Computer Vision Market to Reach $41.11 Billion Globally by 2030 at a CAGR of 16.0%: Allied Market Research

PORTLAND, Oregon., January 13, 2022 /PRNewswire/ — Allied Market Research released a report titled “Computer Vision Market by Component (Hardware, Software and Services), Product (PC-Based Computer Vision Systems, Camera-Based Computer Vision Systems Intelligent), Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance) and Vertical (Industrial and Non-Industrial): Global Opportunities Analysis and Industry Forecast, 2020-2030”. According to the report, the global computer vision industry generated $9.45 billion in 2020, and should generate $41.11 billion by 2030, with a CAGR of 16.0% from 2021 to 2030.

Main determinants of growth

Faster processing, better accuracy and the economic advantage of the computer vision system are driving the growth of the global computer vision market. However, the requirement for highly trained and experienced professionals and several data privacy and security issues are hampering the growth to some extent. On the other hand, the growing applications of computer vision systems and advancements in the field of computer vision and AI are expected to create lucrative opportunities in the industry.

Download the sample report (345-page PDF with information) at:

https://www.alliedmarketresearch.com/request-sample/13066

Covid-19 scenario

• The global pandemic has had a significant economic impact on many industries. These industries have experienced and caused production and supply chain slowdowns. And the computer vision market is no exception in this regard.
• However, the increasing applications of computer vision and artificial intelligence in non-industrial applications such as healthcare, surveillance & control, and transportation have created a huge profit margin for the market, thus creating an impact mixed in the sector.

Get a detailed analysis of the impact of COVID-19 on the Computer Vision Market:

https://www.alliedmarketresearch.com/request-for-customization/13066

The reinforced concrete segment to maintain its leadership throughout the forecast period

Based on components, the hardware segment held the highest market share in 2020, accounting for almost three quarters of the global computer vision market, and is expected to maintain its leading status throughout the forecast period. . Growing industrial workloads and growing demands for industrial automation have been the major growth driver for the segment. Additionally, the software segment is expected to show the highest CAGR of 18.1% from 2021 to 2030. The fact that software-based computer vision systems are finding a variety of applications in retail industries retail, agriculture, public health, automotive and agriculture segments growth.

The residential building segment to maintain its leading position during the forecast period

Based on applications, the quality assurance and inspection segment accounted for the largest share in 2020, contributing nearly one-third of the global computer vision market, and is expected to maintain its leading position in the during the forecast period. Indeed, the quality assurance and inspection process is a crucial part of the manufacturing lifecycle. However, the identification segment is expected to account for the largest CAGR of 17.6% from 2021 to 2030. Identification.

North America maintain dominance by 2030

Based on the region, North America held the highest market share by 2020 revenue, accounting for nearly two-fifths of the global computer vision industry. This is due to the growing focus on the adoption of computer vision technology in production lines to help increase efficiency and overall productivity. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 17.5% during the forecast period. This is due to the high demand for modernization and technological scaling trends in many industrial sectors in Asia-Pacific countries such as China, Japan, India, South Korea, China, Southeast Asia, Australia and the rest of Asia-Pacific.

For a purchase enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/13066

Main market players

• Cognex
• Basel
• Omron
• Cleence
• National instruments
• sony
• Teledyne Technologies
• Texas Instruments
• Intel
• Baumer Optronics

Access AVENUE – A subscription-based library (Premium on-demand, subscription pricing model) at:

http://www.alliedmarketresearch.com/library-access

Street is a user-based library of global market reports database, provides comprehensive reports regarding the largest emerging markets in the world. It further offers electronic access to all available industry reports at a glance. By offering essential business information on various industries, economies, and end users worldwide, Avenue ensures that registered members get a simple, one-stop gateway to their all-inclusive needs.

Avenue Library Subscription | Request a 14-day free trial before purchasing:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar reports:

The Contact Center Software Market is Expected to Reach $72.04 billion by 2027
IT Network Design Services Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Computer Software Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

SOURCE Allied Market Research