Industry Outlook
AI in the computer vision market is expected to grow at a CAGR of 13.1% during the forecast period. Automated software known as artificial intelligence in computer vision allows computers and systems to produce valuable information from digital photos, movies, and other visual inputs. Actions and recommendations can be made depending on the information that has been extracted. Furthermore, the primary driver of the global market expansion is the increasing use of smartphones in conjunction with the introduction of innovative technologies such as artificial intelligence. Furthermore, cell phones have grown more popular owing to the availability of high-speed internet connectivity. As a result, industry participants are also concentrating on implementing AI in computer vision solutions that run on smartphones, supporting market expansion even more. For instance, in April 2024, A Paris-based firm focused on computer vision and AI compression, Datakalab, was acquired by Apple. The French startup claimed to be an authority on on-device, low-power, and runtime-efficient deep learning techniques.
The global AI in the computer vision market is segmented by components, applications, and end users. Based on the component, the market is sub-segmented into hardware and software. Based on the application, the market is sub-segmented into industrial and non-industrial. Furthermore, based on end-user, the market is sub-segmented into automotive & transportation, healthcare, manufacturing, consumer electronics, including security & surveillance, agriculture, and retail. Owing to the growing development of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in the healthcare industry, which simplifies processes overall while lowering the risk of contamination, the healthcare sub-segment of the end-user market is expected to have a sizable market share.
Software Sub-Segment is Anticipated to Hold a Considerable Share of the Global AI in Computer Vision Market
It is anticipated that the software subsegment will account for a significant portion of the global market for artificial intelligence in computer vision. The increasing effect of AI is credited with the segmental expansion. Each software firm is growing more aware of the benefits and advancements of AI, which has led them to develop their AI-based software development. Owing to this, leading software developers are concentrating on funding efficient AI computer vision solutions for their businesses. For instance, in July 2023, Skaivision received new venture capital funding from JM Family Enterprises, a mainstay of the auto retail sector. The goal of Skaivision's computer vision AI for car dealerships is to increase retail productivity and enhance the general consumer experience.
Global Artificial Intelligence (AI) in Computer Vision Market Share By Component, 2024 (%)
The global AI in computer vision market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is expected to grow at a prominent CAGR over the forecast period, owing to the rapidly increasing inclination of the regional population towards the various types of technologies. Countries including India and China possess high potential attributed to the continuously growing economy that in turn has gained the attention of several software organizations to expand their presence in Asian countries.
The North American Region is Expected to Hold a Prominent Share of the Global AI in Computer Vision Market
The North American region accounts for the highest proportion of the AI market in computer vision. Owing to the existence of major international market participants in the North American region, the global market has grown dominant. To meet the increasing demand for intelligent automation technologies, more money is being spent on research and development to create advanced continue to keep its top spot during the projection period. Another important element driving the market in North America is the rapidly expanding advancements in the healthcare sector that use AI-based solutions.
The major companies serving the AI in computer vision market include Basler AG, Cisco Systems, Inc., Cognex Corp., GE Vernova Group, Google LLC (Alphabet Inc.), Graphcore Ltd., IBM Corp, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Global AI in Computer Vision Market Sales Analysis – Component | Application| End- User ($ Million)
1.1. Research Methodology
• Primary Research Approach
• Secondary Research Approach
2. Market Overview and Insights
2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Global AI in Computer Vision Market Trends
2.2.2. Market Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Market Drivers
3.1.1. Drivers For Global AI in Computer Vision Market: Impact Analysis
3.2. Market Pain Points and Challenges
3.2.1. Restraints For Global AI in Computer Vision Market: Impact Analysis
3.3. Market Opportunities
4. Competitive Landscape
4.1. Competitive Dashboard – Global AI in Computer Vision Market Revenue by Manufacturers
4.2. Key Company Analysis
4.2.1. Overview
4.2.2. Product Portfolio
4.2.3. Financial Analysis (Subject to Data Availability)
4.2.4. SWOT Analysis
4.2.5. Business Strategy
4.3. Top Winning Strategies by Market Players
4.3.1. Merger and Acquisition
4.3.2. Product Launch
4.3.3. Partnership And Collaboration
5. Global AI in Computer Vision Market by Component ($ Million)
5.1. Hardware
5.2. Software & Services
6. Global AI in Computer Vision Market by Application ($ Million)
6.1. Industrial
6.2. Non-industrial
7. Global AI in Computer Vision Market by End-User ($ Million)
7.1. Automotive & Transportation
7.2. Healthcare
7.3. Manufacturing
7.4. Consumer Electronics
7.5. (Security & Surveillance, Agriculture, and Retail)
8. Regional Analysis
• North American AI in Computer Vision Market Sales Analysis Component | Application| End- User | Country ($ Million)
8.1.1. United States
8.1.2. Canada
• European AI in Computer Vision Market Sales Analysis Component | Application| End- User | Country ($ Million)
8.1.3. UK
8.1.4. Germany
8.1.5. Italy
8.1.6. Spain
8.1.7. France
8.1.8. Russia
8.1.9. Rest of Europe
• Asia-Pacific AI in Computer Vision Market Sales Analysis Component | Application| End- User | Country ($ Million)
8.1.10. China
8.1.11. Japan
8.1.12. South Korea
8.1.13. India
8.1.14. Australia & New Zealand
8.1.15. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
8.1.16. Rest of Asia-Pacific
• Rest of the World AI in Computer Vision Market Sales Analysis Component | Application| End-User | Country ($ Million)
8.1.17. Latin America
8.1.18. Middle East and Africa
9. Company Profiles
9.1. Allied Vision Technologies GmbH (Edge AI)
9.2. Amazon.com, Inc.
9.3. Apple Inc.
9.4. Basler AG
9.5. Cisco Systems, Inc.
9.6. Dell Inc.
9.7. GE Vernova Group
9.8. Google LLC (Alphabet Inc.)
9.9. Graphcore Ltd.
9.10. IBM Corp.
9.11. Intel Corp.
9.12. Meta Platforms, Inc. (Facebook)
9.13. Micron Technology Inc.
9.14. Microsoft Corp.
9.15. Nvidia Corp.
9.16. Oracle Corp.
9.17. Qualcomm Technologies, Inc.
9.18. Spark Cognition Inc.
9.19. Ultraleap Ltd.
1. Global AI In Computer Vision Market Research And Analysis By Component, 2024-2035 ($ Million)
2. Global AI Hardware In Computer Vision Market Research And Analysis By Region, 2024-2035 ($ Million)
3. Global AI Software In Computer Vision Market Research And Analysis By Region, 2024-2035 ($ Million)
4. Global AI In Computer Vision Market Research And Analysis By Application, 2024-2035 ($ Million)
5. Global AI In Computer Vision For Industrial Market Research And Analysis, 2024-2035 ($ Million)
6. Global AI In Computer Vision For Non-Industrial Market Research And Analysis, 2024-2035 ($ Million)
7. Global AI In Computer Vision Market Research And Analysis By End User, 2024-2035 ($ Million)
8. Global AI In Computer Vision For Automotive & Transportation Market Research And Analysis, 2024-2035 ($ Million)
9. Global AI In Computer Vision For Healthcare Market Research And Analysis, 2024-2035 ($ Million)
10. Global AI In Computer Vision For Manufacturing Market Research And Analysis, 2024-2035 ($ Million)
11. Global AI In Computer Vision For Consumer Electronics Market Research And Analysis, 2024-2035 ($ Million)
12. Global AI In Computer Vision For Other End Users Market Research And Analysis, 2024-2035 ($ Million)
13. Global AI In Computer Vision Market Research And Analysis By Region, 2024-2035 ($ Million)
14. North American AI In Computer Vision Market Research And Analysis By Country, 2024-2035 ($ Million)
15. North American AI In Computer Vision Market Research And Analysis By Component, 2024-2035 ($ Million)
16. North American AI In Computer Vision Market Research And Analysis By Application, 2024-2035 ($ Million)
17. North American AI In Computer Vision Market Research And Analysis By End User, 2024-2035 ($ Million)
18. European AI In Computer Vision Market Research And Analysis By Country, 2024-2035 ($ Million)
19. European AI In Computer Vision Market Research And Analysis By Component, 2024-2035 ($ Million)
20. European AI In Computer Vision Market Research And Analysis By Application, 2024-2035 ($ Million)
21. European AI In Computer Vision Market Research And Analysis By End User, 2024-2035 ($ Million)
22. Asia-Pacific AI In Computer Vision Market Research And Analysis By Country, 2024-2035 ($ Million)
23. Asia-Pacific AI In Computer Vision Market Research And Analysis By Component, 2024-2035 ($ Million)
24. Asia-Pacific AI In Computer Vision Market Research And Analysis By Application, 2024-2035 ($ Million)
25. Asia-Pacific AI In Computer Vision Market Research And Analysis By End User, 2024-2035 ($ Million)
26. Rest Of The World AI In Computer Vision Market Research And Analysis By Region, 2024-2035 ($ Million)
27. Rest Of The World AI In Computer Vision Market Research And Analysis By Component, 2024-2035 ($ Million)
28. Rest Of The World AI In Computer Vision Market Research And Analysis By Application, 2024-2035 ($ Million)
29. Rest Of The World AI In Computer Vision Market Research And Analysis By End User, 2024-2035 ($ Million)
1. Global AI In Computer Vision Market Share By Component, 2024 Vs 2035 (%)
2. Global AI Hardware In Computer Vision Market Share By Region, 2024 Vs 2035 (%)
3. Global AI Software In Computer Vision Market Share By Region, 2024 Vs 2035 (%)
4. Global AI In Computer Vision Market Share By Application, 2024 Vs 2035 (%)
5. Global AI In Computer Vision For Industrial Market Share By Region, 2024 Vs 2035 (%)
6. Global AI In Computer Vision For Non-Industrial Market Share By Region, 2024 Vs 2035 (%)
7. Global AI In Computer Vision Market Share Analysis By End User, 2024-2035 ($ Million)
8. Global AI In Computer Vision For Automotive & Transportation Market Share By Region, 2024 Vs 2035 (%)
9. Global AI In Computer Vision For Healthcare Market Share By Region, 2024 Vs 2035 (%)
10. Global AI In Computer Vision For Manufacturing Market Share By Region, 2024 Vs 2035 (%)
11. Global AI In Computer Vision For Consumer Electronics Market Share By Region, 2024 Vs 2035 (%)
12. Global AI In Computer Vision For Other End Users Market Share By Region, 2024 Vs 2035 (%)
13. Global AI In Computer Vision Market Share By Region, 2024 Vs 2035 (%)
14. US AI In Computer Vision Market Size, 2024-2035 ($ Million)
15. Canada AI In Computer Vision Market Size, 2024-2035 ($ Million)
16. UK AI In Computer Vision Market Size, 2024-2035 ($ Million)
17. France AI In Computer Vision Market Size, 2024-2035 ($ Million)
18. Germany AI In Computer Vision Market Size, 2024-2035 ($ Million)
19. Italy AI In Computer Vision Market Size, 2024-2035 ($ Million)
20. Spain AI In Computer Vision Market Size, 2024-2035 ($ Million)
21. Russia AI In Computer Vision Market Size, 2024-2035 ($ Million)
22. Rest Of Europe AI In Computer Vision Market Size, 2024-2035 ($ Million)
23. India AI In Computer Vision Market Size, 2024-2035 ($ Million)
24. China AI In Computer Vision Market Size, 2024-2035 ($ Million)
25. Japan AI In Computer Vision Market Size, 2024-2035 ($ Million)
26. South Korea AI In Computer Vision Market Size, 2024-2035 ($ Million)
27. Australia & New Zealand AI In Computer Vision Market Size, 2024-2035 ($ Million)
28. ASEAN Countries AI In Computer Vision Market Size, 2024-2035 ($ Million)
29. Rest Of Asia-Pacific AI In Computer Vision Market Size, 2024-2035 ($ Million)
30. Rest Of The World AI In Computer Vision Market Size, 2024-2035 ($ Million)
The size of the Artificial Intelligence (AI) in Computer Vision market in 2024 is estimated to be around USD 16.99 billion.
North American holds the largest share in the Artificial Intelligence (AI) in Computer Vision market.
Leading players in the Artificial Intelligence (AI) in Computer Vision market include Basler AG, Cisco Systems, Inc., Cognex Corp., GE Vernova Group, Google LLC (Alphabet Inc.), Graphcore Ltd., IBM Corp, and others
Artificial Intelligence (AI) in Computer Vision market is expected to grow at a CAGR of 13.1% from 2025 to 2035.
The AI in Computer Vision market is growing due to rising automation demand, AI advancements, and expanding use in surveillance, autonomous vehicles, and quality inspection.