Market Forecast By Component (Hardware Camera, Frame Grabber, Optics, Processor), By Software (Deep Learning , Traditional Software), By Product (PC-based computer vision systems, Smart cameras-based computer vision systems), By Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, Predictive Maintenance), By Vertical (Industrial vertical, Non-Industrial vertical) And Competitive Landscape
Product Code: ETC4586665 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | India Computer Vision Market |
Forecast period | 2025-2031 |
CAGR | 22% |
Growing Sector | Retail Sector |
The India Computer Vision Market Report thoroughly covers the market by component, software, product, application, and vertical. The India Computer Vision Market Outlook report provides an unbiased and detailed analysis of the ongoing India Computer Vision Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Computer Vision Market is poised for significant growth in the coming years, driven by increasing demand for automation in various industries, advancements in artificial intelligence and deep learning, and government initiatives to promote its growth. Along with key players like TCS, Infosys, and startups like Haptik and Unbxd, the industry is expected to offer new opportunities for innovation and creativity.
According to 6Wresearch, the India Computer Vision Market size is anticipated to rise at a CAGR of 22% during 2025-2031. One of the major drivers is the increasing demand for computer vision applications in various industries, such as healthcare, retail, automotive, and agriculture. In healthcare, computer vision is being used to develop systems that can diagnose diseases and monitor patient health. In retail, it is being used to develop systems that can analyze shopping patterns and improve customer engagement. In automotive, it is being used to develop self-driving cars. In agriculture, it is being used to monitor crop growth and yield.
Another driver of the computer vision market in India is the increasing investments in artificial intelligence and deep learning technologies. These technologies are essential for the development of computer vision applications and are being increasingly used by companies and startups in India. These drivers are propelling the India Computer Vision Market growth.
One of the biggest challenges is the lack of skilled professionals in the field of computer vision and artificial intelligence. This shortage of talent is hampering the development of computer vision applications and slowing down the growth of the market. Moreover, the high costs associated with the development and deployment of computer vision systems are also a major challenge.
There are several major players in the computer vision market in India. These include large companies like Tata Consultancy Services, Infosys, and Wipro, as well as startups like Haptik and Unbxd. These players are developing a wide range of computer vision applications, from healthcare systems to self-driving cars. One of the major players in the computer vision market in India is Tata Consultancy Services (TCS), a multinational IT services company. TCS has developed several computer vision applications, including a system that can diagnose diabetic retinopathy, a major cause of blindness. Another major player in the market is Infosys, an IT consulting and services company. Infosys has developed a computer vision system that can detect anomalies in oil pipelines, reducing the risk of pipeline failures.
The Indian government has also recognized the potential of computer vision and has undertaken several initiatives to promote its growth. One of the major initiatives is the National AI Strategy, which was launched in 2018. The strategy aims to promote the development of artificial intelligence and computer vision in India, and to create a skilled workforce in these fields.
The future of the India computer vision market is indeed bright. The market's growth prospects are heavily reliant on the country's industrial development, government initiatives, and technological advancements. As computer vision becomes more accessible to businesses, it can drive innovation, improve operational efficiency, and provide new solutions across various sectors. Though challenges exist, the opportunities for India's computer vision market are vast and promising.
According to Sachin, Senior Research Analyst, 6Wresearch, the hardware camera component segment is seeing rapid growth in India due to its versatility in various applications. The demand for high-quality images and video output for surveillance systems has spurred the demand for advanced cameras. Additionally, cameras are used for various applications, such as in retail for analyzing consumer behavior and creating targeted ads.
India's computer vision market is experiencing rapid growth, and deep learning-based software is leading the way. With increasing demand from various industries, computer vision software's market growth is expected to continue in the coming years.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Computer Vision Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Computer Vision Market Revenues & Volume, 2021 & 2031F |
3.3 India Computer Vision Market - Industry Life Cycle |
3.4 India Computer Vision Market - Porter's Five Forces |
3.5 India Computer Vision Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 India Computer Vision Market Revenues & Volume Share, By Software, 2021 & 2031F |
3.7 India Computer Vision Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.8 India Computer Vision Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Computer Vision Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Computer Vision Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Computer Vision Market Trends |
6 India Computer Vision Market, By Types |
6.1 India Computer Vision Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Computer Vision Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 India Computer Vision Market Revenues & Volume, By Hardware Camera, 2021 - 2031F |
6.1.4 India Computer Vision Market Revenues & Volume, By Frame Grabber, 2021 - 2031F |
6.1.5 India Computer Vision Market Revenues & Volume, By Optics, 2021 - 2031F |
6.1.6 India Computer Vision Market Revenues & Volume, By Processor, 2021 - 2031F |
6.2 India Computer Vision Market, By Software |
6.2.1 Overview and Analysis |
6.2.2 India Computer Vision Market Revenues & Volume, By Deep Learning , 2021 - 2031F |
6.2.3 India Computer Vision Market Revenues & Volume, By Traditional Software, 2021 - 2031F |
6.3 India Computer Vision Market, By Product |
6.3.1 Overview and Analysis |
6.3.2 India Computer Vision Market Revenues & Volume, By PC-based computer vision systems, 2021 - 2031F |
6.3.3 India Computer Vision Market Revenues & Volume, By Smart cameras-based computer vision systems, 2021 - 2031F |
6.4 India Computer Vision Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Computer Vision Market Revenues & Volume, By Quality Assurance & Inspection, 2021 - 2031F |
6.4.3 India Computer Vision Market Revenues & Volume, By Positioning & Guidance, 2021 - 2031F |
6.4.4 India Computer Vision Market Revenues & Volume, By Measurement, 2021 - 2031F |
6.4.5 India Computer Vision Market Revenues & Volume, By Identification, 2021 - 2031F |
6.4.6 India Computer Vision Market Revenues & Volume, By Predictive Maintenance, 2021 - 2031F |
6.5 India Computer Vision Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 India Computer Vision Market Revenues & Volume, By Industrial vertical, 2021 - 2031F |
6.5.3 India Computer Vision Market Revenues & Volume, By Non-Industrial vertical, 2021 - 2031F |
7 India Computer Vision Market Import-Export Trade Statistics |
7.1 India Computer Vision Market Export to Major Countries |
7.2 India Computer Vision Market Imports from Major Countries |
8 India Computer Vision Market Key Performance Indicators |
9 India Computer Vision Market - Opportunity Assessment |
9.1 India Computer Vision Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 India Computer Vision Market Opportunity Assessment, By Software, 2021 & 2031F |
9.3 India Computer Vision Market Opportunity Assessment, By Product, 2021 & 2031F |
9.4 India Computer Vision Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Computer Vision Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Computer Vision Market - Competitive Landscape |
10.1 India Computer Vision Market Revenue Share, By Companies, 2024 |
10.2 India Computer Vision Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |