Computer Vision Market to Show Incredible Growth by 2029

Global Computer Vision Market size was valued at USD 16.14 Bn in 2022 and is expected to reach USD 27.30 Bn by 2029, at a CAGR of 7.8 % over the forecast period.

Market Overview:

This study delves into both current and emerging trends and dynamics within the global Computer Vision market. A thorough market forecast for major segments is conducted from 2022 to 2029. Extensive analysis of the Computer Vision market is performed by closely monitoring key product positions and the primary competitors in the market framework. To comprehend the competitive landscape of the global Computer Vision market, key players are profiled, and their strategies are meticulously assessed.

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Market Scope:

The analysis offers a current examination of the prevailing Computer Vision market landscape, encompassing the latest trends, drivers, and an overview of the entire market environment. Escalating demand for Computer Vision propels market growth. The Computer Vision market research scrutinizes technology, end-users, type categories, and the geographical landscape.

Segmentation:

by Component

Hardware

Software

Services

by Application

Autonomous Vehicles

Healthcare and Medical Imaging

Surveillance and Security

Retail and E-commerce

Augmented and Virtual Reality

Agriculture

Manufacturing

Entertainment and Gaming

Robotics

by Industry Vertical

Automotive

Healthcare

Manufacturing

Agriculture

Retail

Defense and Aerospace

Banking and Finance

Entertainment

Transportation and Logistics

by Technology

2D Computer Vision

3D Computer Vision

Machine Learning

Deep Learning

Image Processing

Object Recognition

Gesture Recognition

Facial Recognition

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Key Players:

The market research report furnishes comprehensive quantitative insights, offering a clear portrayal of the global market potential across various categories and country-specific analyses for each covered topic. The analysis explores the primary influencing factors on the market and provides complete company profiles for key players such as 

1. NVIDIA Corporation

2. Intel Corporation

3. Microsoft Corporation

4. Amazon Web Services (AWS)

5. IBM Corporation

6. Google LLC

7. Facebook, Inc. (Meta Platforms)

8. Apple Inc.

9. Qualcomm Incorporated

10. Cognex Corporation

11. Xilinx, Inc.

Europe:

12. ARM Limited

13. Graphcore Ltd.

14. Basler AG

15. Bosch Sensortec

16. Dassault Systèmes

17. Thales Group

Asia-Pacific:

18. SenseTime

19. Dahua Technology

20. Hikvision

21. Alibaba Group

22. Samsung Electronics Co., Ltd.

23. Wipro Limited

24. TATA Consultancy Services (TCS)

25. Infosys Limited

Latin America:

26. Embraer SA

Middle East and Africa:

27. Mobileye (now part of Intel Corporation)

28. DarkMatter

Regional Analysis:

 The regional segment of the Computer Vision market study encompasses individual market influencing variables and changes in market laws affecting present and future trends. Indicators like downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are employed to anticipate market scenarios for different industries. When evaluating projection data for each region, factors such as the presence and availability of global players, as well as the challenges they face due to significant or low-to-none competition from local and domestic brands, are considered.

COVID-19 Impact Analysis on Computer Vision Market:

 The COVID-19 pandemic has exerted a substantial impact on the global Computer Vision industry. Production facilities for Computer Vision were halted due to the global economic downturn and a shortage of manpower. The pandemic led to a notable and prolonged decline in production utilization, with travel restrictions and facility closures hindering personnel access, causing a deceleration in the Computer Vision market in 2029. However, the negative impact is expected to be temporary, and the sector is projected to experience a significant resurgence by early 2022 due to heightened demand for Computer Vision .

Key Questions Answered in the Computer Vision Market Report are:

Which segment held the largest share in the Computer Vision market?

How was the competitive scenario of the Computer Vision market in 2029?

What are the key factors driving Computer Vision market growth?

Which region had the maximum share in the Computer Vision market in 2029?

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