Amid the COVID-19 crisis, the global market for AI Image Recognition estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$7.8 Billion by 2027, growing at a CAGR of 21.5% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 21.1% CAGR and reach US$2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 23% CAGR for the next 7-year period.
The U.S. Market is Estimated at $595 Million, While China is Forecast to Grow at 21.1% CAGR
The AI Image Recognition market in the U.S. is estimated at US$595 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 21.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 18.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
Services Segment to Record 19.4% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 19.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$375 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$918.3 Million by the year 2027.We bring years of research experience to this 8th edition of our report. The 147-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Amazon Web Services, Inc.
- Clarifai, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Xilinx Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
AI Image Recognition Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: AI Image Recognition Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: AI Image Recognition Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Hardware (Segment) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 4: Hardware (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Software (Segment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 6: Software (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Services (Segment) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Services (Segment) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Automotive (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Automotive (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: BFSI (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 12: BFSI (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
TABLE 13: Healthcare (End-Use) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
TABLE 14: Healthcare (End-Use) Global Market Share Distribution by Region/Country for 2020 and 2027
TABLE 15: Retail (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 16: Retail (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 17: Security (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 18: Security (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 19: Other End-Uses (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 20: Other End-Uses (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US AI Image Recognition Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 21: United States AI Image Recognition Market Estimates and Projections in US$ Thousand by Segment: 2020 to 2027
TABLE 22: United States AI Image Recognition Market Share Breakdown by Segment: 2020 VS 2027
TABLE 23: United States AI Image Recognition Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 24: AI Image Recognition Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
TABLE 25: Canadian AI Image Recognition Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
TABLE 26: AI Image Recognition Market in Canada: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
TABLE 27: Canadian AI Image Recognition Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 28: Canadian AI Image Recognition Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
TABLE 29: Japanese Market for AI Image Recognition: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
TABLE 30: Japanese AI Image Recognition Market Share Analysis by Segment: 2020 VS 2027
TABLE 31: Japanese Demand Estimates and Forecasts for AI Image Recognition in US$ Thousand by End-Use: 2020 to 2027
TABLE 32: AI Image Recognition Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
TABLE 33: Chinese AI Image Recognition Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
TABLE 34: Chinese AI Image Recognition Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
TABLE 35: Chinese Demand for AI Image Recognition in US$ Thousand by End-Use: 2020 to 2027
TABLE 36: Chinese AI Image Recognition Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
Market Facts & Figures
European AI Image Recognition Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 37: European AI Image Recognition Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 38: European AI Image Recognition Market Share Shift by Region/Country: 2020 VS 2027
TABLE 39: European AI Image Recognition Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
TABLE 40: European AI Image Recognition Market Share Breakdown by Segment: 2020 VS 2027
TABLE 41: European AI Image Recognition Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 42: European AI Image Recognition Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
TABLE 43: AI Image Recognition Market in France by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 44: French AI Image Recognition Market Share Analysis by Segment: 2020 VS 2027
TABLE 45: AI Image Recognition Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
TABLE 46: French AI Image Recognition Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
TABLE 47: AI Image Recognition Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Segment for the Period 2020-2027
TABLE 48: German AI Image Recognition Market Share Breakdown by Segment: 2020 VS 2027
TABLE 49: AI Image Recognition Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 50: AI Image Recognition Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
TABLE 51: Italian AI Image Recognition Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
TABLE 52: Italian AI Image Recognition Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
TABLE 53: Italian Demand for AI Image Recognition in US$ Thousand by End-Use: 2020 to 2027
TABLE 54: Italian AI Image Recognition Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
TABLE 55: United Kingdom Market for AI Image Recognition: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
TABLE 56: United Kingdom AI Image Recognition Market Share Analysis by Segment: 2020 VS 2027
TABLE 57: United Kingdom Demand Estimates and Forecasts for AI Image Recognition in US$ Thousand by End-Use: 2020 to 2027
TABLE 58: AI Image Recognition Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
TABLE 59: Rest of Europe AI Image Recognition Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
TABLE 60: Rest of Europe AI Image Recognition Market Share Breakdown by Segment: 2020 VS 2027
TABLE 61: Rest of Europe AI Image Recognition Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 62: Rest of Europe AI Image Recognition Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
TABLE 63: AI Image Recognition Market in Asia-Pacific by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 64: Asia-Pacific AI Image Recognition Market Share Analysis by Segment: 2020 VS 2027
TABLE 65: AI Image Recognition Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
TABLE 66: Asia-Pacific AI Image Recognition Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
REST OF WORLD
TABLE 67: Rest of World AI Image Recognition Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
TABLE 68: AI Image Recognition Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
TABLE 69: Rest of World AI Image Recognition Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 70: Rest of World AI Image Recognition Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 41
