AI in Computer Vision Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207199
  • Format: Electronic (PDF)
  • Number of Pages: 224
  • Author(s): Joshi, Madhavi

Report Overview

The AI in Computer Vision Market size was estimated at USD 15.2 billion in 2023 and is projected to reach USD 45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20.50% during the forecast period (2024-2030).

AI in Computer Vision Market

(Market Size)
$15.2 billion
$45 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 20.50%
2023 Market Size USD 15.2 billion
2030 Market Size USD 45 billion
Key Players NVIDIA, Intel, Cognex, Basler, Omron

Market Summary

The integration of artificial intelligence in computer vision is fundamentally transforming the manufacturing and construction industries by enabling unprecedented levels of automation, precision, and data-driven decision-making. This market focuses on leveraging advanced algorithms and deep learning models to interpret visual data from cameras and sensors, automating complex tasks that traditionally required human oversight. In manufacturing, these technologies are instrumental in powering automated quality control systems, robotic guidance for assembly lines, and predictive maintenance protocols that analyze equipment for signs of wear or failure. The construction sector utilizes AI-driven computer vision for project monitoring, safety compliance through personal protective equipment detection, and progress tracking via drones and fixed-site cameras. The convergence of IoT sensor data with powerful AI analytics is creating smarter, more connected industrial environments. This synergy allows for real-time operational adjustments, significantly reducing downtime and optimizing resource allocation. The technology is evolving beyond traditional rule-based machine vision to cognitive systems capable of learning and adapting to new visual scenarios without explicit reprogramming, marking a significant leap in operational intelligence for industrial applications.

Key Highlights

The deployment of AI in computer vision within industrial settings is characterized by several pivotal advancements. A primary highlight is the shift from detection to prediction, where systems not only identify defects but also forecast potential failures before they occur, enabling a proactive maintenance strategy. The technology facilitates hyper-automation on production floors, where collaborative robots equipped with vision systems can work alongside humans, enhancing both safety and productivity. In construction, the application of 3D computer vision for modeling and comparing as-built structures against original blueprints in real-time ensures unparalleled accuracy and reduces costly rework. Another significant highlight is the enhancement of worker safety; AI algorithms can continuously monitor sites for compliance with safety protocols, such as the correct use of harnesses or the presence of unauthorized personnel in hazardous zones. Furthermore, the scalability of cloud-based vision solutions allows small and medium-sized enterprises to access sophisticated analytics that were once the domain of large corporations. The continuous improvement in algorithm efficiency, reducing the computational power required, is also making these solutions more accessible and cost-effective for widespread industrial adoption.

Drivers, Opportunities & Restraints

The growth of AI in the computer vision market for manufacturing and construction is propelled by a confluence of powerful drivers. The relentless pursuit of operational efficiency and cost reduction is a primary force, compelling companies to automate visual inspection and monitoring tasks. The increasing availability of high-quality, low-cost sensor technology and the exponential growth in computational power through GPUs and specialized AI chips provide the necessary infrastructure for deployment. A significant opportunity lies in the integration of digital twin technology, where a live computer vision feed can update a virtual model of a factory or construction site, enabling simulation and optimization without disrupting physical operations. The emergence of AI-as-a-Service models also presents a substantial opportunity for vendors to offer vision capabilities without significant upfront investment from clients. However, the market faces considerable restraints, including the high initial cost of integration and the complexity of retrofitting legacy machinery and systems with modern vision technology. Data privacy and security concerns, especially when using cloud-based processing for sensitive industrial imagery, also pose challenges. A critical restraint is the significant shortage of skilled professionals capable of developing, deploying, and maintaining these sophisticated AI vision systems, which can slow adoption rates.

Concentration Insights

The competitive landscape for AI in computer vision within manufacturing and construction is concentrated among a mix of established technology giants and agile specialized firms. Leading technology companies such as NVIDIA, Intel, and IBM hold significant influence due to their foundational work in developing the advanced hardware and AI frameworks that power these vision systems. These players often provide the core platforms and development tools upon which solutions are built. Alongside them, a vibrant ecosystem of specialized AI firms like Cognex Corporation, Keyence, and OMRON Corporation focus intensely on industrial automation, offering tailored vision systems for quality inspection and robotic guidance. The market also features prominent construction technology specialists like Trimble and Procore, which are integrating AI vision into their project management and site analysis software. This concentration creates a dynamic where large players drive platform innovation while smaller, niche companies excel in developing bespoke applications for specific industrial challenges. Partnerships and acquisitions are common strategies, as larger entities seek to acquire specialized capabilities and smaller firms leverage the distribution networks of their partners.

Type Insights

AI in computer vision solutions for industrial applications can be broadly categorized by the type of technology and deployment model. A fundamental distinction is between hardware-centric and software-centric solutions. Hardware-centric offerings include smart cameras and sensors with embedded processing capabilities that perform analysis at the edge, reducing latency and bandwidth requirements?a critical factor for real-time applications like robotic control. Software-centric solutions involve powerful algorithms that can be deployed on standard cameras and processed on-premises or in the cloud, offering greater flexibility. From a technical perspective, key types include deep learning models such as Convolutional Neural Networks (CNNs) for image classification and object detection, which are exceptionally adept at identifying complex patterns and defects. Another important type is instance segmentation, which not only detects objects but also delineates their precise boundaries, which is vital for detailed quality inspection. Furthermore, generative adversarial networks (GANs) are emerging for creating synthetic visual data to train models where real-world defective examples are scarce. The choice between these types depends on the specific application, required accuracy, latency tolerance, and available infrastructure.

Application Insights

The application of AI-driven computer vision is vast and varied across the manufacturing and construction sectors. In manufacturing, the foremost application is automated visual inspection, where systems scrutinize products for microscopic defects, surface imperfections, or assembly errors with superhuman accuracy and consistency. Robotic guidance is another critical application, enabling robots to identify, pick, and place components with high precision, thus streamlining assembly lines and warehouse logistics. Predictive maintenance is a rapidly growing application, where thermal and visual cameras monitor machinery for anomalies like overheating or unusual vibrations, signaling the need for maintenance before a breakdown occurs. In the construction industry, a primary application is project progress monitoring and documentation, where drones and site cameras automatically track work completed against digital plans. Safety monitoring is equally crucial, with systems designed to detect hazards like unauthorized entry into dangerous zones, missing personal protective equipment, or potential structural weaknesses. Additionally, applications like inventory management, where vision systems track materials and equipment on large sites, and automated grading and excavation are gaining significant traction for their ability to improve efficiency and reduce waste.

Regional Insights

The adoption and development of AI in computer vision for manufacturing and construction display distinct regional patterns influenced by industrial base, technological investment, and regulatory environments. North America, particularly the United States, is a frontrunner, characterized by strong presence of leading technology firms, high investment in R&D, and an advanced manufacturing sector eager to adopt automation to maintain competitiveness. Europe follows closely, with Germany, the UK, and France at the forefront, driven by Industry 4.0 initiatives and a robust automotive and industrial machinery sector that demands high-precision vision systems. The Asia-Pacific region is anticipated to exhibit significant growth, fueled by the massive manufacturing hubs in China, Japan, and South Korea. Governments in this region are actively promoting smart manufacturing policies, and the expanding construction industry in countries like India and Southeast Asian nations presents substantial opportunities. Meanwhile, other regions are also gradually incorporating these technologies, often focusing on specific niche applications or leveraging solutions developed in the leading markets. The regulatory landscape, including data sovereignty laws and policies on AI ethics, also plays a crucial role in shaping the deployment strategies of companies across these different regions.

Company Insights

The market features a diverse array of companies, from multinational conglomerates to focused startups, each contributing unique capabilities. Technology leaders such as NVIDIA Corporation are pivotal, providing the GPU hardware and software platforms like CUDA and Isaac that serve as the computational backbone for training and running complex vision models. Intel Corporation, through its Movidius vision processing units and OpenVINO toolkit, is another key player enabling efficient AI inference at the edge. In the industrial automation space, Cognex Corporation and Keyence Corporation are dominant forces, offering a comprehensive range of machine vision systems, smart cameras, and software specifically engineered for factory automation and quality control. IBM Corporation integrates AI vision within its broader Watson IoT platform for predictive maintenance and asset management. For the construction vertical, companies like Trimble Inc. integrate computer vision into their surveying and project management software to enable reality capture and digital twin creation. Beyond these established names, a thriving ecosystem of startups continues to innovate, developing specialized applications for niche problems, from detecting weld defects to monitoring construction site safety in real-time, often attracting investment and partnership interest from the larger incumbents.

Recent Developments

The field of AI in computer vision for industrial applications is evolving at a rapid pace, with recent developments focused on enhancing capability, accessibility, and integration. A major trend is the advancement of few-shot or self-supervised learning techniques, which drastically reduce the amount of labeled training data required to deploy an accurate vision system, addressing a significant barrier to adoption. There is also a strong movement towards edge AI, where processing is performed directly on the device or a local gateway rather than in the cloud. This development is critical for applications requiring millisecond-level latency, such as controlling high-speed robotic arms. Integration with other Industry 4.0 technologies is another key development; vision systems are increasingly being woven into digital twin frameworks, providing the real-time visual data needed to keep virtual models synchronized with their physical counterparts. Furthermore, there is a growing emphasis on developing more robust and explainable AI models that can not only make accurate predictions but also provide reasoning for their decisions, which is crucial for gaining trust in mission-critical industrial environments. The rollout of 5G networks is also poised to significantly impact the market by enabling high-bandwidth, low-latency wireless transmission of high-resolution video feeds for centralized analysis.

Report Segmentation

This comprehensive market research report on AI in Computer Vision for Manufacturing and Construction is meticulously segmented to provide a detailed and granular analysis of the industry. The segmentation allows stakeholders to pinpoint specific areas of interest and understand the dynamics within each sub-segment. The report is first segmented by component, distinguishing between the hardware (such as cameras, sensors, and processors) and the software (including platforms and AI models) that constitute a complete vision system. It is further categorized by technology, delving into the different types of deep learning architectures employed, such as CNNs, R-CNNs, and others. The application segmentation provides a deep dive into the specific use cases across both verticals, including quality assurance, predictive maintenance, metrology, guidance, and safety monitoring. A crucial segmentation is by deployment mode, analyzing the trends and trade-offs between cloud-based and on-premises solutions. The report also includes a detailed geographical breakdown, offering regional and country-level analysis to identify growth hotspots and regional specific challenges. This multi-faceted segmentation ensures the report delivers actionable insights tailored to the strategic needs of hardware vendors, software developers, system integrators, and end-user enterprises.

FAQs

What are the key factors driving the growth of AI in computer vision? The growth is primarily driven by the urgent need for enhanced operational efficiency, superior quality control, and stringent safety compliance within manufacturing and construction. The increasing affordability of powerful hardware and the proliferation of visual data from IoT devices are also significant catalysts.

Which companies are the leaders in AI for computer vision? Market leaders include technology providers like NVIDIA and Intel, industrial automation specialists such as Cognex and Keyence, and construction technology firms like Trimble. These companies provide the essential hardware, software platforms, and industry-specific applications.

How is AI in computer vision used in manufacturing? Its primary applications in manufacturing encompass automated visual inspection for defect detection, precise guidance for robotics in assembly and packaging, and predictive maintenance by monitoring equipment conditions through thermal and visual analysis.

What are the common applications in the construction industry? In construction, it is widely used for autonomous progress monitoring using drones and cameras, enhancing site safety by detecting protocol violations, and managing inventory by tracking materials and equipment across large sites.

What are the major challenges facing this market? Significant challenges include the high initial investment required for integration, the complexity of managing and labeling large datasets for training AI models, concerns regarding data privacy and security, and a pronounced shortage of skilled AI talent.

Which region is leading in the adoption of this technology? North America and Europe are currently at the forefront of adoption, due to their advanced industrial bases and strong technological infrastructure. However, the Asia-Pacific region is rapidly emerging as a high-growth market due to its massive manufacturing sector and government support for smart initiatives.

Citius Research has developed a research report titled “AI in Computer Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• AI in Computer Vision Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The AI in Computer Vision Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

AI in Computer Vision Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

AI in Computer Vision Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of AI in Computer Vision Market
• Research Methodology
• Executive Summary
• Market Dynamics of AI in Computer Vision Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of AI in Computer Vision Market
• Cost and Gross Margin Analysis of AI in Computer Vision Market
• AI in Computer Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “AI in Computer Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

AI in Computer Vision Market Key Stakeholders

Below are the key stakeholders for the AI in Computer Vision Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

AI in Computer Vision Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the AI in Computer Vision Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the AI in Computer Vision Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in AI in Computer Vision Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global AI in Computer Vision Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global AI in Computer Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global AI in Computer Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global AI in Computer Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global AI in Computer Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America AI in Computer Vision Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America AI in Computer Vision Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe AI in Computer Vision Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA AI in Computer Vision Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific AI in Computer Vision Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa AI in Computer Vision Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia AI in Computer Vision Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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