AI In Computer Vision Overview
The global AI in computer vision market witnesses high traction. The market growth attributes to the rapidly growing automotive and sports & entertainment industries worldwide. Besides, improving the computing capabilities of processors drives the market growth. Artificial intelligence technology is rapidly finding its way into consumer products and services. Tech giants are increasingly introducing the latest advances in AI that can make personal devices smarter and useful. With the rising implementations of AI in computer vision technology in the automotive and 3D gaming sectors, the market is expected to create a significant revenue pocket in the next few years.
AI in Computer Vision is the use of artificial intelligence (AI) to process and analyze visual data from images and videos. AI computer vision enables machines to understand the content of an image or video, and to make decisions based on that data. This could include recognizing objects, faces, or actions in an image or video, or understanding the context of the image or video.
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AI in Computer Vision Market - Segments
The report is segmented into components, verticals, and regions. The component segment is sub-segmented into hardware (memory, processor (CPU, GPU, FGPA), and network) and software. The vertical segment is sub-segmented into automotive, healthcare, agriculture, security, sports & entertainment, and others. The region segment is sub-segmented into Europe, North America, APAC, MEA, and Rest-of-the-World.
AI in Computer Vision Market - Regional Analysis
North America dominates the global AI in computer vision market. Factors such as the growing demand from the gaming industry and the presence of global IT leaders drive the market growth. Besides, evolving AI expertise market and the growing demand from the end-user segments in the region boost the market shares.
Moreover, the manufacturing and automotive sectors in the region drive the growth of the market. Increasing R&D investments and rising business digital transformation push the growth of the market demand in the region.
AI in Computer Vision Market - Competitive Analysis
Highly competitive, the AI in computer vision market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services, substantially investing in R&D to develop adept technologies and products.
Major Players:
Players leading the AI in computer vision market are Google LLC (US), Qualcomm Technologies, Inc. (US), Allied Vision Technologies GmbH (Germany), NVIDIA Corporation (US), Basler AG (Germany), Facebook (US), Microsoft Corporation (US), Apple Inc. (US), Intel Corporation (US), and COGNEX Corporation (US), among others.
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Industry/Innovation/Related News:
Nov 10, 2021 --- Standard AI (Standard Cognition), a leading global provider of computer vision for retail, announced the completion of the acquisition of ThirdEye Labs (ThirdEye –The UK), a rapidly growing computer vision company. The acquisition would enable Standard AI to expand its capabilities of AI platforms in exciting new ways to drive forward the autonomous retail future.
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