Semiconductor and Electronic Survey

MarketsandMarketsTM recently released a new market research report titled " AI in Computer Vision Market   With Covid-19 Impact by Component, Machine Learning Models, Function, Application (Industrial, Non-Industrial), End-Use Industry (Security & Surveillance, Consumer Electronics) and Geography - Global Forecast to 2026". The  AI in Computer Vision Market is estimated to be valued at USD 15.9 billion in 2021 and reach USD 51.3 billion by 2026; it is anticipated to grow at a CAGR of 26.3% during the forecast period (2021–2026). The increasing need for computer vision systems in novel and emerging applications, the rising requirement for ASICs, and government measures to assist industrial automation and the integration of AI into edge devices are the main factors propelling the expansion of the AI market for computer vision. The market, however, may face significant challenges throughout the forecast period due to a number of factors, including escalating security concern

The   AI in Computer Vision Market   would be worth USD 15.9 billion in 2021 and USD 51.3 billion in 2026, growing at a CAGR of 26.3%. The primary drivers of the market's expansion are the increased need for ASICs, quality inspection and automation, computer vision systems in novel and developing applications, and quality inspection. Government programmes to encourage industrial automation and the integration of AI into edge devices are also anticipated to open up lucrative potential for market participants in computer vision AI. However, growing security worries about image processing and analytics in the cloud are anticipated to hamper industry expansion. NVIDIA (US), Intel Corp. (US), Microsoft Corp. (US), IBM Corp. (US), and Qualcomm (US) controlled the AI in Computer Vision market in 2020. The top 5 players in the AI in computer vision market mostly used product launches, new innovations, collaborations, and acquisitions to expand their client bases and innovate on their produ