During the forecast period, the Saudi
Arabia computer vision market is expected to grow at a speedy CAGR. Computer vision is an important field of study
and application in Saudi Arabia. In recent years, there has been a significant
increase in the use of computer vision in various industries and applications
in Saudi Arabia, including healthcare, security, transportation, and robotics.
One example of the use of computer vision in Saudi Arabia is in the field of
healthcare. Saudi Arabia has a high prevalence of diabetes, and computer vision
is being used to develop new technologies to help manage the disease. For
example, researchers in Saudi Arabia have developed a computer vision system
that can detect diabetic retinopathy, a common complication of diabetes, which
can lead to blindness if left untreated. In the field of security, computer
vision is being used to monitor public spaces and detect potential threats. For
example, the Saudi Arabian government has implemented a system that uses
computer vision to monitor crowds during the annual Hajj pilgrimage to Mecca,
to ensure the safety and security of the millions of pilgrims who attend. In
the transportation industry, computer vision is being used to develop
autonomous vehicles, which have the potential to reduce traffic congestion and
improve road safety. Saudi Arabia has made significant investments in autonomous
vehicle technology, and the country is home to several research centers and
companies focused on developing this technology. Overall, computer vision is an
important field in Saudi Arabia, with many applications and opportunities for
research and development. The country is investing heavily in this technology,
and we might continue to see significant advancements in the field in the
coming years.
Rapid Advancements Made
in Robots Using Vision-Guided Systems is Fueling The Market Growth
The rapid advancements made in robots
using vision-guided systems are fueling the market growth of computer vision in
Saudi Arabia. Computer vision technology is being increasingly used in robotics
to enable machines to "see" and interpret visual data, allowing them
to perform tasks with greater accuracy and precision.
In Saudi Arabia, there has been a
growing interest in the use of robotics across a range of industries, including
manufacturing, healthcare, and defense. With the development of vision-guided
systems, robots are now capable of performing a wider range of tasks with
greater speed and accuracy, leading to increased productivity and efficiency.
The use of vision-guided systems in robotics is also driving the demand for
computer vision technology, as it enables machines to analyze and interpret the
visual data required to perform tasks such as object recognition, motion
tracking, and obstacle avoidance. This is particularly important in industries
such as manufacturing and logistics, where robots are increasingly being used
to perform tasks in environments that are hazardous or difficult for humans to
access.
As a result of these developments, the
market for computer vision technology in Saudi Arabia is expected to grow
significantly in the coming years. The Saudi Arabian government has already
invested heavily in robotics and automation, and it is likely that we will see
continued investment in these technologies in the future, driving further
growth in the computer vision market.
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Rising Demand for Electric Vehicles (EV) is Driving
Computer Vision Market’s Growth
The rising demand for electric vehicles
(EVs) in Saudi Arabia is indeed driving the computer vision market in the
country. As more people switch to EVs, there is a growing need for technologies
that can help improve the safety and efficiency of these vehicles, and computer
vision is playing a key role in meeting this need.
Computer vision is being used in EVs to
enable advanced driver assistance systems (ADAS) that can help prevent
accidents and improve the overall driving experience. These systems use cameras,
sensors, and other technologies to detect and respond to potential hazards on
the road, such as pedestrians, other vehicles, and obstacles. They can also
provide real-time feedback to the driver to help them make better driving
decisions.
In Saudi Arabia, the government has set
ambitious targets for the adoption of EVs, as part of its efforts to reduce the
country's reliance on fossil fuels and lower carbon emissions. As a result,
there is a growing demand for ADAS and other technologies that can help improve
the safety and efficiency of EVs, and computer vision is playing a key role in
meeting this demand. The market for computer vision technology in Saudi Arabia
is expected to grow significantly in the coming years, as more companies invest
in research and development to improve the capabilities of ADAS and other
vision-based systems in EVs. This is likely to drive further innovation and
growth in the computer vision market, creating new opportunities for companies
and investors in the country.
Surge in the usage of
Industry 4.0 technologies
There is
indeed a surge in the usage of Industry 4.0 technologies, including computer
vision, in Saudi Arabia. Industry 4.0 is a term used to describe the fourth
industrial revolution, characterized by the integration of digital technologies
into industrial processes. In Saudi Arabia, there has been a growing interest
in Industry 4.0, as the government seeks to diversify the country's economy and
reduce its reliance on oil.
Computer
vision is a key technology in Industry 4.0, as it enables machines to
"see" and interpret visual data, allowing them to perform tasks with
greater accuracy and efficiency. In Saudi Arabia, computer vision is being used
in a range of industries, including manufacturing, healthcare, and logistics,
to improve processes and reduce costs.
In
manufacturing, for example, computer vision is being used to monitor production
lines and detect defects in products, allowing for faster and more accurate
quality control. In healthcare, computer vision is being used to analyze
medical images and help diagnose diseases, while in logistics, it is being used
to optimize warehouse operations and improve supply chain management.
As the
adoption of Industry 4.0 technologies continues to grow in Saudi Arabia, it is
likely that we will see increased demand for computer vision and other digital
technologies that can help companies improve their processes and reduce costs.
This is likely to drive further innovation and growth in the computer vision
market in Saudi Arabia, creating new opportunities for companies and investors
in the country.
Market Segmentation
The computer vision market is segmented into
component, product type, application, vertical, and region. 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 industrial and non-industrial. The market analysis also
studies the regional segmentation to devise regional market segmentation,
divided among Riyadh, Makkah, Eastern Province, and rest of Saudi Arabia.
Company Profiles
Overall, the computer vision
market is competitive, with new players entering the market regularly. Some of the
major players in the computer vision market include Sadeem Technologies, Bitlab
Solutions, HikmaTech Medical Systems, Proven Consulting Group, KAUST Innovation
Center, VisionCam Systems, FasTab Payment Solutions, WAKEB Technologies, and SCAI
Systems.
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Attribute
|
Details
|
|
Base Year
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2022
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|
Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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|
Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
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|
Report Coverage
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Revenue
forecast, company share, growth factors, and trends
|
|
Segments Covered
|
By
Component
By
Product Type
By
Application
By
Vertical
By Region
|
|
Country Scope
|
Saudi
Arabia
|
|
Regional Scope
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Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia
|
|
Key Companies Profiled
|
Sadeem Technologies, Bitlab
Solutions, HikmaTech Medical Systems, Proven Consulting Group, KAUST
Innovation Center, VisionCam Systems, FasTab Payment Solutions, WAKEB
Technologies, SCAI Systems
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the Saudi
Arabia computer vision market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
·
Saudi Arabia Computer Vision Market, By Component:
o Hardware
o Software
·
Saudi Arabia Computer Vision Market, By Product Type:
o Smart Camera-Based
o PC-Based
·
Saudi Arabia Computer Vision Market, By Application:
o Quality Assurance &
Inspection
o Positioning & Guidance
o Measurement
o Identification
o 3D Visualization & Interactive
3D Modelling
o Predictive Maintenance
·
Saudi Arabia Computer Vision Market, By Vertical:
o Industrial
o Non-Industrial
·
Saudi Arabia Computer Vision Market, By Region:
o Riyadh
o Makkah
o Eastern Province
o Rest of Saudi Arabia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Saudi Arabia computer vision market.
Available Customizations:
With the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
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of this report or want to confirm the date of release, please contact us at [email protected]