A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
Computer vision is a subfield of artificial intelligence (AI) and machine learning (ML) that focuses on the creation of digital systems that process, analyze, and understand visual data.
Despite being a rather mature field, computer vision shows unparalleled growth prospects because of numerous external and internal factors that range from recent macroeconomic trends caused by the COVID-19 pandemic to the development of innovative use cases thanks to consistent progress in the area of deep learning (DL) algorithms.
Factory automation is the leading segment as a vast number of companies leverage capabilities including defect detention, visual inspection, and product tracking, although the analyst thinks that the segment’s dominance will wane as autonomous mobility moves to the forefront in the next few years with demand for data gathering, 3D map creation, and car tracking sharply increasing and clearer regulations taking shape. The analyst also anticipates a steady increase of computer vision usage in healthcare and security and surveillance, as well as an increase in innovative applications particularly in the areas of insurance, agriculture, sports and entertainment, and retail.
Companies considered for inclusion in this Frost Radar are global, had a minimum revenue of $50 million in calendar year 2021, and commercialize a diversified portfolio of vision hardware (e.g., lighting, lenses, image sensors, cameras, vision processors) and integrated software end products. Many also are well known in factory automation.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
Table of Contents
Executive Summary
The publisher's global team of analysts and consultants research a wide range of industries. Primary and secondary analysis spans the entire value chain, identifying organizations that consistently develop new growth strategies based on a visionary understanding of the future and a proven ability to effectively address emerging challenges and opportunities. The research and analysis is the foundation of the Frost Radar, a robust analytical tool that benchmarks companies’ innovation focus and growth performance in a given market.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Basler
- Cognex
- IDS
- Intel
- Keyence
- National Instruments
- Omron Corporation
- Sony Corporation
- Teledyne Technologies
- TKH Group
