The Rise of AI in Computer Vision Market Trends and Forecast

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MarketsandMarkets Presents
The global AI in Computer Vision Market is
expected to be valued at USD 17.2 billion in 2023
and is projected to reach USD 45.7 billion by
2028 it is expected to grow at a CAGR of 21.5
from 2023 to 2028. Several trends and
disruptions are impacting customer businesses in
Al computer vision advancements in deep
learning deep learning is a subfield of machine
learning that has revolutionized the field of Al
computer vision. With the development of deep
learning algorithms and the availability of large
datasets, Al computer vision is becoming
increasingly accurate and effective.
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Key Players NVIDIA Corporation (US), Intel
Corporation (US), Microsoft (US), IBM Corporation
(US), Qualcomm Technologies Inc. (US), Advanced
Micro Devices, Inc (US), Alphabet, Inc. (US),
Amazon (US), Basler AG (Germany), Hailo (US), and
Groq, Inc. (US). The other company profiles
included in the scope are Sighthound, Inc. (US),
Neurala, Inc. (US), Datagen (Israel), Graphcore
(UK), Groopic (US) Get Sample PDF _at_
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Increasing use of AI computer vision in
autonomous systems The increasing use of AI
computer vision in autonomous systems, such as
self-driving cars, drones, and robots, leads to
new and innovative applications. This is because
AI computer vision technology allows these
systems to perceive and understand their
environments, making it possible for them to make
decisions and act accordingly. AI computer vision
is a critical component in the development of
self-driving cars. AI algorithms can be used to
process the data from cameras and sensors
installed in the car to identify objects, such as
pedestrians, other vehicles, road signs, and
traffic signals, in real-time. This allows the
car to make decisions on how to react to its
environment and drive safely without the need for
human intervention.
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GPU is expected to hold the highest CAGR for the
hardware segment during the forecast period. In
the consumer market, graphic processing units
(GPUs) are widely used in computing systems.
These processors are preferred over central
processing units (CPUs), as the former can handle
a more complex set of data with greater
efficiency. Graphic processing units (GPUs) are
mainly used for 3D applications, such as computer
games and 3D authorizing software. The major
companies that provide processors are NVIDIA
(US), Qualcomm (US), and Intel (US). In
real-time, Nvidia GPUs are used in industrial
inspection systems to process and analyze image
data from cameras and other sensors.
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AI in the computer vision market in North
America to hold the highest market share during
the forecast period Startups in the US are
receiving funds from various organizations to
research AI technology, which finds applications
in autonomous drones and other aerial vehicles.
The countrys primary focus is to overcome
reliability, safety, and autonomy challenges
faced by industrial drones. Browse Complete
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