Global Artificial Intelligence (AI) in Computer Vision Market to Reach $161 Billion by 2030
The global market for Artificial Intelligence (AI) in Computer Vision estimated at US$37.9 Billion in the year 2023, is expected to reach US$161 Billion by 2030, growing at a CAGR of 23% over the period 2023-2030. AI in Computer Vision Software, one of the segments analyzed in the report, is expected to record 23.5% CAGR and reach US$116.4 Billion by the end of the analysis period. Growth in the AI in Computer Vision Hardware segment is estimated at 21.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 22.3% CAGR
The Artificial Intelligence (AI) in Computer Vision market in the U.S. is estimated at US$12.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.5 Billion by the year 2030 trailing a CAGR of 22.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.4% and 19.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.
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