HUAWEI TECHNOLOGIES CO. LTD., Hitachi Information & Telecommunication Engineering, Ltd., and Honeywell International Inc. Were Dominating the Asia-Pacific Image Recognition Market in 2020

The Asia-Pacific Image Recognition Market is expected to grow with a CAGR of 19.5% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The Asia-Pacific image recognition market is fragmented, including a specific number of key players and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players in the Asia-Pacific image recognition market are introducing a strong range of hardware and software portfolios. This helped companies to maximize sales with an enhanced service portfolio.

For instance,

  • In August 2021, Huawei Technologies Co., Ltd. launched seven new machine vision products. The key feature of this product was improved image quality evaluation standard using AI based features. These products helped the company improve its product portfolio and offered customers unique vision products with improved image/object identification and detection capabilities.

HUAWEI TECHNOLOGIES CO. LTD. is the dominating player in the Asia-Pacific image recognition market. The other key players existing in the market include IBM Corporation, Microsoft, Clarifai, Inc, Huawei Technologies Co., Ltd., TRAX IMAGE RECOGNITION, Vispera Information Technologies, Partium.io, LTU Tech, Blippar, Wikitude GmbH, Trigo, Ricoh, Honeywell International Inc., Google, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Qualcomm Technologies, Inc., Hitachi Information & Telecommunication Engineering, Ltd., and Amazon Web Services, Inc. among others.

Asia-Pacific Image Recognition Market HUAWEI TECHNOLOGIES CO., LTD.

Huawei Technologies Co., Ltd., is headquartered in Guangdong, China which was established in 1987. The company is engaged in manufacturing hardware and software solutions for image/object identification and detection for consumers. The product categories of the company include connectivity, cloud, and computing, and cloud and computing is the market-focused category

  • In October 2020, Huawei Technologies Co., Ltd. entered into a partnership with VisionLabs. The key feature of this partnership was to improve its image/object identification and detection capabilities using advanced vision technology. This partnership helped the company significantly improve the vision products together, hence offering unique solutions for consumers.

The company has a presence in North America, Europe, Asia-Pacific, South America, Middle East, and Asia-Pacific.

Hitachi Information & Telecommunication Engineering, Ltd.

Hitachi Information & Telecommunication Engineering, Ltd. is headquartered in Kanagawa-ken, Japan which was established in 1910. The company is engaged in manufacturing, designing, repairing, and selling various ICT products. The company's product categories include state prediction engine, flow-based object tracking solution, UM series, production facilities, document scanners, fiber-optic cable transmission, component, and production facility in the market-focused category.

  • In March 2020, Hitachi Information & Telecommunication Engineering, Ltd. Company developed a new solution for the human action recognition application. The company developed AI technology for image recognition in the video under low visibility & slight variation in motion. Through this new development company improved its product portfolio for the customers.

The company has a presence in North America, Europe, Asia-Pacific, and South America.

Honeywell International Inc

Honeywell International Inc, is headquartered in North Carolina, U.S. which was established in 1885. The company is engaged in designing and providing smart building security technologies and services to the customers. The products categories of the company include access control systems, integrated security, intrusion, video systems, MAXPRO cloud out of which integrated security, video systems and MAXPRO cloud are market-focused product categories.

  • In April 2019, Honeywell International Inc launched the product with AI powered video security and surveillance capabilities with the help of Intel’s offering. The Intel Vision is integrated with the MAXPRO platform to enhance security solutions. The company strengthened its product portfolio for the market with advanced features offering

The company has presence in North America, Europe, Asia-Pacific, South America, Middle East and Asia-Pacific.