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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ABSTRACT-

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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SOURCE Global Industry Analysts, Inc.

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