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Press Release:

Global Computer Vision Market to Grow at a CAGR of 7.1% during 2023-2028, Propelled by the Latest Advancements in Computer Vision

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Computer Vision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global computer vision market is expected to exhibit a CAGR of 7.1% during 2023-2028.

Computer vision is a field of artificial intelligence (AI) that trains computers to understand and interpret the visual world using digital images from cameras and deep learning models. It can also accurately identify and analyze real-world images to produce numerical or symbolic information. Computer vision algorithms provide specialized adaptation and enhancements, which are extensively utilized in navigation procedures, such as self-driven vehicles, human-machine interactions, medical image analysis, and inspection in various industries.

Computer Vision Market Trends:

The global computer vision market is primarily driven by the increasing need for quality inspection. This has resulted in the rising demand for vision-guided and smart camera-based robotic systems. The rise in the need for image and video processing applications in various industry segments is also positively influencing the market growth. In the automotive industry, there has been increased adoption of computer vision systems for assembling vehicles. Computer vision technology is also employed in augmented reality (AR) and virtual reality (VR) technologies to detect the eye and body movement of the user and adapt the VR environment accordingly. Besides this, healthcare institutions worldwide are investing in artificial intelligence (AI) in computer vision due to the outbreak of coronavirus disease (COVID-19) to detect and study the virus. Computer vision technology and deep learning models also help identify cancer patients, enabling doctors to increase the speed and accuracy of chemotherapy response assessments. Furthermore, technological advancements in advanced safety systems and the growing trend of automation and 3D imaging in industries are bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global computer vision market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product type, application and vertical.

Breakup by Component:

  • Hardware
  • Software
     

Breakup by Product Type:

  • Smart Camera-based
  • PC-based
     

Breakup by Application:

  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification
  • Predictive Maintenance
  • 3D Visualization and Interactive 3D Modelling
     

Breakup by Vertical:

  • Industrial
  • Non-Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Basler AG, Baumer Optronic, CEVA Inc., Cognex Corporation, Intel Corporation, Jai A/S, Keyence Corporation, Matterport Inc., Microsoft Corporation, National Instruments, Sony Corporation and Teledyne Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Component, Product Type, Application, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Basler AG, Baumer Optronic, CEVA Inc., Cognex Corporation, Intel Corporation, Jai A/S, Keyence Corporation, Matterport Inc., Microsoft Corporation, National Instruments, Sony Corporation and Teledyne Technologies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Computer Vision Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Product Type
    7.1    Smart Camera-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    PC-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Quality Assurance and Inspection
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Positioning and Guidance
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Measurement
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Identification
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Predictive Maintenance
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    3D Visualization and Interactive 3D Modelling
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Vertical
    9.1    Industrial
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Non-Industrial
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Basler AG
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Baumer Optronic
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    CEVA Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Cognex Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Intel Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Jai A/S
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Keyence Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Matterport Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Microsoft Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    National Instruments
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Sony Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Teledyne Technologies Inc
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Computer Vision Market: Major Drivers and Challenges
Figure 2: Global: Computer Vision Market: Sales Value (in Billion US$), 2017- 2022
Figure 3: Global: Computer Vision Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Computer Vision Market: Breakup by Component (in %), 2022
Figure 5: Global: Computer Vision Market: Breakup by Product Type (in %), 2022
Figure 6: Global: Computer Vision Market: Breakup by Application (in %), 2022
Figure 7: Global: Computer Vision Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Computer Vision Market: Breakup by Region (in %), 2022
Figure 9: Global: Computer Vision (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Computer Vision (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Computer Vision (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Computer Vision (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Computer Vision (Smart Camera-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Computer Vision (Smart Camera-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Computer Vision (PC-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Computer Vision (PC-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Computer Vision (Quality Assurance and Inspection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Computer Vision (Quality Assurance and Inspection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Computer Vision (Positioning and Guidance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Computer Vision (Positioning and Guidance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Computer Vision (Measurement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Computer Vision (Measurement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Computer Vision (Identification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Computer Vision (Identification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Computer Vision (Predictive Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Computer Vision (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Computer Vision (3D Visualization and Interactive 3D Modelling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Computer Vision (3D Visualization and Interactive 3D Modelling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Computer Vision (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Computer Vision (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Computer Vision (Non-Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Computer Vision (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Computer Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Computer Vision Market: Breakup by Country (in %),  2022
Figure 81: Middle East and Africa: Computer Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Computer Vision Industry: SWOT Analysis
Figure 83: Global: Computer Vision Industry: Value Chain Analysis
Figure 84: Global: Computer Vision Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Computer Vision Market: Key Industry Highlights,  2022 and 2028
Table 2: Global: Computer Vision Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Computer Vision Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 4: Global: Computer Vision Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Computer Vision Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Computer Vision Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Computer Vision Market: Competitive Structure
Table 8: Global: Computer Vision Market: Key Players


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Key Questions Answered in This Report

According to the estimates by IMARC Group, the global computer vision market is expected to witness a CAGR of 7.1% during 2023-2028.

Sudden outbreak of the COVID-19 pandemic has led to the increase in demand for automated technologies, such as computer vision, across the healthcare facilities for enhanced patient health management.

The increasing need for quality inspection that has augmented the demand for vision-guided and smart camera-based robotic systems represents one of the key drivers for the global computer vision market.

Several technological advancements in safety systems, along with the growing penetration of Industry 4.0 trends, represent some of the key trends in the global computer vision market.

On the basis of the component, the market has been segregated into hardware and software. Currently, hardware exhibits a clear dominance in the global market.

On the basis of the product type, the market has been bifurcated into smart camera-based and PC-based. Currently, PC-based holds the majority of the total market share.

On the basis of the application, the market has been divided into quality assurance and inspection, positioning and guidance, measurement, identification, predictive maintenance, and 3D visualization and interactive 3D modelling. Among these, quality assurance and inspection represent the largest segment.

On the basis of the vertical, the market has been segmented into industrial and non-industrial. At present, industrial exhibits a clear dominance in the market.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global computer vision market are Basler AG, Baumer Optronic, CEVA Inc., Cognex Corporation, Intel Corporation, Jai A/S, Keyence Corporation, Matterport Inc., Microsoft Corporation, National Instruments, Sony Corporation and Teledyne Technologies Inc.

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