The North America Vision Transformers Market would witness market growth of 35.4% CAGR during the forecast period (2023-2030).
Vision transformers are optimized for edge devices, allowing them to perform real-time analysis without relying on cloud servers. This trend is significant in applications like autonomous vehicles and robotics. Techniques for training with smaller datasets and fewer computational resources are being developed. This makes ViTs more accessible for smaller businesses and research projects. Combining with GANs has led to innovative applications, such as generating realistic images, video synthesis, and style transfer.
Self-driving cars significantly rely on computer vision for navigation and decision-making in real time. These play a vital role in recognizing pedestrians, other vehicles, and traffic signs, contributing to the safety and reliability of autonomous transportation systems. In the medical field, ViTs assist in analyzing radiology and pathology images, enabling more accurate diagnoses and better treatment plans. Their applications also extend to robotic surgery, where they help in precise instrument control.
As per the International Trade Administration (ITA), the American automotive industry is one of the largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the second-largest region in the globe for vehicle sales and production. According to Autos drive America, automakers produced 5 million vehicles in the United States in 2020. As the adoption of autonomous vehicles grows in the U.S., ViTs can provide the perception and decision-making capabilities required for self-driving cars, making them safer and more reliable. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Vision Transformers Market by Country in 2023 and would continue to be a dominant market till 2030; thereby, achieving a market value of $702.4 Million by 2030. The Canada market is experiencing a CAGR of 38.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 37.4% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Software, Hardware), and Professional Services. Based on Vertical, the market is segmented into Media & Entertainment, Government, Automotive, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on Application, the market is segmented into Object Detection, Image Classification, Image Segmentation, Image Captioning, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Google LLC (Alphabet Inc.), OpenAI, L.L.C., Synopsys, Inc., Microsoft Corporation, Qualcomm Incorporated, Intel Corporation, LeewayHertz, and Clarifai, Inc.
Vision transformers are optimized for edge devices, allowing them to perform real-time analysis without relying on cloud servers. This trend is significant in applications like autonomous vehicles and robotics. Techniques for training with smaller datasets and fewer computational resources are being developed. This makes ViTs more accessible for smaller businesses and research projects. Combining with GANs has led to innovative applications, such as generating realistic images, video synthesis, and style transfer.
Self-driving cars significantly rely on computer vision for navigation and decision-making in real time. These play a vital role in recognizing pedestrians, other vehicles, and traffic signs, contributing to the safety and reliability of autonomous transportation systems. In the medical field, ViTs assist in analyzing radiology and pathology images, enabling more accurate diagnoses and better treatment plans. Their applications also extend to robotic surgery, where they help in precise instrument control.
As per the International Trade Administration (ITA), the American automotive industry is one of the largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the second-largest region in the globe for vehicle sales and production. According to Autos drive America, automakers produced 5 million vehicles in the United States in 2020. As the adoption of autonomous vehicles grows in the U.S., ViTs can provide the perception and decision-making capabilities required for self-driving cars, making them safer and more reliable. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Vision Transformers Market by Country in 2023 and would continue to be a dominant market till 2030; thereby, achieving a market value of $702.4 Million by 2030. The Canada market is experiencing a CAGR of 38.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 37.4% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Software, Hardware), and Professional Services. Based on Vertical, the market is segmented into Media & Entertainment, Government, Automotive, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on Application, the market is segmented into Object Detection, Image Classification, Image Segmentation, Image Captioning, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Google LLC (Alphabet Inc.), OpenAI, L.L.C., Synopsys, Inc., Microsoft Corporation, Qualcomm Incorporated, Intel Corporation, LeewayHertz, and Clarifai, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component- Solution
- Software
- Hardware
- Professional Services
- Media & Entertainment
- Government
- Automotive
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
- Object Detection
- Image Classification
- Image Segmentation
- Image Captioning
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- OpenAI, L.L.C.
- Synopsys, Inc.
- Microsoft Corporation
- Qualcomm Incorporated
- Intel Corporation
- LeewayHertz
- Clarifai, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. North America Vision Transformers Market by Component
Chapter 6. North America Vision Transformers Market by Vertical
Chapter 7. North America Vision Transformers Market by Application
Chapter 8. North America Vision Transformers Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- OpenAI, L.L.C.
- Synopsys, Inc.
- Microsoft Corporation
- Qualcomm Incorporated
- Intel Corporation
- LeewayHertz
- Clarifai, Inc.
Methodology
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