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Computer Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Traditional Software)), Product (PC Based and Smart Camera Based), Application, Vertical - Global Forecasts to 2023

March 2018 | 181 pages | ID: C093D7EEFA3EN
MarketsandMarkets

US$ 5,650.00

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“The computer vision market is expected to grow at a CAGR of 7.80% between 2018 and 2023”

The overall computer vision market is expected to be valued at USD 11.94 billion in 2018 and is likely to reach USD 17.38 billion by 2023, at a CAGR of 7.80% between 2018 and 2023. The increasing demand for AI-integrated computer vision systems and the rising adoption of computer vision in UAVs are likely to create huge growth opportunities for the computer vision market. However, factors such as changing requirements of end users with respect to computer vision applications and lack of flexible computer vision solutions are restricting the growth of the market.

“Market for predictive maintenance applications is expected to grow at a high rate during the forecast period.”

Predictive maintenance (PdM) is one of the emerging application areas wherein computer vision systems are used. This application area is expected to expand in the coming years with the introduction of AI- and IoT-integrated computer vision systems. Thus, the market for predictive maintenance applications is expected to grow at the highest rate between 2018 and 2023.

“APAC is expected to hold the largest size of the computer vision market throughout the forecast period.”

The computer vision market in APAC can be segmented on the basis of country/region into India, China, Japan, South Korea, and Rest of APAC. APAC provides ample growth opportunities for the computer vision market as it is considered as a major manufacturing hub for various industries. The ongoing large-scale developments in the emerging economies in APAC owing to the growing use of advanced technologies in manufacturing industries is contributing to the growth of the computer vision market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below.
  • By Company Type: Tier 1 – 54%, Tier 2 – 30%, and Tier 3 – 16%
  • By Designation: Directors – 15%, Managers – 48%, Vice President –30%, and Others – 7%
  • By Region: North Americas – 20%, Europe – 30%, APAC – 40%, and RoW – 10%
Companies that are capable of providing IoT- and AI-integrated computer vision systems are expected to emerge as game changers as these systems will reduce human intervention and boost the overall efficiency of the systems.

The major companies covered in the report on the computer vision market are Cognex (US), Basler (Germany), OMRON (Japan), KEYENCE Corporation (Japan), National Instruments (US), Sony (Japan), Teledyne Technologies (US), Texas Instruments (US), Intel (US), Baumer Optronic (Germany), tordivel (Norway), ISRA VISION (Germany), MVTec Software (Germany), MediaTek (Taiwan), Cadence Design Systems (US), CEVA (US), Synopsys (US), SICK (Germany), and JAI A/S (Denmark).

Research Coverage:
  • The computer vision market has been segmented on the basis of hardware into cameras, frame grabbers, optics, LED lighting, processors, and others.
  • Major applications of computer vision systems include quality assurance and inspection, positioning and guidance, measurement, identification and predictive maintenance.
  • Computer vision systems have applications in industrial as well as non-industrial verticals; the industrial vertical covers the automotive, electronics and semiconductor, consumer electronics, glass, metals, wood and paper, pharmaceuticals, food and packaging, rubber and plastics, printing, solar panel manufacturing, and textiles industries, and the non-industrial vertical covers the healthcare, postal and logistics, intelligent transportation systems, security and surveillance, agriculture, consumer electronics, autonomous and semiautonomous vehicles, sports and entertainment, and retail industries.
  • The computer vision market has been segmented on the basis of geography into 4 major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Reasons to Buy This Report:

This research report covers industry analysis (industry trends), market ranking analysis of top players, and value chain analysis; company profiles, which discuss the competitive landscape, emerging and high-growth segments of the computer vision market, and high-growth regions; and market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
  • Market penetration: Comprehensive information on computer vision systems offered by top players in the market
  • Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and product launches in the computer vision market
  • Market development: Comprehensive information on lucrative emerging markets—the report analyses the markets for computer vision across regions
  • Market diversification: Exhaustive information on new products, untapped geographies, recent developments, and investments in the computer vision market
  • Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of the leading players in the computer vision market
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 GEOGRAPHIC SCOPE
  1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Major secondary sources
    2.1.1.2 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Primary interviews with experts
    2.1.2.2 Breakdown of primaries
    2.1.2.3 Key data from primary sources
  2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN THE COMPUTER VISION MARKET
4.2 COMPUTER VISION MARKET, BY APPLICATION (2017–2023)
4.3 COMPUTER VISION MARKET IN APAC, BY COUNTRY AND VERTICAL
4.4 COMPUTER VISION MARKET, BY GEOGRAPHY (2017)
4.5 COMPUTER VISION MARKET, BY PRODUCT AND APPLICATION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Increasing need for quality inspection and automation
    5.2.1.2 Growing demand for vision-guided robotic systems
    5.2.1.3 Rising demand for application-specific computer vision systems
    5.2.1.4 Increasing adoption of 3D computer vision systems
  5.2.2 RESTRAINTS
    5.2.2.1 Varying end-user requirements
    5.2.2.2 Lack of flexible computer vision solutions
  5.2.3 OPPORTUNITIES
    5.2.3.1 Growing adoption of Industrial 4.0
    5.2.3.2 Increasing manufacturing of hybrid and electric cars
    5.2.3.3 Government initiatives to support industrial automation
    5.2.3.4 Increasing demand for artificial intelligence (AI) in computer vision
      5.2.3.4.1 Government initiatives to boost AI-related technologies
    5.2.3.5 Rising adoption of computer vision systems in UAVs
  5.2.4 CHALLENGES
    5.2.4.1 Complexity in integrating computer vision systems
    5.2.4.2 Lack of user awareness about rapidly changing computer vision technology
5.3 VALUE CHAIN ANALYSIS
  5.3.1 R&D
  5.3.2 COMPUTER VISION COMPONENT MANUFACTURERS
  5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
  5.3.4 SYSTEM INTEGRATORS
  5.3.5 RESELLERS AND DISTRIBUTORS
  5.3.6 END USERS

6 COMPUTER VISION MARKET, BY COMPONENT

6.1 INTRODUCTION
6.2 HARDWARE
  6.2.1 CAMERAS
    6.2.1.1 Interface standards
      6.2.1.1.1 USB 2.0
      6.2.1.1.2 USB 3.0
      6.2.1.1.3 Camera Link
      6.2.1.1.4 Camera Link HS
      6.2.1.1.5 GigE
      6.2.1.1.6 Others (CoaXPress, EMVA-1288, GenICam)
    6.2.1.2 By frame rate
      6.2.1.2.1 25 fps
      6.2.1.2.2 25–125 fps
      6.2.1.2.3 More than 125 fps
    6.2.1.3 By format
      6.2.1.3.1 Line scan
      6.2.1.3.2 Area scan
    6.2.1.4 By sensor type
      6.2.1.4.1 CMOS
      6.2.1.4.2 CCD
  6.2.2 FRAME GRABBERS
  6.2.3 OPTICS
  6.2.4 LED LIGHTING
  6.2.5 PROCESSORS
    6.2.5.1 FPGAs
    6.2.5.2 DSPs
    6.2.5.3 Microcontrollers and microprocessors
    6.2.5.4 VPUs
6.3 SOFTWARE
  6.3.1 TRADITIONAL COMPUTER VISION
  6.3.2 DEEP LEARNING

7 COMPUTER VISION MARKET, BY PRODUCT

7.1 INTRODUCTION
7.2 PC-BASED COMPUTER VISION SYSTEMS
7.3 SMART CAMERAS-BASED COMPUTER VISION SYSTEMS

8 COMPUTER VISION MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 QUALITY ASSURANCE & INSPECTION
8.3 POSITIONING & GUIDANCE
8.4 MEASUREMENT
8.5 IDENTIFICATION
8.6 PREDICTIVE MAINTENANCE

9 COMPUTER VISION MARKET, BY VERTICAL

9.1 INTRODUCTION
9.2 INDUSTRIAL VERTICAL
  9.2.1 AUTOMOTIVE
  9.2.2 ELECTRONICS AND SEMICONDUCTOR
  9.2.3 CONSUMER ELECTRONICS
  9.2.4 GLASS
  9.2.5 METALS
  9.2.6 WOOD AND PAPER
  9.2.7 PHARMACEUTICALS
  9.2.8 FOOD AND PACKAGING
    9.2.8.1 Food
    9.2.8.2 Packaging
  9.2.9 RUBBER AND PLASTICS
  9.2.10 PRINTING
  9.2.11 MACHINERY
  9.2.12 SOLAR PANEL MANUFACTURING
  9.2.13 TEXTILES
9.3 NON-INDUSTRIAL VERTICAL
  9.3.1 HEALTHCARE
  9.3.2 POSTAL AND LOGISTICS
  9.3.3 SECURITY AND SURVEILLANCE
  9.3.4 INTELLIGENT TRANSPORTATION SYSTEMS
  9.3.5 AGRICULTURE
  9.3.6 CONSUMER ELECTRONICS
  9.3.7 AUTONOMOUS AND SEMI AUTONOMOUS VEHICLES
  9.3.8 SPORTS AND ENTERTAINMENT
  9.3.9 RETAIL

10 GEOGRAPHIC ANALYSIS

10.1 INTRODUCTION
10.2 NORTH AMERICA
  10.2.1 US
  10.2.2 CANADA
  10.2.3 MEXICO
10.3 EUROPE
  10.3.1 GERMANY
  10.3.2 UK
  10.3.3 FRANCE
  10.3.4 ITALY
  10.3.5 SPAIN
  10.3.6 REST OF EUROPE (ROE)
10.4 ASIA PACIFIC (APAC)
  10.4.1 CHINA
  10.4.2 JAPAN
  10.4.3 SOUTH KOREA
  10.4.4 INDIA
  10.4.5 REST OF APAC (ROAPAC)
10.5 REST OF THE WORLD (ROW)
  10.5.1 SOUTH AMERICA
  10.5.2 MIDDLE EAST
  10.5.3 AFRICA

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
11.2 KEY PLAYERS IN THE COMPUTER VISION MARKET, 2017
11.3 COMPETITIVE SCENARIO
  11.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS
  11.3.2 PARTNERSHIPS, CONTRACTS, COLLABORATIONS, AND AGREEMENTS
  11.3.3 MERGERS & ACQUISITIONS

12 COMPANY PROFILE

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*

12.1 KEY PLAYERS
  12.1.1 COGNEX
  12.1.2 BASLER
  12.1.3 OMRON
  12.1.4 KEYENCE
  12.1.5 NATIONAL INSTRUMENTS
  12.1.6 SONY
  12.1.7 TELEDYNE TECHNOLOGIES
  12.1.8 TEXAS INSTRUMENTS
  12.1.9 INTEL
  12.1.10 BAUMER OPTRONIC
  12.1.11 JAI A/S
  12.1.12 MVTEC SOFTWARE
  12.1.13 ISRA VISION
  12.1.14 SICK
  12.1.15 MEDIATEK
  12.1.16 CADENCE DESIGN SYSTEMS
  12.1.17 CEVA
  12.1.18 SYNOPSYS
  12.1.19 TORDIVEL AS
12.2 STARTUP-ECOSYSTEM
  12.2.1 AMETEK
  12.2.2 QUALITAS TECHNOLOGIES
  12.2.3 SUALAB
  12.2.4 ALGOLUX
  12.2.5 CLARIFAI

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
13.5 AVAILABLE CUSTOMIZATIONS
13.6 RELATED REPORTS
13.7 AUTHOR DETAILS

LIST OF TABLES

Table 1 COMPUTER VISION MARKET, BY COMPONENT, 2015–2023 (USD BILLION)
Table 2 COMPUTER VISION MARKET, BY HARDWARE, 2015–2023 (USD MILLION)
Table 3 COMPUTER VISION MARKET FOR CAMERAS, IN TERMS OF VALUE AND VOLUME, 2015–2023
Table 4 COMPUTER VISION MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2015–2023 (USD MILLION)
Table 5 COMPUTER VISION MARKET FOR CAMERAS, BY FRAME RATE, 2015–2023 (USD MILLION)
Table 6 COMPUTER VISION MARKET FOR CAMERAS, BY FORMAT, 2015–2023 (USD MILLION)
Table 7 COMPUTER VISION MARKET FOR CAMERAS, BY SENSOR TYPE, 2015–2023 (USD MILLION)
Table 8 COMPUTER VISION MARKET, BY PROCESSOR, 2015–2023 (USD MILLION)
Table 9 COMPUTER VISION MARKET, BY SOFTWARE, 2015–2023 (USD MILLION)
Table 10 COMPUTER VISION MARKET, BY PRODUCT, 2015–2023 (USD BILLION)
Table 11 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR AUTOMOTIVE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 12 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 13 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 14 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR PRINTING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 15 PC-BASED COMPUTER VISION SYSTEMS FOR METALS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 16 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR WOOD AND PAPER INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 17 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 18 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 19 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 20 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR GLASS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 21 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR MACHINERY INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 22 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 23 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR TEXTILES INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 24 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR HEALTHCARE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 25 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR POSTAL AND LOGISTICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 26 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR INTELLIGENT TRANSPORTATION SYSTEMS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 27 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR SECURITY AND SURVEILLANCE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 28 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR AGRICULTURE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 29 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR SPORTS AND ENTERTAINMENT INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 30 MARKET FOR PC-BASED COMPUTER VISION SYSTEMS FOR RETAIL INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 31 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR AUTOMOTIVE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 32 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 33 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 34 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR PRINTING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 35 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR METALS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 36 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR WOOD AND PAPER INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 37 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 38 MARKET FOR CAMERA-BASED COMPUTER VISION SYSTEMS FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 39 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 40 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR GLASS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 41 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR MACHINERY INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 42 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 43 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR TEXTILES INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 44 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR HEALTHCARE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 45 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR POSTAL AND LOGISTICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 46 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR INTELLIGENT TRANSPORTATION SYSTEMS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 47 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR SECURITY AND SURVEILLANCE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 48 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR AGRICULTURE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 49 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR NON-INDUSTRIAL CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 50 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR AUTONOMOUS/SEMIAUTONOMOUS VEHICLES INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 51 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR SPORTS AND ENTERTAINMENT INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 52 MARKET FOR SMART CAMERA-BASED COMPUTER VISION SYSTEMS FOR RETAIL INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
Table 53 COMPUTER VISION MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
Table 54 COMPUTER VISION MARKET, BY VERTICAL, 2015–2023 (USD BILLION)
Table 55 COMPUTER VISION MARKET, BY INDUSTRIAL VERTICAL, 2015–2023 (USD MILLION)
Table 56 COMPUTER VISION MARKET, BY NON-INDUSTRIAL VERTICAL, 2015–2023 (USD MILLION)
Table 57 COMPUTER VISION MARKET, BY REGION, 2015–2023 (USD BILLION)
Table 58 COMPUTER VISION MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 59 COMPUTER VISION MARKET IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
Table 60 COMPUTER VISION MARKET IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
Table 61 COMPUTER VISION MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 62 TOP 5 PLAYERS IN THE COMPUTER VISION MARKET, 2017
Table 63 PRODUCT LAUNCHES AND DEVELOPMENTS (2015–2017)
Table 64 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS (2015–2017)
Table 65 MERGERS & ACQUISITIONS (2015–2017)

According to the new market research report "Computer Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Traditional Software)), Product (PC Based and Smart Camera Based), Application, Vertical - Global Forecasts to 2023", the computer vision market is expected to be valued at USD 11.94 Billion in 2018 and is likely to reach USD 17.38 Billion by 2023, at a CAGR of 7.80% between 2018 and 2023. The growth of the market is mainly driven by the increasing adoption of computer vision in autonomous and semiautonomous vehicles, and consumer drones; and the rising adoption of Industry 4.0. Recent advancements in computer vision technology, comprising advanced cameras, deep learning software, and image sensors, have increased the scope for computer vision systems to be used in a wide range of applications in various industries.

The major companies operating in the computer vision market are:

  • Cognex (US)
  • Basler (Germany)
  • OMRON (Japan)
  • KEYENCE Corporation (Japan)
  • National Instruments (US)
  • Sony (Japan)
  • Teledyne Technologies (US)
  • Texas Instruments (US)
  • Intel (US)
  • Baumer Optronic (Germany)
  • Tordivel (Norway)
  • ISRA VISION (Germany)
  • MVTec Software (Germany)
  • MediaTek (Taiwan)
  • Cadence Design Systems (US)
  • CEVA (US)
  • Synopsys (US)
  • SICK (Germany)
  • JAI A/S (Denmark).

Computer vision market for autonomous and semiautonomous vehicles to grow at a significant rate between 2018 and 2023

The ongoing developments in advanced safety systems, such as computer vision-integrated ADAS systems, are fueling the growth of the computer vision market for the semiautonomous vehicles industry. Several automobile companies are working on the concept of autonomous cars. Hence, the computer vision market for the autonomous and semiautonomous vehicles industry is expected to grow at a significant rate during the forecast period.

APAC to hold a major share of the computer vision market throughout the forecast period

Asia Pacific (APAC) holds ample growth opportunities for the computer vision market as it is considered as a major manufacturing hub for most industries. China is a potential market for all emerging technologies, including computer vision. Its massive manufacturing industries have contributed to the growth and prosperity of the country. The computer vision market is likely to grow significantly in China as it perceives computer vision as a key enabler to modernization. In addition, strong competition among consumer electronics companies in APAC is likely to boost the adoption of computer vision systems in the region.

Market for smart camera-based computer vision systems to grow at a high rate during the forecast period

There is a growing demand for smart camera-based computer vision systems as these systems comprise an embedded controller with an integrated vision software, which is directly connected to one or more cameras. Smart cameras are easy to operate and include all components, from cameras to processors and input/output devices, embedded in a small enclosure. Owing to the abovementioned factors, the market for smart camera-based computer vision systems is expected to grow at a high rate during the forecast period.



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