Artificial Intelligence (AI) in Computer Vision Market Updates

Artificial Intelligence (AI) in Computer Vision Market size was valued at USD 25.8 Billion in 2023 and is poised to grow from USD 32.12 Billion in 2024 to USD 185.26 Billion by 2032, growing at a CAGR of 24.5% during the forecast period (2025-2032).

Global Artificial Intelligence (AI) in Computer Vision has tremendous progress, resulting in disruption in numerous sectors such as healthcare and automotive. The major players such as Google, Microsoft, and NVIDIA have advanced the field with their algorithms and frameworks. On the other hand, startups such as Clarifai and SenseTime have also made significant innovations. Launches, innovations, technology advancements, mergers, and acquisitions, collaborations and partnerships are some of the growth strategies that are adopted by these key players to thrive in the competitive market. 'Microsoft Corporation (US) ', 'Google LLC (US) ', 'IBM Corporation (US) ', 'Amazon Web Services, Inc. (US) ', 'Intel Corporation (US) ', 'NVIDIA Corporation (US) ', 'Apple Inc. (US) ', 'Facebook, Inc. (US) ', 'Qualcomm Incorporated (US) ', 'Baidu, Inc. (China) ', 'Alibaba Group Holding Limited (China) ', 'Tencent Holdings Limited (China) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Sony Corporation (Japan) ', 'Huawei Technologies Co., Ltd. (China) ', 'SenseTime Group Ltd. (China) ', 'Cognex Corporation (US) ', 'Honeywell International Inc. (US) ', 'Texas Instruments Incorporated (US) ', 'NEC Corporation (Japan) '

Rapid advances in AI algorithms, deep learning, and neural networks are exponentially increasing the capabilities of computer vision systems. These technological innovations are enabling accurate and efficient image and video analysis and are driving the adoption of AI in computer vision across a variety of industries. 

Bringing the IoT Together: Connecting the Physical and Digital Worlds: The integration of AI-driven computer vision with the Internet of Things (IoT) is a market priority. This integration enables new applications and enhances existing ones, providing real-time, intelligent insights for connected devices. From smart cities to industrial automation to home security to retail analytics, the interplay between AI and IoT in computer vision is driving innovation and opening new opportunities for growth.

Asia Pacific region is dominating the market. Important players such as Omron Corp. are expected to contribute to the market and Sony Semiconductor Solutions Corp. presence will drive the growth of the market in this region. Investments in the APAC region is increasing significantly. For example, in February 2022, Amazon Web Services, Inc., a provider of cloud computing platforms, will launch AWS Panorama, a software development kit in Asia-Pacific that powers productivity with computer vision.