Computer Vision Market 2021 Major Key Players Forecast to 2030: Size Demand, Business Share, Opportunity and Challenges of Top Key Players

In a recent published report, Kenneth Research has updated the market report for Computer Vision Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Computer Vision Market  products.

The Computer Vision Market in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.

According to Market Research, the Global Computer Vision Market was valued at USD 11.88 Billion in 2018 and is projected to reach USD 21.24 Billion by 2026, growing at a CAGR of 7.49% from 2019 to 2026.

After being a research technology for the past few decades, computer vision is now being commercialized in a wide range of application markets including security and surveillance, automotive, consumer, industrial, medical, and entertainment, to name a few. A computer vision system acquires, processes, and analyzes real world images in order to produce numerical or symbolic information, often in the form of a decision. Each application requires a specialized adaption and enhancement to the computer vision algorithm, although several fundamental blocks of algorithms are common.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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The latest survey on Global Computer Vision Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in Computer Vision Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Computer Vision Market By Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities

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Global Computer Vision Market Overview

Computer vision is the enterprise of automating and integrating a wide range of processes and representations used for vision perception. It includes many techniques that are useful by themselves, such as image processing (transforming, encoding, and transmitting images) and statistical pattern classification (statistical decision theory applied to general patterns, visual or otherwise). Following the current trend of automation and 3D imaging in all major industries, the market for computer vision should also grow at a high rate in near future.

Moreover, stringency in quality assurance & inspection of industrial products and rising scope of vision guided robotic systems have also contributed in driving the global computer vision market. On the other hand, factors such as existence of diverse and selective end user requirements and low penetration of computer vision in certain industries might hold back the market from growing at a high rate.

Global Computer Vision Market: Segmentation

The Computer Vision market is segmented on the basis of component, product, application, vertical and geography. On the basis of application, the market is bifurcated into Automotive, Food & Beverage, Sports & Entertainment, Consumer Electronics, Robotics, Medical and Others.

The market for Food & Beverage is expected to grow at a highest CAGR over the forecast period. With major food retailers demanding lower costs with penalties for incorrectly labelled or sub-quality products, automated food production can gain significant improvements in profitability by applying computer vision technology. This technology applies the same criteria to the imaging process at all times

On the basis of regional analysis, the global Computer Vision market is classified into North America, Europe, Asia Pacific Latin America and Rest of the world. The Computer Vision market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period and is driven by growing technological developments in countries such as China, Japan and India.

The major players in the market are Cognex, Basler, Omron, Keyence, National Instruments, Sony, Teledyne Technologies, Texas Instruments, Intel, Baumer Optronic, Jai A/S, Mvtec Software, Isra Vision, Sick, Mediatek, Cadence Design Systems, Ceva, Synopsys and Tordivel As.

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  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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