Computer Vision - South Korea | Statista Market Forecast

The market size in the Computer Vision market is projected to reach US$513.06m in 2025.
The market size is expected to show an annual growth rate (CAGR 2025-2030) of 9.91%, resulting in a market volume of US$822.97m by 2030.
In global comparison, the largest market size will be United States (US$7.80bn in 2025).

Definition:
Computer vision is a field of artificial intelligence that focuses on enabling computers to understand and interpret visual information from digital images or videos. It involves the development of algorithms and models that can extract meaningful insights from visual data, such as identifying objects in images (image recognition), converting spoken language into written text (speech recognition), and analyzing unique facial features for identification (facial recognition). By mimicking human vision and perception, computer vision technology enables machines to comprehend and analyze visual content. This technology is applicable to a wide range of industries.

Structure:
The Computer Vision market has three markets. The Speech Recognition market covers the analysis and interpretation of human speech. The Image Recognition market covers the analysis and interpretation of digital images using computer vision, and the Facial Recognition covers the analysis and interpretation of human faces in digital images and/or videos.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players of the market include companies such as Nvidia, Intel, and IBM.

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Applications of computer vision to enable machines to interpret and analyze visual data, such as image and video recognition, autonomous vehicles, and medical imaging.

Non-artificial intelligence applications of computer vision, such as video processing and editing, which do not involve machine learning or pattern recognition.

Artificial Intelligence: in-depth market analysis

The computer vision market within the artificial intelligence market in South Korea is experiencing steady growth, influenced by factors such as the increasing use of digital technologies, growing awareness about health, and the convenience of online health services. The market's mild growth rate may be impacted by factors such as government regulations and the integration of computer vision in various industries.

Customer preferences: With the rise of smart homes and the Internet of Things, consumers in South Korea are increasingly adopting computer vision technology to enhance their daily lives. This includes using facial recognition for security and access control, as well as implementing smart cameras for home automation and monitoring. Additionally, with the increasing popularity of e-commerce, computer vision is being utilized for product recommendations and virtual try-on services, catering to the growing demand for personalized and convenient shopping experiences.

Trends in the market: In South Korea, the Computer Vision Market within the Artificial Intelligence Market is experiencing a surge in demand for facial recognition technology in various industries, such as banking and retail. Additionally, there is a growing trend of using computer vision for surveillance and security purposes. This trend is expected to continue as the government has announced plans to invest heavily in AI and related technologies. This trajectory is significant as it highlights the country's commitment to incorporating AI into various sectors and could have implications for industry stakeholders, such as increased adoption of AI-based solutions and potential partnerships with local companies.

Local special circumstances: In South Korea, the Computer Vision market is thriving due to the country's advanced technology infrastructure, high internet penetration, and strong government support for artificial intelligence development. Additionally, South Korea's unique cultural emphasis on education and innovation has led to a highly skilled workforce in the field of computer vision. This, coupled with the country's strict regulatory framework for data privacy and security, has created a favorable environment for the growth of the Computer Vision market within the Artificial Intelligence market.

Underlying macroeconomic factors: The Computer Vision Market within the Artificial Intelligence Market in South Korea is heavily influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in research and development. South Korea's strong economic growth and favorable regulatory environment have fostered a thriving technology sector, leading to rapid advancements in computer vision technology. Additionally, the country's aging population and increasing demand for automation in various industries have also contributed to the growth of the computer vision market. Furthermore, South Korea's robust investment in research and development, particularly in the field of artificial intelligence, has created a favorable environment for the growth of the computer vision market.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Gartner				154.5	187.41			404.4
IDC	84.3			1,149.9	1,350
Imarc group					212.7						1,051.2
Omdia	30.3	44.07	67.77	104.61	153.81	212.82	283.23	378
Statista			325.23	682.95	404.67	725.37	917.82	1,110.51	1,337.94	1,533.96	1,754.52	1,978.59	2,216.31

Computer Vision - South Korea

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