Computer Vision Market Valued at USD 17.39 Billion in 2023, Projected to Grow at 7.8% CAGR

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The use of computer vision, particularly in applications like facial recognition and surveillance, raises significant privacy and security concerns. Regulatory challenges and public apprehension can hinder the widespread adoption of these technologies.

Global Computer Vision Market

The Global Computer Vision Market size was valued at USD 17.39 Billion in 2023 and the total Computer Version revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 29.43 Billion by 2030.


Computer Vision Market Overview:

Computer vision uses reasoning and automation to replicate human vision. Businesses are being empowered by the computer vision sector to gain operational efficiency, reduce risks, improve security, and automate monitoring.

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Computer Vision Market Scope:

Readers of the Computer Vision market study are better able to make decisions on market expansion and growth because they have a greater understanding of the market and competitive landscape. Among the features of the research are an overview of players, revenue outcomes, capital investment, and growth rates for the global computer vision market.

Computer Vision Segmentation:

by Component

Hardware
Software
Service


by Product

PC-based Computer Vision Systems
Smart camera-based Computer Vision Systems


by Application

Quality Assurance and Inspection
Positioning and Guidance
Measurement
Identification
Predictive Maintenance


by End-User

Industrial
Non-industrial

Computer Vision Key Players:

1. NVIDIA Corporation in North America
2. Intel Corporation
3. The Microsoft Corporation
4. AWS, or Amazon Web Services
5. IBM Company
6. Google Inc.
7. Meta Platforms: Facebook, Inc.
8. Apple Group Inc.
9. Qualcomm Inc.
10. Cognex Corporation
11. Eleventh Xilinx, Inc.

12. ARM Limited in Europe
13. Graphcore International Ltd.
14. Basler AG
15. Sensortec by Bosch
16. Systemes Dassault
17. Group Thales

Asia-Pacific Region:
18. Dahua Technology 19. SenseTime
20. Hikvision
21. Alibaba Group
22. Electronics Company of Samsung, Ltd.
23. Wipro Limited
24. TATA Consultancy Services (TCS), number 
25. Information Systems Ltd.,

 

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Computer Vision Regional Analysis:

After examining a number of geographic areas, including Asia-Pacific, Europe, North America, and the rest of the world, the Computer Vision market forecast research was created. With the most control over its portion of the global computer vision business, North America is poised to maintain its position as a major shareholder.

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COVID-19 Impact Analysis on the Market:

COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term effects are expected to influence industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives.

Key Questions Answered in the Computer Vision Market Report:
Which application segment is expected to emerge as the leading segment in the computer vision market?
Which are the key players in the computer vision market?
What key trends are likely to emerge in the computer vision market in the coming years?
What will the computer vision market be like by 2024?
Which company held the largest share in the computer vision market in 2030?

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