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North America 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)

Code: TIPRE00022110 | Pages: 110 | Industry: Technology, Media and Telecommunications | Date: May 2021
Covid

Market Introduction

Computer vision is a branch of artificial intelligence that allows the visual world to be known by a machine. A computer system can precisely locate and classify photos and videos with the assistance of computer vision to get useful information from the real world. The technology also allows the stripes to be seen and identified in a universal product code by a bar code scanner. Computer vision can be adequately compared to the information we hear about brain processing. Artificial intelligence in computer vision has a wide range of applications such as Self-driving cars, facial recognition, AR and mixed reality, healthcare, and information technology amongst others. AI in computer vision works in three processes namely, image acquisition; image processing; and image analysis and understanding. The combination of these three processes enables enterprises to make decision for achieving their growth plans. North America is consisting of developed economies, such as the US, Canada, and Mexico. Technology developments across North America have resulted in a highly competitive market for all industries. North America is also receiving high foreign direct investments for technological developments from economically strong countries. In order to better meet customer demands for high-quality products and services, businesses in the region are constantly improving their overall business processes. At present, in North America (the US and Canada), the penetration of AI in computer vision solutions, especially in the manufacturing sector is high. Rising investments in technologies by both private and public enterprises to enhance the overall efficiency and increase production capacity by converting traditional processes into modern smart manufacturing units, is fueling the growth of the market in the region. Also, surge in demand for merged reality is a major factor driving the North America AI in computer vision market.    

North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries is expected to affect the economic growth of the region in a negative manner. Presently, the US is the world’s worst affected country due to COVID-19 outbreak thereby influencing the sudden stands still across all industries such as manufacturing and automotive amongst others. It is becoming apparent with the COVID-19 pandemic spreading across the United States that few can escape its scope, presenting significant challenges to all industries. However, the major adoption of the technology across the region is noticed in the manufacturing sector where the same is applied for converting tradition manufacturing processes into smart ones. Thus, the closure of all manufacturing units across countries like United States, Canada and Mexico is expected to impact the growth of the AI in computer vision market negatively. However, the outbreak of the virus has influenced the adoption of the technology across the healthcare sector to detect covid-19 among patients. Thus, rising investment by the healthcare sector in technologies in the present situation is expected to impact the market positively. Thus, the region is expected to have an overall moderate impact in the AI in computer vision market owing to the pandemic over the years.  

Market Overview and Dynamics

The AI in computer vision market in North America is expected to grow from US$ 1,761.21 million in 2019 to US$ 32,565.09 million by 2027; it is estimated to grow at a CAGR of 45.0% from 2020 to 2027. Although innovations, such as the Internet of Things, are revolutionizing the manufacturing industry and making processes more autonomous, AI in computer vision would help improve them further. Computer vision is playing a significant part in inspecting fabricated products for flaws and non-conformities. Thus, on the production line, it may remove the need for human inspection, which is significantly increasing the adoption of AI in computer vision technology across the market. Similarly, edge computing solves the dilemma of latency and network usability. Devices can currently be set up in places where a network link is bad or non-existent without considering the connectivity. In addition, edge computing would offset some of the costs of using and managing cloud computing for data sharing. These factors are expected to drive the North America AI in computer vision market during the forecast period.   

Key Market Segments

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

North America AI in Computer Vision Market Segmentation

North America AI in Computer Vision Market - By Component

  • Software
  • Hardware

North America AI in Computer Vision Market - By End-User

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

North America AI in Computer Vision Market - By Country

  • US
  • Canada
  • Mexico

North America 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        North America AI in Computer Vision Market – By Component

1.3.2        North America AI in Computer Vision Market – by End-User

1.3.3        North America 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.             North America AI in Computer Vision Market Landscape

4.1       Market Overview

4.2       North America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             North America AI in Computer Vision Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Surge in Demand for Merged Reality

5.1.2        Rise in Demand for Emotion AI

5.2       Market Restraints

5.2.1        Privacy Related Concerns

5.3       Market Opportunities

5.3.1        Automating Processes at High Demand Across Various Industries

5.4       Future Trends

5.4.1        Rapid Adoption by Manufacturing Sector

5.5       Impact Analysis of Drivers and Restraints

6.             AI in Computer Vision Market – North America Analysis

6.1       North America AI in Computer Vision Market Overview

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

7.             North America AI in Computer Vision Market Analysis – By Component

7.1       Overview

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

8.1       Overview

8.2       North America 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.             North America AI in Computer Vision Market – Country Analysis

9.1       Overview

9.1.1        North America: AI in Computer Vision Market, by Key Country

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

9.1.1.1.1       US: AI in Computer Vision Market, by Component

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

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

9.1.1.2.1       Canada: AI in Computer Vision Market, by Component

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

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

9.1.1.3.1       Mexico: AI in Computer Vision Market, by Component

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

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

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

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

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

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

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

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

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

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America AI in Computer Vision Market Segmentation

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

Figure 3.           North America 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.           US to Show Great Traction During Forecast Period

Figure 7.           North America – PEST Analysis

Figure 8.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

Figure 21.        North America: AI in Computer Vision Market, by Key Country - Revenue 2019 (US$ Million)

Figure 22.        North America: AI in Computer Vision Market Revenue Share, by Key Country (2019 and 2027)

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

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

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

Figure 26.        Impact of COVID-19 Pandemic in North American 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 North America 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 North America 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 North America 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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