The global AI in Computer Vision Market, valued at USD 17.42 billion in 2022, is expected to surge to USD 206.33 billion by 2030, with a robust CAGR of 37.05% from 2023 to 2030. This rapid growth is driven by advancements in AI technology and increasing adoption across industries, fueling demand for enhanced visual recognition and automation solutions.
Key Market Drivers
- Increased Demand for Automation: Industries such as manufacturing, automotive, retail, and healthcare are increasingly relying on AI in computer vision to automate processes, leading to higher productivity and lower operational costs.
- Advancements in Machine Learning and Deep Learning: Ongoing innovations in machine learning, deep learning, and neural networks are empowering computer vision systems with greater accuracy and real-time capabilities, pushing market adoption.
- Rising Demand for Security and Surveillance: The growing need for intelligent surveillance systems across industries is accelerating the demand for AI-enabled computer vision technologies, particularly in urban security and defense sectors.
- Healthcare Sector’s Adoption of AI in Imaging: Computer vision applications in medical imaging, diagnostics, and treatment planning are set to revolutionize the healthcare industry, driving substantial market growth.
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Market Segmentation Highlights
- By Component: Hardware, software, and services are all expected to see significant growth, with software solutions dominating the market due to increased demand for AI algorithms and cloud-based services.
- By End-User: The automotive and manufacturing sectors will continue to lead the adoption of AI in computer vision, followed closely by healthcare and retail. The use of AI in autonomous vehicles and robotics is poised to be a key growth area.
- By Region: North America remains the largest market for AI in computer vision, driven by the presence of key technology companies and high investment in R&D. However, Asia-Pacific is expected to grow at the fastest
Competitive Landscape
The global AI in computer vision market is fragmented with key players such as Intel Corporation, Microsoft, Basler AG, Qualcomm Technologies, Inc., TEC Competence GmbH & Co. KG, Advanced Micro Devices, Inc., IBM Corporation, NVIDIA CORPORATION, and AWS, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.
The global AI In Computer Vision Market is segmented as follows:
By Offering
- Hardware
- Software
By ML Model
- Supervised Learning
- Unsupervised Learning
- Reinforcement Learning
By Application
- Non-industrial
- Industrial
By Vertical
- Consumer Electronics
- Automotive
- Healthcare
- Retail
- Security & Surveillance
- Manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
