AI in Computer Vision Market size was valued at US$ 15.4 Billion in 2020 and the total AI in Computer Vision revenue is expected to grow at 24.6% through 2021 to 2027, reaching nearly US$ 71.8 Billion.
Computer vision is a branch of artificial intelligence that teaches computers how to analyse and comprehend images. Systems can recognise and categorise entities using digital images from cameras and webcams, as well as deep neural network models, and respond to what they detect.
AI in Computer Vision Market Scope:
The industry for AI in Computer Vision Market is expected to grow at the quickest CAGR between 2022 and 2029. This report provides market estimates and approximations. The AI in Computer Vision Market's trends, challenges, and opportunities are examined and analysed in this stellar market research (SMR) assessment. This study's objective is to offer a strategic overview of the AI in Computer Vision market in terms of recent growth trends, projected future growth, and key submarket contributors. North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America are all included in the SMR analysis, which also includes a country-by-country segmentation. The analyses of key strengths, market positioning, and strategy orientations of significant industry actors are looked at. Along with information on their most recent competitive triumphs, investments, strategic objectives, and competitive climate, profiles of the leading players in the market are also given.
AI in Computer Vision Market Overview:
Along with the company's strategy, operational procedures, and expansion-oriented financial approach, the Stellar Market Research (SMR) report analyses the manufacturer's issues and market growth factors. Some customers' needs might be met by being adaptable and well understanding market prospects. Stellar Market Research examines the market's leading rivals as well as the general competitive environment. This market report on AI in Computer Vision market might be useful for structuring, given the state of the business at the moment.
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AI in Computer Vision Market Dynamics:
The primary driver of the AI in computer vision market is the need for standard inspection and automation. Industrial businesses all over the world are planning to increase their automation investments in the post-COVID-19 timeframe because it reduces the need for human involvement in various processes. Furthermore, as industry participants recognised the importance of automated quality control in manufacturing processes, demand for it has increased.
AI in Computer Vision Market Segmentation:
During the forecast period, the consumer electronics segment is expected to grow at a CAGR of 10.3%. The market for AI in computer vision is booming due to rising demand for AI-based computer vision applications in consumer devices such as smartphones, PCs, and laptops. Universal health care, on the other hand, is expected to grow the fastest over the forecast period, as AI-based computer vision devices become more important in products such as radiology and diagnostic imaging.
Key Players:
Robotic Vision Technologies (US)
AMP Robotics (US)
Zivid (Norway)
Inspekto (UK)
Creative Virtual (UK)
Trivision (Denmark)
AWS (US)
Xilinx (US)
Google (US)
Facebook (US)
Basler (Germany)
Hailo (US)
GROQ (US)
CEVA, Inc. (US)
AMD (US)
Graphcore (UK)
AI in Computer Vision Market Regional Analysis:
The five primary regions of the AI in Computer Vision market are Europe, North America, Asia-Pacific, the Middle East and Africa, and South America.
COVID-19 Impact Analysis on AI in Computer Vision Market:
The total market has been hit by COVID-19, and the growth rate has also been impacted in 2019–2020 as the effect of COVID–19 spreads. The COVID-19 crisis is forcing businesses and organisations to manage risk and digitise operations in order to provide reliable information and experiences to decision-makers. This is according to SMR most recent research, viewpoints, and insights on the management issues that matter most to businesses and organisations about the market.
Key Questions answered in the AI in Computer Vision Market Report are:
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About Stellar Market Research:
Stellar Market Research is an Indian consulting firm that was founded in 2018. It specialises in offering clients long-term planning and advisory services to help them achieve their organisational transformation goals. The organisation uses its extensive network and in-depth knowledge of the industry to produce informed comments on reports that give clients a tactical edge. Clients have access to a market portfolio that will help their company build a strong presence over time, prepare for outcomes, and take the essential actions for exceptional growth and market supremacy. A lot of weight is placed on secondary market analysis, consumer purchasing patterns, and pricing variations.
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AI in Computer Vision Market , Europe Human Augmentation Market
Stellar Market Research is an Indian consulting firm that was founded in 2018. It specialises in offering clients long-term planning and advisory services to help them achieve their organisational transformation goals.
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Nov 24, 2022
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