Product ID: SQMIG45E2084
Report ID:
SQMIG45E2084 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
87 |
Figures:
76
The Global Computer Vision market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the North American region is projected to hold the most substantial share of the market. The regional Computer Vision Market is likely to be driven by favorable government measures aimed at promoting the use of computer vision to ensure quality and ease of operation in the region. Apart from the automotive industry, the food & packaging and pharmaceutical industries are also two major industries that are adopting computer vision systems. This contributes to the regional growth of the market during the forecast period.
Further, in 2021, the Asia-Pacific region also led the market, accounting for a significant share of worldwide sales. This can be attributed to the considerable increase in computer vision technology investments in Chinese enterprises. Inclination towards smart manufacturing and industrial automation is another major aspect that contributes to the regional growth of the Computer Vision Market during the forecast period.
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REQUEST FREE CUSTOMIZATIONComputer Vision Market size was valued at USD 11.22 billion in 2019 and is poised to grow from USD 12.01 billion in 2023 to USD 22.07 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
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Product ID: SQMIG45E2084