Product Code: GVR-4-68039-035-9
Computer Vision Market Growth & Trends
The global computer vision market size is expected to reach USD 19.1 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.6% from 2020 to 2027. This technology has emerged as an emulation of a human visual system to support the automation tasks that require visual cognition. However, the process of image deciphering is more complicated than analyzing data in a binary form due to the vast amount of multi-dimensional data in an image for analysis. Artificial neural networks and deep learning are being used to increase computer vision's capabilities of replicating human vision, to address such complexity in developing AI systems to recognize visual data. Besides, this technology has become more adept at pattern recognition than the human visual cognitive system, with the advents in deep learning techniques.
Also, different trends are emerging in the use of computer vision techniques and tools after the COVID-19 outbreaks. It is being used for multiple purposes of fighting against COVID-19, such as medical data monitoring to diagnose patients and movement and traffic control in urban spaces. For instance, Numina, a U.S.-based startup that delivers real-time insights using computer vision for the development of sustainable cities, has developed a tool that enables monitoring of social distancing in the cities, such as New York. Also, the tool built by Numina provides real-time insights on pedestrian movements to monitor how people are following social distancing guidelines (2-meter distance). For another instance, in December 2019, BlueDot, a Canadian start-up that provides an AI platform for infectious disease detection, predicted the coronavirus infections before the statement released by the World Health Organization (WHO) for the pandemic. Therefore, from accelerated drug discovery to social distancing monitoring, AI-enabled with computer vision is at the forefront in the fight against this pandemic.
Artificial intelligence with computer vision technology is becoming increasingly popular in different use-cases, such as imagery solutions in consumer drones and autonomous and semi-autonomous vehicles. Also, the recent advancements in computer vision comprising image sensors, advanced cameras, and deep learning techniques have widened the scope for these systems in various industries, including education, healthcare, robotics, consumer electronics, retail, manufacturing, and security and surveillance, among others. For instance, image captioning in social media platforms is one of the most popular applications of computer vision. These platforms use deep learning algorithms to apply pattern recognition in images shared by the users and provide textual information extracted from the images.
Computer Vision Market Report Highlights
Vision inspection solutions to food and beverages, pharmaceuticals, and automotive industries, provide vision systems for robotic vision and quality control is expected to be prevalent over the projected period
Deep learning algorithms using Convolutional Neural Network (CNN) classifiers allow image classification and object/ pattern recognition, and their segmentation at speed. The development of these AI-powered deep learning systems is anticipated to boost the market growth
Facial recognition and biometric scanning systems in the security and surveillance industry are significantly driving the market growth with the rising use of pattern recognition in high-confidentiality workplaces, such as research labs, nuclear power plants, and bank vaults
Tasks automation in manufacturing units is one of the significant use-cases of computer vision technology as machine vision is highly used for the inspection of manufactured products for non-conformities and defects
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Information Procurement and Research Scope
- 1.2 Information Analysis
- 1.3 Market formulation & data visualization
- 1.4 Market Scope And Assumptions
- 1.4.1 Secondary Sources
- 1.4.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Computer Vision - Industry Snapshot & Key Buying Criteria, 2016 - 2027
- 2.2 Global
- 2.2.1 Global Computer Vision Market, 2016 - 2027
- 2.2.2 Global Computer Vision Market, By Component, 2016 - 2027
- 2.2.3 Global Computer Vision Market, By Product Type, 2016 - 2027
- 2.2.4 Global Computer Vision Market, By Application, 2016 - 2027
- 2.2.5 Global Computer Vision Market, By Vertical, 2016 - 2027
- 2.2.6 Global Computer Vision Market, By Region, 2016 - 2027
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Computer Vision Size And Growth Prospects
- 3.3 Computer Vision - Value Chain Analysis
- 3.4 Computer Vision Market Dynamics
- 3.4.1 Market Drivers
- 3.4.1.1 Rapid Adoption Of Process Automation In Manufacturing Industry
- 3.4.1.2 Surge In Demand For Vision-Guided Robotic Systems
- 3.4.1.3 Increasing Favorable Government Initiatives
- 3.4.1.4 Increasing Demand For Hybrid And Electric Cars
- 3.4.2 Market Restraint
- 3.4.2.1 Variation In Application-Specific Requirements
- 3.4.2.2 Lack Of Robust And Flexible Vision Systems
- 3.5 Penetration & Key Opportunities Mapping
- 3.6 Industry Analysis - Porter's
- 3.6.1 Supplier Power
- 3.6.2 Buyer Power
- 3.6.3 Substitution Threat
- 3.6.4 Threat From New Entrant
- 3.6.5 Competitive Rivalry
- 3.7 Computer Vision - Pest Analysis
- 3.7.1 Political
- 3.7.2 Economic
- 3.7.3 Social
- 3.7.4 Technological
- 3.8 Computer Vision - COVID-19 Impact Analysis
Chapter 4 Computer Vision Market: Component Estimates & Trend Analysis
- 4.1 Computer Vision Market: Component Movement Analysis
- 4.1.1 Hardware
- 4.1.1.1. Hardware Computer Vision Market, By Region, 2016 - 2027
- 4.1.1.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 4.1.2 Software
- 4.1.2.1. Software Computer Vision Market, By Region, 2016 - 2027
- 4.1.2.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
Chapter 5 Computer Vision Market: Product Type Estimates & Trend Analysis
- 5.1 Computer Vision Market: Product Type Movement Analysis
- 5.1.1 Smart Camera-Based Computer Vision System
- 5.1.1.1. Smart Camera-Based Computer Vision System Market, By Region, 2016 - 2027
- 5.1.1.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 5.1.2 Pc-Based Computer Vision System
- 5.1.2.1. Pc-Based Computer Vision System Market, By Region, 2016 - 2027
- 5.1.2.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
Chapter 6 Computer Vision Market: Application Estimates & Trend Analysis
- 6.1 Computer Vision Market: Application Movement Analysis
- 6.1.1 Quality Assurance & Inspection
- 6.1.1.1. Quality Assurance & Inspection Computer Vision Market, By Region, 2016 - 2027
- 6.1.1.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 6.1.2 Positioning & Guidance
- 6.1.2.1. Positioning & Guidance Computer Vision Market, By Region, 2016 - 2027
- 6.1.2.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 6.1.3 Measurement
- 6.1.3.1. Measurement Computer Vision Market, By Region, 2016 - 2027
- 6.1.3.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 6.1.4 Identification
- 6.1.4.1. Identification Computer Vision Market, By Region, 2016 - 2027
- 6.1.4.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 6.1.5 Predictive Maintenance
- 6.1.5.1. Predictive Maintenance Computer Vision Market, By Region, 2016 - 2027
- 6.1.5.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 6.1.6 3d Visualiazation & Interactive 3d Modeling
- 6.1.6.1. 3d Visualiazation & Interactive 3d Modeling Computer Vision Market, By Region, 2016 - 2027
- 6.1.6.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
Chapter 7 Computer Vision Market: Vertical Estimates & Trend Analysis
- 7.1 Computer Vision Market: Vertical Movement Analysis
- 7.1.1 Industrial
- 7.1.1.1. Industrial Computer Vision Market, By Region, 2016 - 2027
- 7.1.1.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
- 7.1.2 Non-Industrial
- 7.1.2.1. Non-Industrial Computer Vision Market, By Region, 2016 - 2027
- 7.1.2.1.1. Market Estimates And Forecasts, 2016 - 2027 (USD Million)
Chapter 8 Computer Vision Market: Regional Estimates & Trend Analysis
- 8.1 Computer Vision Market: Regional Movement Analysis
- 8.2 North America
- 8.2.1 Regional Trends
- 8.2.2 North America Computer Vision Market, 2016 - 2027
- 8.2.2.1 North America Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.2.2.2 North America Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.2.2.3 North America Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.2.2.4 North America Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.2.2.5 The U.S. Computer Vision Market, 2016 - 2027
- 8.2.2.5.1 The U.S. Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.2.2.5.2 The U.S. Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.2.2.5.3 The U.S. Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.2.2.5.4 The U.S. Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.2.2.6 Canada Computer Vision Market, 2016 - 2027
- 8.2.2.6.1 Canada Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.2.2.6.2 Canada Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.2.2.6.3 Canada Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.2.2.6.4 Canada Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.2.2.7 Mexico Computer Vision Market, 2016 - 2027
- 8.2.2.7.1 Mexico Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.2.2.7.2 Mexico Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.2.2.7.3 Mexico Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.2.2.7.4 Mexico Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.3 Europe
- 8.3.1 Regional Trends
- 8.3.2 Europe Computer Vision Market, 2016 - 2027
- 8.3.2.1 Europe computer vision market by component, 2016 - 2027 (USD Million)
- 8.3.2.2 Europe computer vision market by product type, 2016 - 2027 (USD Million)
- 8.3.2.3 Europe computer vision market by application, 2016 - 2027 (USD Million)
- 8.3.2.4 Europe computer vision market by vertical, 2016 - 2027 (USD Million)
- 8.3.2.5 The U.K. computer vision market, 2016 - 2027
- 8.3.2.5.1 The U.K. computer vision market by component, 2016 - 2027 (USD Million)
- 8.3.2.5.2 The U.K. computer vision market by product type, 2016 - 2027 (USD Million)
- 8.3.2.5.3 The U.K. computer vision market by application, 2016 - 2027 (USD Million)
- 8.3.2.5.4 The U.K. computer vision market by vertical, 2016 - 2027 (USD Million)
- 8.3.2.6 Germany computer vision market, 2016 - 2027
- 8.3.2.6.1 Germany computer vision market by component, 2016 - 2027 (USD Million)
- 8.3.2.6.2 Germany computer vision market by product type, 2016 - 2027 (USD Million)
- 8.3.2.6.3 Germany computer vision market by application, 2016 - 2027 (USD Million)
- 8.3.2.6.4 Germany computer vision market by vertical, 2016 - 2027 (USD Million)
- 8.3.2.7 France computer vision market, 2016 - 2027
- 8.3.2.7.1 France computer vision market by component, 2016 - 2027 (USD Million)
- 8.3.2.7.2 France computer vision market by product type, 2016 - 2027 (USD Million)
- 8.3.2.7.3 France computer vision market by application, 2016 - 2027 (USD Million)
- 8.3.2.7.4 France computer vision market by vertical, 2016 - 2027 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Regional Trends
- 8.4.2 Asia Pacific Computer Vision Market, 2016 - 2027
- 8.4.2.1 Asia Pacific Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.4.2.2 Asia Pacific Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.4.2.3 Asia Pacific Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.4.2.4 Asia Pacific Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.4.2.5 China Computer Vision Market, 2016 - 2027
- 8.4.2.5.1 China Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.4.2.5.2 China Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.4.2.5.3 China Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.4.2.5.4 China Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.4.2.6 Japan Computer Vision Market, 2016 - 2027
- 8.4.2.6.1 Japan Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.4.2.6.2 Japan Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.4.2.6.3 Japan Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.4.2.6.4 Japan Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.4.2.7 India Computer Vision Market, 2016 - 2027
- 8.4.2.7.1 India Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.4.2.7.2 India Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.4.2.7.3 India Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.4.2.7.4 India Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.5 South America
- 8.5.1 Regional Trends
- 8.5.2 South America Computer Vision Market, 2016 - 2027
- 8.5.2.1 South America Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.5.2.2 South America Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.5.2.3 South America Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.5.2.4 South America Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.5.2.5 Brazil Computer Vision Market, 2016 - 2027
- 8.5.2.5.1 Brazil Computer Vision Market By Component, 2016 - 2027 (USD Million)
- 8.5.2.5.2 Brazil Computer Vision Market By Product Type, 2016 - 2027 (USD Million)
- 8.5.2.5.3 Brazil Computer Vision Market By Application, 2016 - 2027 (USD Million)
- 8.5.2.5.4 Brazil Computer Vision Market By Vertical, 2016 - 2027 (USD Million)
- 8.6 The Middle East & Africa (Mea)
- 8.6.1 Regional Trends
- 8.6.2 Mea Computer Vision Market, 2016 - 2027
- 8.6.2.1 MEA computer vision market by component, 2016 - 2027 (USD Million)
- 8.6.2.2 MEA computer vision market by product type, 2016 - 2027 (USD Million)
- 8.6.2.3 MEA computer vision market by application, 2016 - 2027 (USD Million)
- 8.6.2.4 MEA computer vision market by vertical, 2016 - 2027 (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Company Profiles
- 9.1.1 Cognex Corporation
- 9.1.1.1 Company overview
- 9.1.1.2 Financial performance
- 9.1.1.3 Product benchmarking
- 9.1.1.4 Recent developments
- 9.1.2 Intel Corporation
- 9.1.2.1 Company overview
- 9.1.2.2 Financial performance
- 9.1.2.3 Product benchmarking
- 9.1.2.4 Recent developments
- 9.1.3 Keyence Corporation
- 9.1.3.1 Company overview
- 9.1.3.2 Financial performance
- 9.1.3.3 Product benchmarking
- 9.1.3.4 Recent developments
- 9.1.4 Matterport, Inc.
- 9.1.4.1 Company overview
- 9.1.4.2 Product benchmarking
- 9.1.4.3 Recent developments
- 9.1.5 National Instruments
- 9.1.5.1 Company overview
- 9.1.5.2 Financial performance
- 9.1.5.3 Product benchmarking
- 9.1.5.4 Recent developments
- 9.1.6 OMRON Corporation
- 9.1.6.1 Company overview
- 9.1.6.2 Financial performance
- 9.1.6.3 Product benchmarking
- 9.1.6.4 Recent developments
- 9.1.7 Sony Semiconductor Solutions Corporation
- 9.1.7.1 Company overview
- 9.1.7.2 Financial performance
- 9.1.7.3 Product benchmarking
- 9.1.7.4 Recent developments
- 9.1.8 Teledyne Digital Imaging Inc
- 9.1.8.1 Company overview
- 9.1.8.2 Financial performance
- 9.1.8.3 Product benchmarking
- 9.1.8.4 Recent developments
- 9.1.9 Teledyne Optech
- 9.1.9.1 Company overview
- 9.1.9.2 Financial performance
- 9.1.9.2 Product benchmarking
- 9.1.9.3 Recent developments
- 9.1.10 Texas Instruments Incorporated
- 9.1.10.1 Company overview
- 9.1.10.2 Financial performance
- 9.1.10.3 Product benchmarking
- 9.1.10.4 Recent developments
比較リスト
