Global Deep Learning in Machine Vision Market, By Offering (Hardware, Software and Services), Application (Inspection, Image Analysis, Anomaly Detection, Object Classification, Object Tracking, Counting, Bar Code Detection, Feature Detection, Location Detection, Optical Character Recognition, Face Recognition, Instance Segmentation, and Others), Object (Image and Video), Vertical (Electronics, Manufacturing, Automotive and Transportation, Food & Beverages, Aerospace, Healthcare, Building and Material, Power, and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Egypt, Israel and Rest Of Middle East And Africa, Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Deep Learning in Machine Vision Market
Deep learning in machine vision market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 12.5% in the forecast period of 2022 to 2029 and expected to reach USD 9,262.40 million by 2029.
deep learning in machine vision systems are those systems which can see and understand the world around it just like humans; those are the computer capable of understanding digital image and videos. This is possible due to advancement in technology of vision systems, artificial intelligence, and computational power. The fundamental principles used in this systems are data or image acquisition, data or image processing, data or image classification.
The major factors driving the growth of the deep learning in machine vision market are increasing adoption of AI, deep learning and technical advancements in hardware and software. Rising adoption of 3D inspection system over conventional inspection systems is increasing which is boosting the growth of the market. The security threats of neural networks and deep learning is acting as a major challenge for the growth of the market as the threats are increased with the evolution of technology.
This deep learning in machine vision market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Deep Learning in Machine Vision Market Scope and Market Size
Deep learning in machine vision market is segmented on the basis of offering, application, object, and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the global deep learning in machine vision market is segmented into hardware, software, and services. In 2022, the hardware held a larger share in the market as the deep learning in machine vision is dependent on hardware such as frame grabbers, cameras, optics, and many more, which are essential components for deep learning in machine vision market.
- On the basis of application, the global deep learning in machine vision market has been segmented into inspection, image analysis, anomaly detection, object classification, object tracking, counting, bar code detection, feature detection, location detection, optical character recognition, face recognition, instance segmentation, and others. In 2022, inspection held a larger share in the market, as the companies perform quality assurance & inspection of their products before selling into market, which will help increase their revenue.
- On the basis of object, global deep learning in machine vision market has been segmented into image and video. In 2022, image segment is expected to hold the major share in the market due to growing demand for integration of deep learning with machine vision to automate the manufacturing process which can be used for object detection, smoothening the manufacturing process, error detection, defect detection among others in various industries such as automotive, manufacturing, consumer electronics among others.
- On the basis of vertical, global deep learning in machine vision market has been segmented into electronics, manufacturing, automotive and transportation, food & beverages, aerospace, healthcare, building and material, power, and others. In 2022, electronics segment is expected to hold the largest share in the market owing to factors such as growing demand for smart systems which are aided by AI and deep learning-based computer vision systems which proves to be highly accurate and precise in decision making.
Global Deep Learning in Machine Vision Market Country Level Analysis
Global deep learning in machine vision market is analysed, and market size information is provided by country, offering, application, object, and vertical.
The countries covered in global deep learning in machine vision market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Egypt, Israel and Rest Of Middle East And Africa, Brazil, Argentina, Rest of South America.
The North America is the most dominating region in deep learning in machine vision market as the number of companies present and the different product offered for deep learning in machine vision by companies are large and the region is expected to grow at highest CAGR.
The U.S. accounted for maximum share in the deep learning in machine vision market due to new technologies in deep learning in machine vision hardware and software. The U.K. accounts for the second largest market as it has large usage of deep learning in machine vision products after U.S. due to AI and deep learning present in the country. The presence of deep learning in machine vision hardware manufacturing companies in China makes it third most dominating as the companies are majorly from china and the IoT devices are increasing in China.
The country section of the deep learning in machine vision market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Deep Learning in Machine Vision Systems
Global deep learning in machine vision market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the deep learning in machine vision market. The data is available for historic year of 2011-2020.
Competitive Landscape and Deep Learning in Machine Vision Market Share Analysis
Deep learning in machine vision market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to deep learning in machine vision market.
Some of the major players operating in the global deep learning in machine vision market are Cognex Corporation, Intel Corporation, NATIONAL INSTRUMENTS CORP., SICK AG, Datalogic S.p.A., STEMMER IMAGING AG, Abto Software, Adaptive Vision Sp. z o.o. (subsidiary of Zebra Technologies Corporation), Autonics Corporation, Basler AG, Cyth Systems, Inc., EURESYS S.A., IDS Imaging Development Systems GmbH, Integro Technologies Corp., LeewayHertz, Matrox Imaging, MVTEC SOFTWARE GMBH, Omron Microscan Systems, Inc. (A Subsidiary of OMRON Corporation), perClass BV, Qualitas Technologies, RSIP Vision, USS Vision LLC, and Viska Automation Systems Ltd. T/A Viska Systems among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In March 2020, KEYENCE CORPORATION launched a new product in vision system with Pattern Projection Lighting CV-X Series which is capable of 2D inspection vision system, height extraction and 3D inspection among others. It is powered by vision controller. It was a unique product which can inspect and analyze the flaws and it can be widely used in automobile companies. It is a great asset for the company because of its reliability in detecting flaws
- In April 2020, Cadence Design Systems, Inc. launched new product- Vision Q8 and Vision P1 DSPs. This was done to support the growing demand in sectors such as automotive, mobile and consumer markets. As these models were optimized for high-end mobile and multi-camera automotive applications, the products improve the performance by 4 times. This was done by the company to expand its product portfolio and offer reliable products to the consumers
Partnership, joint ventures, and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for deep learning in machine vision market through expanded product range.
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