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.
Free Valuable Insights: The Vision Transformers Market is Predict to reach $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
- 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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vision Transformers Market, by Component
1.4.2 North America Vision Transformers Market, by Vertical
1.4.3 North America Vision Transformers Market, by Application
1.4.4 North America 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. North America Vision Transformers Market by Component
5.1 North America Solution Market by Region
5.2 North America Vision Transformers Market by Solution Type
5.2.1 North America Software Market by Country
5.2.2 North America Hardware Market by Country
5.3 North America Professional Services Market by Region
Chapter 6. North America Vision Transformers Market by Vertical
6.1 North America Media & Entertainment Market by Country
6.2 North America Government Market by Country
6.3 North America Automotive Market by Country
6.4 North America Retail & Ecommerce Market by Country
6.5 North America Healthcare & Lifesciences Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Vision Transformers Market by Application
7.1 North America Object Detection Market by Country
7.2 North America Image Classification Market by Country
7.3 North America Image Segmentation Market by Country
7.4 North America Image Captioning Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Vision Transformers Market by Country
8.1 US Vision Transformers Market
8.1.1 US Vision Transformers Market by Component
8.1.1.1 US Vision Transformers Market by Solution Type
8.1.2 US Vision Transformers Market by Vertical
8.1.3 US Vision Transformers Market by Application
8.2 Canada Vision Transformers Market
8.2.1 Canada Vision Transformers Market by Component
8.2.1.1 Canada Vision Transformers Market by Solution Type
8.2.2 Canada Vision Transformers Market by Vertical
8.2.3 Canada Vision Transformers Market by Application
8.3 Mexico Vision Transformers Market
8.3.1 Mexico Vision Transformers Market by Component
8.3.1.1 Mexico Vision Transformers Market by Solution Type
8.3.2 Mexico Vision Transformers Market by Vertical
8.3.3 Mexico Vision Transformers Market by Application
8.4 Rest of North America Vision Transformers Market
8.4.1 Rest of North America Vision Transformers Market by Component
8.4.1.1 Rest of North America Vision Transformers Market by Solution Type
8.4.2 Rest of North America Vision Transformers Market by Vertical
8.4.3 Rest of North America 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 North America Vision Transformers Market, 2023 - 2030, USD Million
TABLE 2 North America Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 3 North America Solution Market by Region, 2023 - 2030, USD Million
TABLE 4 North America Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 5 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 6 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Professional Services Market by Region, 2023 - 2030, USD Million
TABLE 8 North America Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 9 North America Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Government Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Retail & Ecommerce Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 16 North America Object Detection Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Image Classification Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Image Segmentation Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Image Captioning Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Vision Transformers Market by Country, 2023 - 2030, USD Million
TABLE 22 US Vision Transformers Market, 2023 - 2030, USD Million
TABLE 23 US Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 24 US Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 25 US Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 26 US Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 27 Canada Vision Transformers Market, 2023 - 2030, USD Million
TABLE 28 Canada Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 29 Canada Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 30 Canada Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 31 Canada Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 32 Mexico Vision Transformers Market, 2023 - 2030, USD Million
TABLE 33 Mexico Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 34 Mexico Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 35 Mexico Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 36 Mexico Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 37 Rest of North America Vision Transformers Market, 2023 - 2030, USD Million
TABLE 38 Rest of North America Vision Transformers Market by Component, 2023 - 2030, USD Million
TABLE 39 Rest of North America Vision Transformers Market by Solution Type, 2023 - 2030, USD Million
TABLE 40 Rest of North America Vision Transformers Market by Vertical, 2023 - 2030, USD Million
TABLE 41 Rest of North America Vision Transformers Market by Application, 2023 - 2030, USD Million
TABLE 42 Key Information – Amazon Web Services, Inc.
TABLE 43 Key Information – NVIDIA Corporation
TABLE 44 Key Information – Google LLC
TABLE 45 Key Information – OpenAI, L.L.C.
TABLE 46 key information – Synopsys, Inc.
TABLE 47 Key Information – Microsoft Corporation
TABLE 48 Key Information – Qualcomm Incorporated
TABLE 49 Key Information – Intel Corporation
TABLE 50 Key Information – LeewayHertz
TABLE 51 Key Information – Clarifai, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Vision Transformers Market share by Component, 2023
FIG 6 North America Vision Transformers Market share by Component, 2030
FIG 7 North America Vision Transformers Market by Component, 2023- 2030, USD Million
FIG 8 North America Vision Transformers Market share by Vertical, 2023
FIG 9 North America Vision Transformers Market share by Vertical, 2030
FIG 10 North America Vision Transformers Market by Vertical, 2023 - 2030, USD Million
FIG 11 North America Vision Transformers Market share by Application, 2023
FIG 12 North America Vision Transformers Market share by Application, 2030
FIG 13 North America Vision Transformers Market by Application, 2023 - 2030, USD Million
FIG 14 North America Vision Transformers Market share by Country, 2023
FIG 15 North America Vision Transformers Market share by Country, 2030
FIG 16 North America 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.