Market Forecast by Countries (United States, Canada), By Component (Hardware Camera, Frame Grabber, Optics, Processor), By Software (Deep Learning , Traditional Software), By Product (PC-based computer vision systems, Smart cameras-based computer vision systems), By Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, Predictive Maintenance), By Vertical (Industrial vertical, Non-Industrial vertical) And Competitive Landscape
Product Code: ETC4624014 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Computer Vision Market |
Forecast Period | 2025-2031 |
Market Size | USD 19.82 billion by 2031 |
CAGR | 15% |
Growing Sector | Industrial |
North America Computer Vision Market report thoroughly covers the market By Countries, By Component, By Software, By Product, By Application and By Vertical. The North America Computer Vision Market outlook report provides an unbiased and detailed analysis of the ongoing North America Computer Vision Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Computer Vision Market was valued at USD 9.15 billion in 2023 and is expected to reach USD 19.82 billion , growing at a CAGR of around 15% from 2025-2031. The growth of the North America Computer Vision Market can be attributed to the increasing demand for automation, advancements in deep learning and artificial intelligence technologies, and the rising adoption of computer vision in various industries such as automotive, healthcare, and retail.
The North America computer vision market is experiencing significant growth, driven by advancements in artificial intelligence (AI), machine learning (ML), and deep learning technologies. The technology's applications span various industries, including healthcare, automotive, retail, and manufacturing, with use cases such as medical imaging, autonomous vehicles, facial recognition, and quality assurance.
Acording to 6Wresearch, North America Computer Vision Market size is projected to grow at a CAGR of 15% during 2025-2031. Key factors fueling the market include the adoption of edge computing, increased R&D investments, and the proliferation of AI-powered devices. However, challenges such as high implementation costs, data privacy concerns, and a shortage of skilled professionals persist. Major players like NVIDIA, Intel, Microsoft, and Google are driving innovation, while emerging trends in retail automation, healthcare, and smart city projects are creating new growth opportunities.
The North America computer vision market is on a rapid growth trajectory, driven by advancements in AI, ML, and deep learning technologies. The market offers numerous opportunities for businesses and investors to capitalize on emerging trends and applications across various industries. With significant investments in research and development, the region's tech ecosystem is fostering innovation and creating a conducive environment for the growth of computer vision technology. As the demand for real-time data processing and analysis continues to rise, the North America computer vision market is expected to expand significantly over the forecast period. Therefore, businesses should keep a close watch on this market's developments to stay ahead of the competition and tap into its potential for growth.
The North America computer vision market is witnessing several emerging trends that are shaping its future growth trajectory. One of the prominent trends is the increasing adoption of deep learning algorithms, which enable more accurate and sophisticated image recognition capabilities. Another trend is the integration of computer vision with other technologies such as augmented reality (AR) and virtual reality (VR), creating new opportunities for immersive user experiences. In the healthcare sector, computer vision is being used for early disease detection and analysis, while in retail, it is enabling a more personalized and interactive shopping experience for customers. The rise of smart cities and investments in autonomous vehicles are also driving demand for computer vision technology. Additionally, the demand for edge computing solutions to process data in real-time is gaining traction, leading to faster decision-making and improved efficiency.
The North America computer vision market offers significant investment opportunities for businesses and investors. With the region being home to major players and tech hubs, there is a strong ecosystem for research and development, creating potential partnerships and collaborations. The automotive industry offers one of the most promising sectors for investment, with the rise of connected and autonomous vehicles driving demand for computer vision technology. Healthcare, retail, and manufacturing are also key industries where computer vision is expected to play a crucial role in improving efficiency and enhancing customer experiences. Furthermore, with emerging trends such as smart city projects gaining momentum in North America, computer vision has numerous applications that can contribute to building safer and more sustainable cities.
The North America computer vision market is highly competitive, with major players continuously investing in research and development to maintain their position. Some of the leading players in the market include NVIDIA Corporation, Intel Corporation, Microsoft Corporation, Google LLC, Cognex Corporation, IBM Corporation, Amazon Web Services Inc., Qualcomm Incorporated, Sony Corporation, and Basler AG. These companies are focusing on developing innovative solutions and expanding their product portfolios through mergers and acquisitions. Additionally, partnerships and collaborations between key players are also driving the market's growth by combining expertise and resources to create more advanced computer vision solutions.
Government regulations play a critical role in shaping the North America computer vision market's performance. In the United States, agencies like the National Institute of Standards and Technology (NIST) have established guidelines for facial recognition technology to address privacy concerns and ensure ethical use. Similarly, government bodies in Canada are also implementing regulations for data protection and transparency in using AI technologies. These regulations aim to strike a balance between technological advancements and protecting citizens' rights, ensuring responsible and fair use of computer vision technology.
The North America computer vision market is expected to witness significant growth in the coming years, driven by technological advancements and increasing adoption across industries. The integration of computer vision with other technologies like AI, AR/VR, and edge computing will open up new opportunities for businesses and drive further innovation. The region's strong tech ecosystem, coupled with government support for research and development, will fuel the market's growth and create a conducive environment for emerging startups. With continuous investments in R&D and partnerships between key players, the North America computer vision market is poised for substantial expansion in the near future.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US remains the leading country in the North America computer vision market, supported by the presence of major players and high adoption of advanced technologies. The rise of autonomous vehicles, smart cities, and industrial automation is expected to further drive the market's growth in this region.
The hardware segment, including cameras, frame grabbers, optics, and processors, is expected to dominate the North America computer vision market. The increasing demand for high-quality imaging and video processing capabilities in various industries will contribute to this segment's growth.
Deep learning software is expected to dominate the North America computer vision market, driven by its ability to process and analyze large amounts of data and improve accuracy in recognition tasks. Additionally, advancements in deep learning algorithms are enabling more complex applications of computer vision technology, further fueling its dominance in the market.
The PC-based computer vision systems are expected to dominate the North America market, owing to their ability to handle more complex tasks and provide better processing power. However, with the increasing adoption of edge computing and Internet of Things (IoT) technologies, smart camera-based computer vision systems are also gaining traction, especially in industries like retail and manufacturing where real-time data analysis is crucial.
Quality assurance and inspection are expected to dominate the North America computer vision market by application. This is driven by the need for accurate and efficient quality control processes in various industries, including manufacturing, healthcare, and automotive. With the ability to detect defects and anomalies with precision, computer vision technology is becoming an essential tool for ensuring product quality and minimizing errors in production processes.
The industrial vertical is expected to dominate the North America computer vision market, driven by its extensive applications in manufacturing, automotive, and logistics industries. The region's strong presence of these industries and their increasing adoption of advanced technologies for enhancing efficiency and reducing costs will contribute to the industrial segment's dominance in the market.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Computer Vision Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Computer Vision Market Revenues & Volume, 2021 & 2031F |
3.3 North America Computer Vision Market - Industry Life Cycle |
3.4 North America Computer Vision Market - Porter's Five Forces |
3.5 North America Computer Vision Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Computer Vision Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 North America Computer Vision Market Revenues & Volume Share, By Software, 2021 & 2031F |
3.8 North America Computer Vision Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.9 North America Computer Vision Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 North America Computer Vision Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 North America Computer Vision Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Computer Vision Market Trends |
6 North America Computer Vision Market, 2021 - 2031 |
6.1 North America Computer Vision Market, Revenues & Volume, By Component, 2021 - 2031 |
6.2 North America Computer Vision Market, Revenues & Volume, By Software, 2021 - 2031 |
6.3 North America Computer Vision Market, Revenues & Volume, By Product, 2021 - 2031 |
6.4 North America Computer Vision Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5 North America Computer Vision Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 United States Computer Vision Market, 2021 - 2031 |
7.1 United States Computer Vision Market, Revenues & Volume, By Component, 2021 - 2031 |
7.2 United States Computer Vision Market, Revenues & Volume, By Software, 2021 - 2031 |
7.3 United States Computer Vision Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 United States Computer Vision Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 United States Computer Vision Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Canada Computer Vision Market, 2021 - 2031 |
8.1 Canada Computer Vision Market, Revenues & Volume, By Component, 2021 - 2031 |
8.2 Canada Computer Vision Market, Revenues & Volume, By Software, 2021 - 2031 |
8.3 Canada Computer Vision Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Canada Computer Vision Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Canada Computer Vision Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 North America Computer Vision Market Key Performance Indicators |
10 North America Computer Vision Market - Opportunity Assessment |
10.1 North America Computer Vision Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Computer Vision Market Opportunity Assessment, By Component, 2021 & 2031F |
10.3 North America Computer Vision Market Opportunity Assessment, By Software, 2021 & 2031F |
10.4 North America Computer Vision Market Opportunity Assessment, By Product, 2021 & 2031F |
10.5 North America Computer Vision Market Opportunity Assessment, By Application, 2021 & 2031F |
10.6 North America Computer Vision Market Opportunity Assessment, By Vertical, 2021 & 2031F |
11 North America Computer Vision Market - Competitive Landscape |
11.1 North America Computer Vision Market Revenue Share, By Companies, 2024 |
11.2 North America Computer Vision Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |