Computer Vision Market worth $32.59 billion by 2030, growing at a CAGR of 10.11% - Exclusive Report by 360iResearch

The "Computer Vision Market by Component (Hardware, Services, Software), Application (Identification, Measurement, Positioning & Guidance), End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Computer Vision Market to grow from USD 16.59 billion in 2023 to USD 32.59 billion by 2030, at a CAGR of 10.11%.

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Computer vision focuses on developing software algorithms, technologies, and applications that enable machines to interpret visual information from the physical world. Integrating artificial intelligence, machine learning, image processing techniques, and hardware devices support various functions such as object detection, facial recognition, scene understanding, video analysis, and augmented reality across various end-user industries. The growing demand for application-specific computer vision systems catering to diverse markets such as retail analytics, healthcare diagnostics, and agriculture automation. In addition, the increasing manufacturing of automated and connected cars relies heavily on advanced computer vision technologies for autonomous navigation, object recognition, and safety features. High implementation costs associated with sophisticated hardware and software systems may limit small or medium-sized enterprises from investing in these cutting-edge technologies. Additionally, the reliance on cloud computing platforms for storing sensitive data and real-time processing raises questions related to data privacy and unauthorized access, further negatively affecting the need for computer vision solutions. However, the adoption of 3D computer vision systems is improving due to advancements in machine learning algorithms and AI capabilities that enable advanced depth perception and object recognition capabilities. Moreover, government initiatives worldwide are supporting industrial automation by providing funding for research projects or offering tax incentives for investments in advanced technology infrastructure.

Computer vision technology has been rapidly adopted across various American industries, including automotive, healthcare, and retail. The government framework in the developed economies of the United States and Canada has actively encouraged research and development, fostering innovation and collaboration among businesses. European Union (EU)'s stringent regulations on data privacy have led companies to focus on developing innovative solutions that comply with the rules and fulfill the need for computer vision solutions. The Middle East is experiencing steady growth in adopting AI technologies, including computer vision, across multiple sectors, such as smart cities and the oil & gas industry. APAC countries represent a highly evolving computer vision market due to major investments, innovations, and collaboration in computer vision technologies. The Asian economies have invested heavily in robotics and manufacturing automation, strongly focusing on incorporating computer vision capabilities.

Market Segmentation & Coverage:

This research report categorizes the Computer Vision Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.

Based on Application, market is studied across Identification, Measurement, Positioning & Guidance, Predictive Maintenance, and Quality Assurance & Inspection. The Positioning & Guidance is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Automotive & Transportation, Consumer Goods & Retail, Gaming, Sports & Entertainment, Healthcare, Industrial Automation, and Security & Surveillance. The Gaming, Sports & Entertainment is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Computer Vision Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Computer Vision Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Computer Vision Market, highlighting leading vendors and their innovative profiles. These include Allied Vision Technologies GmbH, Amazon Web Services, Inc., Basler AG, Blippar Group Limited, Cisco Systems, Inc., Cognex Corporation, Dataiku, Denso Corporation, General Electric Company, Google LLC by Alphabet Inc., Image Metrics, Infineon Technologies AG, Intel Corporation, International Business Machines Corporation, KEYENCE CORPORATION, Matterport, Inc., Meta Platforms, Inc., Microsoft Corporation, NVIDIA Corporation, Omron Corporation, Oracle Corporation, SAS Institute Inc., Teledyne Technologies Incorporated, Texas Instruments Incorporated, Unity Technologies, Verizon, and Zebra Technologies Corp..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Computer Vision Market, by Component
7. Computer Vision Market, by Application
8. Computer Vision Market, by End-Use
9. Americas Computer Vision Market
10. Asia-Pacific Computer Vision Market
11. Europe, Middle East & Africa Computer Vision Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Computer Vision Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Computer Vision Market?
3. What is the competitive strategic window for opportunities in the Computer Vision Market?
4. What are the technology trends and regulatory frameworks in the Computer Vision Market?
5. What is the market share of the leading vendors in the Computer Vision Market?
6. What modes and strategic moves are considered suitable for entering the Computer Vision Market?

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