Market Overview:
The global computer vision market exhibited strong growth during 2015-2020. 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.
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. Looking forward, IMARC Group expects the global computer vision market to grow at a CAGR of around 7% during the forecast period (2021-2026).
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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, product type, application and vertical.
Breakup by Component:
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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
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% during 2021-2026.
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.
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$), 2015-2020
Figure 3: Global: Computer Vision Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Computer Vision Market: Breakup by Component (in %), 2020
Figure 5: Global: Computer Vision Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Computer Vision Market: Breakup by Application (in %), 2020
Figure 7: Global: Computer Vision Market: Breakup by Vertical (in %), 2020
Figure 8: Global: Computer Vision Market: Breakup by Region (in %), 2020
Figure 9: Global: Computer Vision (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Computer Vision (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Computer Vision (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Computer Vision (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Computer Vision (Smart Camera-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Computer Vision (Smart Camera-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Computer Vision (PC-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Computer Vision (PC-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Computer Vision (Quality Assurance and Inspection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Computer Vision (Quality Assurance and Inspection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Computer Vision (Positioning and Guidance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Computer Vision (Positioning and Guidance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Computer Vision (Measurement) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Computer Vision (Measurement) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Computer Vision (Identification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Computer Vision (Identification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Computer Vision (Predictive Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Computer Vision (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Computer Vision (3D Visualization and Interactive 3D Modelling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Computer Vision (3D Visualization and Interactive 3D Modelling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Computer Vision (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Computer Vision (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Computer Vision (Non-Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Computer Vision (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia-Pacific: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia-Pacific: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Computer Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Computer Vision Market: Breakup by Country (in %), 2020
Figure 81: Middle East and Africa: Computer Vision Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Computer Vision Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Computer Vision Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Global: Computer Vision Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Computer Vision Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 6: Global: Computer Vision Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Computer Vision Market: Competitive Structure
Table 8: Global: Computer Vision Market: Key Players