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Global Computer Vision Market to reach USD 20 billion by 2027

Global Computer Vision Market Size study, by Component (Hardware, Software), by Product (PC-Based Computer Vision Systems, Smart Cameras-Based Computer Vision Systems), by Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, Predictive Maintenance), by End-User (Automotive, Consumer Electronics, Pharmaceuticals, Healthcare, Retail, Others) and Regional Forecasts 2020-2027

Product Code: IACTNGT_77846455
Publish Date: 2-09-2020
Page: 200

Global Computer Vision Market is valued approximately at USD 11 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2020-2027. A computer vision is a field of artificial intelligence that develops, processes, and examines real-world images to generate symbolic or numerical information, frequently in the way of a decision. Using digital images from videos and cameras and deep learning models, machines can precisely detect and categorize objects. From the viewpoint of engineering, computer vision seeks to recognize and automate tasks that can be performed by the human visual system. Nowadays, computer vision is being extensively utilized in a range of applications, such as automotive, consumer electronic, security and surveillance, medical, and entertainment, among others. The rise in adoption of computer vision in automotive industry, growing demand for vision-guided robotic systems, and escalating demand of 3D computer vision systems are the few factors responsible for the CAGR of the market during the forecast period. For instance, in June 2018, the UK government’s (Centre for Connected and Autonomous Vehicles) initiative with Innovate UK and Meridian Mobility, has offered a new funding of around USD 39.6 million for the development of autonomous and connected vehicles in the United Kingdom. Similarly, in 2018, the U.S. also unveiled a funding of about USD 100 million for a highly automated “vehicle research and development” program. Thus, the rise in investment and/or funding on autonomous and semi-autonomous vehicles could potentially lead to a rise in adoption for computer vision, making a significant market growth around the world. However, the high development cost of vision technology and limited availability flexible computer vision solutions are the few factors inhibiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global Computer Vision market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable government support for the implementation of computer vision, along with the large presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in demand of computer vision solutions in electronic and automotive industry along with the rising technological development in vision systems across the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the computer vision market in the Asia-Pacific region.

Major market player included in this report are:
Cognex Corporation
Basler AG
Omron Corporation
Keyence Corporation
National Instruments Corp.
Teledyne Technologies International Corp
Texas Instruments Inc.
Intel Corporation
Baumer Optronic GmbH
MVTec Software GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Product:
PC-Based Computer Vision Systems
Smart Cameras-Based Computer Vision Systems

By Application:
Quality Assurance & Inspection
Positioning & Guidance
Predictive Maintenance

By End-User:
Consumer Electronics

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Computer Vision Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Computer Vision Market, by Region, 2018-2027 (USD Billion)
1.2.2. Computer Vision Market, by Component, 2018-2027 (USD Billion)
1.2.3. Computer Vision Market, by Product, 2018-2027 (USD Billion)
1.2.4. Computer Vision Market, by Application, 2018-2027 (USD Billion)
1.2.5. Computer Vision Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Computer Vision Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Computer Vision Market Dynamics
3.1. Computer Vision Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Computer Vision Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Computer Vision Market, by Component
5.1. Market Snapshot
5.2. Global Computer Vision Market by Component, Performance – Potential Analysis
5.3. Global Computer Vision Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Computer Vision Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
Chapter 6. Global Computer Vision Market, by Product
6.1. Market Snapshot
6.2. Global Computer Vision Market by Product, Performance – Potential Analysis
6.3. Global Computer Vision Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
6.4. Computer Vision Market, Sub Segment Analysis
6.4.1. PC-Based Computer Vision Systems
6.4.2. Smart Cameras-Based Computer Vision Systems
Chapter 7. Global Computer Vision Market, by Application
7.1. Market Snapshot
7.2. Global Computer Vision Market by Application, Performance – Potential Analysis
7.3. Global Computer Vision Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Computer Vision Market, Sub Segment Analysis
7.4.1. Quality Assurance & Inspection
7.4.2. Positioning & Guidance
7.4.3. Measurement
7.4.4. Identification
7.4.5. Predictive Maintenance
Chapter 8. Global Computer Vision Market, by End-User
8.1. Market Snapshot
8.2. Global Computer Vision Market by End-User – Potential Analysis
8.3. Global Computer Vision Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
8.4. Computer Vision Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Consumer Electronics
8.4.3. Pharmaceuticals
8.4.4. Healthcare
8.4.5. Retail
8.4.6. Others
Chapter 9. Global Computer Vision Market, Regional Analysis
9.1. Computer Vision Market, Regional Market Snapshot
9.2. North America Computer Vision Market
9.2.1. U.S. Computer Vision Market Component breakdown estimates & forecasts, 2017-2027 Product breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Computer Vision Market
9.3. Europe Computer Vision Market Snapshot
9.3.1. U.K. Computer Vision Market
9.3.2. Germany Computer Vision Market
9.3.3. France Computer Vision Market
9.3.4. Spain Computer Vision Market
9.3.5. Italy Computer Vision Market
9.3.6. Rest of Europe Computer Vision Market
9.4. Asia-Pacific Computer Vision Market Snapshot
9.4.1. China Computer Vision Market
9.4.2. India Computer Vision Market
9.4.3. Japan Computer Vision Market
9.4.4. Australia Computer Vision Market
9.4.5. South Korea Computer Vision Market
9.4.6. Rest of Asia Pacific Computer Vision Market
9.5. Latin America Computer Vision Market Snapshot
9.5.1. Brazil Computer Vision Market
9.5.2. Mexico Computer Vision Market
9.6. Rest of The World Computer Vision Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cognex Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Basler AG
10.2.3. Omron Corporation
10.2.4. Keyence Corporation
10.2.5. National Instruments Corp.
10.2.6. Teledyne Technologies International Corp
10.2.7. Texas Instruments Inc.
10.2.8. Intel Corporation
10.2.9. Baumer Optronic GmbH
10.2.10. MVTec Software GmbH
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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