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Written by Jack » Updated on: November 19th, 2024
Browse over 30 market data Figures spread through 70 Pages and an in-depth TOC on "India Computer Vision Market.”
According to TechSci Research report, Computer Vision Market - India Industry Size, Share, Trends, Opportunity, and Forecast. 2019–2029, the India computer vision market is expected to register a robust growth during the forecast period, 2025-2029. The Indian computer vision market is expected to grow significantly in the coming years due to the advancements in image sensors and image processing technologies. Image sensors are devices that capture light and convert it into electrical signals, while image processing is the manipulation and analysis of these signals to extract useful information. Together, these technologies enable computers to perceive and understand the visual world, and perform tasks such as face recognition, object detection, medical diagnosis, and autonomous driving. The demand for computer vision applications is increasing across various industries, such as healthcare, automotive, security, and retail, as it offers benefits such as improved accuracy, efficiency, and safety.
Artificial intelligence (AI) and machine learning (ML) are changing the game of computer vision by enabling machines to learn from data and perform tasks that were previously impossible or impractical. AI and ML can automatically identify objects and concepts in images, extract text from various sources, and generate natural language descriptions of scenes. These capabilities can streamline processes, such as robotic process automation and digital asset management, and create new value for businesses and customers. There are several favorable government initiatives in India that are driving the growth of the India computer vision market. The Indian government has recognized the importance of computer vision and is taking steps to promote its development and adoption in various industries. One such initiative is the National Program on Artificial Intelligence, which was launched by the Indian government in 2018 with a focus on research and development in AI and related technologies such as computer vision.
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In this report, the India Computer vision market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Table of content
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The computer vision market in India is growing rapidly, driven by factors such as increasing adoption of advanced technologies, rising demand for automation and digitization, and favorable government initiatives, increasing adoption of AI and machine learning technologies, rising demand for computer vision solutions in various industries such as healthcare, automotive, and retail, and favorable government initiatives as key drivers of market growth.
The industrial sector is expected to be a major driver of growth in the computer vision market in India, as computer vision technologies are increasingly being used in medical imaging, disease diagnosis, and drug discovery. The automotive sector is also expected to be a significant contributor to market growth, as computer vision is being used in advanced driver assistance systems (ADAS) and autonomous vehicles.
In addition to these sectors, computer vision technologies are being adopted in other industries such as retail, manufacturing, and agriculture, driving the growth of the market in India. As the adoption of computer vision technologies continues to grow in India, further innovation, investment, and adoption of these technologies across various industries are driving the growth of the India computer vision market.
Key market players in the India Computer Vision Market:
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“The adoption of artificial intelligence (AI) and machine learning (ML) in computer vision solutions is increasing. AI and ML enhance the accuracy, speed, and efficiency of visual analysis and decision-making. The demand for computer vision systems in various industries, such as automotive, healthcare, retail, and defense is rising. These industries require advanced capabilities for image recognition, quality inspection, surveillance, diagnosis, and navigation. Supportive government policies and initiatives promote the adoption of computer vision solutions for public safety, national security, smart cities, and education,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Computer vision Market By Component (Hardware, Software), By Product Type (Smart Camera-Based, PC-Based), By Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, 3D Visualization & Interactive 3D Modelling, Predictive Maintenance), By Vertical (Industrial, Non-Industrial), By Region, Competition, Forecast and Opportunities, 2029” has evaluated the future growth potential of the India computer vision market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India computer vision market.
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