India Computer Vision Market to be Driven by the Industrial Segment through 2029
India
Computer vision market is expected to grow during the forecast period due to
the increasing adoption of government initiatives.
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. The program aims to promote the
development of AI technologies and applications in various sectors, including
healthcare, agriculture, education, and transportation. Another initiative is
the Smart Cities Mission, which aims to develop 100 smart cities in India by
using advanced technologies such as IoT, AI, and computer vision. The mission
is driving the adoption of computer vision technologies in areas such as smart
transportation, public safety, and environmental monitoring. The Indian
government has also launched several schemes and programs to promote the
development of startups and innovation in the technology sector, including
computer vision. For example, the Startup India initiative provides funding,
mentorship, and other support to startups in various sectors, including AI and
computer vision. These government initiatives are creating a favorable
environment for the growth of the India computer vision market, driving
innovation, investment, and adoption of computer vision technologies across
various industries and domains.
Browse
over 30 market data Figures spread through 70 Pages and an in-depth TOC on
"India Computer Vision Market.”
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.
Based
on component, the market is segmented into hardware and software. Based on
product type, the market is segmented into smart camera-based and PC-based.
Based on application, the market is further bifurcated into quality assurance
& inspection, positioning & guidance, measurement, identification, 3D
visualization & interactive 3D modelling, and predictive maintenance. Based
on vertical, the market is further split into industrial and non-industrial.
Key
market players in the India Computer Vision Market:
- SensoVision
Pvt Ltd
- Netradyne
Technology India Pvt ltd
- Uncanny
Vision Solutions Pvt Ltd
- SigTuple
Technologies Pvt. Ltd.
- CamCom
Technologies Private Limited
- Tonbo
Imaging India Pvt Ltd
- ClearQuote
Technologies India Pvt
- Cron
AI
- DEEVIA
Software India Pvt Ltd
- NeuroPixel.AI
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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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