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Industrial Vision Systems Market is expected to generate a revenue of USD 25.85 Billion by 2031, Globally, at 8.53% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Industrial Vision Systems Market Size and Forecast,” a comprehensive study tailored to provide actionable insights and strategic guidance addressing the growing demand for automation, quality control, and manufacturing efficiency across various sectors.

LEWES, Del., Sept. 26, 2024 /PRNewswire/ — The Global Industrial Vision Systems Market Size is projected to grow at a CAGR of 8.53% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.25 Billion in 2023 and is expected to reach USD 25.85 Billion by the end of the forecast period.

As industries shift towards smart manufacturing and Industry 4.0 technologies, industrial vision systems are becoming critical enablers of productivity, precision, and innovation. This new report equips decision-makers with essential data, market forecasts, and actionable strategies to stay ahead in an increasingly competitive landscape.

Key Insights of the Report Include:

Market Dynamics & Trends: Detailed analysis of the factors driving adoption of industrial vision systems, such as advancements in AI-powered visual inspection, automation, and real-time quality control.Technological Innovations: Explore cutting-edge technologies like deep learning, 3D vision systems, and robotic vision integration that are revolutionizing production lines.Industry-Specific Insights: Tailored market insights for industries including automotive, electronics, pharmaceuticals, food & beverage, and packaging, where demand for vision systems is skyrocketing.Competitive Landscape: Comprehensive profiling of key players in the market, with a focus on mergers, acquisitions, and innovative product launches shaping the future of industrial vision systems.Global Market Forecast: Detailed market projections and growth opportunities for industrial vision systems across regions, with strategic insights on emerging markets and regulatory frameworks.

Why This Report Matters for Industry leaders:

Actionable Data: Provides precise market forecasts, key trends, and potential challenges that will impact the global Industrial Vision Systems Market in the coming years.Competitive Edge: Stay ahead of the competition with exclusive insights into R&D activities, mergers and acquisitions, and emerging market disruptors.Customizable Solutions: Our report offers tailored analysis to meet the specific needs of businesses in various sectors, ensuring strategic alignment with market opportunities.

Who Should Read This Report: Industry leaders looking to optimize production, enhance quality control, and reduce operational costs can’t afford to miss this essential guide. Whether you’re seeking to invest in the latest technologies or identify potential partnerships, the Industrial Vision Systems Market report is your strategic advantage in the evolving landscape of industrial automation.

Stay ahead of the curve in the ever-evolving Industrial Vision Systems Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=5771

Browse in-depth TOC on “Global Industrial Vision Systems Market Size“

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2018-2031

GROWTH RATE

CAGR of ~8.53% from 2024 to 2031

BASE YEAR FOR VALUATION

2023

HISTORICAL PERIOD

2018-2022

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

ComponentProductApplicationVertical

 

REGIONS COVERED

North AmericaEuropeAsia Pacific

 

KEY PLAYERS

Cognex CorporationKeyence CorporationBasler AGTeledyne TechnologiesNational Instruments (now part of Averna)Omron CorporationSony CorporationMatrox ImagingFLIR SystemsAllied Vision TechnologiesJAI A/SBaumer GroupSICK AGDatalogic S.p.A.Panasonic CorporationISRA Vision AGStemmer ImagingIDS Imaging Development Systems GmbHLMI TechnologiesVitronic GmbH

 

CUSTOMIZATION

Report customization along with purchase available upon request

Global Industrial Vision Systems Market Overview

Growing Demand for Automation in Manufacturing: The Industrial Vision Systems Market is witnessing significant expansion driven by the rising automation in manufacturing sectors. As enterprises emphasize operational efficiency and minimize personnel expenses, vision systems are essential in improving quality control, speed, and accuracy. The demand driven by automation is anticipated to enhance adoption, as organizations pursue scalable and intelligent solutions to optimize their production processes.

Advancements in AI and Machine Learning Technologies: Artificial intelligence and machine learning are transforming the Industrial Vision Systems Market by providing enhanced capabilities in picture recognition, defect detection, and decision-making. AI-driven vision systems enable enterprises to attain enhanced precision and real-time analysis, hence minimizing error margins. As artificial intelligence advances, the market will experience substantial growth, propelled by the demand for intelligent, self-learning vision systems across many industries.

Rising Demand from Emerging Economies: The Industrial Vision Systems Market is experiencing growth in emerging economies with fast expanding manufacturing sectors. Asia-Pacific and Latin American nations are significantly investing in sophisticated technology to enhance manufacturing efficiency and global competitiveness. This geographical expansion is creating new prospects for vision system providers, enabling them to access these markets and offer economical, scalable systems customized to specific local requirements.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5771

High Initial Investment and Installation Costs: A significant barrier to the growth of the Industrial Vision Systems Market is the considerable upfront capital investment required for the deployment of these systems. The costs related to equipment procurement, installation, and system integration may deter small and medium-sized enterprises from adopting these technologies. Companies with limited cash flow may delay or abandon investments, impeding market penetration in particular segments despite the long-term benefits of automation.

Technical Challenges and System Complexity: The intricacy of establishing and managing industrial vision systems can significantly impede enterprises. Incorporating these systems into current production lines frequently necessitates specialized expertise and extensive training for staff, hence elevating downtime and operational expenses. This constraint constrains the Industrial Vision Systems Market by diminishing its attractiveness to firms with limited technological proficiency or those hesitant to alter their existing procedures.

Data Security and Privacy Concerns: With the adoption of advanced vision systems in sectors, data security and privacy have become critical issues. The Industrial Vision Systems Market encounters opposition from organizations reluctant to disclose key production data or utilize cloud-based storage due to the threat of cyberattacks. The aforementioned security challenges may impede the adoption rate, especially in sectors with rigorous data protection requirements, unless comprehensive security measures are enacted.

Geographical Dominance

The Industrial Vision Systems Market is primarily led by North America and Asia-Pacific, attributed to robust industrial automation adoption, sophisticated manufacturing infrastructure, and substantial R&D investments. North America excels in innovation regarding AI-driven vision systems, whereas the rise of the Asia-Pacific region is propelled by its burgeoning industrial industries. This geographical supremacy propels market expansion, as enterprises in these areas stimulate demand for advanced automation technology.

Key Players

The “Global Industrial Vision Systems Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Cognex Corporation, Keyence Corporation, Basler AG, Teledyne Technologies, Omron Corporation, Sony Corporation, Matrox Imaging, FLIR Systems, Allied Vision Technologies and Others.

Industrial Vision Systems Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Industrial Vision Systems Market into Component, Product, Application, Vertical and Geography.

Industrial Vision Systems Market, by ComponentHardwareCameraProcessorOpticsFrame GrabberLED LightingOthersSoftwareDeep LearningApplication SpecificIndustrial Vision Systems Market, by Product:PC-Based Vision SystemSmart Camera-Based Vision SystemIndustrial Vision Systems Market, by Application:Quality Assurance And InspectionIdentificationPositioning And GuidanceMeasurementIndustrial Vision Systems Market, by Vertical:AutomotiveConsumer ElectronicsElectronics & SemiconductorFood & PackagingPrinting & OthersIndustrial Vision Systems Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

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Global Digital Inspection Market Size By Dimension (2D, 3D), By Technology (Machine Vision, Metrology, NDT), By Component (Hardware, Software, Services), By Verticals (Manufacturing, Electronics and Semiconductor, Oil & Gas, Aerospace & Defense, Automotive), By Geography, And Forecast

Global Enhanced Vision System Market Size by Component (Hardware, Software, Services), By Technology (Infrared, Synthetic Vision, Global Positioning System, Millimeter Wave Radar), By Application (Emergency Services, Search & Rescue, General Aviation), By Geography, And Forecast

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Top 7 3D Machine Vision Companies transforming precision and enhancing automation

Visualize Industrial Vision Systems Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Technology

CompTIA Spark introduces free high-quality technology curriculum for middle grade classrooms

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October 5, 2024

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On World Teachers’ Day, the nonprofit organization highlights the importance of middle school teachers, empowers them to teach technology skills

DOWNERS GROVE, Ill., Oct. 5, 2024 /PRNewswire/ — Responding to a critical gap in technology education, CompTIA Spark has launched free technology curriculum specifically for middle grade classrooms, grades 5-8. It aims to support teachers so that they can teach the critical skills students need to succeed in whatever path they choose. The nonprofit organization worked with educators across the country to develop the curriculum.

“Getting this free resource into the hands of middle school teachers can help close the gap in technology education.”

“World Teachers’ Day celebrates how important teachers are,” says Randi Parker, chief of staff and vice president of CompTIA Spark. “And we know that middle school teachers in particular play such an important role in a student’s journey which is why they are the key to bringing technology education to more schools. We could not have developed this curriculum without them, and we can’t reach students without them.”

For about the past year, school districts as well as individual teachers have been implementing the CompTIA Spark curriculum in middle grade classrooms and providing feedback that allowed for a testing and development period prior to the full-scale launch. The schools that participated in this phase ranged from award-winning STEM schools to less-resourced ones, with all types of schools reporting the curriculum was a success and that students were engaged and excited to learn.

Getting students excited about technology and growing their confidence with hands-on learning is critical at the middle school level. Without access to quality technology education, students fall behind before they reach high school which means they do not have the digital fluency needed to succeed in school and in life. Filling this critical gap is the mission of CompTIA Spark.

With the new free curriculum, teachers can guide middle grade students through engaging project-based lessons that build capability using common applications and 21st century skills. Students gain a solid foundation in key technology concepts to prepare them for future opportunities — in high school and beyond.

Delivered through an online learning platform, the curriculum sparks interest in technology and how it is used in a wide variety of careers. For example, the Tech Exploration units have interactive lessons that show how tech skills are used in roles like product design, market research, accounting, marketing and more. Meanwhile, the Emerging Tech units focus on artificial intelligence (AI), cybersecurity, and smart home technology. Full access to the curriculum is available to middle grade educators absolutely free — to empower more teachers to teach the subject, even if they have not taught it previously.

A recent special report from Education Week highlighted how schools have been “struggling to recruit and retain math and science teachers for decades,” let alone educators who can teach technology subjects. The report also stressed the fact that current teachers need to be given opportunities to be able to teach new subjects related to emerging fields and technologies — with this being a solution to tackling the shortage.

“Because of the way the curriculum is intentionally designed, we are able to take the burden off the teacher by providing high-quality technology curriculum that middle grade teachers can use in their classroom regardless of their past experience with the subject,” says Parker. “Getting this free resource into the hands of teachers can help close the gap in technology education that currently exists at the middle school level. CompTIA Spark curriculum is free, and always will be free, because it is a gift from the tech industry to future generations.”

Districts, schools and individual teachers are invited to explore the curriculum and get started at comptiaspark.org.

About CompTIA Spark

CompTIA Spark develops free high-quality technology curriculum for middle grade classrooms to close a critical gap in technology education that exists before high school. This work improves student outcomes and success, and helps ensure a diverse talent pipeline for the technology workforce. CompTIA Spark is an independent 501(c)(3) nonprofit organization that operates as the charitable arm of the Computing Technology Industry Association (CompTIA), a leading voice and advocate for the global information technology ecosystem and a trusted provider of technical training and IT certifications. Learn more at comptiaspark.org.

MEDIA CONTACTS:
Laura Perillo and/or Cristina De Guia
news@comptiaspark.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/comptia-spark-introduces-free-high-quality-technology-curriculum-for-middle-grade-classrooms-302268032.html

SOURCE CompTIA Spark

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Technology

SAUNEX Partners with Saudi SIIVC in Strategic EV Initiative

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3 hours ago

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October 5, 2024

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The partnership will concentrate on the development and manufacturing of electric vehicles, enhancing industry capabilities

BANGKOK, Oct. 5, 2024 /PRNewswire/ — UNEX of the Netherlands, a global leader in the research and development of electric vehicles (EVs), and Siam Racing Automobiles (SRA) of Thailand, a world-class automotive design and engineering firm, have announced that their joint venture, SAUNEX, has entered into a strategic cooperation agreement with Saudi Arabia International Industrial Village (SIIVC). The alliance will establish a production facility for EVs in Saudi Arabia, aiming to extend their market reach across the Middle East, North Africa, and Southern Europe.

Chatchaval Jiaravanon, a member of the family that controls CP Group, addressed the audience at the signing ceremony. He highlighted the importance of automotive manufacturing as a benchmark of a nation’s industrial capabilities. Reflecting on CP Group’s past collaboration with China’s SAIC to set up a production facility for MG sports cars in Thailand, he noted that the success of automotive ventures relies critically on exemplary technology and leadership. The partnership between SAUNEX and SIIVC is aligned with Saudi Arabia’s Vision 2030 strategic initiative, emphasizing sustainable collaboration in the development, production, and marketing of EVs. The goal is to drive significant progress in Saudi Arabia’s EV sector and position SAUNEX as a beacon of successful international cooperation between Thailand and Saudi Arabia.

Mr. Jiaravanon also remarked that SAUNEX stands at the forefront of electric vehicle R&D, particularly in the application of battery swapping technology and the fields of automotive design and engineering. Their leading model, the Manto, is a luxury electric SUV that utilizes UNEX’s battery swapping technology, enhanced by SRA’s sophisticated design and engineering. It significantly outperforms competitors, offering a superior choice for future EVs free from the usual range limitations.

Top management executives from UNEX at the ceremony pointed out that under the leadership of Dr. Faisal Abdullah, CEO of SIIVC, the project aims to develop cutting-edge automotive production and battery swapping facilities in Saudi Arabia, manufacturing a full line-up of vehicle models including sedans, SUVs, and vans. The partnership also includes collaboration with CP Group and automotive supply chains in Thailand and China, aiming to create a sustainable and advanced industrial ecosystem that sets a global standard for the electric vehicle industry.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/saunex-partners-with-saudi-siivc-in-strategic-ev-initiative-302268179.html

SOURCE UNEX

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Technology

Israel Banned from UAE BioTech Symposium

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5 hours ago

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October 5, 2024

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Israeli BioTech companies will not be permitted at the quarterly event with Roadshows throughout the Arab Gulf States, including the United Arab Emirates, Kuwait, Qatar, Oman, Bahrain and Saudi Arabia

In parallel, UAE BioTech Symposium has been dedicated to the memory of The Rockefeller University Nobel Laureate Professor Dr. Günter Blobel, MD. PhD., Founder of The Friends of Dresden.

ABU DHABI, UAE, Oct. 5, 2024 /PRNewswire/ — “The board of AmCham Abu Dhabi mandated that Chinese and Russian companies are not allowed. As Founding Chairman of AmCham Abu Dhabi BioTech Committee & Chairman of UAE BioTech Symposium, I mandate that Israeli companies are not allowed, says Dr. Kambiz Shekdar, PhD.

Dr. Shekdar is Owner and Chairman of the quarterly UAE BioTech Symposium launching Nove 2-6, 2024 in Abu Dhabi and Dubai, UAE. Registration for UAE BioTech Symposium is hosted at AmCham Abu Dhabi. The detailed program is available at https://www.uaebiotechsymposium.com.

“I spent 8 years in the lab with Günter as my mentor. He would often talk about how his family was packed in a car, passing through Dresden escaping Nazi Germany when the fire bombing happened. I remember each time he remembered how he could read the pages of the newspaper by the light of the fire kilometers away. He donated his prize money to all three religions because he understood that peace is the fundament for achieving our human potential,” add Shekdar.

“I saw the firebombing destruction of Dresden from very near,” Blobel told The Times of Israel upon Dr. Blobel’s passing on February 18, 2018, “only a few kilometers away; for an 8 1/2-year-old, this was all very impressive. The bombing was so bright that you could read the newspaper by the red sky.”

Complete information about UAE BioTech Symposium is available at the Chairman’s personal portal at this link: https://linktr.ee/kambizshekdar

About UAE BioTech Symposium Chairman Dr. Kambiz Shekdar, PhD
From invention at The Rockefeller University to IPO at New York Stock Exchange to scale-up drug discovery for jointly owned Made-in-Abu-Dhabi IP in the U.A.E., Dr. Kambiz Shekdar is the first U.S. Biotech Abu Dhabi Golden Visa Inventor transitioning to the U.A.E.

Dr. Shekdar, PhD invented Chromovert® Technology while he was a graduate doctoral student in the laboratory of his mentor, the late Nobel laureate & King Faisal Prize winner Dr. Günter Blobel, MD, PhD. at The Rockefeller University in New York City. For more than 20 years, Dr. Shekdar has been pursuing applications of the same platform technology, now including pursuing the creation of a joint venture with Emirati stakeholders to implement the by-now validated research engine as part of a national-level public-private partnership for drug discovery at scale in the U.A.E. Dr. Shekdar is also a member of the Abu Dhabi, UAE chapter of American Chambers of Commerce where he is Founding Chairman of the AmCham Abu Dhabi BioTech Committee.

https://www.linkedin.com/in/kambiz-shekdar-51a52a34/

About UAE BioTech Symposium
UAE BioTech Symposium in partnership with the AmCham Abu Dhabi BioTech Committee and Masdar City will host quarterly panel discussions and lab tours in Abu Dhabi, Dubai and roadshow destinations throughout the GCC and Middle East. The events are free with attendance limited to prioritize U.S. and international BioTech owners and executives. Program details will be posted online in Arabic and in English as registration for each event goes live via the AmCham Abu Dhabi website.

Arabic site for scientific program: http://www.uaebiotechsymposium.ae
English site for scientific program: https://www.uaebiotechsymposium.com

About AmCham BioTech Committee
The AmCham BioTech Committee was formed to establish a BioTech sector in Abu Dhabi with a focus on promoting opportunities for U.S. BioTech companies with a vision to be a thought leader and facilitator for U.S. corporate interests in the emerging BioTech sector in Abu Dhabi and throughout the Middle East. Since its founding, the BioTech committee has seen a notable uptick in interest from U.S.-based companies seeking to broaden their service offerings within the region. AmCham BioTech Committee founding members include Seconcell Bio, Intelligenix Advanced Diagnostics, Extend Biosciences, Halia Therapeutics and Jones Lang LaSalle Inc (JLL).
https://amchamabudhabi.org/biotech/

CONTACT: Kambiz Shekdar, +971585820175

 

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SOURCE Secondcell Bio, LLC; UAE BioTech Symposium

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