Asia-Pacific AI in Computer Vision Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software) and End-User (Automotive, Sports and Entertainment, Robotics and Machine Vision, Security and Surveillance, Government and Defense, and Others)
Market Introduction
Presence of emerging economies and rise in adoption of innovative and advanced technologies are contributing to the APAC region's overall development. The major contributors to the growth of the AI in computer vision market are Australia, China, Japan, and India. Rapid technological advances, digitalization of economies, and sufficient government support are leading to the smooth evolution of these economies from a developing stage to a developed stage in terms of adoption of technologically advanced solutions across various industries present in the region. Investing in technology is enabling the industries to enhance their overall production capacity in developing countries. These ventures enable both public and private investors to benefit from the investment of capital. Moreover, the countries have experienced a rise in both public and private investments in in complex technologies across the region. This is boosting the adoption of artificial intelligence and computer vision solution implementation across enterprises in the country. For instance, AI & Vision Solutions (Pvt) Ltd offers artificial intelligence powered computer vision solutions such as smart parking management systems, traffic law violation detection system, and city surveillance and crime prevention solutions amongst others. Thus, the advanced solutions are being highly adopted by both private and public sectors of the region thereby, contributing to the growth of the AI in computer vision market over the years. Also, various industries demanding automating processing is a major factor driving the APAC AI in computer vision market.
Because of a massive number of cases in China, the APAC region is greatly affected by COVID-19, the country is the most important manufacturer and industrial producer because it trades more manufacturing products than any other country in the world; it is also a world leader in many types of goods. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large South Korea, India, Australia, and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities which includes manufacturing and processing amongst others has highly impacted the growth of the region. Owing to severe burden of losses over manufacturing companies, the investment on new technologies and implementation of the same will now be deferred till they resume back to normal. This is expected to negatively impact the AI in computer vision market growth. However, the rising adoption of the technology across the healthcare sector to determine symptoms of covid-19 strains are influencing its high adoption across the countries to combat the rapid spread of the virus. Thus, the mixed effect of the technology across various industries is expected to moderately impact the market growth over the years across the region.
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Market Overview and Dynamics
The AI in computer vision market in APAC is expected to grow from US$ 1,156.92 million in 2019 to US$ 27,754.01 million by 2027; it is estimated to grow at a CAGR of 49.8% from 2020 to 2027. Nowadays, any virtual reality or augmented reality device produces an interactive 3D world. Most AR devices can conduct basic environment scans—for example, Google ARCore can detect flat surfaces and changes in light conditions—and VR systems can detect the user's movements by head tracking, controllers, etc.; however, their abilities stop there. The program for computer vision moves VR and AR to the next level of progress that some call merged reality (MR). With the aid of external environment mapping cameras and sensors, as well as eye-tracking solutions and gyroscopes to position the user, the VR and AR systems can perceive the atmosphere and direct the user away from barriers such as walls, products, or other users; detect the movement of the user's eye and body and adopt the VR environment; accordingly, and offer instructions and directions for indoor areas, public parks, underground and more. For instance, at Lowe's hardware store, each visitor can use an AR system to make their shopping list from which they can get directions for each item in the store. This is expected to raise the demand for artificial intelligence (AI) in computer vision over the years.
Key Market Segments
The APAC AI in computer vision market is segmented into component, and end-user. Based on component, the market is segmented into hardware and software. The hardware segment held the largest share of APAC AI in computer vision market in 2019. Based on end-user the APAC AI in computer vision market is segmented into automotive, sports and entertainment, robotics and machine vision, security and surveillance, government and defense, and others. The automotive sector accounted for the highest share in the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the AI in computer vision market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 1.6 Xilinx, Inc.; Allied Vision Technologies GmbH; Basler AG; Cognex Corporation; General Electric Company; Intel Corporation; Microsoft Corporation; Nvidia Corporation; Qualcomm Incorporated; Teledyne Technologies, Inc.
Reasons to buy report
- To understand the APAC AI in computer vision market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC AI in computer vision market.
- Efficiently plan M&A and partnership deals in APAC AI in computer vision market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC AI in computer vision market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC AI in Computer Vision Market Segmentation
APAC AI in Computer Vision Market - By Component
- Software
- Hardware
APAC AI in Computer Vision Market - By End-User
- Sports and Entertainment
- Robotics and Machine Vision
- Security and Surveillance
- Government and Defense
- Others
APAC AI in Computer Vision Market - By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of APAC
APAC AI in Computer Vision Market - Company Profiles
- 1.6 Xilinx, Inc.
- Allied Vision Technologies GmbH
- Basler AG
- Cognex Corporation
- General Electric Company
- Intel Corporation
- Microsoft Corporation
- Nvidia Corporation
- Qualcomm Incorporated
- Teledyne Technologies, Inc
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC AI in Computer Vision Market – By Component
1.3.2 APAC AI in Computer Vision Market – by End-User
1.3.3 APAC AI in Computer Vision Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC AI in Computer Vision Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC AI in Computer Vision Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Demand for Merged AI is Growing
5.1.2 Emotion AI is Becoming More Common
5.2 Market Restraints
5.2.1 Rising Privacy Concerns
5.3 Market Opportunities
5.3.1 Various Industries Demanding Automating Processing
5.4 Future Trends
5.4.1 High Acceptance of AI in Manufacturing Sector
5.5 Impact Analysis of Drivers and Restraints
6. AI in Computer Vision Market – APAC Analysis
6.1 APAC AI in Computer Vision Market Overview
6.1.1 APAC: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
7. APAC AI in Computer Vision Market Analysis – By Component
7.1 Overview
7.2 APAC AI in Computer Vision Market, by Component (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8. APAC AI in Computer Vision Market Analysis – By End-User
8.1 Overview
8.2 APAC AI in Computer Vision Market, by End-User (2019 and 2027)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Sports and Entertainment
8.4.1 Overview
8.4.2 Sports and Entertainment: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Robotics and Machine Vision
8.5.1 Overview
8.5.2 Robotics and Machine Vision: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Security and Surveillance
8.6.1 Overview
8.6.2 Security and Surveillance: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Government and Defense
8.7.1 Overview
8.7.2 Government and Defense: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9. APAC AI in Computer Vision Market – Country Analysis
9.1 Overview
9.1.1 APAC: AI in Computer Vision Market, by Key Country
9.1.1.1 Australia: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: AI in Computer Vision Market, by Component
9.1.1.1.2 Australia: AI in Computer Vision Market, by End-User
9.1.1.2 China: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: AI in Computer Vision Market, by Component
9.1.1.2.2 China: AI in Computer Vision Market, by End-User
9.1.1.3 India: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: AI in Computer Vision Market, by Component
9.1.1.3.2 India: AI in Computer Vision Market, by End-User
9.1.1.4 Japan: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Japan: AI in Computer Vision Market, by Component
9.1.1.4.2 Japan: AI in Computer Vision Market, by End-User
9.1.1.5 South Korea: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: AI in Computer Vision Market, by Component
9.1.1.5.2 South Korea: AI in Computer Vision Market, by End-User
9.1.1.6 Rest of APAC: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: AI in Computer Vision Market, by Component
9.1.1.6.2 Rest of APAC: AI in Computer Vision Market, by End-User
10. Impact of COVID-19 Pandemic on APAC AI in Computer Vision Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 Cognex Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 General Electric Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Intel Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Microsoft Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Qualcomm Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 1.6 Xilinx, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teledyne Technologies, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nvidia Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Basler AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Allied Vision Technologies GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 4. China: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 5. China: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 6. India: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. India: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC AI in Computer Vision Market Segmentation
Figure 2. APAC AI in Computer Vision Market Segmentation – By Country
Figure 3. APAC AI in Computer Vision Market Overview
Figure 4. Hardware Segment Held the Largest Market Share Based on Component
Figure 5. Automotive Segment Held the Largest Market Share Based on End-User
Figure 6. India to Show Great Traction During Forecast Period
Figure 7. APAC– PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC AI in Computer Vision Market Impact Analysis of Drivers and Restraints
Figure 10. APAC AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. APAC AI in Computer Vision Market Revenue Share, by Component (2019 and 2027)
Figure 12. APAC Hardware: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. APAC Software: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC AI in Computer Vision Market Revenue Share, by End-User (2019 and 2027)
Figure 15. APAC Automotive: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. APAC Sports and Entertainment: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. APAC Robotics and Machine Vision: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. APAC Security and Surveillance: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. APAC Government and defense: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. APAC Others: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. APAC: AI in Computer Vision Market Share, by Key Country, Revenue 2019 (US$ Million)
Figure 22. APAC: AI in Computer Vision Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. Australia: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. China: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Japan: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in APAC Country Markets
The List of Companies - Asia Pacific AI in Computer Vision Market
- 1.6 Xilinx, Inc.
- Allied Vision Technologies GmbH
- Basler AG
- Cognex Corporation
- General Electric Company
- Intel Corporation
- Microsoft Corporation
- Nvidia Corporation
- Qualcomm Incorporated
- Teledyne Technologies, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC AI in computer vision market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC AI in computer vision market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the AI in computer vision market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution