Vision AI Market Trends and Forecast
The future of the global vision AI market looks promising with opportunities in the computer, automotive, marine, military, education, and medical markets. The global vision AI market is expected to grow with a CAGR of 24.6% from 2024 to 2030. The major drivers for this market are increase in demand for AI-powered image and video analysis across industries, advancements of deep learning algorithms and neural networks, and rising demand for advanced security and surveillance solutions.
• Lucintel forecasts that face recognition is expected to witness higher growth over the forecast period.
• Within this market, computer is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Vision AI Market
• United States – Google introduced AI-powered vision solutions for healthcare imaging, aiming to improve diagnostic accuracy. Government supports AI research in healthcare innovation.
• China – Huawei launched Vision AI for smart cities, targeting traffic management and public safety. Government initiatives promote AI integration in urban infrastructure.
• Germany – Bosch announced AI-driven vision systems for industrial automation, aiming to enhance production efficiency. Government funds support AI technology adoption in manufacturing.
• India – Wipro implemented Vision AI for agricultural drones, targeting precision farming and yield optimization. Government promotes AI use in agriculture for sustainable development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Vision AI Market by Segment
The study includes a forecast for the global vision AI market by type, application, and region.
Vision AI Market by Type [Value from 2018 to 2030]:
• Face Recognition
• Self-Driving Cars
• Detection & Tracking
• 3D Printing
• Medical Imaging
• Traffic Monitoring
• Others
Vision AI Market by Application [Value from 2018 to 2030]:
• Computer
• Automotive
• Marine
• Military
• Education
• Medical
• Others
Vision AI Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Vision AI Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vision AI companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vision AI companies profiled in this report include-
• Sightengine
• Paravision
• Linker Vision
• Viso.AI
• Plainsight
• Crunchbase
• Sunoida
Recent Development in the Vision AI Market
• Google: Introducing AI-powered vision solutions for healthcare imaging to enhance diagnostic accuracy and improve patient outcomes.
• Huawei: Launching Vision AI for smart cities aimed at improving traffic management and enhancing public safety through advanced surveillance systems.
• Bosch: Announcing AI-driven vision systems for industrial automation to optimize production processes and improve operational efficiency in manufacturing.
• Wipro: Implementing Vision AI in agricultural drones to enable precision farming techniques, aiming to increase crop yield and efficiency in agriculture.
Features of the Global Vision AI Market
Market Size Estimates: Vision ai market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Vision ai market size by type, application, and region in terms of value ($B).
Regional Analysis: Vision ai market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the vision AI market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vision AI market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for vision AI market?
Answer: The global vision AI market is expected to grow with a CAGR of 24.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the vision AI market?
Answer: The major drivers for this market are increase in demand for AI-powered image and video analysis across industries, advancements of deep learning algorithms and neural networks, and rising demand for advanced security and surveillance solutions.
Q3. What are the major segments for vision AI market?
Answer: The future of the global vision AI market looks promising with opportunities in the computer, automotive, marine, military, education, and medical markets.
Q4. Who are the key vision AI market companies?
Answer: Some of the key vision AI companies are as follows:
• Sightengine
• Paravision
• Linker Vision
• Viso.AI
• Plainsight
• Crunchbase
• Sunoida
Q5. Which vision AI market segment will be the largest in future?
Answer: Lucintel forecasts that face recognition is expected to witness higher growth over the forecast period.
Q6. In vision AI market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vision AI market by type (face recognition, self-driving cars, detection and tracking, 3D printing, medical imaging, traffic monitoring, and others), application (computer, automotive, marine, military, education, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Vision AI Market, Vision AI Market Size, Vision AI Market Growth, Vision AI Market Analysis, Vision AI Market Report, Vision AI Market Share, Vision AI Market Trends, Vision AI Market Forecast, Vision AI Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.