This report delivers an unbias market foresight on computer vision technology for the next five years. It also discusses the key developments that took place in the global computer vision market in recent years, as a part of the market’s historical analysis. The users of the report will come across market opportunities and trends that are likely to arise during course of the projected years. The scope of research covers components such as hardware and software.
The market is also analyzed based on Computer Vision Market applications, which comprise face recognition, gesture recognition, and character recognition. Key end-users discussed in report include agriculture, automotive, healthcare, entertainment, consumer electronics, transportation.
This will allow report users to identify the segments that are highly lucrative and capitalize on growth opportunities while minimizing risks. All the segments and sub-segments are profiled under four major geographies– North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) with the respective country-level market sizes.
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Major Key Players:
• Intel Corporation (U.S.)
• Keyence Corporation (Japan)
• National Instruments (U.S.)
• Microsoft Corporation (U.S.)
• Nvidia Corporation (U.S.)
• Cognex Corporation (U.S.)
• IBM Corporation (U.S.)
• Autoliv Inc. (U.S.)
• Sony Corporation (Japan)
• Basler AG (Germany)
The computer vision market globally comprises of regions such as Europe, Asia Pacific, North America, and Rest of the World. The North American region controls a significant portion of the computer vision market globally. The implementation of machine vision through numerous industries such as manufacturing and automotive are motivating the market development in this region. Escalating implementation of surveillance analytics for user behavior tracking is found to be among the major factors responsible for the market’s growth in the forecast period.
The Asia Pacific region is projected to display a sharp rise throughout the forecast period. Japan, China, India, South Korea are the leading nations in the region. Previously, the Asia Pacific held an 18.20 percent market share in the computer vision market in 2017. The amplified implementation of augmented and virtual displays in automotive and 3D gaming is fuelling the market in this region further. Rising number of start-ups focussed on augmented and virtual reality technologies are cited as one of the contributing factors for the development of the market in the forecast period. The market growth is additionally promoted by the fact that computer vision is chiefly being adopted for image recognition and also in medical image analysis.
The computer vision market globally includes segments on the basis of the component, application, and verticals. The verticals which are involved in the computer vision market consist of automotive, entertainment, agriculture, healthcare, transportation, consumer electronics and many more. The automotive segment has the largest share of the end-user segment of the computer vision market and is projected to grow with the maximum CAGR of 33.86% during the forecast period.
The component basis of segmentation of the market comprises of software and hardware. The hardware components consist of scanners, cameras, sensors, sonar, processing chipsets and others.
The applications based segmentation of the market for computer vision consists of gesture analysis, facial recognition, image restoration, medical image analysis, character recognition and many more.
• Base Year- 2016
• Projection Period- From 2017 to 2023
• Currency- USD Million
• Conversion Rate- Considered as per the respective financial years
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for computer vision
• Face Recognition
• Gesture Recognition
• Character recognition
• Consumer electronics
• North America; The U.S., Canada, and Mexico
• Europe; Germany, the UK, France, Italy, and Rest of Europe
• Asia Pacific (APAC); China, Japan, India, South Korea, and Rest of Asia Pacific
• The Middle East & Africa
Additional Free Customization:
• Additional 2 Country Data (Value + volume)
• Additional 7 company profiles
• Criss-cross segmentation, 2nd level segmentation
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• Semiconductor product designers and fabricators
• Developers of machine vision-related applications
• Providers of machine vision-related components and solutions
• Technology standard organizations, forums, alliances, and associations
• Technology investors
• Universities and research organizations
• Government bodies
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