The AI in Computer Vision Market is expected to grow from USD 7.04 billion in 2020 to USD 51.3 billion by 2026 at a CAGR of 26.3% from 2020 to 2026.
Artificial intelligence (AI) is the ability of a computer to manage information and produce results in decision making, learning and solving problems, in such as way that mimic the thought process of humans. Computer vision is the area of computer science which has emphasized on mimicking the complexity of the human vision system and on allowing computers to recognize and process objects in images and videos such as humans. The key factor propelling the AI in computer vision market is the surging demand for merged reality. The computer vision software takes VR and AR to the next phase of development which is known as Merged Reality (MR). The VR and AR systems can understand the atmosphere and direct the user away from barriers such as walls, products or other users; identify the movement of the eye and body of the user and adopt the VR environment accordingly; and offer guidance and directions with the help of external environment by plotting cameras and sensors, as well as eye tracking solutions and gyroscopes to locate the user. On the other hand, the cloud data storage, such as data theft, data breaches and unavailability of cloud data, are highly increasing which can impede the market growth.
In addition, computer vision systems are having huge demand in unconventional and developing applications which is propelling the market growth. Computer vision systems are used in different industries for things such as identification, inspection, measuring and product location. Apart from these applications, all AI-powered vision systems can develop new ones, such as 3D model creation, medical imaging, automotive safety, retail, optical character recognition, surveillance, and traffic monitoring, morphing and augmented reality. Vision computer systems and software are being developed for new applications in healthcare, security and surveillance, traffic management, postal and logistics and document processing. Developed players are anticipated to benefit in the future by creating application-specific AI-powered computer vision systems in-house. Moreover, the artificial intelligence in computer vision solutions is estimated to have major development potential in fields such as consumer electronics and security and surveillance.
The global AI in Computer Vision Market is segregated on the basis of Offering as Hardware and Software. Based on Machine Learning Model the global AI in Computer Vision Market is segmented in Supervised Learning, Unsupervised Learning and Reinforcement Learning. Based on Application the global AI in Computer Vision Market is segmented in Non-industrial and Industrial. Based on End-use Industry the global AI in Computer Vision Market is segmented in Automotive, Consumer Electronics, Healthcare, Retail, Security & Surveillance and Manufacturing.
The global AI in Computer Vision Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The AI in Computer Vision Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Algolux, Nvidia, AMD, AMP Robotics, Athena Security, AWS, Basler and others are among the major players in the global AI in Computer Vision Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global AI in Computer Vision Market has been segmented as below:
AI in Computer Vision Market, By Offering
AI in Computer Vision Market, By Machine Learning Model
AI in Computer Vision Market, By Application
AI in Computer Vision Market, By End-use Industry
AI in Computer Vision Market, By Region
AI in Computer Vision Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global AI in Computer Vision Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global AI in Computer Vision Market share. Major industry players with significant revenue share include Algolux, Nvidia, AMD, AMP Robotics, Athena Security, AWS, Basler and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. AI in Computer Vision Market, By Offering
5.1. Key Points
5.2. Hardware
5.3. Software
6. AI in Computer Vision Market, By Machine Learning Model
6.1. Key Points
6.2. Supervised Learning
6.3. Unsupervised Learning
6.4. Reinforcement Learning
7. AI in Computer Vision Market, By Application
7.1. Key Points
7.2. Non-industrial
7.3. Industrial
8. AI in Computer Vision Market, By End-use Industry
8.1. Key Points
8.2. Automotive
8.3. Consumer Electronics
8.4. Healthcare
8.5. Retail
8.6. Security & Surveillance
8.7. Manufacturing
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- AI in Computer Vision Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Algolux
10.2. Nvidia
10.3. AMD
10.4. AMP Robotics
10.5. Athena Security
10.6. AWS
10.7. Basler
10.8. Ceva, Inc.
10.9. Creative Virtual
10.10.Curemetrix
10.11. Facebook
10.12. Google
10.13. Graphcore
10.14. Groopic
10.15. Groq
10.16. Hailo
10.17. IBM
10.18.Inspekto
10.19. Intel
10.20. Leap Motion
10.21. Lionbridge AI
10.22. Microsoft
AI in Computer Vision Market, By Offering
AI in Computer Vision Market, By Machine Learning Model
AI in Computer Vision Market, By Application
AI in Computer Vision Market, By End-use Industry
AI in Computer Vision Market, By Company