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Group-IB reveals Hi-Tech Crime Trends 23/24: surge in ransomware against backdrop of growing AI, macOS threats

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SINGAPORE, Feb. 29, 2024 /PRNewswire/ — Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, is proud to announce the launch of its new report Hi-Tech Crime Trends 2023/2024, the latest edition of the company’s annual round-up of the most pressing global cyber threats to organizations and individuals. In the research, Group-IB analysts reveal how the unholy alliance between ransomware groups and Initial Access Brokers (IABs) is still the powerful engine for cybercriminal industry, evidenced by the 74% year-on-year increase in the number of companies that had their data uploaded on dedicated leak sites (DLS). Global threat actors also demonstrated increased interest in Apple platforms, exemplified by the fivefold increase in underground sales related to macOS information stealers.

The growing appetite of nation-state sponsored threat actors, also known as advanced persistent threat (APT) groups, has shown that no region is immune to cyber threats. Group-IB experts discovered a 70% increase in the number of public posts offering zero-day exploits for sale, and also identified cybercriminals’ malicious use of legitimate services and artificial intelligence (AI) infused technologies as the main cyber risks for 2024.

The first edition of Hi-Tech Crime Trends was launched 12 years ago, and the information contained in the report enables businesses, NGOs, governments, and law enforcement agencies around the world to fight cybercrime and help potential victims. For the first time, Hi-Tech Crime Trends includes a section outlining the intricate relationship between artificial intelligence (AI) and cybersecurity threats, outlining how this new technology is being leveraged by cybercriminals, including the misuse of large language models (LLM) such as ChatGPT, and the potential risks to corporate data through AI integration.

Nothing artificial about this threat

Threat actors have already shown how AI can help them develop malware only with a limited knowledge of programming languages, brainstorm new TTPs, compose convincing text to be used in social engineering attacks, and also increase their operational productivity.

Large language models (LLM) such as ChatGPT remain in widespread use, and Group-IB analysts have observed continued interest on underground forums in ChatGPT jailbreaking and specialized generative pre-trained transformer (GPT) development, looking for ways to bypass ChatGPT’s security controls. Group-IB experts have also noticed how, since mid-2023, four ChatGPT-style tools have been developed for the purpose of assisting cybercriminal activity: WolfGPT, DarkBARD, FraudGPT, and WormGPT – all with different functionalities.

FraudGPT and WormGPT are highly discussed tools on underground forums and Telegram channels, tailored for social engineering and phishing. Conversely, tools like WolfGPT, focusing on code or exploits, are less popular due to training complexities and usability issues. Yet, their advancement poses risks for sophisticated attacks.

Group-IB’s Hi-Tech Crime Trends 2023/2024 also highlighted the sale of compromised ChatGPT credentials on the dark web, building upon past research. With more employees relying on ChatGPT for work optimization and its storage of past interactions, compromised logins could expose sensitive information, posing significant security risks for businesses.

From January 2023 to October 2023, Group-IB detected more than 225,000 logs up for sale on the dark web containing compromised ChatGPT credentials. Group-IB’s Threat Intelligence platform found these compromised credentials within the logs of information-stealing malware traded on illicit dark web marketplaces.

Notably, the number of compromised hosts with access to ChatGPT detected by Threat Intelligence between June 2023 and October 2023 was more than 130,000, an increase of 36% compared to the preceding five-month period (January-May 2023). The number of available logs containing ChatGPT logs peaked in the final month of the study – in October 2023 – when 33,080 were registered. Group-IB’s analysis found that the majority of the logs containing ChatGPT accounts were breached by the LummaC2 information stealer.

Double trouble: ransomware gangs and initial access brokers wreak havoc

Group-IB’s Threat Intelligence unit constantly monitors all ransomware activity and detected 4,583 companies that had their information, files, and data published on ransomware DLSs in 2023. This marks a growth of 74% compared to the previous year, when 2,629 such posts were made. Group-IB researchers note that the number of total ransomware attacks worldwide is likely to be much larger, with probable instances of organizations paying the ransom or groups deciding not to go ahead with their threat of publishing data on a DLS.

Companies based in North America most commonly appeared in the DLS posts of ransomware groups, accounting for 2,487 (or 54%) of the annual total, and more than double the corresponding figure in 2022 (1,192 companies). Roughly 26% of posts on ransomware DLSs related to companies from Europe (1,186, up 52% YoY) and 10% were from the APAC region (463, up 39% YoY).

The United States was the most common target for ransomware groups, as 1,060 US-based companies were the subject of ransomware DLS posts in 2023. The next most affected countries were Germany (129), Canada (115), France (103), and Italy (100). 

In terms of affected industries, attacks as per ransomware DLS on manufacturing (580 instances) and real estate (429) companies rose year-on-year by 125% and 165%, respectively, and these key sectors were the two most targeted worldwide. Notably, Group-IB observed a 88% year-on-year increase in ransomware DLS posts related to healthcare companies, and a 65% rise in posts concerning government and military organizations.

Throughout the reporting period, Group-IB experts uncovered 27 new advertisements for ransomware-as-a-service programs on dark web forums, including well-known groups such as Qilin, as well as other collectives that have yet to be seen in the wild. As was the case in 2022, LockBit was 2023’s most prominent ransomware-as-a-service group with 1,079 posts on its DLS (24% of the annual total). In second place was BlackCat with 427 posts (9% of annual total) and third was Clop (385 posts or 9%).

Researchers also found that Initial Access Brokers (IABs) are continuing to play a significant role in the ransomware market. In 2023, they found 2,675 instances of corporate put up for sale – almost an identical figure compared with 2022, when 2,702 offers were found.

Notably, Group-IB data shows that the average price for corporate access in 2023 was $2,470, which represents a 27% reduction compared to the preceding year. Group-IB analysts believe that this drop in average price is due to a rise in the number of new sellers entering the market that have lowered the price of their offers in order to attract buyers.

Companies in the United States (29%), the United Kingdom (4%) and Brazil (4%) were the most commonly featured in IAB offers. Professional services, government and military organizations, financial services, manufacturing, and real estate were the verticals that appeared most frequently.

APTitude test

Group-IB researchers discovered that the Asia-Pacific region was the world’s main battleground for nation-state sponsored threat actors, also known as advanced persistent threat (APT) groups last year. In sum, Group-IB attributed 523 attacks to nation-state actors across the globe in 2023.

Attacks on APAC organizations accounted for 34% of the global total, with Group-IB experts asserting that this may be due to the high level of financial technology development in this global economic hub in addition to geopolitical tensions. Europe was the second-most targeted region, accounting for 22% of all APT attacks, and the Middle East and Africa (MEA) was third (16% of APT attacks in 2023).

Unsurprisingly, government and military entities were the prime target of APT attacks in 2023, accounting for 28% of the annual figure. This strengthens the theory of Group-IB’s Threat Intelligence unit that APT actors are predominantly striving to gain access to strategically important evidence and weaken government entities in their country or region of target. Financial services (6%), telecommunications (5%), manufacturing, IT and media (all 4%) were also heavily affected, Group-IB researchers found.

In the past year, prominent APT groups, including the North Korean collective Lazarus, launched new tactics. Lazarus executed the first-ever double supply chain attack, exploiting a vulnerability in X_TRADER, a software by Trading Technologies. This allowed access to the network of the widely-used 3CX Desktop App for VoIP calls, compromising a wide range of 3CX clients. Group-IB researchers also noted APT groups’ ongoing malicious use of legitimate services like Dropbox, OneDrive, Google Drive, and messengers like Telegram.

Turbulence ahead

In 2023, cyber threats shifted focus from Windows and Android to Apple platforms due to their rising popularity and market share, with iOS becoming increasingly targeted. Malware spread through the App Store, alongside increased use of Apple cloud services, contributed to this trend. By March 6, 2024, Apple is expected to allow third-party app stores for iOS apps in Europe, posing security concerns amidst 1.7 million app rejections in 2022. Threat actors have already adapted Android schemes to iOS, exemplified by GoldFactory and the GoldPickaxe.iOS malware – аctive in Thailand and Vietnam – which prompts victims to record videos of their faces and submit them to the threat actors, which could be used by the latter to gain unauthorized access to the victim’s banking accounts. Additionally, the number of sales posts on the most popular underground forums (xss[.]is and exploit[.]in) for information stealers designed to operate on macOS increased fivefold in 2023, from 8 in 2022 to 49.

Javascript sniffers, also known as malicious JavaScript code implanted in compromised websites designed to intercept payment card details from customers who make online transactions, are also likely to pose a risk to online store owners, consumers, and banks in 2024. Group-IB researchers discovered 5,037 websites compromised with JS-sniffers in 2023, of which 2,474 were unique. A total of 14 new JS-sniffer families were also discovered in 2023, highlighting the continued development of this threat.

“As highlighted by Group-IB’s Hi-Tech Crime Trends 2023/2024 report, the rise of AI in both legitimate businesses and the cybercriminal underworld was a critical trend of 2023. With the increased misuse of ChatGPT and the development of underground LLM tools, the potential for sophisticated attacks has escalated, compounded by the alarming surge in compromised ChatGPT credentials. This along with cybercriminals’ increased interest in malware designed for macOS demonstrates that it is imperative for organizations to recognize and address this evolving threat landscape, safeguarding sensitive information and fortifying cybersecurity measures to mitigate risks posed by AI-driven cybercrime,” Dmitry Volkov, CEO at Group-IB, said.

A full round-up of the top global threats and invaluable insights from the Group-IB Threat Intelligence unit can be found in the full Hi-Tech Crime Trends 2023/2024 report.

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SOURCE Group-IB

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Technology

Pro AV Market to Grow by USD 180.6 Million (2025-2029), Increased Digital Signage Usage Drives Growth, AI-Driven Market Transformation – Technavio

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January 3, 2025

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global pro AV market size is estimated to grow by USD 180.6 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.4% during the forecast period. Increased use of digital signage is driving market growth, with a trend towards training for pro av equipment. However, increased emphasis on one-on-one learning poses a challenge. Key market players include Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Pro AV Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.4%

Market growth 2025-2029

USD 180.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, UK, Canada, Japan, India, South Korea, Germany, France, and Italy

Key companies profiled

Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc.

Market Driver

Pro Av Market: Trends Shaping the Future of Audio-Visual Technologies The Pro Av market is experiencing significant growth, driven by trends that prioritize immersive experiences for audiences in various sectors. Professional-grade equipment, including projectors, sound systems, video conferencing solutions, control systems, and interactive displays, are increasingly being adopted for conferences, concerts, corporate events, and even retail stores. AR applications, VR simulations, and UCC Solutions are revolutionizing customer engagement and employee training. The education sector is embracing classrooms, remote learning, and simulation training. Small businesses and global enterprises alike are investing in Pro Av solutions to enhance security, networked devices, and real-time dashboards. The corporate, entertainment, and government sectors are leveraging 4K and 8K video technologies, audio systems, and wireless technology for their venues and events. AI integration, IoT sensors, and display technologies like OLED and LED video walls are transforming public spaces, transportation hubs, and office spaces. Remote working, e-learning practices, and hybrid workspaces are driving demand for high-definition audio-visual technologies. Direct sales, distributors, and e-commerce platforms cater to home use and commercial applications. The Pro Av market encompasses Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and more. Security risks, such as data breaches, malware, and unauthorized access, necessitate AV systems design by integration firms and program management. The market serves various industries, including education, government, hospitality, consulting, and B2B/B2C sectors. 

Pro AV equipment vendors, including Seiko Epson, provide training programs for users to enhance their expertise in the latest AV technology. Epson’s Pro AV Academy is an example, catering to engineers, operators, and sales personnel. This initiative aims to equip AV professionals with comprehensive knowledge of Epson’s AV solutions and their application across various sectors such as events and retail, education, and business. The academy offers training in arranging, maintaining, operating, and marketing these technologies within the pro AV rental sector. 

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Market Challenges

Pro Av Market: Overcoming Challenges in Audiences, Experiences, and Technology The Pro Av market faces various challenges in delivering engaging experiences with professional-grade equipment for diverse sectors. These sectors include conferences, concerts, corporate events, education, telemedicine, retail stores, and more. Immersive experiences require advanced AV solutions like projectors, sound systems, video conferencing solutions, control systems, and interactive displays. Integrating AR applications, VR simulations, UCC Solutions, IoT sensors, AI, and 4K/8K video technologies pose complexities. Small businesses face security risks from networked devices, data breaches, malware, and unauthorized access. AV systems design, integration, and program management require expertise. Real-time dashboards, wireless technology, and IoT integration add to the complexity. The corporate, entertainment, government, and education sectors demand high-definition video and audio technologies, interactive whiteboards, high-definition projectors, and direct sales or distribution channels. Home use, commercial, and B2B/B2C markets also require tailored solutions. Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and Corp Venues and Events all contribute to the Pro Av market’s growth. Challenges include supply chain management, social media, online streaming platforms, digital marketing, and hybrid workspaces. In conclusion, the Pro Av market must address these challenges to provide experiences, professional-grade equipment, and customized solutions for various sectors while ensuring security and integration of advanced technologies like AI, IoT, and 4K/8K video technologies.The shift towards one-on-one learning and homeschooling will affect the demand for document cameras in the education sector. One-on-one learning is a teaching technique that provides individual attention to students, enabling them to learn effectively at their own pace. With the increasing use of laptops and tablets for this methodology, the need for document cameras may decrease. This trend is expected to continue during the forecast period, potentially reducing the market size for document cameras in education.

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Segment Overview

This pro av market report extensively covers market segmentation by 

Type 1.1 Products1.2 ServicesIndustry Application2.1 Entertainment2.2 Hospitality2.3 Retail2.4 Corporate2.5 TransportationGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Products- The Pro AV market is driven by the growth of the display sector, specifically digital signage. Digital signage utilizes wide, bright digital screens, such as LCD or plasma displays, for delivering videos, web content, images, and texts in various public and private environments. This technology is popular in retail, corporate settings, medical facilities, schools, libraries, transportation hubs, and the hospitality industry for information-sharing, advertising, and marketing purposes. Display control is primarily managed by PCs and servers using proprietary and public-domain software. The display sector continues to dominate the Pro AV market due to its advantages, including frequent updates, effective communication, power efficiency, and eco-friendliness. The global Pro AV market by projectors is also expected to grow, driven by their increasing use in education, corporate, hospitality, healthcare, and government sectors for video displays and presentations. Sound reinforcement systems, which enhance the loudness of pre-recorded or live music, will witness growth due to the rising number of live events and concerts. However, the conferencing segment may experience slow growth due to the shift towards software-driven, cost-effective solutions and the increasing popularity of virtual conferences. The “Others” segment, including room management, control systems, and IP distribution, is expected to decline due to the growing demand for displays and sound reinforcement systems.

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Research Analysis

The Pro Av market caters to the education industry, providing audiences with experiences through professional-grade equipment. This includes projectors delivering crystal-clear 4K and 8K video technologies, and sound systems with audio systems and wireless technology for larger venues like concert halls and corporate events. Video conferencing solutions enable seamless communication, while capture and production equipment allows for high-quality content creation. Professional Video and Professional Audio equipment are essential for various sectors, including government and public spaces, where large-scale video displays and powerful sound systems create impact. E-learning practices also benefit from these technologies, enhancing the learning experience. IoT integration and signal processors ensure efficient and effective use of equipment, while power amplifiers and microphones deliver clear, powerful sound. Pro Speakers and sound mixers provide customizable audio experiences for various applications. The market continues to evolve, with innovations in video projection, capture and production, and audio systems driving growth.

Market Research Overview

The Pro Av Market encompasses a wide range of audio-visual (AV) technologies designed for audiences seeking experiences. These solutions include professional-grade equipment such as projectors, sound systems, video conferencing solutions, control systems, and more. The market caters to various sectors, including corporate events, concerts, education, retail stores, and government offices. Technologies like AR applications, VR simulations, UCC Solutions, and IoT sensors are increasingly popular. AI integration is also a key trend, enhancing customer engagement, employee training, and security. AV systems design is crucial, with integration firms providing program management and real-time dashboard solutions. The market serves diverse industries, including the corporate, entertainment, and government sectors, as well as public spaces, remote working environments, and educational institutions. Technologies like 4K and 8K video, audio systems, and wireless technology are driving innovation. Key applications include video displays, capture and production, video projection, microphones, pro speakers, sound mixers, signal processors, and power amplifiers. The market caters to various sectors, including B2B and B2C, offline and online, and commercial and home use. Security risks, such as data breaches, malware, and unauthorized access, are significant concerns, necessitating security measures. The market also offers solutions for small businesses and e-learning practices. AV technologies continue to evolve, with advancements in display technologies, such as OLED displays and LED video walls, and audio technologies, like sound systems and high-definition audio processing. Interactive whiteboards and high-definition projectors are also popular. The market serves various industries, including transportation, hospitality, consulting, e-commerce, and more. Social media and online streaming platforms are increasingly utilizing AV technologies for digital marketing and hybrid workspaces. The market also caters to exhibits, collaborative classrooms, retail spaces, transportation hubs, office spaces, and OEM and electronics stores. Global enterprises, live performances, commercial real estate, music markets, supply chain management, and government offices are among the key sectors benefiting from AV technologies. The market continues to innovate, with advancements in AI integration and IoT integration driving growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeProductsServicesIndustry ApplicationEntertainmentHospitalityRetailCorporateTransportationGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Satellite-Based Earth Observation Market size to increase by USD 9.66 Billion between 2024 to 2029, Market Segmentation by Application, Type, Geography, Technavio

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24 minutes ago

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January 3, 2025

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — The global satellite-based earth observation market size is estimated to grow by USD 9.66 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of over 12% during the forecast period. The report provides a comprehensive forecast of key segments below-

Segmentation Overview

Application 1.1 Defense1.2 Weather1.3 LBS1.4 Energy1.5 OthersType 2.1 VAS2.2 DataGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

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1.1 Fastest growing segment:

The defense segment held a substantial share in the global satellite-based Earth observation market in 2023. This trend is attributed to increasing defense spending on satellite technologies for surveillance, security, and intelligence purposes by emerging nations like China, India, and Russia. In September 2022, Airbus SE secured 15-year contracts with the Czech Republic and Netherlands defense ministries to provide satellite communications. The Czech Republic and Netherlands armed forces will utilize two and three channels, respectively, of Airbus’ UHF military communications hosted payload on EUTELSAT 36D. Launch scheduled for 2024, such agreements strengthen civil contractors’ presence in the military domain. The defense segment is projected to witness growth through hybrid procurement, combining public-private partnerships and proprietary application/data purchase framework contracts, due to budgetary constraints, low utilization rates, and industry competitiveness enhancement.

Analyst Review

The Satellite-based Earth Observation market is a dynamic and growing industry that provides valuable insights and data about the Earth through various applications. This market caters to diverse sectors including Defense, Border monitoring, Disaster management, Military missions, and Civil engineering & construction. High-resolution imaging services are essential for Defense & intelligence, Agriculture & forestry, Transportation, Real estate, and Urban planning. Big data technology plays a crucial role in processing and analyzing vast amounts of satellite imagery. Reusable rockets and alternative earth observation methods like high-altitude balloons, Unmanned Aerial Vehicles (UAVs), and drones are also gaining popularity. The market encompasses Telecommunication services, Space economy, Commercial space activities, and the Private spaceflight industry. Satellite imagery is used for various purposes such as Infrastructure security, Homeland security, Border mapping, and Infrastructure development.

Market Overview

The Satellite-based Earth Observation market encompasses various applications including defense sector, border monitoring, disaster management, military missions, and civil engineering construction. Big data technology plays a crucial role in processing high-resolution imagery for defense & intelligence, agriculture & forestry, transportation, real estate, and urban planning. Reusable rockets and high-altitude balloons are transforming the space economy, enabling commercial space activities and private spaceflight industry. Telecommunication services and satellite imagery are essential for government sector initiatives, smart city development, and infrastructure security. Earth-imaging satellites provide valuable data sources for meteorology, cartography, ocean salinity, ice thickness, agricultural health, air quality, and natural resource management. Technological capabilities include high-resolution cameras, remote sensing technology, and satellite analytics. Market growth is driven by the need for natural catastrophe prevention, climate change mitigation, and scientific research and development. However, market restraints include highly trained workers, encrypted data security, big data management, launch costs, and satellite production. Startups and global corporations are investing in satellite imagery, orbits, and data sources to address various industries and applications. Satellogic, GeoterraImage, Imagesat International, MDA Corporation, Planet Labs, and others are leading the way in satellite innovation. Non-military purposes include environmental monitoring, weather occurrences, and open-source data. Space programs and urban development are also significant markets for satellite-based Earth observation.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Machine Vision (MV) Camera Market size to increase by USD 2.02 Billion between 2024 to 2029, Market Segmentation by Platform, Type, Geography, Technavio

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24 minutes ago

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January 3, 2025

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — The global machine vision (mv) camera market size is estimated to grow by USD 2.02 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of over 9.9% during the forecast period. The report provides a comprehensive forecast of key segments below-

Segmentation Overview

Platform 1.1 PC based camera1.2 Smart camera1.3 Wireless camera1.4 Wearable cameraType 2.1 Line scan2.2 Area scan2.3 3D scan camerasGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

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1.1 Fastest growing segment:

PC-based machine vision systems offer flexible interfacing with direct-connect cameras or image acquisition boards, and are backed by configurable application software. These systems boast efficient processing power, enabling them to handle complex operations swiftly. The broader range of capabilities allows PC systems to compensate for unexpected variables in tasks. In August 2020, Omron Automation Americas introduced a new machine vision solutions package for PC-based systems. The FJ2 cameras boast advanced CMOS sensors, frame rates of up to 282 FPS, and resolutions from 0.4 MP to 5 MP in monochrome and color versions. This new product launch is expected to bolster market growth during the forecast period.

Analyst Review

Machine Vision (MV) cameras are advanced imaging devices designed to process and analyze visual information in real-time. They are essential components of machine vision systems used in various industries for position guidance, measurement, and pattern recognition. MV cameras come in different types, including smart cameras, wireless cameras, wearable cameras, parking cameras, CMS cameras, SVS cameras, barcode scanners, 3D imaging cameras, and line scan cameras. Each type caters to specific applications. Lens type is another crucial factor, with wide-angle lenses providing a broader field of view and normal lenses offering a more standard perspective. MV cameras are integrated into handheld systems, robotic systems, and production lines to enhance automation and improve product quality.

Market Overview

Machine Vision (MV) cameras, also known as machine vision cameras, are advanced imaging devices designed for automating industrial processes through position guidance, measurement, identification, and pattern recognition. They employ imagerecognition algorithms to analyze data from digital sensors and provide solutions for industries such as manufacturing, aerospace, transportation, and agriculture. MV cameras come in various forms, including smart cameras, PC-based cameras, wireless cameras, wearable cameras, and more. Advanced manufacturing industries, including smart factories and automated production lines, heavily utilize MV cameras for quality assurance, inspection, and automation. Applications range from microscopy and barcode scanning to 3D modeling and autonomous vehicle parking cameras. Strategic partnerships and the adoption of AI and machine learning technologies continue to drive innovation in the MV camera market. MV cameras are available in various types, including smart camera-based systems, advanced manufacturing solutions, and specialized applications like line scan cameras, 3D imaging cameras, and UAV-based inspections. Lens types, such as wideangle, normal, telephoto, and wide area lenses, cater to different use cases. With a compact footprint and high production capacity, MV cameras are essential tools for industrial operations and quality tests, enabling the identification of components and ensuring efficient, accurate, and consistent manufacturing processes.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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