of data is boosting the market.

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different components of AI in computer vision include hardware and software.

The major end users of AI in computer vision include automotive, sports and entertainment, robotics and machine vision, healthcare, security and surveillance, and agriculture, among others.

The leading players in the market are NVIDIA, Intel, Qualcomm Incorporated, Apple Inc., Microsoft Corporation, and Xilinx, Inc., among others.

Analyst Review

The global AI in computer vision market is driven by the penetration of technology across industries. Aided by the rising investments in R&D,  the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 41%. The market is projected to reach more than USD 68 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its component, the market can be segmented into hardware and software. Based on end users, the market can be divided  into automotive, sports and entertainment, robotics and machine vision, healthcare, security and surveillance, and agriculture, among others. The major regional markets for AI in computer vision are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include NVIDIA, Intel, Qualcomm Incorporated, Apple Inc., Microsoft Corporation, and Xilinx, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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