Connect with us

Technology

The Automated Industrial Quality Control (QC) Market is projected to grow by USD 269.5 million (2024-2028), driven by the need for accuracy in quality control, with AI redefining the market landscape – Technavio

Published

on

NEW YORK, Oct. 9, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Automated Industrial Quality Control (QC) Market  size is estimated to grow by USD 269.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.97%  during the forecast period. Growing importance of accuracy in quality control processes is driving market growth, with a trend towards reshoring of manufacturing industry. However, lack of effective interoperability  poses a challenge – Key market players include ABB Ltd., ATS Automation Tooling Systems Inc., Carl Zeiss Stiftung, Emerson Electric Co., General Electric Co., Honeywell International Inc., IVISYS, KEYENCE CORP., MasterControl Solutions Inc., Mitsubishi Electric Corp., NANOTRONICS IMAGING INC., OMRON Corp., Renishaw Plc, RNA Automation Ltd., Rockwell Automation Inc., Schneider Electric SE, Shelton Machines Ltd., Siemens AG, Texas Instruments Inc., and Yokogawa Electric Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Automotive industry, Metal industry, Electronics industry, and Others), Solution (Hardware and software and Service), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

ABB Ltd., ATS Automation Tooling Systems Inc., Carl Zeiss Stiftung, Emerson Electric Co., General Electric Co., Honeywell International Inc., IVISYS, KEYENCE CORP., MasterControl Solutions Inc., Mitsubishi Electric Corp., NANOTRONICS IMAGING INC., OMRON Corp., Renishaw Plc, RNA Automation Ltd., Rockwell Automation Inc., Schneider Electric SE, Shelton Machines Ltd., Siemens AG, Texas Instruments Inc., and Yokogawa Electric Corp.

Key Market Trends Fueling Growth

The reshoring trend, which involves bringing production back to a company’s home country, is gaining momentum due to rising labor costs in Eastern Europe and Asia Pacific. Manufacturers, particularly in developed countries, have expanded their manufacturing bases in these regions since the year 2000. However, increasing wages in these countries are eroding profit margins. Consequently, many manufacturers are considering shifting their production back to their home countries. With the implementation of automation in manufacturing, these restored markets are adopting automated industrial quality control systems. These systems offer enhanced precision and accuracy in complex inspections, boosting productivity in the plants. The global automated industrial quality control market is poised to benefit from this trend, as the demand for advanced quality control solutions increases in developed countries. 

The Automated Industrial Quality Control (QC) market is experiencing significant growth due to the integration of advanced technologies like Augmented Reality (AR), Machine Learning, Physics-based Modeling, Cloud Computing, SCADA, and HMI in industrial automation. Industrial sensors play a crucial role in this market, providing real-time data for quality control in sectors like Defense, In Vitro Diagnostics, Immunochemistry, Molecular Diagnostics, Hospital, Home Care, and Pharmaceuticals. Key industries, such as Defense, HIV testing, and Autoimmune Disorders, require fast and accurate diagnosis systems for chronic diseases like Cancer. Quality control products and data management solutions are in high demand for sectors dealing with burdensome diseases, including Antiretroviral Medication and Infectious Illnesses. Industrial control systems are being transformed through automation devices, digital technology, and industrial robots. Cloud-based services enable remote supervision and data analysis, benefiting industries like Pharmaceuticals, Oil and Gas, and Electrical Power. The integration of AR and Machine Learning in QC processes enhances efficiency and accuracy, while Physics-based Modeling ensures product consistency. The future of QC lies in digital transformation, with self-testing kits, IVD devices, reagent kits, and clinical chemistry analysis tools leading the way. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Automated Industrial Quality Control (QC) market growth may be hindered due to interoperability challenges. With increasing complexity in modern industrial systems, integrating various devices and systems with different configurations becomes a significant hurdle for end-users. This is particularly true in industries such as automotive, electronics, metal, and food and beverage, which heavily rely on legacy systems. Interoperability issues prevent automated industrial QC vendors from providing software upgrades, affecting both system performance and field instrument responses. Replacing legacy systems can also be costly, making it essential for vendors to find interoperability solutions to expand their market reach.The Automated Industrial Quality Control (QC) market is experiencing significant growth due to the increasing demand for fast and accurate diagnosis in industries dealing with infectious illnesses, autoimmune disorders, chronic diseases, and cancer. Quality Control Products, such as self-testing kits, IVD devices, reagent kits, and clinical chemistry equipment, play a crucial role in this market. Data management solutions and quality assurance services ensure efficient data handling and analysis. The burden of diseases in sectors like Pharmaceutical, Oil and Gas, Electrical Power, and others necessitates automation through industrial control systems, automation devices, digital technology, industrial robots, cloud-based services, and remote supervision. Technologies like fast diagnosis systems, antiretroviral medication, and hematology, coagulation and hemostasis, microbiology, and sensors are essential for industries dealing with complex diseases. The integration of human machine interfaces and remote terminal units enhances operational efficiency. Digital transformation is key to addressing the challenges posed by the increasing prevalence of diseases and the need for remote monitoring and automation.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This automated industrial quality control (qc) market report extensively covers market segmentation by

End-user 1.1 Automotive industry1.2 Metal industry1.3 Electronics industry1.4 OthersSolution 2.1 Hardware and software2.2 ServiceGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Automotive industry-  The automotive industry relies heavily on continuous production to meet demand, reduce waste, and maintain machine performance. This requires significant investment and presents potential safety risks. To optimize manufacturing processes, automakers incorporate automated industrial quality control systems. These systems enhance the performance of assembly and material handling equipment, conveyor systems, industrial robots, and welding equipment. By increasing accuracy in traditional manufacturing processes, automated industrial quality control enables streamlined methods and higher productivity. With growing demand for automobiles in oil-importing countries like India and China, the global automated industrial quality control market will see increased opportunities. The expanding automotive industry, driven by population growth and rising disposable income levels in developing countries, will necessitate increased production capacity. Additionally, the shift towards electric vehicles and the need for efficient, high-performing vehicles will fuel demand for automated industrial quality control systems in the automotive sector during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Automated Industrial Quality Control (QC) market is experiencing significant growth due to the integration of advanced technologies such as Augmented Reality (AR), Machine Learning, Physics-based Modeling, and Cloud Computing. These technologies enable real-time monitoring and analysis of industrial processes, improving efficiency and accuracy in quality control. SCADA and HMI systems facilitate the monitoring and control of industrial automation market processes, while industrial sensors provide critical data for analysis. Digital technology, including in vitro diagnostics, immunochemistry, molecular diagnostics, and even applications in hospitals and home care, are also driving the market’s expansion. The market encompasses various industries, including HIV, infectious illnesses, autoimmune disorders, chronic diseases, and cancer. Quality Control Products, industrial control systems, automation devices, and cloud-based services are essential components of this market, which caters to various sectors, including hospital, home care, and industrial automation. Industrial robots are also playing a crucial role in the market’s growth by automating repetitive tasks and enhancing productivity.

Market Research Overview

The Automated Industrial Quality Control (QC) market is experiencing significant growth due to the integration of advanced technologies such as Augmented Reality (AR), Machine Learning, Physics-based Modeling, and Cloud Computing. These technologies enable real-time monitoring and analysis of industrial processes, ensuring optimal performance and reducing human error. SCADA and HMI systems play a crucial role in Industrial Automation Market by providing a centralized platform for controlling and monitoring industrial processes. Industrial sensors are essential components of automated QC systems, providing real-time data on various parameters. The Defense Industry, In Vitro Diagnostics, Pharmaceutical, Oil and Gas, and Electrical Power sectors are major consumers of automated QC solutions. Digital technology, including industrial robots and cloud-based services, is driving automation and digital transformation in various industries. Remote supervision and self-testing kits are becoming increasingly popular for quality assurance services in various sectors, including HIV, Infectious Illnesses, Autoimmune Disorders, Chronic Diseases, and Cancer. Quality Control Products and Data Management Solutions are key offerings in this market, with IVD Devices, Reagent Kits, Clinical Chemistry, Immunochemistry/Immunoassay, Hematology, Coagulation and Hemostasis, Microbiology, and Burden of Diseases being major application areas. Antiretroviral Medication and Fast Diagnosis Systems are critical components of QC solutions in the Healthcare sector. The market for automated QC solutions is expected to grow significantly due to the increasing demand for fast and accurate diagnosis systems and the need for remote monitoring and control in various industries.

Table of Contents:

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

End-userAutomotive IndustryMetal IndustryElectronics IndustryOthersSolutionHardware And SoftwareServiceGeographyEuropeNorth AmericaAPACSouth 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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-automated-industrial-quality-control-qc-market-is-projected-to-grow-by-usd-269-5-million–2024-2028-driven-by-the-need-for-accuracy-in-quality-control-with-ai-redefining-the-market-landscape–technavio-302271090.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Capital Advantage, Inc. Offers Tailored Financial Services for Kaiser Permanente® and TPMG Employees

Published

on

By

WALNUT CREEK, Calif., Jan. 10, 2025 /PRNewswire/ — Capital Advantage, Inc., a trusted name in wealth management, is proud to highlight its specialized services designed to meet the unique financial needs of Kaiser Permanente® and The Permanente Medical Group (TPMG) employees.

At Capital Advantage, we understand the complexities of Kaiser Permanente® and TPMG benefit plans. Our team is dedicated to helping healthcare professionals navigate their robust and often intricate benefit options. With over 30 years of expertise and a deep understanding of Kaiser’s offerings, we craft personalized financial plans to help maximize the value of our clients’ benefits.

“We recognize the unique challenges and opportunities that healthcare professionals face in managing their financial lives,” says Ian Castille, CFP®, Principal and Senior Financial Advisor at Capital Advantage, Inc.

Donna Zinman, CRPC®, Principal and Senior Advisor, adds, “Our goal is to educate our clients about their attractive benefit options and help them make the most of these opportunities.”

Key services for Kaiser Permanente® and TPMG employees include customized portfolio strategies and personalized guidance on retirement savings plans, identification of ideal pension options and annual open-enrollment benefit selections, advice on traditional vs. Roth 401(k) options, advanced tax-saving strategies (such as mega-backdoor Roth contributions), and simplification of retirement planning by working directly with Kaiser/TPMG’s benefits department. These services are designed to provide Kaiser/TPMG employees with peace of mind, confidence, and financial empowerment as they navigate their retirement and benefits planning.

About Capital Advantage, Inc.

Capital Advantage is a trusted, independently owned wealth management firm with over 40 years of experience helping individuals and families to achieve their financial goals. As a 100% fee-only fiduciary, Capital Advantage strives to provide financial peace of mind to each and every client, delivering large institution expertise with the personalized care and attention of a boutique firm. Our experienced advisors work closely with pre-retirees and retirees, women navigating unique financial journeys, and Kaiser Permanente® and The Permanente Medical Group (TPMG) employees to create strategies that provide clarity, confidence, and long-term success.

For more information on Capital Advantage’s services visit: Kaiser/TPMG Employees – Capital Advantage, Inc. or call (925) 299-1500 to contact one of our advisors for a no-cost initial consultation.

Disclaimer: Capital Advantage, Inc. is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Kaiser Permanente® or TPMG (The Permanente Medical Group)

Limitations: No amount of experience, recognition, or past success, nor the achievement of any professional designation, certification, degree, or license should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Capital Advantage is engaged, or continues to be engaged, to provide investment advisory services. Please see Important Disclosure.

View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-advantage-inc-offers-tailored-financial-services-for-kaiser-permanente-and-tpmg-employees-302348316.html

SOURCE Capital Advantage, Inc.

Continue Reading

Technology

NASA Sets Coverage for Firefly First Commercial Robotic Moon Launch

Published

on

By

WASHINGTON, Jan. 10, 2025 /PRNewswire/ — Carrying NASA science and technology to the Moon as part of the agency’s CLPS (Commercial Lunar Payload Services) initiative and Artemis campaign, Firefly Aerospace’s Blue Ghost Mission 1 is targeting launch Wednesday, Jan. 15. The mission will lift off on a SpaceX’s Falcon 9 rocket from Launch Complex 39A at the agency’s Kennedy Space Center in Florida.

Live launch coverage will air on NASA+ with prelaunch events starting Monday, Jan. 13. Learn how to watch NASA content through a variety of platforms, including social media. Follow all events at:

https://www.nasa.gov/live/

After the launch, Firefly’s Blue Ghost lander will spend approximately 45 days in transit to the Moon before landing on the lunar surface in early March. The lander will carry 10 NASA science investigations to further our understanding of the Moon’s environment and help prepare for future human missions to the lunar surface, as part of the agency’s Moon to Mars exploration approach. 

Science investigations on this flight aim to test and demonstrate lunar subsurface drilling technology, regolith sample collection capabilities, global navigation satellite system abilities, radiation tolerant computing, and lunar dust mitigation methods. The data captured could benefit humans on Earth by providing insights into how space weather and other cosmic forces impact Earth. 

The deadline has passed for media accreditation for in-person coverage of this launch. The agency’s media accreditation policy is available online. More information about media accreditation is available by emailing: ksc-media-accreditat@mail.nasa.gov.

Full coverage of this mission is as follows (all times Eastern):

Monday, Jan. 13
2:30 p.m. – Lunar science media teleconference with the following participants:

Chris Culbert, CLPS program manager, NASA’s Johnson Space CenterMaria Banks, CLPS project scientist, NASA Johnson

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 1:30 p.m. EST Jan. 13, at: ksc-newsroom@mail.nasa.gov.

Tuesday, Jan. 14
1 p.m. – Lunar delivery readiness media teleconference with the following participants:

Nicola Fox, associate administrator, Science Mission Directorate at NASA HeadquartersJason Kim, CEO, Firefly AerospaceJulianna Scheiman, director, NASA science missions, SpaceXMark Burger, launch weather officer, Cape Canaveral Space Force Station’s 45th Weather Squadron

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 12 p.m. EST on Tuesday, Jan. 14, at: ksc-newsroom@mail.nasa.gov.

Wednesday, Jan. 15
12:30 a.m. – Launch coverage begins on NASA+ and the agency’s website.

1:11 a.m. – Launch

NASA Launch Coverage
Audio only of the media teleconferences and launch coverage will be carried on the NASA “V” circuits, which may be accessed by dialing 321-867-1220, -1240, or -7135. On launch day, the full mission broadcast can be heard on -1220 and -1240, while the countdown net only can be heard on -7135 beginning approximately one hour before the mission broadcast begins.

On launch day, a “tech feed” of the launch without NASA TV commentary will be carried on the NASA TV media channel.

NASA Website Launch Coverage
Launch day coverage of the mission will be available on the NASA website. Coverage will include live streaming and blog updates beginning no earlier than 12:30 a.m. EST Jan. 15, as the countdown milestones occur. On-demand streaming video and photos of the launch will be available shortly after liftoff. For questions about countdown coverage, contact the Kennedy newsroom at 321-867-2468. Follow countdown coverage on our launch blog for updates.

NASA Virtual Guests for Launch
Members of the public can register to attend this launch virtually. Registrants will receive mission updates and activities by email, including curated mission resources, schedule updates, and a virtual guest passport stamp following a successful launch. Print your passport and get ready to add your stamp!

Watch, Engage on Social Media
Let people know you’re following the mission on X, Facebook, and Instagram by using the hashtag #Artemis. You can also stay connected by following and tagging these accounts:

X: @NASA, @NASAKennedy, @NASAArtemis, @NASAMoon

Facebook: NASA, NASAKennedy, NASAArtemis

Instagram: @NASA, @NASAKennedy, @NASAArtemis

Coverage en Español
Did you know NASA has a Spanish section called NASA en español? Check out NASA en español on X, Instagram, Facebook, and YouTube for additional mission coverage.

Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo o Messod Bendayan a: antonia.jaramillobotero@nasa.gov o messod.c.bendayan@nasa.gov.

For media inquiries relating to the launch provider, please contact SpaceX’s communications department by emailing: media@spacex.com. For media inquiries relating to the CLPS provider, Firefly Aerospace, please contact Firefly’s communication department by emailing: press@fireflyspace.com.
For more information about the agency’s CLPS initiative, see:

https://www.nasa.gov/clps

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasa-sets-coverage-for-firefly-first-commercial-robotic-moon-launch-302348344.html

SOURCE NASA

Continue Reading

Technology

Universal Brain Announces Publication of Groundbreaking Depression Research Using Multiple Event-Related Potentials

Published

on

By

New findings support the company’s neuroscience-driven approach to precision psychiatry, offering actionable insights for personalized depression treatment

PALO ALTO, Calif., Jan. 10, 2025 /PRNewswire/ — Universal Brain, a pioneering technology company focused on transforming mental healthcare through neuroscience, today announced the publication of its latest peer-reviewed study, “Neurotyping depression using multiple event-related potentials (ERPs): Leveraging task-based variation to predict remission in depression,” the paper introduces a novel framework for detecting unique neurophysiological patterns that can help predict which depressed patients are most likely to achieve remission from depression.

“By combining several EEG paradigms with novel statistical analyses, we’re moving closer to a future where depression therapies can be precisely tailored to each individual,” said Kazu Okuda, Chief Executive Officer of Universal Brain. “In particular, we are poised to leverage a battery of EEG paradigms to better subtype depression – which will pave the way for more precision in treatment development and selection.  These functional measures of brain activity (i.e., neurotypes) will be used to determine what treatment works best for whom.”

Key Highlights of the Study

Multi-Task ERP Analyses
The study leveraged multiple cognitive and emotional tasks to capture a broader spectrum of brain responses, thereby enabling more robust classification of distinct depression subtypes.Predictive Neurotyping
Through comprehensive ERP assessment, researchers identified patterns linked to a higher likelihood of remission in depression, paving the way for more targeted clinical strategies. Combining ERPs from multiple tasks outperformed classifications based on more traditional single-task analyses.Implications for Precision Psychiatry
These findings underscore the potential of individualized treatment pathways—an approach backed by emerging research in the field of precision psychiatry, which calls for data-driven, personalized solutions to improve outcomes in mental health.

“This work is especially exciting because it bridges the gap between laboratory-based assessments and potential real-world clinical practice. We believe our new method can help physicians potentially select treatment but also help clinicians fine-tune therapeutic interventions to an individual’s unique neural signature,” commented Greg Hajcak, Chief Scientific Advisor of Universal Brain. “By leveraging multiple ERPs in varying tasks, we can aim to better predict who will respond to specific treatments, a key step in transforming how we approach depression management.”

Championing Precision Psychiatry

Universal Brain’s overarching mission is to integrate cutting-edge neuroscience with clinical insights to advance precision psychiatry—a transformative model of care that personalizes interventions based on individual biological, behavioral, and environmental factors. This focus resonates with emerging trends in psychiatric research to enhance treatment outcomes.

In close collaboration with academic institutions, research hospitals, and clinical partners, Universal Brain continues to drive neuroscience-based innovation that bridges the gap between academic discoveries and real-world patient care.

For more information on Universal Brain’s research and the company’s commitment to developing neuroscience-driven solutions for mental health, please visit universal-brain.com or email us at media@universal-brain.com.

About Universal Brain

Universal Brain is a science-driven technology company dedicated to revolutionizing mental healthcare by unlocking the power of precision psychiatry. Drawing on advances in neuroscience, data analytics, and engineering, Universal Brain develops innovative tools and platforms that personalize psychiatric treatment and improve patient outcomes. To learn more, visit www.universal-brain.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/universal-brain-announces-publication-of-groundbreaking-depression-research-using-multiple-event-related-potentials-302348351.html

SOURCE Universal Brain

Continue Reading

Trending