Computer Vision Market By Component (Hardware, Software, Service), By Product (PC-based Computer Vision Systems, Smart Cameras-based Computer Vision Systems), By Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identif

Computer Vision Market By Component (Hardware, Software, Service), By Product (PC-based Computer Vision Systems, Smart Cameras-based Computer Vision Systems), By Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance), By End User (Industrial, Non-industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032

The Computer Vision Market was valued for $14,963.81 million in 2022 and is estimated to reach $82,141.74 million by 2032, exhibiting a CAGR of 18.7% from 2023 to 2032. A computer vision system acquires, processes, and analyzes real-world images in order to produce numerical or symbolic information, often in the form of a decision. Each application requires a specialized adaptation and enhancement to the computer vision algorithm, although several fundamental blocks of algorithms are common. Computer vision is the enterprise of automating and integrating a wide range of processes and representations used for visual perception. It includes many techniques that are useful by themselves, such as image processing (transforming, encoding, and transmitting images) and statistical pattern classification (statistical decision theory applied to general patterns, visual or otherwise). Following the current trend of automation and 3D imaging in all major industries, the market for computer vision is expected to witness growth at a high rate in the near future. Factors such as faster processing and better accuracy coupled with the economic advantage of computer vision system are the major factors that are expected to contribute to the market growth during the forecast period. However, intense requirement of highly skilled and experienced professional and user data privacy and safety concerns is primarily restraining the market growth. Moreover, growing application of computer vision in non-industrial applications and advancements in the field of computer vision and AI is creating a lucrative opportunity for the market.

Surge in increased processing and better accuracy coupled with economic advantage of computer vision system are one of the major factors that is striking the market growth during the forecast period. However, intense requirement of highly skilled and experienced professional and user data privacy and safety concerns is primarily restraining the market growth. Moreover, growing application of computer vision in non-industrial applications and advancements in the field of computer vision and AI is expected to create a lucrative opportunity for the market growth during the forecast period.

On the basis of product, PC-based computer vision systems segment dominated the computer vision market in 2022 and is expected to maintain its dominance in the upcoming years, owing to handle a wide range of applications due to its added flexibility over smart camera systems and ability to process more inputs at once propels the market growth significantly. However, the smart cameras-based computer vision systems segment is expected to witness the highest growth, owing to perform some predefined function/tasks and is designed according to the needs of that particular task.

Region-wise, the computer vision market size was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to rise in number of IoT applications hosted on cloud and increasing investments in emerging technologies such as big data, social media, and due to artificial intelligence supporting a smarter and safer mobility aiding the growth of the computer vision market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to rapid shift in accelerating inspection procedures and increasing application efficiency and operating efficiencies which is expected to fuel the market growth in this region. Furthermore, several major computer vision providers including Intel Corporation, Texas Instruments Incorporated, Cognex Corporation, Keyence Corporation, Basler AG, Omron Corporation., Mediatek Inc., National Instruments Corporation, Teledyne Technologies Incorporatec, are introducing new products & services to computer vision.

The report focuses on growth prospects, restraints, and analysis of the computer vision trend. The study provides Porter’s five forces analysis to understand the impact of numerous factors, such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers on the computer vision market share.

Segment review

The computer vision market is segmented on the basis of components, product, application, end user and region. On the basis of component, it is divided into hardware, software and services. On the basis of product, it is bifurcated into PC based and smart camera based computer vision system. On the basis of application, it is divided into quality assurance & inspection, positioning & guidance, measurement, identification, predictive maintenance. On the basis of end user, it is fragmented into industrial and non-industrial. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include Intel Corporation, Texas Instruments Incorporated, Cognex Corporation, Keyence Corporation, Sony Corporation, Basler AG, Omron Corporation., Mediatek Inc., Teledyne Technologies Incorporate. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the computer vision market analysis from 2022 to 2032 to identify the prevailing computer vision market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the computer vision market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global computer vision market trends, key players, market segments, application areas, and market growth strategies.
Senario Analysis & Growth Trend Comparision
Technology Trend Analysis
New Product Development/ Product Matrix of Key Players
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis

Key Market Segments

By Product

PC-based Computer Vision Systems
Smart Cameras-based Computer Vision Systems

By Application

Quality Assurance and Inspection
Positioning and Guidance
Measurement
Identification
Predictive Maintenance

By End User

Industrial
Non-industrial

By Component

Hardware
Software
Service

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Texas Instruments Incorporated
Cognex Corporation
Sony Corporation
BASLER AG
MediaTek Inc.
Teledyne Technologies Incorporated
Intel Corporation
KEYENCE CORPORATION
Omron Corporation.
National Instruments Corporation

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