According to the latest report by IMARC Group, The global computer vision market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global computer vision market to grow at a CAGR of around 7% during the forecast period (2021-2026).
Computer vision refers to a field of artificial intelligence (AI) that trains computers to analyze and interpret the visual world using digital images from cameras and deep learning models. It can also accurately detect and analyze real-world images to produce symbolical or numerical information. Computer vision algorithms offer specialized adaptation and enhancements, which are widely utilized in navigation procedures, such as human-machine interactions, self-driven vehicles, medical image analysis, and inspection across several industries.
The global computer vision market is primarily propelled by the growing need for quality inspection. This has resulted in the escalating demand for vision-guided and smart camera-based robotic systems. Furthermore, the automotive industry is increasingly adopting computer vision systems for assembling vehicles. Moreover, the rising use of computer vision technology in virtual reality (VR) and augmented reality (AR) technologies to detect body movements of the user and adapt the VR environment,is also augmenting the market growth. Additionally, several technological advancements in advanced safety systems and the accelerating trend of automation and 3D imaging in industries are further catalyzing the market growth. Besides this, numerous healthcare institutions are focusing on the integration of artificial intelligence (AI) with computer vision due to the outbreak of COVID-19) to detect and study the virus, which will continue to drive the global market in the coming years.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Computer Vision Market Coverage and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Basler AG
- Baumer Optronic
- CEVA Inc.
- Cognex Corporation
- Intel Corporation
- Jai A/S
- Keyence Corporation
- Matterport Inc.
- Microsoft Corporation
- National Instruments
- Sony Corporation
- Teledyne Technologies Inc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Component:
Breakup by Product Type:
- Smart Camera-based
Breakup by Application:
- Quality Assurance and Inspection
- Positioning and Guidance
- Predictive Maintenance
- 3D Visualization and Interactive 3D Modelling
Breakup by Vertical:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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