Market research report published by MarektsandMarkets "AI in Computer Vision Market analyzes the AI in Computer Vision Market by Component (Hardware, Software), Vertical (Automotive, Sports & Entertainment, Consumer, Robotics & Machine Vision, Healthcare, Security & Surveillance, Agriculture), and Region - Global Forecast to 2023", the AI in computer vision market is expected to be valued at USD 3.62 Billion in 2018 and is expected to reach USD 25.32 Billion by 2023, at a CAGR of 47.54% between 2018 and 2023.The increasing demand for computer vision systems in non-traditional and emerging applications and growing demand for edge computing in mobile devices are among the factors driving the growth of the market.With the increasing labor cost in the security market and use of robotics in the healthcare industry, AI-based computer vision systems are being used for many applications.
Hardware expected to grow at a high rate during the forecast periodThe key factor driving the growth of hardware in the AI based computer vision market is the growing penetration of AI-capable processors in mobile devices, such as smartphones, drones, automotive, and consumer electronics devices.
The major focus is to overcome challenges faced by industrial drones in terms of reliability, safety, and autonomy.
Major players operating in the AI in computer vision market includeNVIDIA (US), Intel (US), Qualcomm (US), Apple (US), Alphabet (US), Microsoft (US), Facebook (US), Wikitude (Austria), Xilinx (California), Basler (Germany), Teledyne Technologies (US), Cognex (US), General Electric (US), and Avigilon (Canada).
The company continues to lead in the development of new products for the AI in computer vision market.
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