NEW YORK, Oct. 8, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global machine vision (mv) market  size is estimated to grow by USD 8.94 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.87%  during the forecast period.  Significant cost savings in operation due to process control is driving market growth, with a trend towards increasing incorporation of thermal inspection in machine vision systems. However, intense competition among machine vision vendors  poses a challenge. Key market players include Adimec Advanced Image Systems bv, ADLINK Technology Inc., Advantech Co. Ltd., AFRY AB, Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, DATASENSOR India PVT. LTD., Industrial Vision Systems Ltd., Intel Corp., iX Cameras Ltd, JAI AS, Keyence Corp., OMRON Corp., Optronis GmbH, Sony Group Corp., Teledyne Technologies Inc., TKH Group NV, and Toshiba Corp..

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Key Market Trends Fueling Growth

Machine vision market has witnessed significant advancements in 2D and 3D imaging technologies. Thermal inspection, a type of infrared imaging, has experienced notable improvements. Thermal inspection provides valuable data through infrared imaging science. With expanding product portfolios, machine vision vendors introduce thermal imaging, despite its high cost and weight. Thermal inspections offer Ethernet and camera links, aligning with machine vision conventions. This integration of thermal inspection into machine vision systems is projected to positively impact the global market, as it enhances capabilities and broadens applications. 

The Machine Vision (MV) market is thriving with trends like object detection, pattern recognition, and precision taking center stage. Businesses are leveraging MV for product inspection and quality control, ensuring product consistency, integrity, and safety. Operational efficiency is a key focus, with MV solutions streamlining production processes and enhancing productivity. Real-time decision-making is made possible through MV systems, enabling operational practices to adapt quickly. MV is not just for manufacturing but also finds applications in agriculture and vehicle assembly. Advanced technologies like AI, robotics, and compact solutions are driving innovation. The market caters to various industries, offering cost-effective, automated inspection systems and software components. Tablets and smart camera-based systems make MV accessible to all. Despite complexities, MV solutions deliver on safety, asset utilization, and process control, making them an essential part of modern production lines. MV’s role extends beyond inspection, with applications in robot guidance and autonomous vehicles. It’s about ensuring assembly accuracy, maintaining safety standards, and enhancing product quality. The market offers various software and hardware solutions, catering to diverse industries and application sites. Skilled professionals are in demand to install, maintain, and optimize these systems. From cracks in welds to missing parts, MV solutions provide the accuracy and reliability businesses need. 

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Market Challenges

The machine vision market experiences intense competition due to an influx of vendors offering similar equipment and systems. Price wars have ensued, narrowing profit margins. End-users’ expectations are escalating, fueled by rapid technological advancements from standard cameras to smart cameras. Additionally, the availability of affordable equipment increases competition, potentially challenging the market’s growth during the forecast period. Vendors must differentiate themselves through innovation and value-added services to maintain a competitive edge.The Machine Vision (MV) market is experiencing significant growth due to increasing automation and data-driven decision-making in various industries. Key application sites include Manufacturing factories, Food & Packaging industry, and Healthcare. Challenges such as defect detection and identification in Agriculture and Autonomous vehicles are being addressed through advanced AI and analysis techniques. MV systems enable automated inspection systems, improving assembly accuracy, asset utilization, and customer satisfaction. Cost-effective, compact solutions are essential for general deployment. Complexities like cracks in welds and labeling precision are tackled with cutting-edge technologies like deep learning capabilities. Components such as cameras, frame grabbers, and lighting play a crucial role. Industry regulations and support are essential for widespread adoption. The MV ecosystem includes hardware, integration of components, and IoT, aiming for efficiency and labor efficiency. The market continues to grow, driven by the need for higher quality, less downtime, and improved efficiency.

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Segment Overview 

This machine vision (mv) market report extensively covers market segmentation by

End-user 1.1 Industrial1.2 Non-industrialType 2.1 Vision system2.2 Cameras2.3 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Industrial-  The Machine Vision (MV) market refers to the use of computers to analyze and interpret visual information from the physical world. This technology is essential in various industries, including manufacturing, healthcare, and automotive, for tasks like quality control, defect detection, and assembly. Companies invest in MV systems to increase efficiency, reduce errors, and improve product quality. The market is expected to grow due to advancements in AI and machine learning, which enhance the capabilities of MV systems.

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Research Analysis

The Machine Vision (Mv) market is a dynamic and growing industry that leverages AI, analysis techniques, and automated inspection systems to enhance efficiency and accuracy in various application sites, including Agriculture and the Food & Packaging industry. Mv systems utilize cameras, frame grabbers, and deep learning capabilities to identify and analyze defects, ensuring asset utilization and reducing downtime. Compact solutions are increasingly popular for their cost-effective and autonomous capabilities, addressing complexities in automation and labor efficiency. IoT integration further enhances the potential of Mv systems, enabling real-time data analysis and improving overall performance.

Market Research Overview

The Machine Vision (Mv) market encompasses cutting-edge technologies and applications in various industries, including Agriculture, Food & Packaging, Manufacturing, Healthcare, and Autonomous Vehicles. Mv systems utilize AI, analysis techniques, and image processing for defect detection, identification, and analysis. These systems offer increased efficiency, asset utilization, and operational practices through automated inspection systems, robot guidance, and real-time decision-making. Mv components include cameras, frame grabbers, optics, lighting, and software, which must be integrated for optimal performance. Complexities such as industry regulations, safety standards, and data-driven decision-making require skilled professionals and cost-effective, compact solutions. Mv applications include object detection, pattern recognition, and labeling accuracy, contributing to product consistency, product quality, and customer satisfaction. Mv systems are essential for industries with high production lines and processes, such as manufacturing factories, where downtime and missing parts can significantly impact operational efficiency and product integrity. The Mv market continues to evolve with the integration of IoT, deep learning capabilities, and industry support, offering a machine vision ecosystem for various application sites.

Table of Contents:

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

End-userIndustrialNon-industrialTypeVision SystemCamerasOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

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

Frostmire will introduce players to a brand new snowy locale, rife with new dungeons and lore, as well as two new Legendary Guardians to add to their rosters

SYDNEY, Oct. 8, 2024 /PRNewswire/ — Guild of Guardians (GOG) today announced the upcoming launch of Frostmire, a new expansion that will bring players into a snowy environment and introduce two Legendary Guardians. Set to go live on October 16th, Frostmire is the largest GOG update since its launch, and will introduce brand new gameplay elements and narrative elements as players explore Frostmire in Adventure mode and unlock new high tier equipment that will provide key benefits during battles.

Frostmire brings a new location for GOG faithful to explore, with snow swept mountain peaks and frozen plains that are rife with new lore and further expand upon the game’s main story as players seek the remaining Places of Power. Commanders will lead their Guardians on a pilgrimage to Wellspring, a place of ancient wisdom in the frozen wastes, uncovering the tragic and heroic tales of ancestors connected to one of the new heroes joining the fight against The Dread.

“We want each GOG expansion to have a narratively compelling story that drives players to want to learn more about this world,” said Chris Clay, Guild of Guardians Game Director. “Frostmire delivers a rich new location for players to explore, challenge their skills, and conquer, with new Guardians to help anchor the story and take Commanders along for the ride.”

Guild of Guardians Creative Designer, Ella Lowgren notes, “We wanted to show a new environment that stands in contrast to the lands that have been explored before, so this time the Commander and their Guardians are making their way to Stormkeep, which rests at the top of the tallest mountain in Frostmire. We used a different colour palette for this realm than has been used before, and the music also reflects the land in a whimsical way. With new enemies and surprises to be found in Frostmire, we can’t wait for players to check it out and let us know what they think.”

The two newest additions to the GOG lineup – Lisca and Dolvir – will unlock new gameplay options as players explore the frozen dungeons of the new setting, providing unique abilities alongside their teammates. Dolvir, a Legendary warrior-style guardian known by many as “Earth’s Fury”, will allow players to add a powerful offense-based Guardian to their lineups with a distinct link to the natural world. The second new Legendary addition to the cast, Lisca, is a prolific hunter who grew up in Frostmire, bringing new ranged combat options to player’s team lineups with a witty sense of humor and love of sweet treats.

“We’re excited for players to get to add these new Guardians to their lineups and test out the new synergies they bring to the squad,” continued Clay. “Alongside our new Guardians, players will also get the chance to craft new high tier equipment, helping to stack the odds in their favor for their next big adventure.”

The expansion will introduce Level 7 equipment and gear that can be used to outfit Guardians to provide additional benefits during gameplay and strengthen players’ squads.

Frostmire will officially launch globally on October 16th and unlock the new Guardians Lisca and Dolvir for players to purchase or summon through the Altar of Sacrifice.

GOG has seen impressive growth since its launch in May, approaching 1 million downloads of the game and showing an impressive 250,000 monthly active users, outperforming other similar mobile titles. The game has also seen over $500,000 in rewards distributed through the Immutable Rewards program and continues to lead the web3 gaming industry as a key success factor for the sector.

For more information about GOG, including details about Frostmire, please visit: https://www.guildofguardians.com/

Join the GOG community for additional updates and news on Discord, Twitter, Instagram and Facebook to keep up with the latest updates.

About Immutable Games

Immutable Games is a global leader in web3 game development and publishing, backed by a world-class team who have proven track records of bringing games to millions of players. As the gaming-focused arm of Immutable, the leading web3 gaming company, Immutable Games has pioneered the world’s first blockbuster NFT trading-card game Gods Unchained and recently launched the highly anticipated mobile RPG Guild of Guardians.

Alongside its own high-quality titles, Immutable Games partners with third-party game developers to provide them with best-in-class strategy and execution expertise aimed at ensuring the success of every web3 game deployed within the Immutable ecosystem.

Immutable Games is guided by its mission to redefine gaming for generations to come, by developing innovative and engaging experiences that empower players with true ownership, value, and creative expression.

For more information, please visit: https://www.immutable.com/games-studio

Join the Immutable community on Discord, Reddit, Twitter, Instagram, Telegram and Youtube

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SOURCE Immutable Games Studio

PHOENIX, Oct. 10, 2024 /PRNewswire/ — GlobalMed, the leader in telehealth and medical technology, has announced its commitment to support the states impacted by Hurricane Helene by donating vital telehealth services and software. The donations are earmarked for state entities and non-profit organizations involved in disaster recovery efforts.

In response to the recent natural disaster, GlobalMed will be providing telehealth hardware and software to ensure uninterrupted medical care for affected communities. The company will also deploy specialized teams to assist with the installation and training of these products, ensuring that healthcare providers can effectively utilize the new technology.

GlobalMed recognizes the critical need for accessible healthcare in the aftermath of natural disasters. By donating our advanced telehealth solutions, we aim to empower healthcare professionals to deliver timely and effective care to those impacted by Hurricane Helene.

The donation includes GlobalMed’s cutting-edge virtual care software, ruggedized hardware, and medical peripheral devices designed to read vitals and collect patient data virtually. This mobile solution can enable healthcare providers to reach patients in remote or damaged areas, ensuring they receive the essential medical attention they need during the recovery process.

About GlobalMed

GlobalMed is a leading provider of telehealth solutions and medical technology. Headquartered in Scottsdale, AZ, the company is dedicated to improving access to healthcare through innovative technology. GlobalMed’s solutions are used worldwide by healthcare providers, governments, and corporate entities to deliver care to patients in diverse settings. To learn more about GlobalMed, please visit: https://www.globalmed.com.

CONTACT: Sam Tusha, stusha@globalmed.com

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SOURCE GlobalMed