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Machine Vision Camera Market to Grow by USD 1.74 Billion (2024-2028), Driven by Rising Demand in Non-Industrial Sectors, AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 22, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global machine vision (MV) camera market size is estimated to grow by USD 1.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.31% during the forecast period. Increased demand in non-industrial sectors is driving market growth, with a trend towards augmented demand for smart cameras. However, high cost of implementation poses a challenge.Key market players include Adimec Advanced Image Systems bv, Alpha MOS, AMETEK Inc., Banner Engineering Corp., Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, Decision Technology LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Hitachi Ltd., Intel Corp., JAI AS, Keyence Corp., National Instruments Corp., OMRON Corp., SICK AG, Sony Group Corp., Teledyne Technologies Inc., and TKH Group NV.

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Machine Vision (Mv) Camera Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.31%

Market growth 2024-2028

USD 1737.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.31

Regional analysis

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

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Germany, and Canada

Key companies profiled

Adimec Advanced Image Systems bv, Alpha MOS, AMETEK Inc., Banner Engineering Corp., Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, Decision Technology LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Hitachi Ltd., Intel Corp., JAI AS, Keyence Corp., National Instruments Corp., OMRON Corp., SICK AG, Sony Group Corp., Teledyne Technologies Inc., and TKH Group NV

Market Driver

Machine Vision (MV) cameras, also known as machine vision cameras, are essential tools in various industries for tasks like position guidance, measurement, identification, and pattern recognition. Smart cameras and PC-based cameras lead the market, with wireless, wearable, and UAV-based cameras gaining traction. Trends include automation in manufacturing, agriculture drones, 3D modeling, and AI-driven image recognition algorithms. Strategic partnerships and advanced manufacturing technologies, such as digital sensors and USB3 cameras, fuel growth. Applications span from quality assurance in manufacturing industries to inspection in aerospace and transportation. Lens types, including wideangle, normal, telephoto, and wide area lenses, cater to diverse needs. Emerging areas include autonomous vehicles, parking cameras, CMS cameras, SVS cameras, barcode scanners, and 3D imaging cameras. Production capacity is expanding, driven by increasing demand for automation technology in industries like semiconductors, electric vehicles, and connected vehicles. 

Smart cameras play a significant role in Machine Vision (Mv) systems by digitizing and transferring frames for analysis. These cameras have an embedded image sensor and are custom-built for specialized applications with space constraints. They are used for various automated functions, either as a supplement to multi-part Mv systems or as standalone image-processing units. Smart cameras are a cost-effective and user-friendly option for industrial production, particularly for inspection and quality assurance. Their compact size makes them ideal for manufacturing operations seeking to streamline automation methods or integrate vision systems. Smart cameras are increasingly popular in industries for enhancing productivity and ensuring consistent product quality. 

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Market Challenges

The Machine Vision (MV) camera market is experiencing significant growth due to increasing demand for automation and quality assurance in various industries. Key applications include position guidance, measurement, identification, and pattern recognition in manufacturing, smart manufacturing, and advanced manufacturing processes. Challenges in this market include the need for high-speed image recognition algorithms, smart cameras, and PC-based cameras for wireless and wearable applications. Strategic partnerships, USB3 cameras, and advanced automation technology are driving innovation in this space. MV cameras play a crucial role in industries such as aerospace, transportation, semiconductors, and agriculture drones, enabling 3D modeling, microscopy, and inspection. Lens types like wideangle, normal, telephoto, and wide area lenses cater to diverse applications. The market is also witnessing growth in UAV-based inspections for power lines, facilities, and quality tests in manufacturing operations. The compact footprint and embedded image processing capabilities of MV cameras make them ideal for industrial production and automation technology in electric vehicles, connected vehicles, and autonomous vehicles. Barcode scanners, 3D imaging cameras, line scan cameras, and CMS/SVS cameras are other important MV camera types.Machine vision systems incorporate cameras, software, and advanced technologies for image analysis in various industries. The cost of these systems is substantial, presenting a challenge for small and medium-sized enterprises (SMEs) in both developed and developing countries. Customization and operational requirements increase the overall expense. End-users tailor their machine vision systems to specific applications, incurring additional costs for servicing. Smart cameras, equipped with advanced technologies for image clarity and precision, also carry a high base price. These factors may hinder the adoption of machine vision systems by some businesses.

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Segment Overview

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

Platform1.1 PC based camera1.2 Smart camera1.3 Wireless camera1.4 Wearable cameraType2.1 Line scan2.2 Area scan2.3 3D scan camerasGeography3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 PC based camera- 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.

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Research Analysis

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 Research 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.

Table of Contents:

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

PlatformPC Based CameraSmart CameraWireless CameraWearable CameraTypeLine ScanArea Scan3D Scan CamerasGeographyAPACNorth 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

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MMA SMARTIES Thailand 2024 – Celebrates Unparalleled Marketing Innovation and Excellence in Thailand

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BANGKOK, Nov. 23, 2024 /PRNewswire/ — The SMARTIES Thailand 2024 Awards brought together pioneers and the brightest minds of the advertising and marketing world, celebrating marketing innovation. Ultimately, 47 exceptional winners were honored, comprising 13 Gold, 15 Silver, 8 Bronze awards and 11 industry awards.

More than just a celebration, the SMARTIES Awards are a global movement that empowers brands, advertisers, agencies, publishers, and technology enablers. With over 50,000 entries globally, SMARTIES has extensive reach, encompassing 19 country awards, 4 regional awards, and one global awards program. This year, Thailand presented numerous impressive entries spanning diverse sectors, underscoring the country’s influence in strategic marketing and creative innovation.

SMARTIES Thailand 2024 honored the best in the industry with a remarkable lineup of winners. Brilliant & Million, Thailand was awarded Digital Agency of the Year, while Grab took home both Publisher of the Year and Brand of the Year. Friends & Mana Company Limited was named Independent Agency of the Year, and Spa-Hakuhodo secured Creative Agency of the Year. M&C Saatchi emerged as the Media Agency of the Year, and Babi Mild was recognized as the Most Resilient Brand of the Year. Publicis Groupe earned the title of Holding Agency Company of the Year, while the Juror’s Choice Award went to the impactful “Under My Skin” campaign. Mondelēz International claimed the honor of Advertiser of the Year, and Best in Show was awarded to the captivating “Oreo Pokemon Catch ‘Em All!” campaign.

Check Out the Winner List Here! 

A rigorous selection process, led by a dedicated jury panel featuring top minds in marketing in Thailand, identified the best campaigns. These campaigns strengthened engagement through advanced technology, and elevated marketing practices.

“SMARTIES continues to set new benchmarks in the industry,” said Rohit Dadwal, CEO of MMA Global APAC & Global Head of SMARTIES™ Worldwide. “This year’s winners have demonstrated unparalleled brilliance, proving that Thailand is a hub for exceptional marketing talent. SMARTIES is not just about winning awards; it’s about pushing boundaries and setting global standards. With the launch of our new SMARTIES Sonic logo this year, we are redefining how the SMARTIES brand resonates and engages with audiences around the world, marking a new era of recognition and innovation”.

Winning a SMARTIES award brings more than recognition. Winners gain a competitive edge, credibility, and an impact on prestigious rankings, such as the MMA SMARTIES Business Impact Index, RECMA, and the WARC Media 100.

About MMA Global: MMA Global is the leading global trade association for marketers, providing essential resources and expertise to empower marketers to navigate the complex world of Marketing. With a commitment to driving innovation and effectiveness, MMA Global plays a pivotal role in shaping the future of marketing.

SMARTIES: SMARTIES is the prestigious marketing awards program hosted by MMA Global, recognizing excellence in Marketing. The SMARTIES Awards celebrate the most innovative and impactful campaigns that push the boundaries of creativity and drive measurable business impact in today’s dynamic landscape.

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SOURCE MMA Global APAC

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Redefining the Standard of Care: Introducing the Aulisa® Monitor Camera for Advanced Patient Monitoring

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PALO ALTO, Calif., Nov. 22, 2024 /PRNewswire/ — Aulisa® Medical USA, Inc., a leader in FDA-cleared, wearable, wireless continuous vital sign monitoring technology, proudly announces the launch of the Aulisa® Monitor Camera, an innovative solution designed to revolutionize patient care in both hospital and home settings. Seamlessly integrating with the Aulisa® Vital Signs Monitoring System, this advanced camera offers caregivers and healthcare professionals enhanced monitoring capabilities and peace of mind.

Redefining the Standard of Care
Hospitals constantly balance delivering exceptional patient care with managing operational costs. The Aulisa® Monitor Camera redefines patient monitoring by providing advanced, centralized solutions that enhance clinical and operational excellence. Designed to optimize patient care, the Aulisa® Monitor Camera integrates with the Centralized Multiple Patient Monitoring (CMPM) System, enabling simultaneous, wireless monitoring of oxygen saturation (SpO2), pulse rate, and body temperature across multiple patients from a centralized nursing station. With a simple app, the Aulisa® Monitor Camera can be integrated into a CMPM. In addition to monitoring a patient’s vital signs, caregivers and family members (such as parents of an infant) can also view the patient’s image and hear their voice. This feature is especially important in specific situations, such as for parents of an infant in the NICU.

This transformative approach eliminates cumbersome wires, streamlines operations, and ensures timely interventions, ultimately improving patient outcomes, enhancing safety standards, and optimizing workflow efficiency while driving significant cost savings and financial performance for healthcare facilities. With a steadfast commitment to compassionate, data-driven care and innovative solutions, Aulisa® Medical is advancing patient health and redefining healthcare excellence, one patient at a time.

Advanced Features for Comprehensive Care
The Aulisa® Monitor Camera offers crystal-clear 2K resolution with night vision, ensuring high-quality visuals day and night. Its two-way audio and human tracking features enable real-time communication and automated movement monitoring, while effortless Wi-Fi integration allows for quick and simple setup via mobile or web devices. With dual functionality as a standalone home surveillance camera, the Aulisa® Monitor Camera delivers unmatched flexibility for various care scenarios.

Engineered for Hospital Excellence
Designed with hospitals and patients in mind, the Aulisa® Monitor Camera addresses the unique demands of modern healthcare settings. From NICUs to patient rooms, it offers caregivers the ability to remotely monitor patients with visual, audio, and motion tracking capabilities. This streamlines workflows, enhances safety, and allows providers to focus on delivering compassionate care while staying equipped with FDA-cleared technology.

Founder’s Vision
“Introducing the Aulisa® Monitor Camera is a natural extension of our mission to enhance patient care and empower healthcare professionals,” said Augustine (Augie) Lien, founder and CEO of Aulisa Medical USA, Inc. “We strive to provide innovative solutions that bring peace of mind to caregivers and families alike. By delivering FDA-cleared technology with seamless functionality, we’re making it easier to ensure safety, connectivity, and exceptional care in every setting.”

Why Choose Aulisa®?
The Aulisa® Monitor Camera enhances efficiency by enabling remote monitoring, reducing physical check-ins, and providing reliable, FDA-cleared technology trusted by healthcare professionals worldwide. It is now available for purchase by healthcare facilities, caregivers, and families.

To learn more about the Aulisa Monitor Camera, the Guardian Angel® CMPM System and other Aulisa Medical products, visit:

www.aulisa.com/products/aulisa-monitor-camerawww.aulisa.com/products/cmpmwww.aulisa.com/collections/guardian-angel-remote-gateway-systems

About Aulisa Medical
Based in Silicon Valley, Aulisa® Medical is a leading medical technology company founded by serial medical technologies entrepreneur, Augustine (Augie) Lien. The company specializes in developing wireless, wearable monitoring systems that provide continuous, cloud-based vital sign data in both clinical and home environments. Through the development of new healthcare innovations, Aulisa® continues to grow the application of digital health technologies that empower both consumers and healthcare providers, incorporating Artificial Intelligence (AI) technologies that can detect adverse events and potentially save lives.

Media Contact:
Kyle Thompson, Vice President of Sales & Marketing
Email: kyle.thompson@aulisa.com
Direct: (650) 387-0001
www.aulisa.com

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SOURCE Aulisa Medical USA, Inc.

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Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving IndiaSingapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of IndiaSingapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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Logo: https://mma.prnewswire.com/media/2565373/Nucleus_Software_Logo.jpg

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