Rising demand for computer vision systems in automotive applications and increased demand for emotion AI are driving AI in computer vision market revenue growth
Market Size – USD 15.87 Billion in 2021, Market Growth – at a CAGR of 26.3%, Market Trends – Advancements in technology
The global Artificial Intelligence (AI) in computer vision market size is expected to reach USD 130.57 Billion in 2030 and register a revenue CAGR of 26.3% over the forecast period, according to the latest report by Reports and Data. High demand for quality inspection and automation and government initiatives for development of AI-related technologies are driving AI in computer vision market revenue growth.
Demand for computer vision is growing in various industries including energy and utilities, manufacturing, and automotive. Real-world applications demonstrate importance of computer vision technology in business, entertainment, transportation, healthcare, and everyday life. Surge in number of visual data from smartphones, security systems, traffic cameras, and other visually instrumented devices is a major factor driving AI in computer vision market growth.
Manufacturing companies all over the world are planning to increase their automation investments post-COVID-19 period, because it reduces need for human intervention in various processes. Furthermore, as industry players have realized importance of automated quality assurance in manufacturing processes, its demand has increased. As a result, AI-based computer vision solutions are now widely accepted as an important part of long-term automation development processes.
Companies profiled in the global market report include NVIDIA Corporation, Intel Corporation, Microsoft., IBM, Qualcomm Technologies, Inc., Amazon Web Service, Inc., Advanced Micro Device, Inc. Google, AlphaTechsys, and Hailo.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the AI in computer vision market based on component, machine learning model, application, end-use, and region
Component Outlook (Revenue, USD Billion; 2019–2030)
Machine Learning Model Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
End-use Outlook (Revenue, USD Billion; 2019–2030)
Regional Outlook (Revenue, USD Billion; 2019–2030)
Key Advantages of Artificial Intelligence (AI) in Computer Vision Report:
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