Computer Vision Market Trends, Analysis & Forecast, 2032

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Computer Vision Market 2023-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• Computer Vision Market is expected to gain
  appreciable traction through 2032 due to the
  increasing advancements in the autonomous vehicle
  industry. Growing investments in autonomous
  vehicles will boost applications for smart
  sensors such as camera sensors, LiDAR, radar, and
  more. All these sensors offer users full-fledged
  AI images of the surroundings for safe and easy
  mobility. Besides, vision sensors provide an
  enhanced view of the surroundings during parking
  and support ADAS features in autonomous vehicles.
• Based on components, the software segment is
  slated to grow considerably owing to the rapid
  technological innovations that allow users to
  develop images and computer vision-related models
  such as facial recognition, image classification,
  object detection, and tracking object mobility.
  Software in computer vision assists in building
  an end-to-end platform for linking all
  applications with a single server that supports
  multiple languages, constant updates, and
  technology improvement that makes the process
  more efficient.

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• By product type, the PC-based segment held over
  USD 5 billion market share in 2022. Increasing
  innovations in modern systems to upgrade data
  storage via ports, cable, processing boards, and
  vision engines will drive the market demand.
• Considering the application, the quality
  assurance and inspection segment is estimated to
  generate over USD 10 billion in revenue between
  2023 and 2032. The segmental growth is expected
  to come from the rising adoption of process
  automation technology in several industries to
  boost productivity. Moreover, several scientific
  laboratories use videos and images created by
  smart camera-based computer vision to check the
  quality and gain insights into bacteria count,
  virus detection, and more.

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• Regional Analysis

Regionally, the Asia-Pacific computer vision
market is expected to grow considerably through
2032. Mounting technological innovations in
agriculture to empower users identify defects and
analyze the weight, ripeness, and crop-related
factors will positively influence the regional
market dynamics. Besides, several countries
across the region are planning to invest more in
IoT to boost digitalization and meet the
increasing market needs.

• Competitive Analysis

• NVIDIA corp., Microsoft, IBM, Google (Alphabet),
  and Teledyne Technology.

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