Vision Transformers Market Size, Share, Trends, Industry Analysis Report: By Offering, Application, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global vision transformers market size is expected to reach USD 2,783.66 million by 2032, according to a new study by Polaris Market Research. The report "Vision Transformers Market Size, Share, Trends, Industry Analysis Report: By Offering [Solution (Hardware and Software) and Professional Services (Consulting; Deployment & Integration; and Training, Support, & Maintenance)], Application, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Vision transformers (ViTs) are a type of neural network architecture designed specifically for image processing tasks, leveraging the principles of transformer models originally developed for natural language processing. They represent a significant shift in computer vision methodologies, offering several advantages over traditional convolutional neural networks.

The global vision transformer market is being driven by the rising acceptance and use of autonomous vehicles worldwide. ViTs play a crucial role in improving vehicle safety by interpreting the environment for autonomous vehicles. They facilitate precise recognition and categorization of entities such as pedestrians, other vehicles, traffic signs, and obstacles, leading to a higher requirement for ViTs in autonomous vehicles.

The growing popularity of edge computing is projected to propel the global vision transformer market expansion in the coming years. Edge computing allows data to be processed closer to the source, enabling real-time analysis of visual data. Vision transformers, with their efficient architecture, are well-suited for these tasks that require immediate insights, thereby boosting their adoption in edge computing.

Vision Transformers Market Report Highlights

By offering, the professional services segment is expected to experience substantial growth rate during the forecast period due to the growing focus on data security and compliance.

The healthcare & life sciences segment, by vertical, dominated the vision transformers market in 2023, owing to their ability to conduct better analysis of patient data and imaging, supporting personalized treatment plans and precision medicine approaches.

In the global vision transformers market, North America accounted for the largest revenue share in 2023 due to the presence of a highly skilled workforce in AI and data science, which facilitated the development and integration of complex technologies such as vision transformers.

The market in Asia Pacific is expected to grow at a robust pace in the coming years owing to the existence of numerous technology companies and manufacturers that are increasingly incorporating AI-driven solutions into their processes, enhancing efficiency and productivity. Additionally, significant investments from governments and private sectors in AI research and development are fostering innovation and the deployment of vision transformer technologies in the region.

A few global key market players are Amazon Web Services, Inc.; Clarifai, Inc.; Intel Corporation; Microsoft; NVIDIA Corporation; OpenAI; Google Inc.; Qualcomm Technologies, Inc.; Synopsys, Inc.; Hugging Face; Datature; Apple Inc.; viso.ai; and V7Labs.

Polaris Market Research has segmented the vision transformers market report on the basis of offering, application, verticals, and region:

By Offering Outlook (Revenue - USD Million, 2019-2032)

Solution
Hardware
Software
Professional Services
Consulting
Deployment & Integration
Training, Support, & Maintenance

By Application Outlook (Revenue - USD Million, 2019-2032)

Image Classification
Image Captioning
Image Segmentation
Image Detection
Other

By Vertical Outlook (Revenue - USD Million, 2019-2032)

Retail & Ecommerce
Media & Entertainment
Automotive
Government & Defense
Healthcare & Life Sciences
Other

By Regional Outlook (Revenue - USD Million, 2019-2032)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM5114

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Vision Transformers Market Insights
4.1. Vision Transformers Market - Market Snapshot
4.2. Vision Transformers Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing popularity of AR and VR is driving the market.
  - 4.2.1.2. Growing adoption of autonomous vehicles propels the market
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High installation cost is hindering the vision transformers market growth.
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Vision Transformers Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Vision Transformers Market, by Offering
5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Vision Transformers Market, by Offering, 2019-2032 (USD million)
5.3. Solutions
- 5.3.1. Global Vision Transformers Market, by Solutions, by Hardware and Software, by Region, 2019-2032 (USD million)
5.4. Professional Services
- 5.4.1. Global Vision Transformers Market, by Professional Services, by Consulting, Deployment & Integration, and Training, Support, & Maintenance, by Region, 2019-2032 (USD million)
6. Global Vision Transformers Market, by Application
6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Vision Transformers Market, by Application, 2019-2032 (USD million)
6.3. Image Classification
- 6.3.1. Global Vision Transformers Market, by Image Classification, by Region, 2019-2032 (USD million)
6.4. Image Captioning
- 6.4.1. Global Vision Transformers Market, by Image Captioning, by Region, 2019-2032 (USD million)
6.5. Image Segmentation
- 6.5.1. Global Vision Transformers Market, by Image Segmentation, by Region, 2019-2032 (USD million)
6.6. Object Detection
- 6.6.1. Global Vision Transformers Market, by Object Detection, by Region, 2019-2032 (USD million)
6.7. Other
- 6.7.1. Global Vision Transformers Market, by Other, by Region, 2019-2032 (USD million)
7. Global Vision Transformers Market, by Vertical
7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Vision Transformers Market, by Vertical, 2019-2032 (USD million)
7.3. Retail & ecommerce
- 7.3.1. Global Vision Transformers Market, by Retail & ecommerce, by Region, 2019-2032 (USD million)
7.4. Media & Entertainment
- 7.4.1. Global Vision Transformers Market, by Media & Entertainment, by Region, 2019-2032 (USD million)
7.5. Automotive
- 7.5.1. Global Vision Transformers Market, by Automotive, by Region, 2019-2032 (USD million)
7.6. Government & Defense
- 7.6.1. Global Vision Transformers Market, by Government & Defense, by Region, 2019-2032 (USD million)
7.7. Healthcare & Life Sciences
- 7.7.1. Global Vision Transformers Market, by Healthcare & Life Sciences, by Region, 2019-2032 (USD million)
7.8. Other
- 7.8.1. Global Vision Transformers Market, by Other, by Region, 2019-2032 (USD million)
8. Global Vision Transformers Market, by Geography
8.1. Key Findings
8.2. Introduction
- 8.2.1. Vision Transformers Market Assessment, By Geography, 2019-2032 (USD million)
8.3. Vision Transformers Market - North America
- 8.3.1. North America: Vision Transformers Market, by Offering, 2019-2032 (USD million)
- 8.3.2. North America: Vision Transformers Market, by Application, 2019-2032 (USD million)
- 8.3.3. North America: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.3.4. Vision Transformers Market - U.S.
  - 8.3.4.1. US: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.3.4.2. US: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.3.4.3. US: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.3.5. Vision Transformers Market - Canada
  - 8.3.5.1. Canada: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.3.5.2. Canada: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.3.5.3. Canada: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
8.4. Vision Transformers Market - Europe
- 8.4.1. Europe: Vision Transformers Market, by Offering, 2019-2032 (USD million)
- 8.4.2. Europe: Vision Transformers Market, by Application, 2019-2032 (USD million)
- 8.4.3. Europe: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.4. Vision Transformers Market - UK
  - 8.4.4.1. UK: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.4.2. UK: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.4.3. UK: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.5. Vision Transformers Market - France
  - 8.4.5.1. France: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.5.2. France: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.5.3. France: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.6. Vision Transformers Market - Germany
  - 8.4.6.1. Germany: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.6.2. Germany: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.6.3. Germany: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.7. Vision Transformers Market - Italy
  - 8.4.7.1. Italy: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.7.2. Italy: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.7.3. Italy: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.8. Vision Transformers Market - Spain
  - 8.4.8.1. Spain: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.8.2. Spain: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.8.3. Spain: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.9. Vision Transformers Market - Netherlands
  - 8.4.9.1. Netherlands: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.9.2. Netherlands: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.9.3. Netherlands: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.10. Vision Transformers Market - Russia
  - 8.4.10.1. Russia: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.10.2. Russia: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.10.3. Russia: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.4.11. Vision Transformers Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.4.11.2. Rest of Europe: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.4.11.3. Rest of Europe: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
8.5. Vision Transformers Market - Asia Pacific
- 8.5.1. Asia Pacific: Vision Transformers Market, by Offering, 2019-2032 (USD million)
- 8.5.2. Asia Pacific: Vision Transformers Market, by Application, 2019-2032 (USD million)
- 8.5.3. Asia Pacific: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.4. Vision Transformers Market - China
  - 8.5.4.1. China: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.4.2. China: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.4.3. China: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.5. Vision Transformers Market - India
  - 8.5.5.1. India: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.5.2. India: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.5.3. India: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.6. Vision Transformers Market - Malaysia
  - 8.5.6.1. Malaysia: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.6.2. Malaysia: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.6.3. Malaysia: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.7. Vision Transformers Market - Japan
  - 8.5.7.1. Japan: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.7.2. Japan: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.7.3. Japan: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.8. Vision Transformers Market - Indonesia
  - 8.5.8.1. Indonesia: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.8.2. Indonesia: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.8.3. Indonesia: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.9. Vision Transformers Market - South Korea
  - 8.5.9.1. South Korea: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.9.2. South Korea: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.9.3. South Korea: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.10. Vision Transformers Market - Australia
  - 8.5.10.1. Australia: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.10.2. Australia: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.10.3. Australia: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.5.11. Vision Transformers Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.5.11.2. Rest of Asia Pacific: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.5.11.3. Rest of Asia Pacific: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
8.6. Vision Transformers Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Vision Transformers Market, by Offering, 2019-2032 (USD million)
- 8.6.2. Middle East & Africa: Vision Transformers Market, by Application, 2019-2032 (USD million)
- 8.6.3. Middle East & Africa: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.6.4. Vision Transformers Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.6.4.2. Saudi Arabia: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.6.4.3. Saudi Arabia: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.6.5. Vision Transformers Market - UAE
  - 8.6.5.1. UAE: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.6.5.2. UAE: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.6.5.3. UAE: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.6.6. Vision Transformers Market - Israel
  - 8.6.6.1. Israel: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.6.6.2. Israel: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.6.6.3. Israel: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.6.7. Vision Transformers Market - South Africa
  - 8.6.7.1. South Africa: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.6.7.2. South Africa: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.6.7.3. South Africa: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.6.8. Vision Transformers Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.6.8.2. Rest of Middle East & Africa: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.6.8.3. Rest of Middle East & Africa: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
8.7. Vision Transformers Market - Latin America
- 8.7.1. Latin America: Vision Transformers Market, by Offering, 2019-2032 (USD million)
- 8.7.2. Latin America: Vision Transformers Market, by Application, 2019-2032 (USD million)
- 8.7.3. Latin America: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.7.4. Vision Transformers Market - Mexico
  - 8.7.4.1. Mexico: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.7.4.2. Mexico: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.7.4.3. Mexico: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.7.5. Vision Transformers Market - Brazil
  - 8.7.5.1. Brazil: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.7.5.2. Brazil: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.7.5.3. Brazil: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.7.6. Vision Transformers Market - Argentina
  - 8.7.6.1. Argentina: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.7.6.2. Argentina: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.7.6.3. Argentina: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
- 8.7.7. Vision Transformers Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Vision Transformers Market, by Offering, 2019-2032 (USD million)
  - 8.7.7.2. Rest of Latin America: Vision Transformers Market, by Application, 2019-2032 (USD million)
  - 8.7.7.3. Rest of Latin America: Vision Transformers Market, by Vertical, 2019-2032 (USD million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Amazon Web Services, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Clarifai, Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Intel Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Microsoft
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. NVIDIA Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. OpenAI
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Google Inc.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Qualcomm Technologies, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Synopsys, Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Hugging Face
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Datature
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Apple Inc.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. viso.ai
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. V7Labs
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development