Global Computer Vision Market is Expected to Grow at 5.3% in the Forecast Period of 2021 to 2028

Global Computer Vision Market is forecasted to grow at 5.3% with factor such as factor Rising adoption of AI using computer vision systems.

Computer vision market has shown an exceptional penetration in countries such as U.S. as the for integration of deep learning with computer vision and rising adoption of Artificial intelligence (AI) using computer vision systems is boosting the growth in developed countries. In developing countries, growing need of computer vision in automotive and manufacturing industries is creating opportunity for the global computer vision market.

Computer Vision Market Scenario

According to Data Bridge Market Research, the market for global computer vision in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Texas Instruments Incorporated, which accounts an estimated market share of approximately 5% to 10% in the global market. The company has gained outstanding sale by providing computer vision products.

For instance,

  • In September 2018, Texas Instruments Incorporated launched a new computer vision product that could make its own decision, which can significantly help automobile industries. It is designed using CMOS radar sensor, with a microcontroller, a radio frequency. This product helped to gain reliability and trust for the company among customers.

Computer Vision Market Trends Impacting the Market

Now the question is which other regions Texas Instruments Incorporated, Cognex Corporation, Teledyne Technologies Incorporated are targeting? Data Bridge Market Research has forecasted a large growth in North America computer vision market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.

The computer vision is becoming more competitive every year with companies Texas Instruments Incorporated, Cognex Corporation, Teledyne Technologies Incorporated as they are the market leaders for computer vision. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the computer vision market.

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computer vision Market Development in 2021

  • In May 2021, Teledyne Technologies Incorporated launched a new 2k and 4k line scan camera, which was designed keeping compactness and size in mind. It was 45% smaller than the original line camera. The cameras are available in 2k and 4k resolutions in monochrome and bilinear color. This product is unique as it can be used for various applications such as identity verification, object detection.

Scope of the Computer Vision Market

All country based analysis of global computer vision market is further analysed based on maximum granularity into further segmentation. On the basis of component, the global computer vision market is segmented into hardware and software. Hardware segment is further sub segmented as cameras, frame grabbers, optics, led lighting, processors. Cameras segment is further divided by interface standards into USB 2.0, USB 3.0, camera link, camera link HS, GIGE and others, by frame rate into less than 25 FPS, 25–125 FPS and more than 125 FPS, by format into line scan and area scan, by sensor type into CMOS and CCD. Processors segment is further sub-segmented into FPGAS, DSPS, microcontrollers and microprocessors and VPUS. Software segment is further sub-segmented as traditional computer vision and deep learning. On the basis of application, the global computer vision market has been segmented into predictive maintenance, identification, positioning & guidance, quality assurance & inspection. On the basis of vertical, global computer vision market has been segmented into industrial vertical, non-industrial vertical. Industrial vertical segment is further sub segmented as automotive, solar panel manufacturing, textiles, food and packaging, rubber and plastics, printing, machinery, wood and paper, pharmaceuticals, metals, glass, electronics and semiconductor, consumer electronics. Non-industrial vertical segment is further sub segmented as healthcare, sports and entertainment, retail, intelligent transportation systems, agriculture, autonomous and semi-autonomous vehicles, consumer electronics, security and surveillance, postal and logistics. On the basis of product, global computer vision market has been segmented into smart camera-based computer vision systems, PC-based computer vision systems.

To know more about the study

Key Pointers Covered in Computer Vision Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Texas Instruments Incorporated
  • Cognex Corporation
  • Teledyne Technologies Incorporated
  • OMRON Corporation
  • Intel Corporation
  • Baumer
  • Clarifai, Inc
  • Tordivel AS
  • JAI A/S
  • CEVA, Inc.
  • Synopsys, Inc.
  • Cadence Design Systems, Inc.
  • Basler AG
  • AMETEK, Inc.,

Above are the key players covered in the report, to know about more and exhaustive list of computer vision companies’, contact us

Research Methodology: Global Computer Vision Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Managers, Directors, Government, manufacturing companies, automotive companies,
  • Supply Side: Service Providers, computer vision Companies, Marketing Managers, Logistics Managers and C-Level Executives among others.

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