Computer Vision Market

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

Report Code: SE 6082 Mar, 2018, by marketsandmarkets.com

The computer vision market is expected to grow from USD 10.9 billion in 2019 to USD 17.4 billion by 2024-growing at a CAGR of 7.8% during the forecast period. Major factors driving the market growth include increasing need for quality inspection and automation, growing demand for vision-guided robotic systems, rising demand for application- specific computer vision systems.

Computer Vision Market

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By product, market for smart camera-based is growing at fastest rate during forecast period

The growth is attributed to the advancements in smart camera technology and IoT, and increasing penetration of smart camera-based computer vision systems. Smart camera-based computer vision systems are cost-effective, compact and flexible, thus it becomes easier to implement changes in these systems based on revised regulations and standards.

By vertical, automotive to hold largest share in 2018

The automotive industry is one of the early adopters of computer vision systems and continues to hold the largest share of the computer vision market among other industries in the industrial vertical. Automation is widely used for assembling vehicles in this industry; hence, the adoption of computer vision systems is high. This is contributing to the growth of the computer vision market for the automotive industry.

Computer Vision Market

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North America is expected to hold largest share during forecast period

North America holds the largest share of the global computer vision market. Pharmaceuticals and food & packaging are the major two sectors that are implementing computer vision systems because of mandatory government regulations, to ensure quality, and for ease of operation. This is expected to drive the growth of the computer vision market in this region.

Key Market Players

Key players in the computer vision market include Cognex Corporation (US), Basler (Germany), Omron Corporation (Japan), KEYENCE CORPORATION (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies, Inc. (US), Allied Vision Technologies (Germany), Texas Instruments, Inc. (US), Intel Corporation (US), Baumer Optronic (Germany), and JAI A/S (Denmark), MediaTek, Inc. (Taiwan), Cadence Design Systems, Inc. (US), CEVA, Inc. (US), and Synopsys, Inc. (US)

Cognex Corporation (US) holds a strong position in the global machine vision market owing to its strong employee base and global presence, with offices and distributors located throughout the Americas, Europe, and Asia. The company has production units in the US and Europe. It focuses on expanding its position as a machine vision provider in different markets by acquiring business and technologies; for instance, Cognex has acquired AQSense (Spain), Chiaro (US), and EnShape (Germany) to enhance its portfolio of machine vision portfolio products. It has also acquired ViDi Systems SA (Switzerland) to expand its portfolio of vision software.

Basler (Germany) ranked second in the computer vision market. Basler designs and manufactures digital cameras for machine vision systems. Basler has a strong employee base and a broad product portfolio. These factors have a positive impact on its revenue, which has subsequently increased during its succeeding years. To maintain its market position, Basler focuses on continuous innovation and the development of new technologies to be integrated with its products to provide additional benefits, such as increased performance or low costs, to its customers. The company also intends to increase its sales by focusing on the high-volume embedded vision technology markets, particularly on the components business, such as digital cameras for industrial applications. In line with this, the company has acquired Mycable (Germany), an embedded vision provider.

Recent Developments

  • Cognex (US) introduced the new In-Sight 7000 series, a suite of ultra-rugged, highly modular standalone vision systems. The second-generation In-Sight 7000 series represents a breakthrough in performance, flexibility, and ease of integration.
  • Basler (Germany) added 2/3" lenses to its existing Original lenses series. These new lenses are used in sensors with a resolution of up to 2 megapixels and for applications wherein low resolutions are sufficient.
  • KEYENCE (Japan) launched a 3D vision system that features point-and-click tools to measure 3D objects. The vision system is equipped with HSE3–CMOS image sensor and uses a blue, short wavelength 405 nm laser, a GP-64 processor, and a 2D Ernostar lens.
  • National Instruments (US) launched new NI PXIe-8880 controller, which is based on the Intel Xeon processor, and the NI PXIe- 1085 chassis, which is the industry’s first chassis that uses PCI Express Gen 3 technology.
  • Intel (US) launched Computer Vision SDK that allows developers to make their computer vision applications more accurate and faster. Computer Vision SDK combines video processing, computer vision, machine learning, and pipeline optimization into a single package.

Critical Questions the Report Answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industries that are likely to adopt computer vision systems?
  • How is computer vision system influencing automation?
  • What are the trends prevalent in the computer vision market?
  • What are the key strategies adopted by leading companies in the computer vision market?

Study Objectives

  • To describe and forecast the computer vision market, in terms of value, by component, product, application, vertical, and geography
  • To describe and forecast the market, in terms of volume, for various segments, on the basis of camera component
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of computer vision market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the computer vision value chain
  • To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies2, along with detailing the competitive landscape for market leaders
  • To analyze strategies such as partnerships, agreement & acquisitions, product launches and developments, and expansions adopted by market players

Scope of the Report:

Report Metric

Details

Report Name

Computer Vision Market

Market size availability for years

2015–2023

Base year

2017

Forecast period

2018–2023

Forecast units

Value in terms of USD million and billion

Segments covered

Component, product, application, vertical, and region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Cognex Corporation (US), Basler (Germany), Omron Corporation (Japan), KEYENCE CORPORATION (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies, Inc. (US), Allied Vision Technologies (Germany), Texas Instruments, Inc. (US), Intel Corporation (US), Baumer Optronic (Germany), and JAI A/S (Denmark), MediaTek, Inc. (Taiwan), Cadence Design Systems, Inc. (US), CEVA, Inc. (US), and Synopsys, Inc. (US) are a few major players in the computer vision market.

Computer vision market segmentation:

In this report, the computer vision market has been segmented into the following categories:

Based on Component, the computer vision market has been segmented as follows:

  • Hardware 
  • Software

Based on product, the computer vision market has been segmented as follows:

  • PC-based computer vision systems
  • Smart cameras-based computer vision systems

Based on Application, the computer vision market has been segmented as follows:

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Predictive Maintenance

Based on Vertical, the computer vision market has been segmented as follows:

  • Industrial vertical
  • Non-Industrial vertical

Based on Region, the computer vision market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    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 (Page No. - 20)
    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 (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Computer Vision Market
    4.2 Market, By Application (2017–2023)
    4.3 Market in APAC, By Country and Vertical
    4.4 Market, By Geography (2017)
    4.5 Market, By Product and Application

5 Market Overview (Page No. - 40)
    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 (Page No. - 50)
    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 (Page No. - 64)
    7.1 Introduction
    7.2 PC-Based Computer Vision Systems
    7.3 Smart Cameras-Based Computer Vision Systems

8 Computer Vision Market, By Application (Page No. - 91)
    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 (Page No. - 95)
    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 (Page No. - 105)
     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 (Page No. - 116)
     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 (Page No. - 122)
(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 (Page No. - 170)
     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 (65 Tables)

Table 1 Computer Vision Market, By Component, 2015–2023 (USD Billion)
Table 2 Market, By Hardware, 2015–2023 (USD Million)
Table 3 Market for Cameras, in Terms of Value and Volume, 2015–2023
Table 4 Market for Cameras, By Interface Standard, 2015–2023 (USD Million)
Table 5 Market for Cameras, By Frame Rate, 2015–2023 (USD Million)
Table 6 Market for Cameras, By Format, 2015–2023 (USD Million)
Table 7 Market for Cameras, By Sensor Type, 2015–2023 (USD Million)
Table 8 Market, By Processor, 2015–2023 (USD Million)
Table 9 Market, By Software, 2015–2023 (USD Million)
Table 10 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 Market, By Vertical, 2015–2023 (USD Billion)
Table 55 ComputMarket, By Industrial Vertical, 2015–2023 (USD Million)
Table 56 Market, By Non-Industrial Vertical, 2015–2023 (USD Million)
Table 57 Market, By Region, 2015–2023 (USD Billion)
Table 58 Market in North America, By Country, 2015–2023 (USD Million)
Table 59 Market in Europe, By Country/Region, 2015–2023 (USD Million)
Table 60 Market in APAC, By Country/Region, 2015–2023 (USD Million)
Table 61 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)


List of Figures (53 Figures)

Figure 1 Segmentation of the Computer Vision Market
Figure 2 Computer Vision Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Market (2017–2023)
Figure 8 Cameras to Hold the Largest Size of the Computer Vision Market in 2018
Figure 9 Computer Vision Market for Predictive Maintenance Applications to Grow at the Highest CAGR Between 2018 and 2023
Figure 10 Market for Food and Packaging Industry to Grow at the Highest Rate Between 2018 and 2023
Figure 11 Market for Smart Camera-Based Computer Vision Systems to Grow at A Higher CAGR Between 2018 and 2023
Figure 12 APAC to Hold the Largest Share of the Computer Vision Market in 2018
Figure 13 Market to Grow at A Significant Rate Between 2018 and 2023 Owing to the Increasing Adoption of Industrial 4.0 and AI-Integrated Computer Vision Systems
Figure 14 Market for Predictive Maintenance Applications to Grow at the Highest Rate Between 2018 and 2023
Figure 15 Automotive Industry Held the Largest Share of the Computer Vision Market in APAC in 2017
Figure 16 Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 17 PC-Based Computer Vision Systems Held A Larger Share of the Computer Vision Market for Quality Assurance and Inspection Applications in 2017
Figure 18 Increasing Demand for Quality Inspection and Automation to Drive the Growth of the Computer Vision Market
Figure 19 Growth of Industrial Robotics, in Terms of Shipment, Between 2012 and 2016
Figure 20 Increasing Demand for Hybrid and Electric Vehicles Between 2015 and 2040
Figure 21 Value Chain Analysis: Maximum Value Added During the Component and Equipment Manufacturing and System Integration Stages
Figure 22 Computer Vision Market for Software to Grow at A Higher Rate During the Forecast Period
Figure 23 Camera Link to Hold the Largest Size of the Computer Vision Market for Cameras Throughout the Forecast Period
Figure 24 Computer Vision Market for Area Scan Format-Based Cameras to Grow at A Higher CAGR During the Forecast Period
Figure 25 Smart Camera-Based Computer Vision Systems to Hold A Larger Size of the Computer Vision Market By 2023
Figure 26 Market for PC-Based Computer Vision Systems for Food and Packaging Industry in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 27 Market for PC-Based Computer Vision Systems for Healthcare Industry in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 28 Market for Smart Camera-Based Computer Vision Systems for Automotive Industry in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 29 Market for Smart Camera-Based Computer Vision Systems for Pharmaceuticals Industry in APAC to Grow at the Highest Rate the Forecast Period
Figure 30 Market for Smart Camera-Based Computer Vision Systems for Non-Industrial Consumer Electronics Industry in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 31 Computer Vision Market for Predictive Maintenance Applications to Grow at the Highest CAGR During the Forecast Period
Figure 32 Computer Vision Market for Non-Industrial Vertical to Grow at A Higher CAGR During the Forecast Period
Figure 33 Market for Autonomous and Semi Autonomous Vehicles Industry to Grow at A Highest Rate During the Forecast Period (2018–2023)
Figure 34 Geographic Snapshot of the Global Computer Vision Market (2018–2023)
Figure 35 Snapshot of the Computer Vision Market in North America
Figure 36 Snapshot of the Computer Vision Market in APAC
Figure 37 Product Launches and Developments Emerged as the Key Growth Strategies Adopted By the Companies Between 2015 and 2017
Figure 38 Market Evaluation Framework: Product Launches and Developments Have Fuelled Growth and Innovation Between 2015 and 2017
Figure 39 Cognex: Company Snapshot
Figure 40 Basler: Company Snapshot
Figure 41 Omron: Company Snapshot
Figure 42 Keyence: Company Snapshot
Figure 43 National Instruments: Company Snapshot
Figure 44 Sony: Company Snapshot
Figure 45 Teledyne Technologies: Company Snapshot
Figure 46 Texas Instruments: Company Snapshot
Figure 47 Intel: Company Snapshot
Figure 48 Isra Vision: Company Snapshot
Figure 49 Sick: Company Snapshot
Figure 50 Mediatek: Company Snapshot
Figure 51 Cadence Design Systems: Company Snapshot
Figure 52 Ceva: Company Snapshot
Figure 53 Synopsys: Company Snapshot

The study involved 4 major activities to estimate the current size of the computer vision market. Exhaustive secondary research has been done to collect information on the market, including the peer market and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. The top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information relevant to this study. The secondary sources used for this research study include auto industry organizations (such as OICA), corporate filings (such as annual reports, investor presentations, and financial statements), and trade, press releases, investor presentations of companies, white papers, journals and certified publications, articles from recognized authors, websites, directories, and databases. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary research.

Primary Research

In the primary research process, an extensive primary research has been conducted after understanding and analyzing the computer vision market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews; questionnaires and e-mails have also been used to collect the data.

Computer Vision Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches have been implemented to estimate and validate the total size of the computer vision market. These methods have also been used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • Key players in the industry have been identified through extensive secondary research.
  • The industry’s supply chain and market size in terms of value have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size - using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides across different end-user industries.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Company Information: Detailed analysis and profiling of additional 5 market players
  • Country-level break-up for the market based on vertical
Report Code
SE 6082
Published ON
Mar, 2018
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