New Analysis From Global Industry Analysts Reveals Steady Growth In Computer Vision, Market Expected To Reach $18 Billion Worldwide By 2026 |
SAN FRANCISCO, June 23, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Computer Vision – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
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Editing: 8; Published: January 2022
Executive Pool: 2012
Companies: 43 – Players covered include algolux; AMETEK, Inc.; BASLER AG; Baumer Optronic GmbH; Cadence Design Systems, Inc.; CEVA, Inc.; Clarifai, Inc.; Cognex Corporation; intel company; Israel Vision AG; JAI A/S; Keyence Corporation; Mediatek, Inc.; Mvtec Software GmbH; National Instruments Corporation; Omron Corporation; Qualitas Technologies Pvt Ltd. ; Sick SA; Sony Corporation; SUALAB; Synopsys, Inc.; Teledyne Technologies Inc.; Texas Instruments, Inc.; Tordivel AS and others.
Cover: All major geographies and key segments
segments: Component (Software, Services, Hardware); Vertical (automotive, sports and entertainment, consumer, robotics and machine vision, medical, security and surveillance)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Computer Vision Market to Reach $18 billion by 2026
Amid COVID-19 crisis, Global Computer Vision Market Estimated at US$12.2 billionis expected to reach a revised size of 18 billion US dollars by 2026, growing at a CAGR of 6.4% over the analysis period. Software, one of the segments analyzed in the report, is expected to register a CAGR of 6.9% and reach US$5.4 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 6.5% for the next 7-year period.
The US market is estimated at $3.9 billion in 2021, when China is expected to reach $3.2 billion by 2026
The computer vision market in the United States is estimated at US$3.9 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$3.2 billion by 2026 at a CAGR of 6% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 6.1% and 5.1% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 5.2%.
Hardware segment to reach US$5.6 billion by 2026
In the global hardware segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 5.9% estimated for this segment. These regional markets representing a combined market size of US$3.2 billion will reach a projected size of US$4.7 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. After
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.
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