Computer Vision Market– Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023


Computer vision is a field of artificial intelligence and computer science that provide computers a visual understanding of the globe. Computer vision is primarily concerned with the theory and technology of structuring artificial systems that contain important information from images to multi-dimensional data. The rapid changing technology, declining chip prices, and growing ease of connectivity are some of the factors that are propelling the adoption of computer vision technologies across the globe. New technologies, such as deep learning, are also evolving and these primarily increase the accuracy and reliability of computer vision systems.

Computer vision is considered to be a horizontal market as the applications are spread across various application segments. Each vertical market has its own drivers, challenges, market ecosystem, and business models. In addition, the computer vision technology has grabbed the attention of diverse industry participants during the past few years, and the market is gaining momentum across several key application areas, which include device manufacturers, semiconductor and component companies, and software developers. The key players in the market include Cognex Corporation, Basler AG, Omron Corporation, and others.

In addition, the computer vision market ecosystem and intellectual property landscape continue to develop, and it is further expected to propel as the sector is expanding and the applications are diversifying. The market is in the developing phase for innovations and is open for new applications as well as new industry participants. The market anticipates that the automotive sector will surpass robotics and machine vision, and will become the largest segment during the forecast period.

This report primarily describes the market dynamics, technology issues, and business opportunities for the computer vision technologies and provides market forecasts for computer vision hardware and software during the period 2017-2023.

According to Infoholic Research, the Computer Vision Market will witness an impressive CAGR of XX% during the forecast period 2017-2023. Bringing out the key insights of the industry, this report aims to provide an opportunity for players to have a deep understanding of the latest trends, current market scenario, government initiatives, key leading news, and the technologies related to the market. In addition, it helps venture capitalists in understanding the companies better and take informed decisions. It is primarily designed to provide executives with strategically substantial competitor information, data analysis, and insight about the market for the development and implementation of an effective marketing plan.

  • The market is segmented and analyzed based on the type, end-users, and major regions with leading countries:
    • Application: medical, robotics & machine vision, consumer, sports & entertainment, automotive, and security & surveillance
    • Type: Hardware, and Software
    • Regions with key leading countries: US, Mexico, Canada, Americas; UK, Germany, France, EMEA; and China, India, Japan, APAC
  • The report covers drivers, restraints, and opportunity (DRO) that is affecting the growth of the market during the forecast period (2017-2023)
  • It also comprises an analysis of the vendor’s profile, which include financial status, business units, key business priorities, SWOT, business strategy, and views
  • The report covers the competitive landscape, which includes M&A, joint ventures and collaborations, and competitor comparison analysis
  • In the vendor profile section, for companies that are privately held, financial information and revenue of segments will be limited

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Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.

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