Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the Computer Vision Market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this COMPUTER VISION report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this COMPUTER VISION market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this COMPUTER VISION market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The COMPUTER VISION market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the COMPUTER VISION industry, thereby guiding them on the right path.
Global computer vision market was valued at USD 12.98 billion in 2022 and is expected to reach USD 29.19 billion by 2030, registering a CAGR of 8.32% during the forecast period of 2023 to 2030. The "smart camera-based computer vision systems" accounts for the largest product segment in the computer vision market within the forecasted period. They are cost-effective, compact, and versatile, making it easier to adopt modifications based on changed rules and standards in these systems.
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Computer vision, which has been a research technique for decades, is now being commercialized for a variety of applications, including security and surveillance, automotive, consumer, industrial, medical, and entertainment, to mention a few. The global computer vision market is growing due to faster processing, more accuracy, and lower costs of computer vision systems. Consequently, the global computer vision market is projected show lucrative growth.
Key Growth Drivers:
- Surging Requirement of Computer Vision
Growing demand for quality inspection and automation and an increase in demand for vision-guided robotic systems and application-specific computer vision systems are expected to be the primary drivers of market expansion. Furthermore, rising demand for food-specific computer vision systems to detect wrongly labelled products and sub-quality products would help to moderate market growth over the anticipated period.
- Utilization Across Various Sectors
Furthermore, the surging usage of computer vision for detecting the eye and body movement of the user and adapt the VR environment accordingly fuels the market growth. Growing usage for image and video processing applications across various industry segments and also within healthcare for the computer vision to detect and study the virus also acts as a market driver.
The major element driving the market's growth is the emergence of augmented reality (AR) and virtual reality (VR). In addition, the growing demand for mobile devices is estimated to bolster the market's overall growth.
The report emphasizes the participation of key entities, notably:
Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), KEYENCE CORPORATION (Japan), National Instruments Corp (U.S.), Sony Corporation (Japan), Teledyne (U.S.), Allied Vision Technologies GmbH (Germany), Texas Instruments Incorporated (U.S.), Intel Corporation (U.S.), Baumer (Germany), JAI (Denmark), MediaTek, Inc. (Taiwan), Cadence Design Systems, Inc. (U.S.), CEVA, Inc. (U.S.), and Synopsys, Inc. (U.S.)
Report Scope:
- Analysis of market trends influencing the global beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Computer Vision market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
Key Market Segmentation
Components (Hardware, Software, Service), Product (Smart Camera-based Computer Vision Systems, PC-based Computer Vision Systems), Offering (Deep Learning, Traditional Computer Vision), Application (Quality Assurance and Inspection, Positioning and Guidance, Identification, Predictive Maintenance), Vertical (Industrial, Non Industrial)
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