The Europe Vision Transformers Market would witness market growth of 36.8% CAGR during the forecast period (2023-2030).
Automation is a driving force in many industries, and vision transformation technologies are crucial in automating tasks like quality control, object detection, and visual inspection. Automation and efficiency can help businesses save time and resources and improve the precision of their decision-making processes; consequently, many industries are implementing these to automate their processes and increase their efficiency. In retail, computer vision systems monitor inventory levels and sales trends to help retailers decide which products to stock and how to allocate resources. These are very useful in the medical field.
Combining these with other neural network architectures, such as convolutional neural networks (CNNs), creates hybrid models that take advantage of the strengths of both approaches. This trend enhances performance and efficiency in various applications. The integration of these with natural language processing (NLP) models has given rise to multimodal AI, allowing systems to understand and interact with both text and images simultaneously. This opens new possibilities for applications in recommendation systems, social media analysis, and more.
According to Government of UK, the European region, with its highly interconnected supply chains and substantial demand for cars made in the UK, has helped the UK automotive sector, which offers various products, including premium, niche, and volume vehicles. ViTs can power ADAS features like adaptive cruise control, lane-keeping assistance, and collision avoidance systems, improving safety and reducing accidents on UK roads. All these factors will uplift the regional market’s expansion in coming years.
The Germany market dominated the Europe Vision Transformers Market by Country in 2023 and would continue to be a dominant market till 2030; thereby, achieving a market value of $142.5 Million by 2030. The UK market is exhibiting a CAGR of 35.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 37.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Vision Transformers Market will Hit $2.1 Billion by 2030, at a CAGR of 36.5%
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
- Professional Services
By Vertical
- Media & Entertainment
- Government
- Automotive
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
By Application
- Object Detection
- Image Classification
- Image Segmentation
- Image Captioning
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Vision Transformers Market, by Component
1.4.2 Europe Vision Transformers Market, by Vertical
1.4.3 Europe Vision Transformers Market, by Application
1.4.4 Europe Vision Transformers Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in the Vision Transformers Market
Chapter 5. Europe Vision Transformers Market by Component
5.1 Europe Solution Market by Country
5.2 Europe Vision Transformers Market by Solution Type
5.2.1 Europe Software Market by Country
5.2.2 Europe Hardware Market by Country
5.3 Europe Professional Services Market by Country
Chapter 6. Europe Vision Transformers Market by Vertical
6.1 Europe Media & Entertainment Market by Country
6.2 Europe Government Market by Country
6.3 Europe Automotive Market by Country
6.4 Europe Retail & Ecommerce Market by Country
6.5 Europe Healthcare & Lifesciences Market by Country
6.6 Europe Others Market by Country
Chapter 7. Europe Vision Transformers Market by Application
7.1 Europe Object Detection Market by Country
7.2 Europe Image Classification Market by Country
7.3 Europe Image Segmentation Market by Country
7.4 Europe Image Captioning Market by Country
7.5 Europe Others Market by Country
Chapter 8. Europe Vision Transformers Market by Country
8.1 Germany Vision Transformers Market
8.1.1 Germany Vision Transformers Market by Component
8.1.1.1 Germany Vision Transformers Market by Solution Type
8.1.2 Germany Vision Transformers Market by Vertical
8.1.3 Germany Vision Transformers Market by Application
8.2 UK Vision Transformers Market
8.2.1 UK Vision Transformers Market by Component
8.2.1.1 UK Vision Transformers Market by Solution Type
8.2.2 UK Vision Transformers Market by Vertical
8.2.3 UK Vision Transformers Market by Application
8.3 France Vision Transformers Market
8.3.1 France Vision Transformers Market by Component
8.3.1.1 France Vision Transformers Market by Solution Type
8.3.2 France Vision Transformers Market by Vertical
8.3.3 France Vision Transformers Market by Application
8.4 Russia Vision Transformers Market
8.4.1 Russia Vision Transformers Market by Component
8.4.1.1 Russia Vision Transformers Market by Solution Type
8.4.2 Russia Vision Transformers Market by Vertical
8.4.3 Russia Vision Transformers Market by Application
8.5 Spain Vision Transformers Market
8.5.1 Spain Vision Transformers Market by Component
8.5.1.1 Spain Vision Transformers Market by Solution Type
8.5.2 Spain Vision Transformers Market by Vertical
8.5.3 Spain Vision Transformers Market by Application
8.6 Italy Vision Transformers Market
8.6.1 Italy Vision Transformers Market by Component
8.6.1.1 Italy Vision Transformers Market by Solution Type
8.6.2 Italy Vision Transformers Market by Vertical
8.6.3 Italy Vision Transformers Market by Application
8.7 Rest of Europe Vision Transformers Market
8.7.1 Rest of Europe Vision Transformers Market by Component
8.7.1.1 Rest of Europe Vision Transformers Market by Solution Type
8.7.2 Rest of Europe Vision Transformers Market by Vertical
8.7.3 Rest of Europe Vision Transformers Market by Application
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 SWOT Analysis
9.2 NVIDIA Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Google LLC (Alphabet Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 OpenAI, L.L.C.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Synopsys, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Microsoft Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Qualcomm Incorporated
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Intel Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.6 SWOT Analysis
9.9 LeewayHertz
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. Clarifai, Inc.
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Europe Vision Transformers Market, 2023 - 2030, USD Million
TABLE 2 Europe Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 3 Europe Solution Market by Country, 2023 - 2030, USD Million
TABLE 4 Europe Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 5 Europe Software Market by Country, 2023 - 2030, USD Million
TABLE 6 Europe Hardware Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Professional Services Market by Country, 2023 - 2030, USD Million
TABLE 8 Europe Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 9 Europe Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 10 Europe Government Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Automotive Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Retail & Ecommerce Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 14 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 16 Europe Object Detection Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Image Classification Market by Country, 2023 - 2030, USD Million
TABLE 18 Europe Image Segmentation Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Image Captioning Market by Country, 2023 - 2030, USD Million
TABLE 20 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Vision Transformers Market by Country, 2023 - 2030, USD Million
TABLE 22 Germany Vision Transformers Market, 2023 - 2030, USD Million
TABLE 23 Germany Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 24 Germany Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 25 Germany Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 26 Germany Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 27 UK Vision Transformers Market, 2023 - 2030, USD Million
TABLE 28 UK Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 29 UK Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 30 UK Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 31 UK Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 32 France Vision Transformers Market, 2023 - 2030, USD Million
TABLE 33 France Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 34 France Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 35 France Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 36 France Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 37 Russia Vision Transformers Market, 2023 - 2030, USD Million
TABLE 38 Russia Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 39 Russia Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 40 Russia Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 41 Russia Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 42 Spain Vision Transformers Market, 2023 - 2030, USD Million
TABLE 43 Spain Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 44 Spain Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 45 Spain Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 46 Spain Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 47 Italy Vision Transformers Market, 2023 - 2030, USD Million
TABLE 48 Italy Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 49 Italy Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 50 Italy Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 51 Italy Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 52 Rest of Europe Vision Transformers Market, 2023 - 2030, USD Million
TABLE 53 Rest of Europe Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 54 Rest of Europe Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 55 Rest of Europe Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 56 Rest of Europe Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 57 Key Information – Amazon Web Services, Inc.
TABLE 58 Key Information – NVIDIA Corporation
TABLE 59 Key Information – Google LLC
TABLE 60 Key Information – OpenAI, L.L.C.
TABLE 61 key information – Synopsys, Inc.
TABLE 62 Key Information – Microsoft Corporation
TABLE 63 Key Information – Qualcomm Incorporated
TABLE 64 Key Information – Intel Corporation
TABLE 65 Key Information – LeewayHertz
TABLE 66 Key Information – Clarifai, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Vision Transformers Market, 2023 - 2030, USD Million
FIG 3 Key Factors Impacting the Vision Transformers Market
FIG 4 Porter’s Five Forces Analysis - Vision Transformers Market
FIG 5 Europe Vision Transformers Market share by Component, 2023
FIG 6 Europe Vision Transformers Market share by Component, 2030
FIG 7 Europe Vision Transformers Market by Component, 2023 - 2030, USD Million
FIG 8 Europe Vision Transformers Market share by Vertical, 2023
FIG 9 Europe Vision Transformers Market share by Vertical, 2030
FIG 10 Europe Vision Transformers Market by Vertical, 2023 - 2030, USD Million
FIG 11 Europe Vision Transformers Market share by Application, 2023
FIG 12 Europe Vision Transformers Market share by Application, 2030
FIG 13 Europe Vision Transformers Market by Application, 2023- 2030, USD Million
FIG 14 Europe Vision Transformers Market share by Country, 2023
FIG 15 Europe Vision Transformers Market share by Country, 2030
FIG 16 Europe Vision Transformers Market by Country, 2023 - 2030, USD Million
FIG 17 SWOT analysis: Amazon Web Services, Inc.
FIG 18 SWOT Analysis: NVIDIA Corporation
FIG 19 SWOT Analysis: Google LLC
FIG 20 SWOT Analysis: OpenAI, L.L.C.
FIG 21 SWOT Analysis: Synopsys, Inc.
FIG 22 SWOT Analysis: Microsoft Corporation
FIG 23 SWOT Analysis: QUALCOMM Incorporated
FIG 24 SWOT Analysis: Intel corporation
FIG 25 SWOT Analysis: LeewayHertz
FIG 26 SWOT Analysis: Clarifai, Inc.