Computer Vision in Artificial Intelligence (AI) Market Scope
In recent years, artificial intelligence has been seen as the study and development of rational agents, where an agent is essentially something that observes its environment through sensors and acts on it through effectors. Computer vision is a branch of artificial intelligence (AI) that allows computers and systems to extract useful information from digital pictures, videos, and other visual inputs and act or make suggestions based on that data. If artificial intelligence allows computers to think, computer vision allows them to see, watch, and comprehend. Computer vision teaches computers to accomplish similar tasks, but using cameras, data, and algorithms rather than retinas, optic nerves, and a visual brain, it must do it in a fraction of the time. Because a system trained to check goods or monitor a production asset can evaluate hundreds of products or processes per minute, detecting flaws or issues that are undetectable to humans, it may soon outperform humans.
The Computer Vision in Artificial Intelligence (AI) market study is segmented, by Application (Image Acquisition, Image Processing, Image Analysis & Understanding and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Computer Vision in Artificial Intelligence (AI) market throughout the predicted period.
NVIDIA Corporation (United States), Intel Corp. (United States), Microsoft Corp. (United States), IBM Corp. (United States), Qualcomm (United States), Amazon Web Services (United States), Xilinx (United States), Google LLC (United States), Facebook Inc. (United States) and Basler (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Advanced Micro Devices, Inc. (United States), Graphcore (United Kingdom), Oculus (United States), Robotic Vision Technologies (United States), Trivision (Denmark), Zivid (Norway), Inspekto (United Kingdom) and Creative Virtual (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Computer Vision in Artificial Intelligence (AI) market by Type, Application and Region.
On the basis of geography, the market of Computer Vision in Artificial Intelligence (AI) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 27th May, 2021 - University of Central Florida Launched US’s First Degree in Computer Vision to Cope with Artificial Intelligence Industry. The Computer Vision Degree Entails Utilising Computers to Interpret and Analyse Pictures, Videos, 3D Data, And Other Forms of High-Dimensional Data from The Actual World. and On 23rd July, 2020 - Nagarro Introduced Machine Vision-Based Artificial Intelligence Solutions That Mitigate COVID-19 Risks. Nagarro's COVID-AI Solutions Are Designed on Cutting-Edge AI Models and Can Be Deployed at Scale in A Matter of Weeks with Minimal Overhead.
Market Trend
- Emergence of Advance Sensor Based Computer Vision Systems
Market Drivers
- Growing Demand for Quality Inspection and Automation
- Increasing AI Applications Across Vision Based Solutions
- High Implementation in Security & Surveillance
Opportunities
- Rising Damand for Electric Vehicles Across Asian Regions
- Government initiatives Promoting AI-related Technologies
Restraints
- Lack of Trained Professionals
- Patent Technological Limitations
Challenges
- Fierce Competitive Pressure
- Lack of user Awareness
Key Target Audience
Information Technology Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others