United State-Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the AI in Computer Vision. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The AI in Computer Vision study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the AI in Computer Vision.
The global AI in the computer vision market was valued at ~$9.15 billion in 2020. The market is forecast to grow at a CAGR of ~39.58% during the forecast period from 2021 to 2027.
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Computer vision is powered by artificial intelligence (AI) that enables computers to extract meaningful information from digital images, videos, and other visual inputs and then use that information to act or make recommendations. Human vision differs from computer vision in that human vision comes first. The human eye can distinguish objects from one another, whether they are moving and whether something is amiss in an image thanks to lifetimes of experience. These functions are performed by computers through computer vision.
A wide range of industries are using computer vision, from energy to manufacturing to automotive, and the market is growing. In the field of computer vision, there is a great deal of research going on. Business, entertainment, transportation, health care, and everyday life are all impacted by computer vision technology, as evidenced by real-world applications. Mobile phones, security systems, traffic cameras, and other visual instruments are key drivers of the growth of these applications.
Factors Affecting the Global Al in Computer Vision Market
- The AI in the computer vision market is driven by factors like the growing demand for computer vision systems in automotive applications and the high demand for quality inspection and automation.
- Automobile manufacturers use computer vision and industrial robotics to automate several aspects of their production processes. The growth of AI in the Computer Vision Market is fueled by the increasing participation of various automotive and IT giants in developing autonomous cars.
- Security and safety concerns are a major impediment to global market growth.
- AI in computer vision is expected to be boosted by a government initiative to boost the development of AI-related technology.
Covid-19 Impact on the Global Al in Computer Vision Market
- Covid-19’s impact on the computer vision AI market is negligible.
- Due to the temporary shutdown of manufacturing plants, the outbreak of Covid-19 has caused a major setback for export-oriented economies within the region.
- The advent of consumer products, like smartphones, has changed the consumer paradigm. Due to disruptions in the global supply chain, especially in China, this segment was impacted as the production of wearables, laptops, desktops, and other appliances declined.
- The Covid-19 outbreak has disrupted supply chains and production cycles across industries in significant ways, and positively.
- Although vaccine production is accelerating globally and pandemics are better controlled, especially in Europe and North America, there will be an increased demand for artificial intelligence in the computer vision market.
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Regional Analysis: The Global Al in Computer Vision Market
China will continue to lead the computer vision market in AI with the highest CAGR. The Asia Pacific is expected to be dominated by countries such as China, Japan, and South Korea. China’s economic growth is largely due to increased manufacturing operations, while India’s growing demand for industrial automation is fostering a tremendous growth of AI in computer vision in the Asia Pacific.
Key Market Players: The Global Al in Computer Vision Market
The prominent players in the global Al in computer vision market are:
- Microsoft Corporation
- Intel Corporation
- IBM Corporation
- Qualcomm
- AWS
- NVIDIA Corporation
- Xilinx
- BASLER AG
Aim of the Report: The Global Al in Computer Vision Market
The global Al in Computer Vision Market is segmented by Application, Function, End-Use, Component, and Region.
Segmentation based on Application
- Industrial
- Non-industrial
Segmentation based on Function
- Training
- Interference
Segmentation based on End-Use
- Healthcare
- Manufacturing
- Consumer Electronics
- Agriculture
- Transportation & Logistics
- Retail
- Automotive
- Security & Surveillance
- Others
Segmentation based on Component
- Hardware
- Processor
- CPU
- GPU
- ASIC
- FPGA
- Memory
- Storage
- Software
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global AI in Computer Vision market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the AI in Computer Vision market over the forecast period?
- What are the factors driving and restraining the market for AI in Computer Vision?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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