Global Computer Vision
Market Report
2024
Global Computer Vision market size was USD 13.72 Billion in 2022. Computer Vision Industry's Compound Annual Growth Rate will be 18.4% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Computer Vision market size was USD 13.72 Billion in 2022. Computer Vision Industry's Compound Annual Growth Rate will be 18.4% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Computer Vision Market Sales Revenue 2022 | $ 13.72 Billion |
Global Computer Vision Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.4% |
Market Split by Type |
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Market Split by Application |
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Market Split by Component |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Computer Vision Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Computer vision is a branch of artificial intelligence (AI) that enables computers and systems to extract meaningful information from digital photos, videos, and other visual inputs and perform actions or make decisions based on that information. If artificial intelligence (AI) gives computers the ability to think, computer vision gives them the ability to perceive, watch, and understand. Computer vision works much the same as human vision. The human sight takes advantage of lifetimes of context to train how to distinguish between objects, determine their distance from the subject, determine whether they are moving, and determine whether an image is incorrect. Instead of using retinas, optic nerves, and the visual cortex, computer vision trains robots to execute these tasks in a lot less time using cameras, data, and algorithms.
Furthermore, computer vision technology finds applications across multiple industries. In healthcare, it aids in medical imaging analysis, diagnosis, and disease detection. In automotive, computer vision enables driver assistance systems and autonomous vehicles. The retail industry utilizes computer vision for inventory management, facial recognition for personalized shopping experiences, and cashier-less checkout systems. Computer vision needs lots of data. It keeps performing analyses of the data until it can distinguish between things and recognize images.
Rapid advancements in robotics technology are a major driving factor contributing to the growth of the computer vision market. Computer vision and robotics technology are highly interrelated with each other. The combination of these two fields has the potential to revolutionize industries and bring about significant advancements. Computer vision enables robots to perceive and understand their environment, enabling them to perform complex tasks with accuracy and efficiency. This integration is important in industrial settings, where robots equipped with computer vision can perform tasks such as object recognition, quality control, assembly, and logistics. The manufacturing industry can make its production activities more flexible, adaptable, and efficient for business continuity when coupled with digitalization and computer vision technology.
Computer vision technology provides robots with the ability to see and interpret visual information, enabling them to make real-time decisions based on their surroundings. This enables robots to adapt to dynamic environments, navigate obstacles, and interact safely with humans. In addition, robotics in manufacturing is being used in multiple different areas due to automation. Robot applications in manufacturing include welding, assembly, shipping, handling different materials, and product packaging. Due to this aspect, multiple manufacturers are shifting their focus to robotic automation for handling complex tasks. Therefore, computer vision technology plays an important role in ensuring the safety and efficiency of human-robot collaboration. For example, according to the International Federation of Robotics (IFR), the total installations of robots in manufacturing increased by around 12.1% and reached 41,624 units in 2022. The automotive industry is the top adopter, where companies based in the US, Canada, and Mexico installed nearly 20,391 industrial robots which are up by 30% compared to 2021.
Computer vision technology also enhances quality control processes by allowing robots to inspect and identify defects or anomalies in products. Robots equipped with computer vision systems can perform visual inspections with high precision and speed, ensuring consistent quality and reducing human error. For example, South Korea is the most robotized and automation-focused country in the world, followed by Singapore. All these factors contribute to the growth of the computer vision market.
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Cognex Corporation is a US-based provider of machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks. The company offers a full range of machine vision systems and sensors, vision software, and industrial image-based. Its portfolio includes the following products:
The company operates in one segment such as machine vision technology. It sells products to customers in a variety of industries are logistics, automotive, consumer electronics, medical-related, semiconductor, consumer products, and food and beverage. Cognex machine vision is used to automate manufacturing and distribution processes in these industries. The company’s competitors include other vendors of machine vision systems, controllers, and components; manufacturers of image processing systems, sensors, and components; and system integrators.
Top Companies Market Share in Computer Vision Industry: (In no particular order of Rank)
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Region and country analysis section of Computer Vision Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Computer Vision market.
The current report Scope analyzes Computer Vision Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Computer Vision Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Computer Vision Industry growth. Computer Vision market has been segmented with the help of its Type, Application Component, and others. Computer Vision market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Computer Vision market.
Type of Computer Vision analyzed in this report are as follows:
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In 2022, the quality assurance & inspection segment dominated the market and accounted for over 25% share of the global revenue. This largest share is obtained due to the rapid adoption of process automation in the manufacturing industry to boost productivity. Computer vision along with deep learning algorithms, enables inspection automation for every product in the manufacturing line. The assurance offered by the quality management department to management and to customers, government agencies, regulators, third parties, and certifiers.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Computer Vision market report 2024 Edition by contacting our team.
In 2022, the hardware sector dominated the global computer vision market with the largest revenue market share of about 71%. This is attributed to the availability of the latest hardware platforms that provide convenient component interconnection and advanced capabilities, such as fast processing, multi-mega-pixel resolution, and fully digital data handling. Furthermore, the hardware segment covers the scope of various hardware components, including cameras, lenses, processors, frame grabbers, and LED lighting. Additionally, by providing a variety of networking architectures, high-performance hardware components have simplified the installation of vision systems and serve a wide range of diverse applications that contributes to increasing the demand for the hardware segment.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
As a research analyst, Swasti brings a unique blend of analytical prowess and strategic thinking to the table. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations. Her passion lies in leveraging data-driven approaches to guide decision-making and drive organizational success.
I played a central role in market research endeavors and competitive analysis. I have a demonstrated ability to leverage diverse data sources, employing advanced analytics tools to discern patterns and trends. My collaborative approach facilitated effective communication of insights, fostering a culture of data-driven decision-making within the organization. I am committed to continuous professional development, actively seeking opportunities for skill enhancement through workshops, industry conferences, and staying abreast of emerging trends in research methodologies.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Computer Vision Market is witnessing significant growth in the near future.
In 2023, the Smart Camera-Based Computer Vision System segment accounted for noticeable share of global Computer Vision Market and is projected to experience significant growth in the near future.
The Quality Control and Inspection segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Basler AG , Cognex Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Smart Camera-Based Computer Vision System, PC-Based Computer Vision System |
Application | Quality Control and Inspection, Positioning and Guidance, Measurement, 3D Visualization & Interactive 3D Modelling, Identification, Predictive Maintenance |
Component | Hardware, Software |
End Use | Automotive, Consumer Electronics, Healthcare, Retail, Robotics, Manufacturing, Security & Surveillance |
List of Competitors | Basler AG, Intel Corporation, Cognex Corporation, Baumer Electric AG, KEYENCE CORPORATION, Teledyne Technologies Incorporated., Matterport Inc., National Instruments Corp., Texas Instruments Incorporated, Omron Corporation, Sony Semiconductor Solutions Corporation, Cadence Design Systems Inc., CEVA Inc., Synopsys Inc. |
This chapter will help you gain GLOBAL Market Analysis of Computer Vision. Further deep in this chapter, you will be able to review Global Computer Vision Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Computer Vision Market Trends North America Computer Vision Technological Road Map North America Computer Vision Market Drivers North America Computer Vision Market Restraints North America Computer Vision Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
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Chapter 13 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Computer Vision market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Smart Camera-Based Computer Vision System have a significant impact on Computer Vision market? |
What are the key factors affecting the Smart Camera-Based Computer Vision System and PC-Based Computer Vision System of Computer Vision Market? |
What is the CAGR/Growth Rate of Quality Control and Inspection during the forecast period? |
By type, which segment accounted for largest share of the global Computer Vision Market? |
Which region is expected to dominate the global Computer Vision Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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