Computer Vision Technologies Market in Global Industry

Posted by nileshdbmr on May 25th, 2021

Global computer vision technologies market is expected to reach approximately USD 23.00 billion by 2027 at a CAGR of 7.9% in the forecast period of 2020 to 2027.

Computer vision is a technology which is used to analyse the object or to identify the image of an object with increasing quality and minimizing manual labour. It also helps to identify the exact positioning of object in x-axis, y-axis and z-axis. Computer vision technologies can visualize 1D image, 2D image and 3D image of any object.

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Major Market Competitors/Players: Global Computer Vision Technologies Market

Some of the major players operating in the global computer vision technologies unit market are Cognex Corporation (US), Basler AG (Germany), KEYENCE CORPORATION. (Japan), National Instruments (US), Sony (Japan), Teledyne Technologies Incorporated. (US), Texas Instruments Incorporated.(US), Intel Corporation (US), Baumer Optronic (Germany), Tordivel AS. (Norway), ISRA VISION (Germany), MVTec Software GmbH (Germany), MediaTek Inc. (Taiwan), Cadence Design Systems, Inc. (US), CEVA Logistics (US), Synopsys, Inc. (US), SICK AG (Germany) and JAI A/S (Denmark).

Market Segmentation: Global Computer Vision Technologies Market

The global computer vision technologies market is segmented based on component, product, application, vertical and geographical segments.

•          Based on Component, the global computer vision technologies market is segmented into hardware and software. Hardware is further sub segmented into camera, frame grabber, optics and processor. Software is further sub segmented into deep learning and traditional software.
•          On the basis of Product, the global computer vision technologies market segmented into PC based and smart camera based.
•          On the basis of application, the global computer vision technologies market segmented into mobile robots, mobile smart devices medical vision and others.

Competitive Analysis: Global Computer Vision Technologies Market

The global computer vision technologies market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of computer vision technologies unit market for global, Europe, North America, Asia Pacific and South America.