Growing computer vision market driven by automation in manufacturing, with Asia-Pacific leading

From GlobeNewswire: 2024-10-09 11:10:00

Computer Vision, a subset of AI, allows computers to interpret visual information from images and videos. It enables image recognition, object detection, and more using CNNs and deep learning. The global market is being driven by automation in manufacturing. Governments promoting industrial automation are creating opportunities, with Asia-Pacific leading in market share. North America is also expected to see growth at a CAGR of 8.0%. Air India introduced AEYE Vision feature on its app, utilizing AI-based computer vision to enhance the travel experience. Analysts predict significant growth in the computer vision market, especially in high-tech industries like semiconductors. FIB technology is expected to become more prominent as precision and efficiency become more crucial in production processes. Emerging markets like Asia are set to play a critical role in the market’s evolution.



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