Europe 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)

TIPRE00022102 | Pages: 133 | Technology, Media and Telecommunications | May 2021 | Type: Regional | Status: Published

Market Introduction

Europe consists of several developed economies such as Germany, France, Italy, the UK, and Russia amongst others. Increasing adoption of digitalization across the European region is not only affecting different industries to maximize their capabilities, but also experiencing high adoption of technologically advanced solutions across among various industries across the region that helps in the digitalized environment. According to studies, the rate of digitalization across Europe stood at 77% in November 2020. With the growing demand for smart manufacturing facilities across the region, the adoption of artificial intelligence powered computer vision has experienced a rise over the years. For instance, Abto Software is considered among the third largest company offering artificial intelligence and computer vision solutions across the European region. The company is engaged in offering various innovative artificial intelligence in computer vision solutions which includes, cashier-less checkout, body measurement, advanced activity recognition solutions, license plate recognition and traffic flow measurement for intelligent transportation systems, OCR and structured data extraction solutions, and automated object counting for production lines amongst others. The company also offers customized computer vision and machine learning solutions to offer enhanced customer experience. Also, emotion AI at high demand is a major factor driving the Europe AI in computer vision market.    

As selected countries observed a rise in the number of reported cases and subsequently attracted strict as well as longer lockdown periods or social isolation, the effect of COVID-19 varied from country to country throughout the European region. However, due to the strong healthcare system, Western European countries such as Germany, France, Russia, the United Kingdom, and others have seen a comparatively modest decrease in their development activities. European government to protect its population from the virus has made huge investments in the implementation of technology in its healthcare systems for better detection of symptoms of the virus. AI in computer vision in the region is being adopted across the healthcare industry to efficiently detect and treat covid-19 among the population. Thus, leaving a positive impact on the market. However, due to the temporary closure of all economic activities in the region, the adoption of technologies has experienced a dip across all other major industries in the region such as manufacturing, retail and automotive amongst others. This is further expected to refrain the market growth over the years. Thus, the outbreak of the virus is expected to have a moderate to low impact on the AI in computer vision market in the region.   


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Market Overview and Dynamics

The AI in computer vision market in Europe is expected to grow from US$ 1,212.90 million in 2019 to US$ 27,107.46 million by 2027; it is estimated to grow at a CAGR of 48.5% from 2020 to 2027. Deep learning has brought a new change in the role of machine vision used for smart manufacturing and industrial automation. Integration of deep learning is propelling machine vision systems to adapt themselves to variations in production. This dramatically strengthens the machine vision value proposition by bringing a rapid shift in accelerating inspection procedures, increasing application efficiency and operating efficiencies. On the other hand, with increased resolution of cameras and improved pixel resolution, suppliers of component lenses are committed to provide enhanced lenses for industrial applications, especially in the heavy industry. Liquid lenses would be a modern trend to increase speed and alacrity, relying almost immediately on a change in current or voltage without the need for mechanical improvements to traditional lenses. Thus, the above-mentioned factors are expected to fuel the growth of the Europe AI in computer vision market over the years.    

Key Market Segments

The Europe 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 Europe AI in computer vision market in 2019. Based on end-user the Europe 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 Europe 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 Europe 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 Europe AI in computer vision market.
  • Efficiently plan M&A and partnership deals in Europe 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 Europe AI in computer vision market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe AI in Computer Vision Market Segmentation
Europe AI in Computer Vision Market - By Component

  • Software
  • Hardware

Europe AI in Computer Vision Market - By End-User

  • Sports and Entertainment
  • Robotics and Machine Vision
  • Security and Surveillance
  • Government and Defense
  • Others

Europe AI in Computer Vision Market - By Country

  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

Europe 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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe AI in Computer Vision Market – By Component

1.3.2        Europe AI in Computer Vision Market – by End-User

1.3.3        Europe 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.           Europe AI in Computer Vision Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe AI in Computer Vision Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surge in Need of Merged Reality

5.1.2        Emotion AI at High Demand

5.2         Market Restraints

5.2.1        Issues Related to Privacy

5.3         Market Opportunities

5.3.1        Automating Processes Across Industries Highly Needed

5.4         Future Trends

5.4.1        Rising Usage in Manufacturing Sector

5.5         Impact Analysis of Drivers and Restraints

6.           AI in Computer Vision Market – Europe Analysis

6.1         Europe AI in Computer Vision Market Overview

6.1.1        Europe: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

7.           Europe AI in Computer Vision Market Analysis – By Component

7.1         Overview

7.2         Europe 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.           Europe AI in Computer Vision Market Analysis – By End-User

8.1         Overview

8.2         Europe 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.           Europe AI in Computer Vision Market – Country Analysis

9.1         Overview

9.1.1        Europe: AI in Computer Vision Market, by Key Country

9.1.1.1          Germany: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Germany: AI in Computer Vision Market, by Component

9.1.1.1.2          Germany: AI in Computer Vision Market, by End-User

9.1.1.2          France: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          France: AI in Computer Vision Market, by Component

9.1.1.2.2          France: AI in Computer Vision Market, by End-User

9.1.1.3          Italy: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Italy: AI in Computer Vision Market, by Component

9.1.1.3.2          Italy: AI in Computer Vision Market, by End-User

9.1.1.4          UK: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          UK: AI in Computer Vision Market, by Component

9.1.1.4.2          UK: AI in Computer Vision Market, by End-User

9.1.1.5          Russia: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          Russia: AI in Computer Vision Market, by Component

9.1.1.5.2          Russia: AI in Computer Vision Market, by End-User

9.1.1.6          Rest of Europe: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of Europe: AI in Computer Vision Market, by Component

9.1.1.6.2          Rest of Europe: AI in Computer Vision Market, by End-User

10.        Impact of COVID-19 Pandemic on Europe AI in Computer Vision Market

10.1      Europe: 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      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.             Europe AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Germany: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Germany: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)

Table 4.             France: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 5.             France: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Italy: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Italy: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)

Table 8.             UK: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 9.             UK: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Russia: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Russia: AI in Computer Vision Market, by End-User –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of Europe: AI in Computer Vision Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of Europe: 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.           Europe AI in Computer Vision Market Segmentation

Figure 2.           Europe AI in Computer Vision Market Segmentation – By Country

Figure 3.           Europe 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.           Italy to Show Great Traction During Forecast Period

Figure 7.           Europe – PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Europe AI in Computer Vision Market Impact Analysis of Drivers and Restraints

Figure 10.        Europe AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Europe AI in Computer Vision Market Revenue Share, by Component (2019 and 2027)

Figure 12.        Europe Hardware: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Europe Software: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Europe AI in Computer Vision Market Revenue Share, by End-User (2019 and 2027)

Figure 15.        Europe Automotive: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Europe Sports and Entertainment: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Europe Robotics and Machine Vision: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Europe Security and Surveillance: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Europe Government and defense: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Europe Others: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Europe: AI in computer Vision Market, by Key Country Revenue 2019 (US$ Million)

Figure 22.        Europe: AI in computer Vision Market Revenue Share, by Key Country (2019 and 2027)

Figure 23.        Germany: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        France: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Italy: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        UK: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Russia: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Rest of Europe: AI in Computer Vision Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. 1.6 Xilinx, Inc.
  2. Allied Vision Technologies GmbH
  3. Basler AG
  4. Cognex Corporation
  5. General Electric Company
  6. Intel Corporation
  7. Microsoft Corporation
  8. Nvidia Corporation
  9. Qualcomm Incorporated
  10. Teledyne Technologies, Inc.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe AI in computer vision market
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe 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
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