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New Analysis from Global Industry Analysts Reveals Steady Growth for Computer Vision, with the Market to Reach $18 Billion Worldwide by 2026

·5 min read

SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Computer Vision - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

New Analysis from Global Industry Analysts Reveals Steady Growth for Computer Vision, with the Market to Reach $18 Billion Worldwide by 2026
New Analysis from Global Industry Analysts Reveals Steady Growth for Computer Vision, with the Market to Reach $18 Billion Worldwide by 2026

FACTS AT A GLANCE
What's New for 2022?

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to our digital archives and MarketGlass Research Platform

  • Complimentary updates for one year

Edition: 8; Released: January 2022
Executive Pool: 2012
Companies: 43 - Players covered include algolux; AMETEK, Inc.; BASLER AG; Baumer Optronic GmbH; Cadence Design Systems, Inc.; CEVA, Inc.; Clarifai, Inc.; Cognex Corporation; Intel Corporation; Isra Vision AG; JAI A/S; Keyence Corporation; Mediatek, Inc.; Mvtec Software GmbH; National Instruments Corporation; Omron Corporation; Qualitas Technologies Pvt Ltd.; Sick AG; Sony Corporation; SUALAB; Synopsys, Inc.; Teledyne Technologies Inc.; Texas Instruments, Inc.; Tordivel AS and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Services, Hardware); Vertical (Automotive, Sports & Entertainment, Consumer, Robotics & Machine Vision, Medical, Security & Surveillance)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Computer Vision Market to Reach $18 Billion by 2026

Amid the COVID-19 crisis, the global market for Computer Vision estimated at US$12.2 Billion, is projected to reach a revised size of US$18 Billion by 2026, growing at a CAGR of 6.4% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$5.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.9 Billion in 2021, While China is Forecast to Reach $3.2 Billion by 2026

The Computer Vision market in the U.S. is estimated at US$3.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Hardware Segment to Reach US$5.6 Billion by the year 2026

In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion will reach a projected size of US$4.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™

Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.