Global computer vision market set to hit $33bn by 2030 - IT-Online

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Global computer vision market set to hit $33 billion by 2030 ~

The global computer vision market will be worth $32,8-billion in 2030, up from $12.5 billion in 2021 at a compound annual growth rate of 11%.

Josep Bori, research director at GlobalData Thematics Intelligence, comments: ”The next frontier for CV is autonomous vehicles and autonomous mobile robots , as the level of underlying intelligence required is significantly higher than that needed to recognize faces or read barcodes. Using CV in facial recognition will increase divergence over standards and regulatory approaches, driven by ethical and political reasons. This will ultimately lead to a supply chain decoupling in the CV segment, as is already underway in semiconductors. Once the regulatory wheels are in motion, it will likely impact the CV market beyond just facial recognition.

 

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