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Vision Transformers Market by Offering (Solutions, Professional Services), Application (Image Segmentation, Object Detection, Image Captioning), Vertical (Media & Entertainment, Retail & eCommerce, Automotive) and Region - Forecast to 2028

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    Report

  • 237 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 5899053
Description Jump to:

The market size of the vision transformers market is projected to grow from USD 0.2 billion in 2023 to USD 1.2 billion by 2028 at a CAGR of 34.2% during the forecast period. The vision transformers market represents an exciting frontier in AI and computer vision, potentially transforming industries and improving image understanding and analysis.

As per solution, the hardware segment holds the highest CAGR during the forecast period

The vision transformation market by solution bifurcates into hardware and software. During the forecast period, 2023-2028, the hardware segment holds the highest CAGR. Hardware plays a critical role in enabling the efficient execution of computationally intensive tasks related to computer vision. Hardware often includes specialized processing units, such as Graphics Processing Units (GPUs) and Tensor Processing Units (TPUs), which help accelerate the training and inference of deep learning models, including vision transformers. These processing units are optimized for handling large-scale matrix operations, making them essential for the high computational demands of vision transformers. Central Processing Units (CPUs) are also crucial hardware components, mainly for handling various tasks in the computer vision pipeline.

As per vertical, the automotive vertical holds the highest CAGR during the forecast period

The verticals studied in the report are retail & e-commerce, automotive, government & defense, media & entertainment, healthcare & life sciences,  and other verticals (education & agriculture). During the forecast period, 2023-2028, the automotive vertical segment holds the highest CAGR. The automotive vertical is experiencing a significant transformation by adopting vision transformers in the market. Vision transformers, a class of neural network architecture, play a pivotal role in enhancing vehicle perception, safety, and automation. Vision transformers are at the forefront of autonomous driving technology, enabling vehicles to perceive and interpret their surroundings. They process sensor data, including images from cameras, LiDAR, and radar, to make real-time driving decisions. Vision transformers are essential for ADAS features, such as adaptive cruise control, lane-keeping, automatic emergency braking, and parking assistance, enhancing vehicle safety.

As per region, Europe holds the second-largest market share during the forecast period

The vision transformers market includes an analysis of five regions. Europe holds the second-largest market share in 2023 and will have similar dominance over the forecast period. Europe has diverse business needs, as several large retailers and manufacturing companies demand robust and scalable IT infrastructure solutions. The region has always been a challenging market for cloud providers due to the stringent regulations and security standards about user data privacy. Europe has been at the forefront of data protection regulations, particularly implementing the General Data Protection Regulation (GDPR). GDPR emphasizes the need for data privacy, security, and protection of individuals’ data. The region has well-established providers of image sensors and image-processing algorithms, software for machine vision products designed for industrial applications. The automation level and the adoption rate of machine vision products are rapidly increasing, particularly in deep learning and neural networks, which have enabled machines to recognize and interpret images and video data with greater accuracy and speed.

The breakup of the profiles of the primary respondents is below:

  • By Company: Tier I - 30%, Tier II - 45%, and Tier III - 25%
  • By Designation: C-Level Executives - 50%, Director Level - 35%, and Others - 15%
  • By Region: North America - 50%, Asia Pacific - 15%, Europe - 30%, Rest of World - 5%

Note: Others include sales managers, marketing managers, and product managers

Note: The rest of the World consists of the Middle East & Africa, and Latin America

Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million

The key technology vendors in the market include Google (US), OpenAI (US), Meta (US), AWS (US), NVIDIA Corporation (US), LeewayHertz (US), Synopsys (US), Hugging Face (US), Microsoft (US), Qualcomm (US), Intel (US), Clarifai (US), Quadric (US), Viso.ai (Switzerland), Deci (Israel), and V7 Labs (UK). Most key players have adopted partnerships and product developments to cater to the demand for vision transformers.

Research coverage:

The market study covers the vision transformers market across segments. The study aims to estimate the market size and the growth potential of the vision transformers market across different market segments, including offering, application, verticals, and region analysis. It includes an in-depth competitive intelligence analysis of the key players in the market, company profiles, observations related to products, services, business offerings, recent developments, and key market strategies.

Reasons to buy this report:

The report provides insights on the following pointers:

  • Analysis of key drivers (Need for image recognition in the automotive industry, Transfer learning plays a crucial role in the adoption of ViTs, Technology advancements boost the demand for image recognition among CPG and retail companies, Growing impact of AI in machine vision, Attention mechanism drives the market growth), restraints (Concerns related to high computational intensity and resource requirements, High installation cost of image recognition solutions, Data annotation and privacy concerns), opportunities (Increase in the demand for big data analytics, Integration of AI capabilities with image recognition solutions, Development of machine learning about vision technology)and challenges (Challenge related to large scale data requirements, Regulatory compliance challenge) influencing the growth of the vision transformers market.
  • Product Development/Innovation: Detailed insights on the latest technologies in the vision transformers market
  • Market Development: In-depth information about lucrative markets - the report analyses the vision transformers market across various regions.
  • Market Diversification: Comprehensive information about new products & services, recent developments, untapped geographies, and investments in the vision transformers market.
  • Competitive Assessment: Detailed assessment of growth strategies, market shares, and solution offerings of leading players. The critical technology vendors in the market include Google (US), OpenAI (US), Meta (US), AWS (US), and NVIDIA Corporation (US), among others, in the vision transformers market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Inclusions & Exclusions
1.3.3 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2018-2022
1.6 Stakeholders
1.7 Recession Impact

2 Research Methodology
2.1 Research Data
Figure 1 Vision Transformers Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Forecast
Table 2 Factor Analysis
2.3 Market Size Estimation
Figure 2 Vision Transformers Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Vision Transformers Market: Research Flow
2.3.3 Market Size Estimation Methodologies
Figure 6 Market Size Estimation Methodology (Supply Side): Illustration of Vendor Revenue Estimation
Figure 7 Market Size Estimation Methodology: Supply-Side Analysis
Figure 8 Bottom-Up Approach from Supply Side: Collective Revenue of Vendors
Figure 9 Vision Transformers Market: Demand-Side Approach
2.4 Market Breakup and Data Triangulation
Figure 10 Vision Transformers Market: Market Breakup and Data Triangulation
2.5 Impact of Recession on Global Vision Transformers Market
2.6 Research Assumptions
2.7 Limitations and Risk Assessment

3 Executive Summary
Table 3 Vision Transformers Market Size and Growth, 2022-2028 (USD Million, Y-O-Y Growth)
Figure 11 Global Vision Transformers Market to Witness Significant Growth
Figure 12 North America to Account for Largest Share in 2023
Figure 13 Fastest-Growing Segments of Vision Transformers Market

4 Premium Insights
4.1 Opportunities for Players in Vision Transformers Market
Figure 14 Proliferation of Image and Video Data on Internet and Growth of Data Collection Technologies to Boost Vision Transformers Market
4.2 Vision Transformers Market, by Offering
Figure 15 Vision Transformer Solutions to Account for Larger Market Share in 2023 and 2028
4.3 Vision Transformers Market, by Application
Figure 16 Object Detection Application to Account for Largest Share During Forecast Period
4.4 Vision Transformers Market, by Vertical
Figure 17 Media & Entertainment Vertical to Account for Largest Share in 2023
4.5 Vision Transformers Market: Regional Scenario
Figure 18 Asia-Pacific to Emerge as Lucrative Market for Investments in Next Five Years

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 19 Vision Transformers Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand for Automation
5.2.1.2 Increasing Need for Vision Transformers in Automotive Industry
5.2.1.3 Versatility and Efficiency of Transfer Learning
5.2.1.4 Rapid Technology Advancements
5.2.1.5 Growing Impact of AI in Machine Vision
5.2.1.6 Rapid Adoption of Attention Mechanism
5.2.1.7 Continuous Advancements in Vision Transformer Architectures
5.2.2 Restraints
5.2.2.1 Concerns Related to High Computational Intensity and Resource Requirements
5.2.2.2 High Installation Cost
5.2.2.3 Data Annotation and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Big Data Analytics
5.2.3.2 Integration of AI Capabilities with Image Recognition Solutions
5.2.3.3 Development of Machine Learning Pertaining to Vision Technology
5.2.3.4 Advancements in Hardware
5.2.4 Challenges
5.2.4.1 Limited Understanding and Technical Expertise
5.2.4.2 Challenges Related to Large-Scale Data Requirements
5.2.4.3 Stringent Data Privacy Regulations
5.3 Case Study Analysis
5.3.1 Public Sector Company Deployed Deci's Auto Nac Engine to Accelerate Product Development
5.3.2 Leewayhertz Teamed Up with Wine Company to Help Customers Make Informed Choices About Buying Wine
5.3.3 Hyundai Deployed Amazon Sagemaker's Solutions to Optimize Training and Development
5.3.4 Genmab Adopted V7's Solutions to Streamline Data Annotation Processes
5.3.5 Celgene Adopted Amazon Sagemaker and Nvidia Gpus to Accelerate Algorithm Development, Allowing Researchers to Focus on Core Tasks
5.4 Supply Chain Analysis
Figure 20 Supply Chain Map
5.5 Ecosystem Analysis
Figure 21 Ecosystem Map
5.6 Technology Analysis
5.6.1 Key Technologies
5.6.1.1 Natural Language Processing (Nlp)
5.6.1.2 Computer Vision
5.6.2 Complementary Technologies
5.6.2.1 Cloud
5.6.2.2 Iot
5.6.2.3 Big Data
5.6.3 Adjacent Technologies
5.6.3.1 Deep Learning Models
5.6.3.1.1 Transformers
5.6.3.1.2 Large Language Models (Llms)
5.6.3.2 Machine Learning
5.6.3.3 Generative Ai
Figure 22 Generative Ai: Startup Funding
5.7 Pricing Analysis
5.7.1 Average Selling Price Trends of Key Players, by Solution
5.7.2 Indicative Pricing Analysis of Vision Transformer Vendors, by Solution
Table 4 Indicative Pricing Analysis of Google, by Solution
Table 5 Indicative Pricing Analysis of Hugging Face, by Solution
5.8 Patent Analysis
Figure 23 Number of Patents Published, 2012-2022
Figure 24 Top Five Patent Owners (Global)
Table 6 Top 10 Patent Applicants (Us)
5.9 Porter's Five Forces Analysis
Figure 25 Porter's Five Forces Analysis
Table 7 Impact of Porter's Five Forces on Vision Transformers Market
5.9.1 Threat of New Entrants
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Suppliers
5.9.4 Bargaining Power of Buyers
5.9.5 Intensity of Competitive Rivalry
5.10 Tariff and Regulatory Landscape
5.10.1 Tariff Analysis
Table 8 Mfn Tariffs for Hs Code: 8471 Exported by Us, 2022
Table 9 Mfn Tariffs for Hs Code: 8471 Exported by Australia, 2022
Table 10 Mfn Tariffs for Hs Code: 8471 Exported by Canada, 2022
5.10.2 Regulations, by Region
Table 11 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Middle East & Africa: Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Latin America: Regulatory Bodies, Government Agencies, and Other Organizations
5.10.3 Regulatory Bodies, Government Agencies, and Other Organizations
5.10.3.1 European Union (Eu) - Artificial Intelligence Act (Aia)
5.10.3.2 Interim Administrative Measures for Generative Artificial Intelligence Services
5.10.3.3 General Data Protection Regulation
5.10.3.4 National Artificial Intelligence Initiative Act (Naiia)
5.10.3.5 Information Security Technology - Personal Information Security Specification Gb/T 35273-2017
5.10.3.6 Artificial Intelligence and Data Act (Aida)
5.10.3.7 General Data Protection Law
5.10.3.8 Law No. 13 of 2016 on Protecting Personal Data
5.10.3.9 Nist Special Publication 800-144 - Guidelines on Security and Privacy in Public Cloud Computing
5.11 Trade Analysis
Table 16 Import Data, by Country, 2018-2022 (USD Million)
Figure 26 Import Data, by Country, 2018-2022 (USD Million)
Table 17 Export Data, by Country, 2018-2022 (USD Million)
Figure 27 Export Data, by Country, 2018-2022 (USD Million)
5.12 Trends/Disruptions Impacting Buyers
Figure 28 Trends/Disruptions Impacting Buyers
5.13 Key Stakeholders & Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 29 Influence of Stakeholders on Buying Process for Key Verticals
Table 18 Influence of Stakeholders on Buying Process for Key Verticals
5.13.2 Buying Criteria
Figure 30 Key Buying Criteria for Key Verticals
Table 19 Key Buying Criteria for Top Verticals
5.14 Vision Transformers Market: Business Model Analysis
Figure 31 Vision Transformers Market: Business Models
5.14.1 Subscription Business Model
5.14.2 Service Business Model
5.15 Key Conferences & Events
Table 20 Key Conferences & Events, 2023-2024

6 Vision Transformers Market, by Offering
6.1 Introduction
6.1.1 Offerings: Vision Transformers Market Drivers
Figure 32 Professional Services Segment to Grow at Higher CAGR During Forecast Period
Table 21 Vision Transformers Market, by Offering, 2022-2028 (USD Million)
6.2 Solutions
Figure 33 Software Segment to Lead Market by 2028
Table 22 Vision Transformers Market, by Solution, 2022-2028 (USD Million)
Table 23 Solutions: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.2.1 Software
6.2.1.1 Need for Efficient Vision Data Handling to Drive Market for Vision Transformer Software Solutions
Table 24 Software: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.2.1.2 Standalone Vision Transformer Software Packages
6.2.1.3 Vision Transformer Libraries and Frameworks
6.2.2 Hardware
6.2.2.1 Hardware Supports Development, Training, and Deployment of Computer Vision Models
Table 25 Hardware: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.3 Professional Services
Figure 34 Consulting Segment to Grow at Highest CAGR During Forecast Period
Table 26 Vision Transformers Market, by Professional Service, 2022-2028 (USD Million)
Table 27 Professional Services: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.3.1 Consulting
6.3.1.1 Consulting Services Help Organizations Manage Development, Deployment, and Maintenance of Vision Transformers
Table 28 Consulting: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.3.2 Deployment & Integration
6.3.2.1 Deployment and Integration Services Enable Organizations to Make Most of Their Investments in Vision Transformer Solutions
Table 29 Deployment & Integration: Vision Transformers Market, by Region, 2022-2028 (USD Million)
6.3.3 Training, Support, and Maintenance
6.3.3.1 High Demand for Training and Support Services from Companies Adopting Vision Transformers to Drive Market
Table 30 Training, Support, and Maintenance: Vision Transformers Market, by Region, 2022-2028 (USD Million)

7 Vision Transformers Market, by Application
7.1 Introduction
Figure 35 Image Captioning Segment to Grow at Highest CAGR During Forecast Period
7.1.1 Applications: Vision Transformers Market Drivers
Table 31 Vision Transformers Market, by Application, 2022-2028 (USD Million)
7.2 Image Classification
7.2.1 Increasing Adoption of Image Classification Across Various Industries and Sectors to Boost Growth
7.2.2 Single-Label Image Classification
7.2.3 Fine-Grained Image Classification
7.2.4 Multi-Label Classification
7.2.5 Others
Table 32 Image Classification: Vision Transformers Market, by Region, 2022-2028 (USD Million)
7.3 Image Captioning
7.3.1 Image Captioning Has Potential to Revolutionize Utilization of Visual Content Across Industries
7.3.2 Feature Extraction
7.3.3 Multi-Modal Fusion
7.3.4 Others
Table 33 Image Captioning: Vision Transformers Market, by Region, 2022-2028 (USD Million)
7.4 Image Segmentation
7.4.1 Use of Image Segmentation in Wide Range of Applications, Such as Object Detection, Medical Imaging, and Autonomous Vehicles, to Drive Market
7.4.2 Semantic Segmentation
7.4.3 Instance Segmentation
7.4.4 Others
Table 34 Image Segmentation: Vision Transformers Market, by Region, 2022-2028 (USD Million)
7.5 Object Detection
7.5.1 Precision and Efficiency of Vision Transformer Architectures to Drive Their Use for Object Detection
7.5.2 Single Shot Detectors (Ssds)
7.5.3 Region-Based Convolutional Neural Networks (R-Cnn)
7.5.4 Others
Table 35 Object Detection: Vision Transformers Market, by Region, 2022-2028 (USD Million)
7.6 Other Applications
Table 36 Other Applications: Vision Transformers Market, by Region, 2022-2028 (USD Million)

8 Vision Transformers Market, by Vertical
8.1 Introduction
Figure 36 Media & Entertainment Segment to Account for Largest Market in 2023
8.1.1 Verticals: Vision Transformers Market Drivers
Table 37 Vision Transformers Market, by Vertical, 2022-2028 (USD Million)
8.2 Retail & Ecommerce
8.2.1 Need for Retailers to Use Vision Transformers to Collect and Analyze Data on Customer Behavior to Boost Market
8.2.2 Visual Search & Recommendation
8.2.3 Virtual Try-On & Fitting Rooms
8.2.4 Automated Product Tagging & Cataloging
8.2.5 Others
Table 38 Retail & Ecommerce: Vision Transformers Market, by Region, 2022-2028 (USD Million)
8.3 Media & Entertainment
8.3.1 Demand for Optimized Content Creation, Management, and Delivery to Boost Market Expansion
8.3.2 Content Recommendation
8.3.3 Content Moderation
8.3.4 Video Summarization & Highlight Extraction
8.3.5 Others
Table 39 Media & Entertainment: Vision Transformers Market, by Region, 2022-2028 (USD Million)
8.4 Automotive
8.4.1 Increasing Need to Improve Road Safety and Reduce Mishaps to Drive Use of Computer Vision Solutions
8.4.2 Autonomous Driving & Advanced Driver Assistance Systems (Adas)
8.4.3 Pedestrian & Cyclist Detection
8.4.4 Others
Table 40 Automotive: Vision Transformers Market, by Region, 2022-2028 (USD Million)
8.5 Government & Defense
8.5.1 Rising Need to Improve Situational Awareness, Security, and Operational Efficiency to Drive Adoption of Vision Transformers in Government and Defense Sectors
8.5.2 Border Security & Surveillance
8.5.3 Aerial & Satellite Image Analysis
8.5.4 Object Detection & Tracking
8.5.5 Others
Table 41 Government & Defense: Vision Transformers Market, by Region, 2022-2028 (USD Million)
8.6 Healthcare & Life Sciences
8.6.1 Vision Transformers Enhance Medical Robotics Applications by Providing Real-Time Visual Feedback and Guidance During Procedures
8.6.2 Medical Image Analysis
8.6.3 Disease Detection & Classification
8.6.4 Drug Discovery & Drug Development
8.6.5 Others
Table 42 Healthcare & Life Sciences: Vision Transformers Market, by Region, 2022-2028 (USD Million)
8.7 Other Verticals
Table 43 Other Verticals: Vision Transformers Market, by Region, 2022-2028 (USD Million)

9 Vision Transformers Market, by Region
9.1 Introduction
Figure 37 North America to Account for Largest Market Share During Forecast Period
Table 44 Vision Transformers Market, by Region, 2022-2028 (USD Million)
9.2 North America
9.2.1 North America: Vision Transformers Market Drivers
9.2.2 North America: Recession Impact
Figure 38 North America: Market Snapshot
Table 45 North America: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 46 North America: Vision Transformers Market, by Solution, 2022-2028 (USD Million)
Table 47 North America: Vision Transformers Market, by Professional Service, 2022-2028 (USD Million)
Table 48 North America: Vision Transformers Market, by Application, 2022-2028 (USD Million)
Table 49 North America: Vision Transformers Market, by Vertical, 2022-2028 (USD Million)
Table 50 North America: Vision Transformers Market, by Country, 2022-2028 (USD Million)
9.2.3 US
9.2.3.1 Growth in Technology Hubs Across Country, with Participation from Companies and Research Institutions, to Drive Market
Table 51 US: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 52 US: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.2.4 Canada
9.2.4.1 Growing Innovation in Healthcare Applications and It Infrastructure to Boost Growth
Table 53 Canada: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 54 Canada: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Vision Transformers Market Drivers
9.3.2 Europe: Recession Impact
Table 55 Europe: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 56 Europe: Vision Transformers Market, by Solution, 2022-2028 (USD Million)
Table 57 Europe: Vision Transformers Market, by Professional Service, 2022-2028 (USD Million)
Table 58 Europe: Vision Transformers Market, by Application, 2022-2028 (USD Million)
Table 59 Europe: Vision Transformers Market, by Vertical, 2022-2028 (USD Million)
Table 60 Europe: Vision Transformers Market, by Country, 2022-2028 (USD Million)
9.3.3 UK
9.3.3.1 Rise in Investments by Government in AI and Computer Vision Technologies to Spur Market Expansion
Table 61 UK: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 62 UK: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.3.4 Germany
9.3.4.1 German Government to Become Technology's Global Leader by Galvanizing AI R&D and Application
Table 63 Germany: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 64 Germany: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.3.5 France
9.3.5.1 Government Initiatives to Support Adoption of Vision and AI Technologies to Drive Market Growth
Table 65 France: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 66 France: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.3.6 Italy
9.3.6.1 Increasing Government Support and Initiatives Related to AI and Technology Innovation to Encourage Growth
Table 67 Italy: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 68 Italy: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.3.7 Rest of Europe
Table 69 Rest of Europe: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 70 Rest of Europe: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Vision Transformers Market Drivers
9.4.2 Asia-Pacific: Recession Impact
Figure 39 Asia-Pacific: Market Snapshot
Table 71 Asia-Pacific: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 72 Asia-Pacific: Vision Transformers Market, by Solution, 2022-2028 (USD Million)
Table 73 Asia-Pacific: Vision Transformers Market, by Professional Service, 2022-2028 (USD Million)
Table 74 Asia-Pacific: Vision Transformers Market, by Application, 2022-2028 (USD Million)
Table 75 Asia-Pacific: Vision Transformers Market, by Vertical, 2022-2028 (USD Million)
Table 76 Asia-Pacific: Vision Transformers Market, by Country, 2022-2028 (USD Million)
9.4.3 China
9.4.3.1 Rapid Digitalization, Economic Growth, and Increase in Data Consumption to Propel Market Expansion
Table 77 China: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 78 China: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.4.4 Japan
9.4.4.1 Engagement of Prominent Tech Companies in AI Development to Boost Market
Table 79 Japan: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 80 Japan: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.4.5 India
9.4.5.1 Growth in Initiatives to Implement Industry 4.0 to Encourage Market Expansion
Table 81 India: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 82 India: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.4.6 Rest of Asia-Pacific
Table 83 Rest of Asia-Pacific: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 84 Rest of Asia-Pacific: Vision Transformers Market, by Application, 2022-2028 (USD Million)
9.5 Rest of the World (Row)
9.5.1 Extensive Use of Vision Transformers in Agriculture and to Address Security Challenges to Spur Growth
9.5.2 RoW: Vision Transformers Market Drivers
9.5.3 RoW: Recession Impact
Table 85 RoW: Vision Transformers Market, by Offering, 2022-2028 (USD Million)
Table 86 RoW: Vision Transformers Market, by Solution, 2022-2028 (USD Million)
Table 87 RoW: Vision Transformers Market, by Professional Service, 2022-2028 (USD Million)
Table 88 RoW: Vision Transformers Market, by Application, 2022-2028 (USD Million)
Table 89 RoW: Vision Transformers Market, by Vertical, 2022-2028 (USD Million)

10 Competitive Landscape
10.1 Introduction
10.2 Key Player Strategies/Right to Win
Table 90 Overview of Strategies Adopted by Key Vision Transformer Vendors
10.3 Revenue Analysis
Figure 40 Historical Five-Year Segmental Revenue Analysis of Key Vision Transformer Providers
10.4 Market Share Analysis
Figure 41 Market Share Analysis, 2022
Table 91 Vision Transformers Market: Intensity of Competitive Rivalry
10.5 Brand Comparison/Vendor Product Landscape
Table 92 Brand Comparison/Vendor Product Landscape
10.6 Global Snapshot of Key Market Participants
Figure 42 Vision Transformers Market: Global Snapshot of Key Market Participants
10.7 Company Evaluation Matrix
Figure 43 Company Evaluation Matrix: Criteria Weightage
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
Figure 44 Company Evaluation Matrix
10.7.5 Company Footprint
Table 93 Company Footprint, by Region
Table 94 Company Footprint, by Offering
Table 95 Overall Company Footprint
10.8 Valuation and Financial Metrics of Vision Transformer Vendors
Figure 45 Valuation and Financial Metrics of Vision Transformer Vendors
10.9 Key Market Developments
10.9.1 Product Launches & Enhancements
Table 96 Vision Transformers Market: Product Launches & Enhancements, 2022-2023
10.9.2 Deals
Table 97 Vision Transformers Market: Deals, 2022-2023

11 Company Profiles
11.1 Introduction
11.2 Major Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices Made, and Weaknesses and Competitive Threats)*
11.2.1 Google
Table 98 Google: Business Overview
Figure 46 Google: Company Snapshot
Table 99 Google: Products/Solutions/Services Offered
Table 100 Google: Product Launches and Enhancements
11.2.2 Openai
Table 101 Openai: Company Overview
Table 102 Openai: Products/Solutions/Services Offered
Table 103 Openai: Product Launches and Enhancements
Table 104 Openai: Deals
11.2.3 Meta
Table 105 Meta: Company Overview
Figure 47 Meta: Company Snapshot
Table 106 Meta: Products/Solutions/Services Offered
Table 107 Meta: Product Launches and Enhancements
11.2.4 Aws
Table 108 Aws: Company Overview
Figure 48 Aws: Company Snapshot
Table 109 Aws: Products/Solutions/Services Offered
Table 110 Aws: Product Launches and Enhancements
Table 111 Aws: Deals
11.2.5 Nvidia Corporation
Table 112 Nvidia Corporation: Business Overview
Figure 49 Nvidia Corporation: Company Snapshot
Table 113 Nvidia Corporation: Product/Solution/Service Offerings
Table 114 Nvidia Corporation: Product Launches and Enhancements
Table 115 Nvidia Corporation: Deals
11.2.6 Leewayhertz
Table 116 Leewayhertz: Business Overview
Table 117 Leewayhertz: Products/Services Offered
11.2.7 Synopsys
Table 118 Synopsys: Business Overview
Figure 50 Synopsys: Company Snapshot
Table 119 Synopsys: Products/Services Offered
Table 120 Synopsys: Product Launches & Enhancements
11.2.8 Hugging Face
Table 121 Hugging Face: Business Overview
Table 122 Hugging Face: Products/Services Offered
Table 123 Hugging Face: Product Launches and Enhancements
Table 124 Hugging Face: Deals
11.2.9 Microsoft
Table 125 Microsoft: Business Overview
Figure 51 Microsoft: Company Snapshot
Table 126 Microsoft: Products/Solutions/Services Offered
Table 127 Microsoft: Product Launches & Enhancements
Table 128 Microsoft: Deals
11.2.10 Qualcomm
Table 129 Qualcomm: Business Overview
Figure 52 Qualcomm: Company Snapshot
Table 130 Qualcomm: Products/Solutions Offered
Table 131 Qualcomm: Product Launches and Enhancements
Table 132 Qualcomm: Deals
11.2.11 Intel
Table 133 Intel: Business Overview
Figure 53 Intel: Company Snapshot
Table 134 Intel: Products/Solutions Offered
Table 135 Intel: Product Launches and Enhancements
Table 136 Intel: Deals
11.3 Other Players
11.3.1 Clarifai
11.3.2 Quadric
11.3.3 Viso.Ai
11.3.4 Deci
11.3.5 V7 Labs
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices Made, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

12 Adjacent & Related Markets
12.1 Introduction
12.1.1 Related Markets
12.1.2 Limitations
12.2 Generative AI Market
Table 137 Generative AI Market, by Offering, 2019-2022 (USD Million)
Table 138 Generative AI Market, by Offering, 2023-2030 (USD Million)
Table 139 Generative AI Market, by Service, 2019-2022 (USD Million)
Table 140 Generative AI Market, by Service, 2023-2030 (USD Million)
Table 141 Generative AI Market, by Data Modality, 2019-2022 (USD Million)
Table 142 Generative AI Market, by Data Modality, 2023-2030 (USD Million)
Table 143 Generative AI Market, by Region, 2019-2022 (USD Million)
Table 144 Generative AI Market, by Region, 2023-2030 (USD Million)
12.3 AI in Computer Vision Market
Table 145 AI in Computer Vision Market, by Component, 2019-2022 (USD Million)
Table 146 AI in Computer Vision Market, by Component, 2023-2028 (USD Million)
Table 147 AI in Computer Vision Market, by Hardware Type, 2019-2022 (USD Million)
Table 148 AI in Computer Vision Market, by Hardware Type, 2023-2028 (USD Million)
Table 149 AI in Computer Vision Market, by Software Type, 2019-2022 (USD Million)
Table 150 AI in Computer Vision Market, by Software Type, 2023-2028 (USD Million)
Table 151 AI in Computer Vision Market, by Function, 2019-2022 (USD Million)
Table 152 AI in Computer Vision Market, by Function, 2023-2028 (USD Million)
Table 153 AI in Computer Vision Market, by Application, 2019-2022 (USD Million)
Table 154 AI in Computer Vision Market, by Application, 2023-2028 (USD Million)
Table 155 AI in Computer Vision Market, by End-Use Industry, 2019-2022 (USD Million)
Table 156 AI in Computer Vision Market, by End-Use Industry, 2023-2028 (USD Million)
Table 157 AI in Computer Vision Market, by Region, 2019-2022 (USD Million)
Table 158 AI in Computer Vision Market, by Region, 2023-2028 (USD Million)

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

  • Aws
  • Clarifai
  • Deci
  • Google
  • Hugging Face
  • Intel
  • Leewayhertz
  • Meta
  • Microsoft
  • Nvidia Corporation
  • Openai
  • Quadric
  • Qualcomm
  • Synopsys
  • V7 Labs
  • Viso.Ai

Methodology

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Table Information

Report AttributeDetails
No. of Pages237
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 0.27 Billion
Forecasted Market Value ( USD ) by 2028 $ 1.2 Billion
Compound Annual Growth Rate34.2%
Regions CoveredGlobal
No. of Companies Mentioned16

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