Global Computer Vision Market Projected to Reach USD 19.98 Billion by 2025
Boonton, NJ -- (SBWIRE) -- 10/12/2018 -- Global Computer Vision Market Analysis
According to Verified Market Intelligence, The Global Computer Vision Market was valued at USD 11.02 billion in 2017 and is projected to reach USD 19.98 billion by 2025, growing at a CAGR of 7.8% from 2018 to 2025.
What is Computer Vision?
Computer Vision can be best defined as a branch of computer science which deals with improving the digitization and processing of computer aided tasks for better understanding. It is an experiment done by the engineers to mimic the activity of human nervous system. With the help of artificial intelligence it provides a computer system to access digital images and get into its details with the help of processing the data acquired and at the end analyzing it in such a way that it provides basic yet high dimensional statistics about the data. Rise in demand for edge computing in smartphones have contributed in the growth of computer vision market.
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Global Computer Vision Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing demand of digitization and automation to enhance the digital business has driven the digital networking and global computer vision market. On the other hand, Selective users with specific demands and lack in awareness among the industrial population might cause a hindrance in the growth of overall market at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Computer Vision Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Computer Vision Market Competitive Landscape
The "Global Computer Vision Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such Sony, Texas Instruments, Intel, Cognex, Basler, Omron, Baumer, Keyence and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Computer Vision Market Segmentation, by Component
On the basis of component, Global Computer Vision market is segmented into:
o Frame grabbers
o Optics & led lighting
The hardware segment, dominated by cameras and frame grabbers, accounted for the majority of the market in 2017 and is projected to grow steadily over the forecast period.
Global Computer Vision Market Segmentation, by Type
On the basis of type, Global Computer Vision Market is categorized into:
- PC-based computer vision systems
- Smart camera-based computer vision systems
The PC-based computer vision systems accounted for the major share of the market in the year 2017.
Global Computer Vision Market Segmentation, by Function
On the basis of function, Global Computer Vision Market is categorized into:
- Quality Assurance & Inspection
- Positioning & Guidance
- Predictive Maintenance
Quality assurance & inspection held the largest share among all the functions of global computer vision in the year 2017.
Global Computer Vision Market Segmentation, by Application
On the basis of application, Global Computer Vision Market is classified into:
- Food & beverage
- Sports & entertainment
- Consumer electronics
The Consumer Electronics segment held the largest market share in the year 2017. However, the food & beverage industry is expected to lead the market over the next eight years.
Global Computer Vision Market Geographic Scope
- North America
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
- Latin America
- Rest of the World
In term of geography, Asia Pacific dominated the market in the year 2017. This region is also expected to grow at the highest CAGR of over 9% from 2018 to 2025.
Table Of Content
1 Introduction Of The Global Computer Vision
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Computer Vision Outlook
5 The Global Computer Vision, By Systems
6 The Global Computer Vision, By Service
7 The Global Computer Vision, By Verticals
8 The Global Computer Vision, By Applications
9 The Global Computer Vision, By Geography
10 The Global Computer Vision Competitive Landscape
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Computer Vision market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Computer Vision market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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