Computer vision has emerged as one of the most promising fields in artificial intelligence. It is projected to reach a market size of $72.5 billion by 2020, reflecting its growing importance and potential. According to recent studies, there are six major segments that show significant growth prospects, each with unique applications and opportunities.
In recent years, with rapid technological advancements, China's computer vision industry has experienced remarkable growth. A key milestone occurred in the second half of 2016, when breakthroughs in technologies like 1:N face recognition and video structuring were successfully applied in real-world security scenarios. These developments marked the beginning of a large-scale expansion in the computer vision market. By the second half of 2017, several leading companies in this field raised hundreds of millions in funding, further solidifying computer vision’s position as a top focus area in AI research and development.
Recent reports from iResearch highlight the wide range of applications for computer vision across multiple industries. The first major application lies in security, where face recognition plays a central role. Intelligent analysis of surveillance footage from places like roads, stations, subways, and airports allows real-time comparison between faces in videos and those in blacklists, triggering immediate alerts for law enforcement.
Second, in the financial sector, identity authentication through facial recognition is widely used. Unlike the "1:N" recognition seen in security, the pan-financial field primarily relies on "1:1" verification, though some scenarios—such as identifying VIP customers in banks—also involve "1:N" recognition.
Third, the mobile phone and entertainment industries have introduced new smart experiences. In 2017, many smartphone manufacturers launched models with facial unlocking features, while photo optimization, album categorization, and editing tools have also become more intelligent, enhancing user interaction.
Fourth, commodity identification has expanded the boundaries of information access. Through image-based search, people can connect with products and services more efficiently, improving the overall supply chain process from design to retail.
Fifth, in advertising, computer vision enables smarter content mining and targeted marketing. Advertisers can now deliver interactive and context-aware ads across platforms such as long-form videos, short videos, live streams, and AR applications.
Lastly, in autonomous driving, computer vision plays a crucial role in perception and mapping, helping vehicles understand their surroundings and make informed decisions. As the technology continues to evolve, it will support safer and more efficient transportation systems.
Beyond these areas, medical imaging, industrial manufacturing, and retail are expected to see increasing adoption of computer vision, further fueling industry growth. The report forecasts that China’s computer vision market reached 4 billion yuan in 2017 and is expected to surge to 72.5 billion yuan by 2020, signaling a bright future for this transformative technology.
Customization Wire
Customization Wire,Electronic Wire,2 Core Power Cable,2 Core Electrical Cable
ShenZhen Puchen Electronics Co., Ltd. , https://www.szpuchen.com