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How Big is the Computer Vision Market | Industry Forecast & Insights

Code: MTA5834 Publication Date: Jul 2025

How big is the Computer Vision Market?

According to ÂÌñÉç internal database and industry insights, Global computer vision market was valued at approximately USD 22.7 billion in 2024 and is projected to reach USD 58.1 billion by 2031, growing at a CAGR of 14.3% during the forecast period.

The market is expanding rapidly due to rising adoption of AI-powered image recognition, automation in manufacturing, and increased demand across automotive, healthcare, and retail sectors.

Key Growth Drivers of the Computer Vision Market

  • Increasing use of automation and robotics in the production,
  • Increasing demand of facial recognition and surveillance systems
  • Further utilization of AI and deep learning on visual data processing
  • Increase in autonomous cars and high levels of driver assistance activities
  • It has wide usage in healthcare quality assurance and medical diagnosis

Computer Vision Market Trends

The computer vision market is witnessing significant traction with businesses investing in visual intelligence for automation, safety, and analytics. In manufacturing, vision-based inspection systems are reducing defects and enhancing productivity. In retail, computer vision is enabling shelf monitoring, customer tracking, and loss prevention. Healthcare providers are using computer vision for early disease detection, medical imaging, and surgical assistance. The rise of smart cities is boosting demand for video surveillance, traffic management, and public safety solutions. Cloud-based deployment, edge computing, and integration of AI algorithms are streamlining real-time image processing and reducing latency.

Emerging Developments in the Computer Vision Market

Computer vision market is developing with the improvements in 3D vision, the real-time gesture recognition, and vision enabling robotics. The technology is increasing the speed of image processing chips and edge AI gadgets to help decentralized computing. New applications in industrial automation, immersive retail, and predictive healthcare are being played out through integrated capabilities with AR/VR, IoT, and big data analytics. Developers and startups are gaining increased speed in innovation and adoption through open-source vision libraries and toolkits.

Major Companies in the Computer Vision Market

  • Intel Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies
  • Cognex Corporation
  • Basler AG
  • Sony Corporation
  • Google LLC
  • Amazon Web Services
  • Microsoft Corporation
  • Keyence Corporation
How big is the computer vision market : FAQs
The computer vision market was valued at USD 22.7 billion in 2024 and is projected to reach USD 58.1 billion by 2031.
The market is anticipated to grow at a CAGR of 14.3% between 2025 and 2031.
Hardware components, AI algorithms, image sensors, and software platforms are key contributors.
Demand is driven by automation, AI integration, security needs, and image-based analytics.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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