North America Vision Transformers Market Size, Share & Industry Trends Analysis Report By Component (Solution (Software, Hardware), and Professional Services), By Vertical, By Application, By Country and Growth Forecast, 2023 - 2030
The North America Vision Transformers Market would witness market growth of 35.4% CAGR during the forecast period (2023-2030).
Vision transformers are optimized for edge devices, allowing them to perform real-time analysis without relying on cloud servers. This trend is significant in applications like autonomous vehicles and robotics. Techniques for training with smaller datasets and fewer computational resources are being developed. This makes ViTs more accessible for smaller businesses and research projects. Combining with GANs has led to innovative applications, such as generating realistic images, video synthesis, and style transfer.
Self-driving cars significantly rely on computer vision for navigation and decision-making in real time. These play a vital role in recognizing pedestrians, other vehicles, and traffic signs, contributing to the safety and reliability of autonomous transportation systems. In the medical field, ViTs assist in analyzing radiology and pathology images, enabling more accurate diagnoses and better treatment plans. Their applications also extend to robotic surgery, where they help in precise instrument control.
As per the International Trade Administration (ITA), the American automotive industry is one of the largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the second-largest region in the globe for vehicle sales and production. According to Autos drive America, automakers produced 5 million vehicles in the United States in 2020. As the adoption of autonomous vehicles grows in the U.S., ViTs can provide the perception and decision-making capabilities required for self-driving cars, making them safer and more reliable. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Vision Transformers Market by Country in 2023 and would continue to be a dominant market till 2030; thereby, achieving a market value of $702.4 Million by 2030. The Canada market is experiencing a CAGR of 38.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 37.4% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Software, Hardware), and Professional Services. Based on Vertical, the market is segmented into Media & Entertainment, Government, Automotive, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on Application, the market is segmented into Object Detection, Image Classification, Image Segmentation, Image Captioning, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Google LLC (Alphabet Inc.), OpenAI, L.L.C., Synopsys, Inc., Microsoft Corporation, Qualcomm Incorporated, Intel Corporation, LeewayHertz, and Clarifai, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solution
- Software
- Hardware
- Professional Services
- Media & Entertainment
- Government
- Automotive
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
- Object Detection
- Image Classification
- Image Segmentation
- Image Captioning
- Others
- US
- Canada
- Mexico
- Rest of North America
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- OpenAI, L.L.C.
- Synopsys, Inc.
- Microsoft Corporation
- Qualcomm Incorporated
- Intel Corporation
- LeewayHertz
- Clarifai, Inc.
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Vision Transformers Market, by Component
- 1.4.2 North America Vision Transformers Market, by Vertical
- 1.4.3 North America Vision Transformers Market, by Application
- 1.4.4 North America Vision Transformers Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Recent Strategies Deployed in the Vision Transformers Market
- Chapter 5. North America Vision Transformers Market by Component
- 5.1 North America Solution Market by Region
- 5.2 North America Vision Transformers Market by Solution Type
- 5.2.1 North America Software Market by Country
- 5.2.2 North America Hardware Market by Country
- 5.3 North America Professional Services Market by Region
- Chapter 6. North America Vision Transformers Market by Vertical
- 6.1 North America Media & Entertainment Market by Country
- 6.2 North America Government Market by Country
- 6.3 North America Automotive Market by Country
- 6.4 North America Retail & Ecommerce Market by Country
- 6.5 North America Healthcare & Lifesciences Market by Country
- 6.6 North America Others Market by Country
- Chapter 7. North America Vision Transformers Market by Application
- 7.1 North America Object Detection Market by Country
- 7.2 North America Image Classification Market by Country
- 7.3 North America Image Segmentation Market by Country
- 7.4 North America Image Captioning Market by Country
- 7.5 North America Others Market by Country
- Chapter 8. North America Vision Transformers Market by Country
- 8.1 US Vision Transformers Market
- 8.1.1 US Vision Transformers Market by Component
- 8.1.1.1 US Vision Transformers Market by Solution Type
- 8.1.2 US Vision Transformers Market by Vertical
- 8.1.3 US Vision Transformers Market by Application
- 8.2 Canada Vision Transformers Market
- 8.2.1 Canada Vision Transformers Market by Component
- 8.2.1.1 Canada Vision Transformers Market by Solution Type
- 8.2.2 Canada Vision Transformers Market by Vertical
- 8.2.3 Canada Vision Transformers Market by Application
- 8.3 Mexico Vision Transformers Market
- 8.3.1 Mexico Vision Transformers Market by Component
- 8.3.1.1 Mexico Vision Transformers Market by Solution Type
- 8.3.2 Mexico Vision Transformers Market by Vertical
- 8.3.3 Mexico Vision Transformers Market by Application
- 8.4 Rest of North America Vision Transformers Market
- 8.4.1 Rest of North America Vision Transformers Market by Component
- 8.4.1.1 Rest of North America Vision Transformers Market by Solution Type
- 8.4.2 Rest of North America Vision Transformers Market by Vertical
- 8.4.3 Rest of North America Vision Transformers Market by Application
- Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 SWOT Analysis
- 9.2 NVIDIA Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.6 SWOT Analysis
- 9.3 Google LLC (Alphabet Inc.)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 OpenAI, L.L.C.
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 Synopsys, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Microsoft Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Qualcomm Incorporated
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Intel Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 LeewayHertz
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Clarifai, Inc.
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook