Global Computer Vision Market Growth (Status and Outlook) 2023-2029

Global Computer Vision Market Growth (Status and Outlook) 2023-2029

Product Code:518705

Published Date: Sep 04,2023

Pages: 114

Region: Global

Category: Service & Software

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According to our (LP Info Research) latest study, the global Computer Vision market size was valued at US$ 8530.3 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War,  the Computer Vision is forecast to a readjusted size of US$ 13230 million by 2029 with a CAGR of 6.5% during review period. 
The research report highlights the growth potential of the global Computer Vision market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Computer Vision are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Computer Vision. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Computer Vision market.

Computer vision is a field of artificial intelligence that trains and enables computers to understand the visual world. The goal of computer vision is to use the observed image data to infer something about the world, such as identifying and classifying objects and reacting to them. Computer vision uses digital images and deep learning models to achieve this.

Among all industries in the industrial vertical, the market for the food and packaging industry is expected to grow at the highest rate between 2018 and 2023. The growth of the market for the food industry and packaging industry is attributed to the increasing implementation of government rules pertaining to safety in manufacturing plants and rising necessity to identify and combat counterfeit products. The packaging industry is experiencing a sharp growth due to the booming e-commerce industry worldwide, especially in China and India. As a result, this industry is adopting automatized operation systems to meet the increasing consumer demand. Among all industries in the non-industrial vertical, the market for the autonomous and semiautonomous vehicles industry is expected to grow at the highest rate between 2018 and 2023. The ongoing developments in advanced safety systems, such as computer vision-integrated ADAS systems, are fueling the growth of the computer vision market for the autonomous and semiautonomous vehicles.

Key Features:
The report on Computer Vision market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Computer Vision market. It may include historical data, market segmentation by Type (e.g., PC Based, Smart Camera Based), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Computer Vision market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Computer Vision market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Computer Vision industry. This include advancements in Computer Vision technology, Computer Vision new entrants, Computer Vision new investment, and other innovations that are shaping the future of Computer Vision.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Computer Vision market. It includes factors influencing customer ' purchasing decisions, preferences for Computer Vision product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Computer Vision market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Computer Vision market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Computer Vision market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Computer Vision industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Computer Vision market.

Market Segmentation:
Computer Vision market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
    PC Based
    Smart Camera Based

Segmentation by application
    Quality Control and Inspection
    Positioning and Guidance
    Measurement
    Identification
    Predictive Maintenance

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Cognex
    Basler
    Omron
    Keyence
    National Instruments
    Sony
    Teledyne Technologies
    Texas Instruments
    Intel
    Baumer Optronic
    Jai A/S
    Mvtec Software
    Isra Vision
    Sick
    Mediatek
    Cadence Design Systems
    Ceva
    Synopsys