AI in Computer Market Overviews
AI in Computer Vision Market size was valued at US$ 29.77 Billion in 2023 and the total AI in Computer Vision revenue is expected to grow at 24.6% through 2024 to 2030, reaching nearly US$ 138.84 Billion.
Computer vision is an artificial intelligence discipline that teaches computers to analyze and comprehend images. Systems can properly recognize and categorize entities incorporating digital pictures from cameras and webcams, as well as deep neural network models, and then respond to what they detect.
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AI in Computer Market Scope and Methodology:
The need for standard inspection and automation is the primary driver of the AI in computer vision market. Industrial businesses all around the world are aiming to boost their automation investments in the post-COVID-19 timeframe since it minimizes the necessity for human involvement in different processes. Furthermore, as industry participants have grasped the relevance of automated quality control in production processes, the demand for it has grown. As a result, Intelligence-based computer vision systems are now widely accepted as an important aspect of long-term automated processes. The application of computer vision in automated manufacturing operations aids in the rapid identification of issues, lowering costs, and improving reaction times.
AI in Computer Market Regional Insights
Over the forecast period, North America AI in computer vision market is expected to witness a CAGR of 6.5%. This increase can be attributed to favorable government measures aimed at promoting the use of computer vision in the province. The revolution has taken AI and computer vision to public health departments for practical testing and implementation. The United States General Services Administration’s domain Artificial Intelligence Center of Excellence also assists entities and organizations across the country in developing AI applications by embracing NLP, deep learning, machine vision, robotic process automation, and smart process development.
AI in Computer Market Segmentation
By Industry, the consumer electronics segment is expected to witness a CAGR of 10.3% in the aforementioned forecast period.
AI in computer vision market is booming due to rising consumption for AI-based computer vision applications in consumer devices e.g. smartphones, PCs, and laptops. Universal health care, on the other hand, is expected to witness the fastest growth throughout the projection period, as AI-based computer vision devices are becoming increasingly important in products e.g. radiology and diagnostic imaging.
Besides that, the growing involvement of major automobile and IT behemoths in the development of self-driving automobiles is driving AI’s advancement in the computer vision business for the automotive sector.
AI in Computer Market Key Players
Robotic Vision Technologies (US)
AMP Robotics (US)
Zivid (Norway)
Inspekto (UK)
Creative Virtual (UK)
Trivision (Denmark)
AWS (US)
Xilinx (US)
Google (US)
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Key questions answered in the AI in Computer Market are:
- What is AI in Computer ?
- What was the AI in Computer market size in 2023?
- What is the growth rate of the AI in Computer Market?
- Which are the factors expected to drive the AI in Computer market growth?
- What are the different segments of the AI in Computer Market?
- What growth strategies are the players considering to increase their presence in AI in Computer ?
- What are the upcoming industry applications and trends for the AI in Computer Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the AI in Computer Market?
- Who are the leading companies and what are their portfolios in AI in Computer Market?
- What segments are covered in the AI in Computer Market?
- Who are the key players in the AI in Computer market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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