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Computer Vision Market Size to Worth Around USD 30.5 Bn by 2030

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The worldwide Computer Vision market measurement is anticipated to achieve USD 30.5 billion by 2030 and is anticipated to increase at a CAGR of 12.3% from 2021 to 2030.

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Growth Factors

 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 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 advancements in deep learning techniques.

Report Coverage

Report Scope Details
Market Size USD 30.5 billion by 2030
Growth Rate CAGR of 12.3% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Component, Product type, Application, Vertical
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Cognex Corporation; Intel Corporation; Keyence Corporation; Matterport, Inc.; National Instruments; OMRON Corporation; Sony Semiconductor Solutions Corporation; Teledyne Digital Imaging Inc.; Teledyne Optech; Texas Instruments Incorporated

Report Highlights

Hardware component led the computer vision market and accounted for more than 73% share of the global revenue in 2020. The segment covers the scope of various hardware components, including processors, cameras, lenses, frame grabbers, LED lightings.

On the other hand, the software segment is expected to demonstrate a notable shift in its demand, registering a CAGR of 10.4% over the forecast period. The segment covers the scope of various software that enables the system’s functioning to deliver optimal identification and inspection.

PC-based computer vision systems segment led the market and accounted for more than 58% share of the global revenue in 2020. A PC-based vision system is generally dedicated to image-processing, due to which it needs several peripheral devices for other tasks, such as data transfer, frame grabbing, storage, and lighting.

the smart camera-based computer vision system segment is expected to demonstrate a notable shift in its demand, registering a CAGR of 22.3% over the forecast period. Smart camera-based vision systems are built with open-embedded processing technology that suppresses the requirement of peripheral devices, such as an external computer or a frame-capture card.

The quality assurance & inspection segment led the market and accounted for more than 30% share of the global revenue in 2020. Quality assurance refers to an integral part of the quality management department focused on providing sureness that quality requirements will be fulfilled.

The industrial segment led the market and accounted for more than 52% share of the global revenue in 2030. The industrial segment includes verticals that involve computer vision applications in manufacturing processes, such as automotive, consumer electronics, metals, wood & paper, food & packaging, machinery, and , among others.

Other industrial verticals for computer vision systems include food and packaging, pharmaceuticals, consumer electronics, rubber and plastics, and machinery, among other verticals that involve machine vision applications.

Asia Pacific dominated the market and accounted for over 42% share of global revenue in 2020. The presence of major players such as OMRON Corporation and Sony Semiconductor Solutions Corporation is expected to boost the market growth in the region.

Key Players

  • Cognex Corporation
  • Intel Corporation
  • Keyence Corporation
  • Matterport, Inc.
  • National Instruments
  • OMRON Corporation
  • Sony Semiconductor Solutions Corporation
  • Teledyne Digital Imaging Inc.
  • Teledyne Optech
  • Texas Instruments Incorporated

Market Segmentation

  • Component
    • Hardware
    • Software
  • Product Type
    • Smart Camera-Based Computer Vision System
    • PC-Based Computer Vision System
  • Application
    • Quality Assurance & Inspection
    • Positioning & Guidance
    • Measurement
    • Identification
    • Predictive Maintenance
    • 3D Visualization & Interactive 3D Modelling
  • Vertical
    • Industrial
    • Non-Industrial
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • Middle East and Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Computer Vision Market, By Component

7.1.  Computer Vision Market, by Component, 2021-2030

7.1.1.    Hardware

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Software

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Computer Vision Market, By Product Type

8.1.  Computer Vision Market, by Product Type, 2021-2030

8.1.1.    Smart Camera-Based Computer Vision System

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    PC-Based Computer Vision System

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Computer Vision Market, By Application

9.1.  Computer Vision Market, by Application, 2021-2030

9.1.1.    Quality Assurance & Inspection

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Positioning & Guidance

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Measurement

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Identification

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Predictive Maintenance

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    3D Visualization & Interactive 3D Modelling

9.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Computer Vision Market, By Vertical

10.1.        Computer Vision Market, by Vertical, 2021-2030

10.1.1.  Industrial

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Non-Industrial

10.1.2.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Computer Vision Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Component (2017-2030)

11.1.2.  Market Revenue and Forecast, by Product Type (2017-2030)

11.1.3.  Market Revenue and Forecast, by Application (2017-2030)

11.1.4.  Market Revenue and Forecast, by Vertical (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Component (2017-2030)

11.2.2.  Market Revenue and Forecast, by Product Type (2017-2030)

11.2.3.  Market Revenue and Forecast, by Application (2017-2030)

11.2.4.  Market Revenue and Forecast, by Vertical (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Component (2017-2030)

11.3.2.  Market Revenue and Forecast, by Product Type (2017-2030)

11.3.3.  Market Revenue and Forecast, by Application (2017-2030)

11.3.4.  Market Revenue and Forecast, by Vertical (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Component (2017-2030)

11.4.2.  Market Revenue and Forecast, by Product Type (2017-2030)

11.4.3.  Market Revenue and Forecast, by Application (2017-2030)

11.4.4.  Market Revenue and Forecast, by Vertical (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Component (2017-2030)

11.5.2.  Market Revenue and Forecast, by Product Type (2017-2030)

11.5.3.  Market Revenue and Forecast, by Application (2017-2030)

11.5.4.  Market Revenue and Forecast, by Vertical (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by Vertical (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Product Type (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by Vertical (2017-2030)

Chapter 12.  Company Profiles

12.1.              Cognex Corporation

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Intel Corporation

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Keyence Corporation

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Matterport, Inc.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              National Instruments

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              OMRON Corporation

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Sony Semiconductor Solutions Corporation

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Teledyne Digital Imaging Inc.

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Teledyne Optech

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.

12.11.           Texas Instruments Incorporated

12.11.1.               Company Overview

12.11.2.               Product Offerings

12.11.3.               Financial Performance

12.11.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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