Latin America Computer Vision Market Size & Outlook

The computer vision market in Latin America is expected to reach a projected revenue of US$ 2,972.8 million by 2030. A compound annual growth rate of 19.9% is expected of Latin America computer vision market from 2024 to 2030.
Revenue, 2023 (US$M)
$832.8
Forecast, 2030 (US$M)
$2,972.8
CAGR, 2024 - 2030
19.9%
Report Coverage
Latin America

Latin America computer vision market highlights

  • The Latin America computer vision market generated a revenue of USD 832.8 million in 2023.
  • The market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 832.8 million
Market revenue in 2030USD 2,972.8 million
Growth rate19.9% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software
Key market players worldwideNVIDIA Corp, Microsoft Corp, Intel Corp, International Business Machines Corp, Alphabet Inc Class A, Basler AG, Tempus Resources Ltd Ordinary Shares, Icad Inc, SenseTime Group Inc Class B, AiCure, Arterys


Other key industry trends

  • In terms of revenue, Latin America region accounted for 5.0% of the global computer vision market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 2,448.2 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Computer Vision Market Companies

Name Profile # Employees HQ Website

Latin America computer vision market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to computer vision market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 72.89% in 2023. Horizon Databook has segmented the Latin America computer vision market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.


Reasons to subscribe to Latin America computer vision market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Latin America computer vision market databook

  • Our clientele includes a mix of computer vision market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America computer vision market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America computer vision market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Latin America computer vision market size, by country, 2017-2030 (US$M)

Latin America Computer Vision Market Outlook Share, 2023 & 2030 (US$M)

Latin America computer vision market size, by country, 2017-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more