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Machine Vision (MV) Camera Market , 47% of Growth to Originate from APAC, Technavio

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NEW YORK, Dec. 13, 2024 /PRNewswire/ — The global machine vision (mv) camera market size is estimated to grow by USD 1.74 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.31% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2023

Forecast period

2024-2028

Historic Data for

2018 – 2022

Segments Covered

Platform (PC based camera, Smart camera, Wireless camera, and Wearable camera), Type (Line scan, Area scan, and 3D scan cameras), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Key Companies Covered

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

Regions Covered

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

Region Outlook

North AmericaEuropeAsiaRest of World

1. APAC – APAC is estimated to contribute 47%. To the growth of the global market. The Machine Vision (Mv) Camera Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The machine vision camera market in Asia Pacific (APAC) is experiencing significant growth due to the availability of advanced and cost-effective cameras from vendors. Key drivers for this expansion include the increasing adoption of machine vision systems in countries like China, Japan, and Indonesia. The burgeoning automotive and semiconductor industries in China and Japan are particularly in fueling market growth. Notable emerging markets in APAC for machine vision cameras are China, Japan, India, Indonesia, Malaysia, and South Korea, with most sales occurring in the automotive, electronics, and semiconductor sectors.

For more insights on APAC’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

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

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

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.

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 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.

Start exploring market insights by Download a FREE Sample Report in minutes!

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 Venodr 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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24/7 Software Expands Global Success with Strong Growth in Europe and the Middle East

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Expanding Adoption Across Europe and Beyond

BOCA RATON, Fla., Dec. 18, 2024 /PRNewswire/ — 24/7 Software, a global leader in operations management technology, continues to achieve remarkable growth as it strengthens its presence in Europe and expands into the Middle East. The company’s platform is being embraced by organizations across EMEA, demonstrating its value in delivering real-time, data-driven solutions that optimize operations, improve safety, and elevate the overall experience for users.

Health and Safety Teams Leading the Charge

Health and safety teams are increasingly turning to 24/7 Software to digitize and streamline their processes. Prestigious venues such as Co-op Live, The O2, and Chester Race Company utilize the platform to enhance safety, compliance, and operational efficiency. This adoption highlights the growing recognition of 24/7 Software’s ability to address critical organizational needs with ease and precision.

Unlocking the Power of Analytics

European customers are reaping the benefits of 24/7 Software’s powerful analytics tools, enabling better decision-making and operational insight. Chester Race Company is an example of an organization leveraging these advanced analytics to optimize performance and ensure a seamless experience for staff and patrons alike.

Revolutionizing Facilities Management in Premier League Football

Facilities management teams in the world of Premier League football are harnessing 24/7 Software to manage match-day operations, centralize communication, and enhance the fan experience, proving its value as an essential tool for some of the most demanding organizations.

A Growing Presence in the Middle East

In addition to its success in Europe, 24/7 Software is making significant inroads into the Middle East. The region’s organizations are adopting the platform to enhance operations and drive innovation, further solidifying 24/7 Software’s position as a global leader in operations management technology.

“24/7 Software is dedicated to empowering organizations around the world with cutting-edge solutions that improve efficiency and safety,” said Justin King, Executive Vice President at 24/7 Software. “Our expansion into Europe and the Middle East reflects the growing demand for reliable, versatile tools that transform the way businesses operate.”

About 24/7 Software

24/7 Software is a global leader in operations management software, serving the world’s top venues, sports leagues, and entertainment organizations. Its innovative technology helps these organizations improve safety, security, facilities management, and the guest experience, backed by unparalleled support.

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Finsulate One of Business Worldwide Magazine’s Top 20 Most Innovative Companies to Watch in 2024

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Recognised for its groundbreaking work in the maritime industry, Finsulate has been named as one of the Top 20 Innovative Companies to Watch in 2024 by Business Worldwide Magazine.

LONDON, Dec. 18, 2024 /PRNewswire/ — The list recognises trailblazing organisations redefining industries through groundbreaking technologies and transformative business practices. These companies define the future through innovation and disruption, from healthcare to energy.

Finsulate’s toxin-free antifouling wrap is reshaping its sector by offering an eco-friendly, cost-effective alternative to traditional antifouling paints. Biofouling, the buildup of marine organisms like barnacles and algae on ship hulls, has long been a costly and environmentally damaging issue. It increases drag, driving up fuel consumption, carbon emissions, and maintenance costs. Traditional antifouling paints, reliant on biocides, address the problem but at the cost of leaching harmful toxins into marine ecosystems.

By mimicking the textured surface of a sea urchin, Finsulate’s antifouling wrap prevents marine organisms from attaching to vessels without relying on harmful chemicals, resulting in superior performance:

Eco-Friendly Design: 100% free of biocides and toxins, safeguarding marine habitats.Longevity: Lasts 8–10 years, vastly outliving traditional antifouling paints.Cost Efficiency: Reduces the need for frequent maintenance and significantly lowers fuel consumption.Convenient Maintenance: Minor fouling can be removed easily while the vessel remains in water, minimising downtime.

Since its debut, Finsulate has been applied to over 800 vessels worldwide, from leisure yachts to large commercial ships and offshore wind installations. Early adopters have reported transformative results, including a steel sailing yacht treated in 2013 that remains largely biofouling-free over a decade later.

Finsulate is driving success stories whilst championing a broader shift towards sustainability within the maritime industry. Key impacts include:

Reduced Carbon Emissions: Improved fuel efficiency supports global climate goals.Preserved Marine Ecosystems: Biocide-free solutions protect biodiversity and minimise microplastic pollution.A Circular Economy: At the end of its lifecycle, Finsulate’s wrap is recyclable, aligning with cradle-to-cradle principles.

Founder Rik Breur encapsulates the company’s mission: “Sustainability is more than a trend; it’s our responsibility. Together, we can create a better future for our oceans.”

For more information about Finsulate and its transformative technology, visit finsulate.com.

Further information about the 2024 Business Worldwide Magazine Awards, including the Top 20 Most Innovative Companies to Watch list, can be found at https://www.bwmonline.com/20-most-innovative-companies-to-watch-2024-winners/

About Business Worldwide Magazine

Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world. Our quarterly magazine and online news portal enable an established audience of corporate dealmakers to track the latest news, stories and developments affecting the international markets, corporate finance, business strategy and changes in legislation. This readership includes CEO/CFO – Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.

Contact
David Jones
Awards Department
E: david@bwmonline.com 
W:  www.bwmonline.com 

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Hisense to Showcase Future of Smart Living with “AI Your Life” at CES 2025

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QINGDAO, China, Dec. 18, 2024 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, is set to redefine smarter living with the debut of its AI ambition powered by a showcase of its latest innovations at CES 2025.

Recognized as the world No.1 in the 100”+ TV market, Hisense has set the global trend in large-screen with ever richer experiences. While product specifications are important, Hisense is constantly pushing boundaries to elevate every experience, connecting with people where they spend their time, and creating products that enhance life’s most meaningful moments and inclusive for all.

For Hisense, AI isn’t just a vision of the feature, but the backbone of product innovations, designed to simplify life and make every moment memorable. By integrating AI technology with cutting-edge Hi-View AI Engine, Hisense is enabled to deliver a more authentic, highly detailed, and vibrant viewing experience for everyone, integrated seamlessly to improve daily experiences and delivering unmatched energy efficiency.

From January 7-10, Hisense will be showcasing the very latest technological breakthroughs at the Central Hall, Booth 16625 at the Las Vegas Convention Center, offering a glimpse into the future of unparalleled AI-driven lifestyle experiences.

A key theme of Hisense’s booth is the scenario-based application of AI technology, reinforcing its leadership in TV and expertise in delivering outstanding picture quality, whilst providing visitors a first-hand experience of the integration of AI in transforming modern lifestyles. Featuring 17 immersive experiences and 59 technical highlights, Hisense will unveil a veritable suite of premium products, including ULED MiniLED TVs, Laser TVs and other smart home appliances, along with advanced applications in automative, commercial displays, healthcare and energy systems.

To kick-off CES 2025, Hisense will host an exclusive press conference on January 6 from 9:00 AM to 9:45 AM PST in the Jasmine Room at Mandalay Bay, the day prior to the official CES opening.

Hisense at CES 2025
Event Dates: January 7-10, 2025
Location: Las Vegas Convention Center, Central Hall
Booth Details: Hisense at Booth 16625

About Hisense

Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense ranked No. 2 globally for total TV shipments and No. 1 in 100″+ TVs. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

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