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Computer Vision Market Size

  • Report ID: GMI5479
  • Published Date: Mar 2023
  • Report Format: PDF

Computer Vision Market Size

Computer Vision Market size crossed USD 12 billion in 2022 and is anticipated to register over 15% CAGR from 2023 to 2032.

 

The paradigm shift towards smart technologies powered by next-generation artificial intelligence (AI), the internet of things (IoT), and machine learning models will complement the industry outlook. In the recent past, AI and IoT have attracted hefty investments due to their ability to help computers identify defects, objects, and flaws with the help of automated robotic systems. With the rapid penetration of smartphones and the growing advancements in facial unlock features, eye retina scanners, fingerprint scanners, and other smart features, the adoption of computer vision is expected to rise, thereby driving the industry growth

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of computer vision was worth more than USD 12 billion in 2022 and is poised to witness over 15% CAGR from 2023-2032.

The hardware components segment is estimated to cross USD 20 billion by 2032, owing to the surging demand for smart cameras.

The industry size for computer vision in North America crossed USD 3 billion in 2022, due to the increasing manufacturing output in the U.S. and Canada.

Intel corp., NVIDIA corp., Microsoft, IBM, Google (Alphabet), and Teledyne Technology are some of the well-known companies in the market.

Computer Vision Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 273
  • Countries covered: 19
  • Pages: 350
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