AI in Computer Vision Market to Expand with Signi
½cant
CAGR during 2031
October 15, 2021
AI in Computer Vision Market: Growth Contours
The applications of computer vision can get as diverse as the use cases of artificial intelligence (AI) in image recognition. Image acquisition, processing, and analysis tools and technologies have made continuous advancements over the decades. These have unarguably extended the vision intelligence capabilities of computers and devices such as cameras, thereby proliferating the use of computer vision in wide range of applications, notably in gait analysis, and facial recognition.
Advances in the science underlying convolutional neural network architecture have made AI in computer vision smarter. One of the rapidly emerging area in the AI in
computer vision market has been robotics. As a result, AI in computer vision has unleashed incredible potential in the medical, healthcare, and automotive industries, and industrial control systems.
Concurrently, there has been enormous research in harnessing the capabilities of AI in computer vision for the panoply of applications in manufacturing sector, object identification system, detection, navigation, and medical image analysis. The drive for
the AI in computer vision market in range of industries stems from these R&D efforts.
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AI in Computer Vision Market: Key Drivers and Lucrative Avenues
Growing use of AI in computer vision in drones is a key trend that has spurred the revenue prospects of technology developers. Another lucrative area of end-use application is in self-driving cars. The past few years have seen some of the globally prominent automakers committing sizable dollar R&D funds to meet the demand for next-gen automobiles. This has led to constantly growing demand for AI in computer vision in the automotive industry. The buzz around self-driving cars and autonomous driver assistance systems will fuel research in expanding the application of computer vision in the automotive sector.