AI Vision Inspection Market Research Report – Forecast till 2032

Rising demand for automation and efficiency can support organizations in saving time and developing the precision of decision-making procedures. It is expected to drive market expansion in the near future at a CAGR of 22.50% during the forecast period 2023 to 2032.


Market Research Future (MRFR) has published a cooked research report on the AI Vision Inspection Market that contains information from 2018 to 2032. The AI Vision Inspection market is estimated to register a CAGR of 22.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global AI Vision Inspection market— NVIDIA Corporation (US), Intel Corporation (US), Microsoft (US), IBM Corporation (US), Qualcomm Technologies Inc. (US), Advanced Micro Devices, Inc. (US), Amazon (US), Basler AG (Germany), Hailo (US), Groq, Inc. (US).


Market Highlights


The AI Vision Inspection market is accounted to register a CAGR of 22.50% during the forecast period. It is estimated to reach USD 110.5 billion by 2032.


The growing demand for automation and efficiency due to its support to organizations in saving time and developing the precision of decision-making is driving the demand for the AI vision inspection market. The development and maintenance of trust and transparency of AI vision are restraining the market's growth. Additionally, the developing applications with new technologies are anticipated to spur the use of AI Vision Inspection, which is anticipated to promote the growth of the global AI Vision Inspection market.


Segment Analysis


The AI Vision Inspection market has been segmented based on component, function, application, and end user.


On the basis of component, the market is segmented into hardware and software. The software segment was attributed to holding the largest market share in 2022 due to rising demand for advanced technology.


Based on function, the market is segmented into training and inference. The training segment was attributed to holding the largest market share in 2022 due to its having correct answers, which are called target attributes.


Based on application, the AI Vision Inspection market has been segmented into industrial and non-industrial. The industrial segment was expected to hold the largest market share in 2022 due to its working with a wide amount of data leverage machine learning technology.


Based on end users, the AI Vision inspection market has been segmented into automotive, consumer electronics, healthcare, retail, security & surveillance, manufacturing, agriculture, transportation & logistics, and others. The automotive segment was expected to hold the largest market share in 2022 due to its widely utilized for inspection tasks.


Regional Analysis


The AI Vision Inspection market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe AI Vision Inspection market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The AI Vision Inspection market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World AI Vision Inspection market comprises of Middle East, Africa, and Latin America.


The largest market share for AI Vision Inspection was maintained by the North American regional sector. This increase is attributed to the increasing launch of several inspection systems in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of for the inspection of products, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.


Moreover, the Europe market has been persistently growing over the forecast period. The demand for AI Vision Inspection is driven by the rising availability of highly skilled workers. An increase in the deployment of AI systems in the area supports the market expansion.


Additionally, due to the increasing emphasis on the adoption of machine learning systems, Asia Pacific is anticipated to experience the quickest growth over the forecast period.


Furthermore, the rest of the world's AI Vision Inspection market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of AI vision systems and growing research and development. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.


Key Findings of the Study



  • The global AI Vision Inspection market is expected to reach USD 110.5 billion by 2032, at a CAGR of 22.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on the adoption of machine learning systems.

  • Based on application, the industrial segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.

  • NVIDIA Corporation (US), Intel Corporation (US), Microsoft (US), IBM Corporation (US), Qualcomm Tehcnologies Inc. (US), Advanced Micro Devices, Inc. (US), Alphabet, Inc. (US), Amazon (US), Basler AG (Germany), Hailo (US), Groq, Inc. (US).

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Report details
Companies Covered 15
Pages 128
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