South & Central America AI in Computer Vision Market Forecast to 2030 - Regional Analysis - by Component (Software and Hardware) and End Use Industry (Security and Surveillance, Manufacturing, Automotive, Retail, Sports and Entertainment, and Others)
The South & Central America AI in computer vision market was valued at US$ 436.47 million in 2022 and is expected to reach US$ 3,312.90 million by 2030; it is estimated to record a CAGR of 28.8% from 2022 to 2030.
Increased Manufacturing of Autonomous Vehicles Boosts South & Central America AI in Computer Vision Market
Computer vision is a fundamental technology for developing autonomous or self-driving vehicles. It provides the necessary perception capabilities, enabling vehicles to navigate and operate safely without human intervention. Computer vision algorithms can interpret complex visual data, including traffic signs, lane markings, traffic lights, and road conditions. This allows autonomous vehicles to make informed decisions about their movements and adjust their behavior accordingly. Computer vision is at the center of autonomous vehicle technology. By leveraging object detection algorithms while also using the latest cameras and sensors, autonomous vehicles get to identify their surroundings, making the entire driving process safer. Computer vision models allow autonomous vehicles to stop before they hit walkers or cyclists. Various companies are launching new autonomous vehicles. For instance, in 2023, the first autonomous minibus prototype in South America was unveiled by Marcopolo in collaboration with Brazilian startup Lume Robotics. The project, which took two years to develop and involved multiple Brazilian companies, incorporates autonomous technology into the Volare Attack 8 model, allowing it to function entirely on its own without requiring any kind of remote supervision or interaction. Therefore, the increasing manufacturing of autonomous vehicles is anticipated to provide growth opportunities for the AI in computer vision market.
South & Central America AI in Computer Vision Market Overview
South & Central America is home to a few of the fastest-growing economies in the world, and rapid industrialization is driving the demand for automation and efficiency. AI in computer vision can be used to automate a wide variety of tasks in industrial settings, such as defect detection, product sorting, and quality control. South America is also experiencing a growing demand for security and surveillance solutions. AI computer vision can be used to analyze video footage and identify potential threats, such as intruders, weapons, and suspicious activity, to improve public safety and security in cities across the region. AI computer vision is a rapidly evolving field, and advancements in technology are making it more powerful and affordable than ever before. For example, in Brazil, AI computer vision is being used to automate the inspection of steel products for defects to improve the quality of steel products and reduce the cost of production. Also, in Argentina, AI computer vision is being used to monitor traffic flow and identify potential hazards to improve traffic safety and reduce congestion. Therefore, the demand for AI computer vision is growing rapidly in South & Central America.
South & Central America AI in Computer Vision Market Revenue and Forecast to 2030 (US$ Million)
South & Central America AI in Computer Vision Market Segmentation
The South & Central America AI in computer vision market is segmented based on component, end use industry, and country. Based on component, the South & Central America AI in computer vision market is bifurcated into software and hardware. The software segment held a larger market share in 2022.
In terms of end use industry, the South & Central America AI in computer vision market is categorized into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held the largest market share in 2022.
Based on country, the South & Central America AI in computer vision market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America AI in computer vision market share in 2022.
Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp are some of the leading players operating in the South & Central America AI in computer vision market.
Increased Manufacturing of Autonomous Vehicles Boosts South & Central America AI in Computer Vision Market
Computer vision is a fundamental technology for developing autonomous or self-driving vehicles. It provides the necessary perception capabilities, enabling vehicles to navigate and operate safely without human intervention. Computer vision algorithms can interpret complex visual data, including traffic signs, lane markings, traffic lights, and road conditions. This allows autonomous vehicles to make informed decisions about their movements and adjust their behavior accordingly. Computer vision is at the center of autonomous vehicle technology. By leveraging object detection algorithms while also using the latest cameras and sensors, autonomous vehicles get to identify their surroundings, making the entire driving process safer. Computer vision models allow autonomous vehicles to stop before they hit walkers or cyclists. Various companies are launching new autonomous vehicles. For instance, in 2023, the first autonomous minibus prototype in South America was unveiled by Marcopolo in collaboration with Brazilian startup Lume Robotics. The project, which took two years to develop and involved multiple Brazilian companies, incorporates autonomous technology into the Volare Attack 8 model, allowing it to function entirely on its own without requiring any kind of remote supervision or interaction. Therefore, the increasing manufacturing of autonomous vehicles is anticipated to provide growth opportunities for the AI in computer vision market.
South & Central America AI in Computer Vision Market Overview
South & Central America is home to a few of the fastest-growing economies in the world, and rapid industrialization is driving the demand for automation and efficiency. AI in computer vision can be used to automate a wide variety of tasks in industrial settings, such as defect detection, product sorting, and quality control. South America is also experiencing a growing demand for security and surveillance solutions. AI computer vision can be used to analyze video footage and identify potential threats, such as intruders, weapons, and suspicious activity, to improve public safety and security in cities across the region. AI computer vision is a rapidly evolving field, and advancements in technology are making it more powerful and affordable than ever before. For example, in Brazil, AI computer vision is being used to automate the inspection of steel products for defects to improve the quality of steel products and reduce the cost of production. Also, in Argentina, AI computer vision is being used to monitor traffic flow and identify potential hazards to improve traffic safety and reduce congestion. Therefore, the demand for AI computer vision is growing rapidly in South & Central America.
South & Central America AI in Computer Vision Market Revenue and Forecast to 2030 (US$ Million)
South & Central America AI in Computer Vision Market Segmentation
The South & Central America AI in computer vision market is segmented based on component, end use industry, and country. Based on component, the South & Central America AI in computer vision market is bifurcated into software and hardware. The software segment held a larger market share in 2022.
In terms of end use industry, the South & Central America AI in computer vision market is categorized into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held the largest market share in 2022.
Based on country, the South & Central America AI in computer vision market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America AI in computer vision market share in 2022.
Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp are some of the leading players operating in the South & Central America AI in computer vision market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Hardware Component Providers:
4.2.2 Software Developers:
4.2.3 System Integrator:
4.2.4 End Use Industry:
4.2.5 List of Vendors in Value Chain
5. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET - KEY INDUSTRY DYNAMICS
5.1 AI in Computer Vision Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Adoption of Industry 4.0
5.2.2 Rising Applications in Healthcare, Agriculture, and Retail Industries
5.3 Market Restraints
5.3.1 High Cost of Procuring and Complexity of Implementing AI-Based Computer Vision Solutions
5.3.2 Increase In Privacy Concerns
5.4 Market Opportunities
5.4.1 Increased Manufacturing of Autonomous Vehicles
5.4.2 Rise in Government Initiatives to Boost Development of AI-Related Technologies
5.5 Future Trends
5.5.1 Edge Computer Vision
5.5.2 Real- Time Video Analytics
5.6 Impact of Drivers and Restraints:
6. AI IN COMPUTER VISION MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 AI in Computer Vision Market Revenue (US$ Million), 2020 - 2030
6.2 AI in Computer Vision Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET ANALYSIS - COMPONENT
7.1 Software
7.1.1 Overview
7.1.2 Software: Market Revenue and Forecast to 2030 (US$ Million)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Market Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET ANALYSIS - END USE INDUSTRY
8.1 Security and Surveillance
8.1.1 Overview
8.1.2 Security and Surveillance: Market Revenue and Forecast to 2030 (US$ Million)
8.2 Manufacturing
8.2.1 Overview
8.2.2 Manufacturing: Market Revenue and Forecast to 2030 (US$ Million)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Market Revenue and Forecast to 2030 (US$ Million)
8.4 Retail
8.4.1 Overview
8.4.2 Retail: Market Revenue and Forecast to 2030 (US$ Million)
8.5 Sports and Entertainment
8.5.1 Overview
8.5.2 Sports and Entertainment: Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Market Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET - COUNTRY ANALYSIS
9.1 South & Central America
9.1.1 South & Central America AI in Computer Vision Market Overview
9.1.2 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Brazil AI in Computer Vision Market Breakdown by Component
9.1.2.2.2 Brazil AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.3 Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Argentina AI in Computer Vision Market Breakdown by Component
9.1.2.3.2 Argentina AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.4 Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Rest of South & Central America AI in Computer Vision Market Breakdown by Component
9.1.2.4.2 Rest of South & Central America AI in Computer Vision Market Breakdown by End Use Industry
10. COMPETITIVE LANDSCAPE
10.1 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Advanced Micro Devices Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cognex Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Intel Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microsoft Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Qualcomm Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teledyne Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NVIDIA Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 International Business Machines Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Hardware Component Providers:
4.2.2 Software Developers:
4.2.3 System Integrator:
4.2.4 End Use Industry:
4.2.5 List of Vendors in Value Chain
5. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET - KEY INDUSTRY DYNAMICS
5.1 AI in Computer Vision Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Adoption of Industry 4.0
5.2.2 Rising Applications in Healthcare, Agriculture, and Retail Industries
5.3 Market Restraints
5.3.1 High Cost of Procuring and Complexity of Implementing AI-Based Computer Vision Solutions
5.3.2 Increase In Privacy Concerns
5.4 Market Opportunities
5.4.1 Increased Manufacturing of Autonomous Vehicles
5.4.2 Rise in Government Initiatives to Boost Development of AI-Related Technologies
5.5 Future Trends
5.5.1 Edge Computer Vision
5.5.2 Real- Time Video Analytics
5.6 Impact of Drivers and Restraints:
6. AI IN COMPUTER VISION MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 AI in Computer Vision Market Revenue (US$ Million), 2020 - 2030
6.2 AI in Computer Vision Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET ANALYSIS - COMPONENT
7.1 Software
7.1.1 Overview
7.1.2 Software: Market Revenue and Forecast to 2030 (US$ Million)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Market Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET ANALYSIS - END USE INDUSTRY
8.1 Security and Surveillance
8.1.1 Overview
8.1.2 Security and Surveillance: Market Revenue and Forecast to 2030 (US$ Million)
8.2 Manufacturing
8.2.1 Overview
8.2.2 Manufacturing: Market Revenue and Forecast to 2030 (US$ Million)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Market Revenue and Forecast to 2030 (US$ Million)
8.4 Retail
8.4.1 Overview
8.4.2 Retail: Market Revenue and Forecast to 2030 (US$ Million)
8.5 Sports and Entertainment
8.5.1 Overview
8.5.2 Sports and Entertainment: Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Market Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA AI IN COMPUTER VISION MARKET - COUNTRY ANALYSIS
9.1 South & Central America
9.1.1 South & Central America AI in Computer Vision Market Overview
9.1.2 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Brazil AI in Computer Vision Market Breakdown by Component
9.1.2.2.2 Brazil AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.3 Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Argentina AI in Computer Vision Market Breakdown by Component
9.1.2.3.2 Argentina AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.4 Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Rest of South & Central America AI in Computer Vision Market Breakdown by Component
9.1.2.4.2 Rest of South & Central America AI in Computer Vision Market Breakdown by End Use Industry
10. COMPETITIVE LANDSCAPE
10.1 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Advanced Micro Devices Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cognex Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Intel Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microsoft Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Qualcomm Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teledyne Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NVIDIA Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 International Business Machines Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
