Categories: IT & Communication Technology

AI In Computer Vision Market Report 2024-2033: Size, Trends, Analysis, Insights, and Overview

Overview and Scope

AI in computer vision is a branch of artificial intelligence (AI) that allows systems and computers to extract significant data from digital photos, videos, and other visual inputs and then, depending on that knowledge, take steps or recommend things. AI enables computer vision to comprehend, recognize, and evaluate optical inputs.

Sizing and Forecast

The ai in computer vision market size has grown exponentially in recent years. It will grow from $26.6 billion in 2023 to $34.1 billion in 2024 at a compound annual growth rate (CAGR) of 28.2%. The growth in the historic period can be attributed to growth in adoption of industry 4.0, increased applications in healthcare, increased agriculture industry, increased use in retail industries, growth of it industry.

The ai in computer vision market size is expected to see exponential growth in the next few years. It will grow to $93.73 billion in 2028 at a compound annual growth rate (CAGR) of 28.8%. The growth in the forecast period can be attributed to rising need for quality inspection and automation, government initiatives to support industrial automation and the integration of artificial intelligence, growing demand for computer vision systems in non-traditional and developing industries, increasing investments in ai technology. Major trends in the forecast period include innovative solutions, technological advancements in ai and computer vision technologies, strategic collaborations, integration of ai and ml, technological advancements.

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Segmentation & Regional Insights

The ai in computer vision market covered in this report is segmented –

1) By Component: Software, Hardware
2) By Function: Training, Interference
3) By Machine Learning Model: Supervised Learning, Unsupervised Learning, Reinforcement Learning
4) By Application: Industrial, Non-Industrial
5) By End User: Automotive, Consumer Electronics, Healthcare, Agriculture, Transportation And Logistics, Retail, Security And Surveillance, Manufacturing, Other End Users

North America was the largest region in the AI in computer vision market in 2023. Asia-Pacific is expected to be the highest-CAGR region in the forecast period. The regions covered in the ai in computer vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The growing need for computer vision technologies in various business sectors is expected to propel the growth of AI in the computer vision market going forward. Computer vision is used in agriculture for plant detection, crop monitoring, and automatic weeding. It is also used in retail for self-checkout and people counting, manufacturing for autonomous driving, and robotics. The growing need for computer vision technologies in various business sectors like manufacturing is driven by AI in the computer vision market, as it is employed to identify objects, allowing them to recognize and categorize a greater variety of things. For instance, in December 2021, according to the Association for Advancing Automation, a US-based automation trade association, robot sales in the 3rd quarter of 2021 brought the overall total of orders for the year to over 29,000 units worth $1.48 billion. These figures show a 37% increase in items sold (up from 21,072) and a 35% rise in price (up from $1.09 billion) during the same period in 2020. Therefore, the growing need for computer vision technologies in various business sectors drives AI in the computer vision market.

Key Industry Players

Major companies operating in the ai in computer vision market report are Apple Inc., Google LLC, Microsoft Corporation, Meta Platforms Inc., Huawei Technologies Co. Ltd., Sony Corporation, Amazon Web Services Inc., General Electric Company, Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Nvidia Corporation, Baidu Inc., Teledyne Technologies Inc., Xilinx Inc., Unity Software Inc. , iRobot Corporation, SenseTime Group Ltd, Basler AG, Matterport Inc., Orbbec 3D Technology International Inc., ArcSoft Inc., Ultraleap Limited, Clarifai Inc., PerceptIn Inc, Occipital Inc., Irida Labs, Megvii Inc., Deep Vision AI Inc., Xnor.ai Inc.

The ai in computer vision market report table of contents includes:

1. Executive Summary

2. AI In Computer Vision Market Characteristics

3. AI In Computer Vision Market Trends And Strategies

4. AI In Computer Vision Market – Macro Economic Scenario

5. Global AI In Computer Vision Market Size and Growth

…

32. Global AI In Computer Vision Market Competitive Benchmarking

33. Global AI In Computer Vision Market Competitive Dashboard

34. Key Mergers And Acquisitions In The AI In Computer Vision Market

35. AI In Computer Vision Market Future Outlook and Potential Analysis

36. Appendix