South & Central America AI in Computer Vision Market Forecast to 2030
South & Central America AI in Computer Vision Market Forecast to 2030 – Regional Analysis – by Component (Software and Hardware) and End Use Industry (Security and Surveillance, Manufacturing, Automotive, Retail, Sports and Entertainment, and Others)
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Description
Increased Manufacturing of Autonomous Vehicles Boosts South & Central America AI in Computer Vision Market
Computer vision is a fundamental technology for developing autonomous or self-driving vehicles. It provides the necessary perception capabilities, enabling vehicles to navigate and operate safely without human intervention. Computer vision algorithms can interpret complex visual data, including traffic signs, lane markings, traffic lights, and road conditions. This allows autonomous vehicles to make informed decisions about their movements and adjust their behavior accordingly. Computer vision is at the center of autonomous vehicle technology. By leveraging object detection algorithms while also using the latest cameras and sensors, autonomous vehicles get to identify their surroundings, making the entire driving process safer. Computer vision models allow autonomous vehicles to stop before they hit walkers or cyclists. Various companies are launching new autonomous vehicles. For instance, in 2023, the first autonomous minibus prototype in South America was unveiled by Marcopolo in collaboration with Brazilian startup Lume Robotics. The project, which took two years to develop and involved multiple Brazilian companies, incorporates autonomous technology into the Volare Attack 8 model, allowing it to function entirely on its own without requiring any kind of remote supervision or interaction. Therefore, the increasing manufacturing of autonomous vehicles is anticipated to provide growth opportunities for the AI in computer vision market.
South & Central America AI in Computer Vision Market Overview
South & Central America is home to a few of the fastest-growing economies in the world, and rapid industrialization is driving the demand for automation and efficiency. AI in computer vision can be used to automate a wide variety of tasks in industrial settings, such as defect detection, product sorting, and quality control. South America is also experiencing a growing demand for security and surveillance solutions. AI computer vision can be used to analyze video footage and identify potential threats, such as intruders, weapons, and suspicious activity, to improve public safety and security in cities across the region. AI computer vision is a rapidly evolving field, and advancements in technology are making it more powerful and affordable than ever before. For example, in Brazil, AI computer vision is being used to automate the inspection of steel products for defects to improve the quality of steel products and reduce the cost of production. Also, in Argentina, AI computer vision is being used to monitor traffic flow and identify potential hazards to improve traffic safety and reduce congestion. Therefore, the demand for AI computer vision is growing rapidly in South & Central America.
South & Central America AI in Computer Vision Market Revenue and Forecast to 2030 (US$ Million)
South & Central America AI in Computer Vision Market Segmentation
The South & Central America AI in computer vision market is segmented based on component, end use industry, and country. Based on component, the South & Central America AI in computer vision market is bifurcated into software and hardware. The software segment held a larger market share in 2022.
In terms of end use industry, the South & Central America AI in computer vision market is categorized into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held the largest market share in 2022.
Based on country, the South & Central America AI in computer vision market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America AI in computer vision market share in 2022.
Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp are some of the leading players operating in the South & Central America AI in computer vision market.
Summary Info
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According to the Research Team’ research, the South & Central America AI in computer vision market was valued at US$ 436.47 million in 2022 and is expected to reach US$ 3,312.90 million by 2030, registering a CAGR of 28.8% from 2022 to 2030. Edge computer vision and increased manufacturing of autonomous vehicles are among the critical factors attributed to the South & Central America AI in computer vision market expansion.
Traditionally, computer vision and Al were pure cloud solutions due to their easy scalability to increase resources and the unlimited availability of computing resources. Cloud or web computer vision solutions need to upload all images to the cloud, either using a computer vision API such as AWS Rekognition, Microsoft image recognition API (Azure Cognitive Services), Google Vision API, or Clarifai API directly. In mission-critical use cases, data unloading with a centralized cloud design is generally not possible because of technical (latency, connectivity, bandwidth, redundancy) or privacy reasons (sensitive data, security, legality) or because it is too expensive (large-scale, high-resolution, bottlenecks cause cost spikes, real-time). Hence, edge computing concepts are used to overcome the limits of the cloud; the cloud is continued to multiple connected edge devices. Edge Al, also called on-device ML or Edge Intelligence, uses the Internet of Things (IoT) and edge computing to move machine learning from the cloud to edge devices in equal proximity to the data source, including cameras. With the enormous, still exponentially growing amount of data generated at the edge, Al is required to understand and analyze data in real time without compromising the security and privacy of visual data. Edge computing offers unique benefits, including greater security, real-time insights, and faster processing, making it an essential tool for computer vision applications. A major benefit of Edge computer vision is its facility to operate in real-time, making it well-suited to security, robotics, and surveillance applications. Therefore, edge computer vision is anticipated to be a trend for the AI in computer vision market.
On the contrary, high cost of procuring and complexity of implementing AI-Based computer vision solutions hurdles the growth of South & Central America AI in computer vision market.
Based on component, the South & Central America AI in computer vision market is bifurcated into software and hardware. The software segment held 52.8% share of South & Central America AI in computer vision market in 2022, amassing US$ 230.67 million. It is projected to garner US$ 1,860.79 million by 2030 to expand at 29.8% CAGR during 2022-2030.
In terms of end use industry, the South & Central America AI in computer vision market is segmented into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held 30.6% share of South & Central America AI in computer vision market in 2022, amassing US$ 133.36 million. It is projected to garner US$ 1,035.45 million by 2030 to expand at 29.2% CAGR from 2022 to 2030.
Based on country, the South & Central America AI in computer vision market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 62.4% share of South & Central America AI in computer vision market in 2022. It was assessed at US$ 272.38 million in 2022 and is likely to hit US$ 2,176.53 million by 2030, exhibiting a CAGR of 29.7% during 2022-2030.
Key players operating in the South & Central America AI in computer vision market are Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp, among others.
In January 2023, Microsoft announced a long-term partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world. This includes Microsoft’s Azure OpenAI Service, which empowers developers to build cutting-edge AI applications through direct access to OpenAI models backed by Azure’s trusted, enterprise-grade capabilities and AI-optimized infrastructure and tools.
In January 2023, Visteon and Qualcomm Technologies, Inc. announced plans to expand their technological collaboration by developing a high-performance cockpit domain controller that would enable global automakers to build next-generation cockpits. Visteon’s SmartCore software and Snapdragon Cockpit work together. Platforms will allow manufacturers to provide new features and functionality in their next-generation cockpits easily. Production plans are scheduled to begin in 2025.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America AI in computer vision market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America AI in computer vision market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America AI in Computer Vision Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Hardware Component Providers:
4.2.2 Software Developers:
4.2.3 System Integrator:
4.2.4 End Use Industry:
4.2.5 List of Vendors in Value Chain
5. South & Central America AI in Computer Vision Market – Key Industry Dynamics
5.1 AI in Computer Vision Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Adoption of Industry 4.0
5.2.2 Rising Applications in Healthcare, Agriculture, and Retail Industries
5.3 Market Restraints
5.3.1 High Cost of Procuring and Complexity of Implementing AI-Based Computer Vision Solutions
5.3.2 Increase In Privacy Concerns
5.4 Market Opportunities
5.4.1 Increased Manufacturing of Autonomous Vehicles
5.4.2 Rise in Government Initiatives to Boost Development of AI-Related Technologies
5.5 Future Trends
5.5.1 Edge Computer Vision
5.5.2 Real- Time Video Analytics
5.6 Impact of Drivers and Restraints:
6. AI in Computer Vision Market – South & Central America Market Analysis
6.1 AI in Computer Vision Market Revenue (US$ Million), 2020 – 2030
6.2 AI in Computer Vision Market Forecast and Analysis
7. South & Central America AI in Computer Vision Market Analysis – Component
7.1 Software
7.1.1 Overview
7.1.2 Software: Market Revenue and Forecast to 2030 (US$ Million)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America AI in Computer Vision Market Analysis – End Use Industry
8.1 Security and Surveillance
8.1.1 Overview
8.1.2 Security and Surveillance: Market Revenue and Forecast to 2030 (US$ Million)
8.2 Manufacturing
8.2.1 Overview
8.2.2 Manufacturing: Market Revenue and Forecast to 2030 (US$ Million)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Market Revenue and Forecast to 2030 (US$ Million)
8.4 Retail
8.4.1 Overview
8.4.2 Retail: Market Revenue and Forecast to 2030 (US$ Million)
8.5 Sports and Entertainment
8.5.1 Overview
8.5.2 Sports and Entertainment: Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America AI in Computer Vision Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America AI in Computer Vision Market Overview
9.1.2 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 South & Central America AI in Computer Vision Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Brazil AI in Computer Vision Market Breakdown by Component
9.1.2.2.2 Brazil AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.3 Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Argentina AI in Computer Vision Market Breakdown by Component
9.1.2.3.2 Argentina AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.4 Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Rest of South & Central America AI in Computer Vision Market Breakdown by Component
9.1.2.4.2 Rest of South & Central America AI in Computer Vision Market Breakdown by End Use Industry
10. Competitive Landscape
10.1 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Advanced Micro Devices Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cognex Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Intel Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microsoft Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Qualcomm Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teledyne Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NVIDIA Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 International Business Machines Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 1. AI in Computer Vision Market Segmentation
Table 2. AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million) – End Use Industry
Table 5. South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 7. Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 8. Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9. Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 10. Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 12. Company Positioning & Concentration
Table 13. List of Abbreviation
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LIST OF FIGURES
Figure 1. AI in Computer Vision Market Segmentation, By Country
Figure 2. Ecosystem: AI in Computer Vision Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. AI in Computer Vision Market Revenue (US$ Million), 2020 – 2030
Figure 5. AI in Computer Vision Market Share (%) – Component, 2022 and 2030
Figure 6. Software: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Hardware: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. AI in Computer Vision Market Share (%) – End Use Industry, 2022 and 2030
Figure 9. Security and Surveillance: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Manufacturing: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Automotive: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Retail: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Sports and Entertainment: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Others: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. AI in Computer Vision Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 16. AI in Computer Vision Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Brazil AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Argentina AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Rest of South & Central America AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – South & Central America AI in Computer Vision Market
1. Advanced Micro Devices Inc
2. Cognex Corp
3. General Electric Co
4. Intel Corp
5. Microsoft Corp
6. Qualcomm Inc
7. Teledyne Technologies Inc
8. NVIDIA Corp
9. International Business Machines Corp
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