Global Computer Vision Market Research Report Information by By Component, By Application, By End-User and By Region Forecast Till 2023

Global Computer Vision Market Research Report Information by By Component, By Application, By End-User and By Region Forecast Till 2023


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Executive Summary

Introduction

Computer vision is a field of technology dealing with smart devices, particularly laptops, smartphones, personal computers, tablets, and others. These devices are used for collecting, processing, interpreting, and understanding the digital text, images or videos, which are then extracted as high dimensional data from the real world and transformed into numerical and symbolic forms. Computer vision, in broader terms, is an emerging technology which can be used in the field of artificial intelligence. Additionally, computer vision is collectively used in the field of deep learning, neural networks, machine learning, and others. It is also used for facial recognition, gesture analysis, image restoration, and others.

The global computer vision market is expected to reach approximately USD 48.32 billion by 2023 at a CAGR of 31.65% from 2017 to 2023.

The market has been segmented based on component, applications, verticals, and region.

By component, the market has been divided into hardware and software. The hardware component is expected to dominate the global computer vision market. It is expected to generate high market value since the decreasing cost of smart cameras, personal computers, mobile devices hasled the commercial sectors to integrate the computer vision technology with hardware devices. The software component is expected to be the fastest growing with the highest CAGR during the forecast period since the computer vision market is strongly backed by the emerging technology such as artificial learning, deep learning, augmented reality, virtual reality, machine learning, and neural networks.

By application, the market is segmented into face recognition, gesture recognition, character recognition, and others. Among these, the gesture recognition is expected to contribute to the largest market share and be the fastest growing market. This is because gesture recognition requires only a camera component to recognize, identify, and commence the interaction between humans and computers without any other peripheral devices.

By verticals, the market is sub-segmented into agriculture, automotive, healthcare, entertainment, consumer electronics, transportation, and others. Among these, the automotive segment is expected generate the highest revenue during the forecast period since the computer vision technology has a wide application in automotive industry, which includes traffic sign detection, advanced driving assistance system (ADAS), lane departure warning, and driver drowsiness detection. The entertainment segment is expected to be the fastest growing vertical during the forecast period since the computer vision technology is implemented in games for strategic analysis and on-field movement of the players, and in comprehensive evaluation of brand sponsorship visibility in sports broadcasts, online streaming, and social media.

Key Players

The key players in the global computer vision market are Intel Corporation (US), Keyence Corporation (Japan), Microsoft Corporation (US), Nvidia Corporation (US), Sony Corporation (Japan), IBM Corporation (US), Autoliv Inc (Sweden), Cognex Corporation (US), National Instruments (US), and Basler AG (Germany).

Global Computer Vision Market Analysis and Forecast, 2017-2023

To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the computer vision market

To provide insights into factors affecting market growth

To analyze the computer vision market based on Porter's Five Forces analysis

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main regions and their countries-North America, Europe, Asia-Pacific, and the rest of the world

To provide country-level analysis of the market with respect to the current market size and future perspective

To provide country-level analysis of the market for a segment on the basis of component, applications and vertical.

To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research and development in the computer vision market

Target Audience

Semiconductor product designers and fabricators

Developers of machine vision-related applications

Providers of machine vision-related components and solutions

Technology standard organizations, forums, alliances, and associations

Technology investors

Universities and research organizations

Government bodies

Key Findings

The global computer vision market is expected to reach USD 48.32 billion by 2023.

The hardware segment was valued USD 4.7 billion in 2016 and is expected to reach USD 26.43 billion with a 29.19% CAGR by 2023. The software segment is projected to be the fastest growing segment and is presumed to reach around USD 21.89 billion with 35.13% CAGR by 2023.

Gesture recognition accounted for the largest market share in 2017, with a market value of USD 2,957 million and is projected to grow at a CAGR of 34.74% during the forecast period. The face recognition segment was the second-largest market in 2017, valued at USD 2991.3 million in 2017; it is projected to register a CAGR of 30.07%.

The automotive segment accounted for the largest market share in 2017, with a market value of USD 1626.7 million and is projected to exhibit a CAGR of 33.86% during the forecast period. The entertainment segment was the second-largest market in 2017, valued at USD 1,805.9 million in 2017; it is projected to register a CAGR of 35.27%.

The market in North America is projected to be the largest during the assessment period, followed by Europe. Asia-Pacific is expected to be the fastest growing market during the forecast period.

Regional and Country-Level Analysis of the Computer Vision Market, Estimation and Forecast

North America is expected to be the largest revenue generating region for global computer vision market during the forecast period. This growth is attributed to the increasing demand from the gaming industry and increase in the adoption rate of technology in mobile devices. Moreover, the presence of IT giants which are involved in emerging technologies such as augmented reality and virtual reality are expected to drive the market during the forecast period. Europe stands second in the computer vision market due to the increased investments in evolving artificial intelligence and regulatory compliances in providing pre-requisite infrastructure for SMEs to adopt AI. Asia-Pacific is expected to be the fastest growing market registering a CAGR of 35.95% owing to the developing AI talent and encouraging usage at the domestic level and the increasing demand for computer vision from the media and entertainment industry.

The report also offers a brief country-level analysis for the various regional markets.

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o South Korea

o Rest of Asia-Pacific

Rest of the World

o Middle East

o Africa



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Table of Contents:

1 Report Prologue

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Emergence of Augment Reality and Virtual Reality

4.2.2 Rise in demand for Mobile Devices

4.3 Restraints

4.3.1 Slow Adoption rate of Machine learning, Deep Learning and Neural Networks

4.3.2 High Training Cost

4.4 Opportunity

4.4.1 Integrating the techniques with industrial applications

4.5 Challenges

4.5.1 Lack of Scalability

5 Market Factor Analysis

5.1 Value Chain Analysis

5.1.1 Platform Providers and Manufacturers

5.1.2 System Integrators

5.1.3 Customer/End-User

5.2 Porter's Five Force Analysis

5.2.1 Threat of New Entrants

5.2.2 Threat of Rivalry

5.2.3 Threat of Substitute

5.2.4 Bargaining Power of Supplier

5.2.5 Bargaining Power of Buyer

6 Global Computer Vision Market, By Component

6.1 Hardware

6.2 Software

7 Global Computer Vision Market, By Applications

7.1 Introduction

7.2 Face Recognition

7.3 Gesture Recognition

7.4 Character Recognition

7.5 Others

8 Global Computer Vision Market, By Verticals

8.1 Introduction

8.2 Agriculture

8.3 Automotive

8.4 Healthcare

8.5 Entertainment

8.6 Transportation

8.7 Others

9 Global Computer Vision Market, By Region

9.1 Introduction

9.2 North America

9.2.1 PESTL Analysis

9.2.2 U.S.

9.2.3 Canada

9.2.4 Mexico

9.3 Europe

9.3.1 PESTL Analysis

9.3.2 Germany

9.3.3 UK

9.3.4 France

9.3.5 Italy

9.3.6 Rest of Europe

9.4 Asia Pacific

9.4.1 PESTL Analysis

9.4.2 China

9.4.3 Japan

9.4.4 India

9.4.5 South Korea

9.4.6 Rest of Asia Pacific

9.5 Rest of the World

9.5.1 PESTL Analysis

9.5.2 Middle East

9.5.3 Africa

10 Competitive Landscape

10.1 Market Evolution

10.2 Global Market Share Analysis

11 Company Profiles

11.1 Intel Corporation

11.1.1 Company Overview

11.1.2 Financials

11.1.3 Products/Service Solutions

11.1.4 Key Developments

11.1.5 SWOT analysis

11.1.6 Strategy

11.2 Keyence Corporation

11.2.1 Company Overview

11.2.2 Financials

11.2.3 Products/Service Solutions

11.2.4 Key Developments

11.2.5 SWOT analysis

11.2.6 Strategy

11.3 Microsoft Corporation.

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Deployment/Service Offerings

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategy

11.4 Nvidia Corporation

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Deployment/Service Offerings

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategy

11.5 Sony Corporation

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Product/Service Offerings

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategy

11.6 IBM Corporation

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Product/Solution Offerings

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategy

11.7 Autoliv Inc

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Product/Solution Offerings

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategy

11.8 Cognex Corporation

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Product/Solution Offerings

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategy

11.9 National Instruments

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Product/Solution Offerings

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategy

11.10 Basler AG

11.10.1 Company Overview

11.10.2 Financial Performance

11.10.3 Product/Solution Offerings

11.10.4 Key Developments

11.10.5 Key Strategy

12 Conclusion

List of Figures:

FIGURE 1 TOP DOWN & BOTTOMUP APPROACH

FIGURE 2 FORECAST MODEL

FIGURE 3 VALUE CHAIN ANALYSIS

FIGURE 4 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL COMPUTER VISION MARKET

FIGURE 5 GLOBAL COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

FIGURE 6 GLOBAL COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

FIGURE 7 GLOBAL COMPUTER VISION MARKET, BY VERTICAL, 2017-2023 (USD MILLION)

FIGURE 8 GLOBAL COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

FIGURE 9 NORTH AMERICAS COMPUTER VISION MARKET PESTL ANALYSIS, BY COUNTRY

FIGURE 10 NORTH AMERICA COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

FIGURE 11 NORTH AMERICA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

FIGURE 12 NORTH AMERICA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

FIGURE 13 NORTH AMERICA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

FIGURE 14 EUROPE COMPUTER VISION MARKET PESTL ANALYSIS, BY COUNTRY

FIGURE 15 EUROPE COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

FIGURE 16 EUROPE COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

FIGURE 17 EUROPE COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

FIGURE 18 EUROPE COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

FIGURE 19 ASIA PACIFIC COMPUTER VISION MARKET PESTL ANALYSIS, BY COUNTRY

FIGURE 20 ASIA PACIFIC COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

FIGURE 21 ASIA PACIFIC COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

FIGURE 22 ASIA PACIFIC COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

FIGURE 23 ASIA PACIFIC COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

FIGURE 24 REST OF THE WORLD COMPUTER VISION MARKET PESTL ANALYSIS, BY COUNTRY

FIGURE 25 REST OF THE WORLD COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

FIGURE 26 REST OF THE WORLD COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

FIGURE 27 REST OF THE WORLD COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

FIGURE 28 REST OF THE WORLD COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

FIGURE 29 GLOBAL MARKET SHARE (%)

List of Tables:

TABLE 1 GLOBAL COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 2 GLOBAL COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 3 GLOBAL COMPUTER VISION MARKET, BY VERTICAL, 2017-2023 (USD MILLION)

TABLE 4 GLOBAL COMPUTER VISION MARKET, BY REGION, 2017-2023 (USD MILLION)

TABLE 5 NORTH AMERICA COMPUTER VISION MARKET, BY COUNTRY, 2017-2023 (USD MILLION)

TABLE 6 NORTH AMERICA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 7 NORTH AMERICA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 8 NORTH AMERICA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 9 U.S. COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 10 U.S. COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 11 U.S. COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 12 CANADA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 13 CANADA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 14 CANADA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 15 MEXICO COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 16 MEXICO COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 17 MEXICO COMPUTER VISION MARKET, BY VERTICAL, 2017-2023 (USD MILLION)

TABLE 18 EUROPE COMPUTER VISION MARKET, BY COUNTRY, 2017-2023 (USD MILLION)

TABLE 19 EUROPE COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 20 EUROPE COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 21 EUROPE COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 22 GERMANY COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 23 GERMANY COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 24 GERMANY COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 25 U.K COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 26 U.K COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 27 U.K COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 28 FRANCE COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 29 FRANCE COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 30 FRANCE COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 31 ITALY COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 32 ITALY COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 33 ITALY COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 34 REST OF EUROPE COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 35 REST OF EUROPE COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 36 REST OF EUROPE COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 37 ASIA PACIFIC COMPUTER VISION MARKET, BY COUNTRY, 2017-2023 (USD MILLION)

TABLE 38 ASIA PACIFIC COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 39 ASIA PACIFIC COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 40 ASIA PACIFIC COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 41 CHINA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 42 CHINA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 43 CHINA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 44 JAPAN COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 45 JAPAN COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 46 JAPAN COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 47 INDIA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 48 INDIA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 49 INDIA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 50 SOUTH KOREA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 51 SOUTH KOREA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 52 SOUTH KOREA COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 53 REST OF ASIA PACIFIC COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 54 REST OF ASIA PACIFIC COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 55 REST OF ASIA PACIFIC COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 56 REST OF THE WORLD COMPUTER VISION MARKET, BY COUNTRY, 2017-2023 (USD MILLION)

TABLE 57 REST OF THE WORLD COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 58 REST OF THE WORLD COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 59 REST OF THE WORLD COMPUTER VISION MARKET, BY VERTICALS, 2017-2023 (USD MILLION)

TABLE 60 MIDDLE EAST COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 61 MIDDLE EAST COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 62 MIDDLE EAST COMPUTER VISION MARKET, BY VERTICAL, 2017-2023 (USD MILLION)

TABLE 63 AFRICA COMPUTER VISION MARKET, BY COMPONENT, 2017-2023 (USD MILLION)

TABLE 64 AFRICA COMPUTER VISION MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

TABLE 65 AFRICA COMPUTER VISION MARKET, BY VERTICAL, 2017-2023 (USD MILLION)

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Intel Corporation (US), Keyence Corporation (Japan), Microsoft Corporation (US), Nvidia Corporation (US), Sony Corporation (Japan), IBM Corporation (US), Autoliv Inc (Sweden), Cognex Corporation (US), National Instruments (US), and Basler AG (Germany)

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