Market Research Report
Computer Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Traditional Software)), Product (PC Based and Smart Camera Based), Application, Vertical - Global Forecasts to 2023
|Published by||MarketsandMarkets||Product code||614099|
|Published||Content info||181 Pages
Delivery time: 1-2 business days
|Computer Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Traditional Software)), Product (PC Based and Smart Camera Based), Application, Vertical - Global Forecasts to 2023|
|Published: March 12, 2018||Content info: 181 Pages||
The overall computer vision market is expected to be valued at USD 11.94 billion in 2018 and is likely to reach USD 17.38 billion by 2023, at a CAGR of 7.80% between 2018 and 2023. The increasing demand for AI-integrated computer vision systems and the rising adoption of computer vision in UAVs are likely to create huge growth opportunities for the computer vision market. However, factors such as changing requirements of end users with respect to computer vision applications and lack of flexible computer vision solutions are restricting the growth of the market.
Predictive maintenance (PdM) is one of the emerging application areas wherein computer vision systems are used. This application area is expected to expand in the coming years with the introduction of AI- and IoT-integrated computer vision systems. Thus, the market for predictive maintenance applications is expected to grow at the highest rate between 2018 and 2023.
The computer vision market in APAC can be segmented on the basis of country/region into India, China, Japan, South Korea, and Rest of APAC. APAC provides ample growth opportunities for the computer vision market as it is considered as a major manufacturing hub for various industries. The ongoing large-scale developments in the emerging economies in APAC owing to the growing use of advanced technologies in manufacturing industries is contributing to the growth of the computer vision market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below.
Companies that are capable of providing IoT- and AI-integrated computer vision systems are expected to emerge as game changers as these systems will reduce human intervention and boost the overall efficiency of the systems.
The major companies covered in the report on the computer vision market are: Cognex (US), Basler (Germany), OMRON (Japan), KEYENCE Corporation (Japan), National Instruments (US), Sony (Japan), Teledyne Technologies (US), Texas Instruments (US), Intel (US), Baumer Optronic (Germany), tordivel (Norway), ISRA VISION (Germany), MVTec Software (Germany), MediaTek (Taiwan), Cadence Design Systems (US), CEVA (US), Synopsys (US), SICK (Germany), and JAI A/S (Denmark).
This research report covers industry analysis (industry trends), market ranking analysis of top players, and value chain analysis; company profiles, which discuss the competitive landscape, emerging and high-growth segments of the computer vision market, and high-growth regions; and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.