The North America Convolutional Neural Networks Market would witness market growth of 39.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Convolutional Neural Networks Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $32,875.8 million by 2031. The Canada market is experiencing a CAGR of 42.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 41.3% during (2024 - 2031).
This market refers to the industry surrounding the development, deployment, and application of these networks, which are a class of deep learning algorithms specifically designed to process structured grid data such as images and video. CNNs are particularly powerful for tasks like image recognition, object detection, and image segmentation, making them essential in various sectors, including healthcare, automotive, finance, and entertainment.
CNNs have become a cornerstone in several domains, with applications across industries. Some of the most significant applications include. CNNs are used to analyze facial expressions, helping in applications like sentiment analysis in customer service or enhancing user interactions on social media platforms. Beyond object detection, CNNs can analyze the context of scenes, helping autonomous navigation systems understand complex environments, such as urban landscapes.
The rise of autonomous vehicles (AVs) in the United States is significantly influencing the growth of this market. According to the National Association of Insurance Commissioners, the Insurance Institute for Highway Safety projects that there will be approximately 3.5 million self-driving vehicles on U.S. roads by 2025 and 4.5 million by 2030. This rapid proliferation of AVs necessitates the integration of advanced technologies, particularly artificial intelligence (AI), to ensure safe and efficient operations, with CNNs playing a crucial role in this transformation. Canada's aerospace sector's growth significantly impacts this market. As the government actively supports this sector through initiatives like the Aerospace Regional Recovery Initiative (ARRI), which allocates $250 million over three years, there is an increasing demand for advanced technologies, including artificial intelligence (AI) and machine learning. CNNs, a specialized form of AI, are particularly suited for tasks like image and signal processing, critical in aerospace applications such as aircraft design, maintenance, and operational efficiency. In conclusion, the projected rise of autonomous vehicles in the U.S. and the government’s commitment to supporting the aerospace sector are set to create a robust demand for convolutional neural networks.
Free Valuable Insights: The Convolutional Neural Networks Market is Predict to reach USD 131.7 Billion by 2031, at a CAGR of 40.2%
Based on Deployment Mode, the market is segmented into On-Premise and Cloud. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Image & Video Recognition, Natural Language Processing (NLP), Medical Image Analysis, Autonomous Vehicles, Robotics & Manufacturing, and Other Application. Based on Vertical, the market is segmented into Healthcare, Automotive, Retail & E-commerce, IT & Telecommunications, Manufacturing, Aerospace & Defense, Energy & Utilities, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- NVIDIA Corporation
- Google LLC
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- OpenAI, LLC
- Samsung Electronics Co., Ltd. (Samsung Group)
- Intel Corporation
- H2O.ai, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
North America Convolutional Neural Networks Market Report Segmentation
By Deployment Mode
By Component
- Hardware
- Software
- Services
By Application
- Image & Video Recognition
- Natural Language Processing (NLP)
- Medical Image Analysis
- Autonomous Vehicles
- Robotics & Manufacturing
- Other Application
By Vertical
- Healthcare
- Automotive
- Retail & E-commerce
- IT & Telecommunications
- Manufacturing
- Aerospace & Defense
- Energy & Utilities
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Convolutional Neural Networks Market, by Deployment Mode
1.4.2 North America Convolutional Neural Networks Market, by Component
1.4.3 North America Convolutional Neural Networks Market, by Application
1.4.4 North America Convolutional Neural Networks Market, by Vertical
1.4.5 North America Convolutional Neural Networks 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
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Convolutional Neural Networks Market by Deployment Mode
5.1 North America On-Premise Market by Region
5.2 North America Cloud Market by Region
Chapter 6. North America Convolutional Neural Networks Market by Component
6.1 North America Hardware Market by Country
6.2 North America Software Market by Country
6.3 North America Services Market by Country
Chapter 7. North America Convolutional Neural Networks Market by Application
7.1 North America Image & Video Recognition Market by Country
7.2 North America Natural Language Processing (NLP) Market by Country
7.3 North America Medical Image Analysis Market by Country
7.4 North America Autonomous Vehicles Market by Country
7.5 North America Robotics & Manufacturing Market by Country
7.6 North America Other Application Market by Country
Chapter 8. North America Convolutional Neural Networks Market by Vertical
8.1 North America Healthcare Market by Country
8.2 North America Automotive Market by Country
8.3 North America Retail & E-commerce Market by Country
8.4 North America IT & Telecommunications Market by Country
8.5 North America Manufacturing Market by Country
8.6 North America Aerospace & Defense Market by Country
8.7 North America Energy & Utilities Market by Country
8.8 North America Other Vertical Market by Country
Chapter 9. North America Convolutional Neural Networks Market by Country
9.1 US Convolutional Neural Networks Market
9.1.1 US Convolutional Neural Networks Market by Deployment Mode
9.1.2 US Convolutional Neural Networks Market by Component
9.1.3 US Convolutional Neural Networks Market by Application
9.1.4 US Convolutional Neural Networks Market by Vertical
9.2 Canada Convolutional Neural Networks Market
9.2.1 Canada Convolutional Neural Networks Market by Deployment Mode
9.2.2 Canada Convolutional Neural Networks Market by Component
9.2.3 Canada Convolutional Neural Networks Market by Application
9.2.4 Canada Convolutional Neural Networks Market by Vertical
9.3 Mexico Convolutional Neural Networks Market
9.3.1 Mexico Convolutional Neural Networks Market by Deployment Mode
9.3.2 Mexico Convolutional Neural Networks Market by Component
9.3.3 Mexico Convolutional Neural Networks Market by Application
9.3.4 Mexico Convolutional Neural Networks Market by Vertical
9.4 Rest of North America Convolutional Neural Networks Market
9.4.1 Rest of North America Convolutional Neural Networks Market by Deployment Mode
9.4.2 Rest of North America Convolutional Neural Networks Market by Component
9.4.3 Rest of North America Convolutional Neural Networks Market by Application
9.4.4 Rest of North America Convolutional Neural Networks Market by Vertical
Chapter 10. Company Profiles
10.1 NVIDIA Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Google LLC
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Microsoft Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental Analysis
10.5.4 Recent strategies and developments:
10.5.4.1 Partnerships, Collaborations, and Agreements:
10.5.4.2 Product Launches and Product Expansions:
10.5.5 SWOT Analysis
10.6 OpenAI, L.L.C.
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Product Launches and Product Expansions:
10.6.2.2 Acquisition and Mergers:
10.6.3 SWOT Analysis
10.7 Samsung Electronics Co., Ltd. (Samsung Group)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Intel Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 H2O.ai, Inc.
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Partnerships, Collaborations, and Agreements:
10.9.2.2 Product Launches and Product Expansions:
10.10. Qualcomm Incorporated (Qualcomm Technologies, Inc.)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Product Launches and Product Expansions:
10.10.6 SWOT Analysis
TABLE 1 North America Convolutional Neural Networks Market, 2020 - 2023, USD Million
TABLE 2 North America Convolutional Neural Networks Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Convolutional Neural Networks Market
TABLE 4 Product Launches And Product Expansions– Convolutional Neural Networks Market
TABLE 5 Acquisition and Mergers– Convolutional Neural Networks Market
TABLE 6 North America Convolutional Neural Networks Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 7 North America Convolutional Neural Networks Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 8 North America On-Premise Market by Region, 2020 - 2023, USD Million
TABLE 9 North America On-Premise Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Cloud Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Cloud Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Convolutional Neural Networks Market by Component, 2020 - 2023, USD Million
TABLE 13 North America Convolutional Neural Networks Market by Component, 2024 - 2031, USD Million
TABLE 14 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Convolutional Neural Networks Market by Application, 2020 - 2023, USD Million
TABLE 21 North America Convolutional Neural Networks Market by Application, 2024 - 2031, USD Million
TABLE 22 North America Image & Video Recognition Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Image & Video Recognition Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Natural Language Processing (NLP) Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Natural Language Processing (NLP) Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Medical Image Analysis Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Medical Image Analysis Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Autonomous Vehicles Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Autonomous Vehicles Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Robotics & Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Robotics & Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Convolutional Neural Networks Market by Vertical, 2020 - 2023, USD Million
TABLE 35 North America Convolutional Neural Networks Market by Vertical, 2024 - 2031, USD Million
TABLE 36 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
TABLE 42 North America IT & Telecommunications Market by Country, 2020 - 2023, USD Million
TABLE 43 North America IT & Telecommunications Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Other Vertical Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Other Vertical Market by Country, 2024 - 2031, USD Million
TABLE 52 North America Convolutional Neural Networks Market by Country, 2020 - 2023, USD Million
TABLE 53 North America Convolutional Neural Networks Market by Country, 2024 - 2031, USD Million
TABLE 54 US Convolutional Neural Networks Market, 2020 - 2023, USD Million
TABLE 55 US Convolutional Neural Networks Market, 2024 - 2031, USD Million
TABLE 56 US Convolutional Neural Networks Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 57 US Convolutional Neural Networks Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 58 US Convolutional Neural Networks Market by Component, 2020 - 2023, USD Million
TABLE 59 US Convolutional Neural Networks Market by Component, 2024 - 2031, USD Million
TABLE 60 US Convolutional Neural Networks Market by Application, 2020 - 2023, USD Million
TABLE 61 US Convolutional Neural Networks Market by Application, 2024 - 2031, USD Million
TABLE 62 US Convolutional Neural Networks Market by Vertical, 2020 - 2023, USD Million
TABLE 63 US Convolutional Neural Networks Market by Vertical, 2024 - 2031, USD Million
TABLE 64 Canada Convolutional Neural Networks Market, 2020 - 2023, USD Million
TABLE 65 Canada Convolutional Neural Networks Market, 2024 - 2031, USD Million
TABLE 66 Canada Convolutional Neural Networks Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 67 Canada Convolutional Neural Networks Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 68 Canada Convolutional Neural Networks Market by Component, 2020 - 2023, USD Million
TABLE 69 Canada Convolutional Neural Networks Market by Component, 2024 - 2031, USD Million
TABLE 70 Canada Convolutional Neural Networks Market by Application, 2020 - 2023, USD Million
TABLE 71 Canada Convolutional Neural Networks Market by Application, 2024 - 2031, USD Million
TABLE 72 Canada Convolutional Neural Networks Market by Vertical, 2020 - 2023, USD Million
TABLE 73 Canada Convolutional Neural Networks Market by Vertical, 2024 - 2031, USD Million
TABLE 74 Mexico Convolutional Neural Networks Market, 2020 - 2023, USD Million
TABLE 75 Mexico Convolutional Neural Networks Market, 2024 - 2031, USD Million
TABLE 76 Mexico Convolutional Neural Networks Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 77 Mexico Convolutional Neural Networks Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 78 Mexico Convolutional Neural Networks Market by Component, 2020 - 2023, USD Million
TABLE 79 Mexico Convolutional Neural Networks Market by Component, 2024 - 2031, USD Million
TABLE 80 Mexico Convolutional Neural Networks Market by Application, 2020 - 2023, USD Million
TABLE 81 Mexico Convolutional Neural Networks Market by Application, 2024 - 2031, USD Million
TABLE 82 Mexico Convolutional Neural Networks Market by Vertical, 2020 - 2023, USD Million
TABLE 83 Mexico Convolutional Neural Networks Market by Vertical, 2024 - 2031, USD Million
TABLE 84 Rest of North America Convolutional Neural Networks Market, 2020 - 2023, USD Million
TABLE 85 Rest of North America Convolutional Neural Networks Market, 2024 - 2031, USD Million
TABLE 86 Rest of North America Convolutional Neural Networks Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 87 Rest of North America Convolutional Neural Networks Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 88 Rest of North America Convolutional Neural Networks Market by Component, 2020 - 2023, USD Million
TABLE 89 Rest of North America Convolutional Neural Networks Market by Component, 2024 - 2031, USD Million
TABLE 90 Rest of North America Convolutional Neural Networks Market by Application, 2020 - 2023, USD Million
TABLE 91 Rest of North America Convolutional Neural Networks Market by Application, 2024 - 2031, USD Million
TABLE 92 Rest of North America Convolutional Neural Networks Market by Vertical, 2020 - 2023, USD Million
TABLE 93 Rest of North America Convolutional Neural Networks Market by Vertical, 2024 - 2031, USD Million
TABLE 94 Key Information – NVIDIA Corporation
TABLE 95 Key Information – Google LLC
TABLE 96 Key Information – Microsoft Corporation
TABLE 97 Key Information – IBM Corporation
TABLE 98 Key Information – Amazon Web Services, Inc.
TABLE 99 Key Information – OpenAI, L.L.C.
TABLE 100 Key Information – Samsung Electronics Co., Ltd.
TABLE 101 Key Information – Intel Corporation
TABLE 102 Key Information – H2O.ai, Inc.
TABLE 103 Key Information – Qualcomm Incorporated
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Convolutional Neural Networks Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Convolutional Neural Networks Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2024, sep) Leading Players
FIG 8 Porter’s Five Forces Analysis – Convolutional Neural Networks Market
FIG 9 North America Convolutional Neural Networks Market share by Deployment Mode, 2023
FIG 10 North America Convolutional Neural Networks Market share by Deployment Mode, 2031
FIG 11 North America Convolutional Neural Networks Market by Deployment Mode, 2020 - 2031, USD Million
FIG 12 North America Convolutional Neural Networks Market share by Component, 2023
FIG 13 North America Convolutional Neural Networks Market share by Component, 2031
FIG 14 North America Convolutional Neural Networks Market by Component, 2020 - 2031, USD Million
FIG 15 North America Convolutional Neural Networks Market share by Application, 2023
FIG 16 North America Convolutional Neural Networks Market share by Application, 2031
FIG 17 North America Convolutional Neural Networks Market by Application, 2020 - 2031, USD Million
FIG 18 North America Convolutional Neural Networks Market share by Vertical, 2023
FIG 19 North America Convolutional Neural Networks Market share by Vertical, 2031
FIG 20 North America Convolutional Neural Networks Market by Vertical, 2020 - 2031, USD Million
FIG 21 North America Convolutional Neural Networks Market share by Country, 2023
FIG 22 North America Convolutional Neural Networks Market share by Country, 2031
FIG 23 North America Convolutional Neural Networks Market by Country, 2020 - 2031, USD Million
FIG 24 SWOT Analysis: NVIDIA Corporation
FIG 25 SWOT Analysis: Google LLC
FIG 26 SWOT Analysis: Microsoft Corporation
FIG 27 SWOT Analysis: IBM Corporation
FIG 28 Recent strategies and developments: Amazon Web Services, Inc.
FIG 29 SWOT Analysis: Amazon Web Services, Inc.
FIG 30 Recent strategies and developments: OpenAI, L.L.C.
FIG 31 SWOT Analysis: OpenAI, L.L.C.
FIG 32 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 33 SWOT Analysis: Samsung Electronics Co., Ltd.
FIG 34 SWOT Analysis: Intel corporation
FIG 35 Recent strategies and developments: H2O.ai, Inc.
FIG 36 SWOT Analysis: QUALCOMM Incorporated