Vision Transformers Market by Offering, Application, Vertical

Description

List of Tables

[193 Pages Report] The Vision Transformers Market size was estimated at USD 408.36 million in 2023 and expected to reach USD 507.27 million in 2024, at a CAGR 24.57% to reach USD 1,901.27 million by 2030.

Global Vision Transformers Market

KEY MARKET STATISTICS
Base Year [2023]	USD 408.36 million
Estimated Year [2024]	USD 507.27 million
Forecast Year [2030]	USD 1,901.27 million
CAGR (%)	24.57%

Vision transformers are AI-based models for analyzing and interpreting visual data such as images or videos. In the manufacturing sector, vision transformers are utilized for quality control. Healthcare applications include diagnostic imaging and predictive modeling. They are also essential in traffic solutions and security systems where visual data is continuously generated and needs real-time analysis. Advancements in technology that require visual data interpretation, such as autonomous driving and surveillance systems, are accelerating the use of vision transformers. However, regulatory challenges and privacy concerns may impede the use of vision transformers by the end-use sectors. Continuous research and innovation in AI and machine learning can improve the performance and efficacy of vision transformers and expand their applications across diverse end-use sectors globally.

Regional Insights

The vision transformers market is evolving in the Americas owing to the focus of consumers on security, real estate, and retail, energizing R&D in Vision Transformers. The Asia Pacific region represents a developing vision transformer market due to technological advancement and enhancement in surveillance, healthcare, and autonomous driving. The EMEA region is experiencing tremendous growth in the vision transformers market owing to the deployment of advanced technologies in healthcare, surveillance systems, and autonomous vehicle systems. The Middle East is focusing on utilizing vision transformers for oil and gas industry inspections and security purposes. Meanwhile, African countries are exploring using vision transformers in agriculture and environmental surveillance. Besides, technological advancements in vision transformers can enhance operational efficiency and are anticipated to propel their use across end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Vision Transformers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vision Transformers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Vision Transformers Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Apple Inc., Cognex Corporation, Delta Electronics, Inc., Denso Corporation, General Electric Company, Google LLC by Alphabet Inc., Infineon Technologies AG, Intel Corporation, International Business Machines Corporation, MediaTek Inc., Meta Platforms, Inc., Microsoft Corporation, NVIDIA Corporation, Omron Corporation, Oracle Corporation, Qualcomm Technologies, Inc., Samsung Electronics, SAS Institute Inc., Teledyne FLIR LLC, and Texas Instruments Incorporated.

Market Segmentation & Coverage

This research report categorizes the Vision Transformers Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Professional Service
  - Consulting
  - Deployment & Integration
  - Training, Support, & Maintenance
- Solution
  - Hardware
  - Software
Application
- Image Captioning
- Image Classification
- Image Segmentation
- Object Detection
Vertical
- Automotive
- Government & Defense
- Healthcare & Life Sciences
- Media & Entertainment
- Retail & eCommerce
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Vision Transformers Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vision Transformers Market?

3. What are the technology trends and regulatory frameworks in the Vision Transformers Market?

4. What is the market share of the leading vendors in the Vision Transformers Market?

5. Which modes and strategic moves are suitable for entering the Vision Transformers Market?

Product Code: MRR-92249FEC2CC9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Vision Transformers Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Demand for improved performance in image recognition and computer vision tasks
  - 5.1.1.2. Significant applications in transfer learning
  - 5.1.1.3. Expanding use in the automotive sector worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High cost of vision transformers
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in vision transformers
  - 5.1.3.2. Emerging applications of vision transformers in healthcare
- 5.1.4. Challenges
  - 5.1.4.1. Technical and interoperability issues associated with vision transformers
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Significant penetration of professional services
- 5.2.2. Application: Utilization of vision transformers for object detection
- 5.2.3. Vertical: Expanding applications of vision transformers in automotive sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Vision Transformers Market, by Offering

6.1. Introduction
6.2. Professional Service
- 6.3.1. Consulting
- 6.3.2. Deployment & Integration
- 6.3.3. Training, Support, & Maintenance
6.3. Solution
- 6.4.1. Hardware
- 6.4.2. Software

7. Vision Transformers Market, by Application

7.1. Introduction
7.2. Image Captioning
7.3. Image Classification
7.4. Image Segmentation
7.5. Object Detection

8. Vision Transformers Market, by Vertical

8.1. Introduction
8.2. Automotive
8.3. Government & Defense
8.4. Healthcare & Life Sciences
8.5. Media & Entertainment
8.6. Retail & eCommerce

9. Americas Vision Transformers Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Vision Transformers Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Vision Transformers Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. New Product Launch & Enhancement
  - 12.3.1.1. Researchers from China Introduce DualToken-ViT: A Fusion of CNNs and Vision Transformers for Enhanced Image Processing Efficiency and Accuracy
  - 12.3.1.2. Quadric Announces Vision Transformer Support for Chimera GPNPUs
  - 12.3.1.3. Google Scales Vision Transformers to 22 Billion Parameters

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Amazon Web Services, Inc.
- 13.1.2. Apple Inc.
- 13.1.3. Cognex Corporation
- 13.1.4. Delta Electronics, Inc.
- 13.1.5. Denso Corporation
- 13.1.6. General Electric Company
- 13.1.7. Google LLC by Alphabet Inc.
- 13.1.8. Infineon Technologies AG
- 13.1.9. Intel Corporation
- 13.1.10. International Business Machines Corporation
- 13.1.11. MediaTek Inc.
- 13.1.12. Meta Platforms, Inc.
- 13.1.13. Microsoft Corporation
- 13.1.14. NVIDIA Corporation
- 13.1.15. Omron Corporation
- 13.1.16. Oracle Corporation
- 13.1.17. Qualcomm Technologies, Inc.
- 13.1.18. Samsung Electronics
- 13.1.19. SAS Institute Inc.
- 13.1.20. Teledyne FLIR LLC
- 13.1.21. Texas Instruments Incorporated
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing