Latin America Computer Vision Market Size & Outlook
Latin America computer vision market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 832.8 million |
| Market revenue in 2030 | USD 2,972.8 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | NVIDIA 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.
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Computer Vision Market Scope
Computer Vision Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 2024. Horizon Databook has segmented the Latin America computer vision market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of computer vision market companies, investment firms, advisory firms & academic institutions.
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America computer vision market size, by country, 2018-2030 (US$M)
Latin America Computer Vision Market Outlook Share, 2024 & 2030 (US$M)
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