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Artificial Intelligence (AI) in Computer Vision Market Booming with USD 148.8 billion by 2031 Fueled by AI-Driven Innovations | SkyQuest Technology

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WESTFORD, Mass., July 8, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Computer Vision Market size was valued at USD 20.7 billion in 2022 and is poised to grow from USD 25.8 billion in 2023 to USD 148.8 billion by 2031, growing at a CAGR of 24.5% during the forecast period (2024-2031).

Intelligence (AI) in computer vision is growing rapidly due to high demand in various industries. Computer-based intelligence (AI) has become central to predictive maintenance, using CCTV and deep machine learning algorithms to accurately detect faults in many systems that highlight the importance of such technology in industries. Following the introduction of image sensors, smart cameras and deep learning algorithms, computer vision systems are on the rise and their application in various technologies is driving market growth and innovation.

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Global Artificial Intelligence (AI) in Computer Vision Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 25.8 billion

Estimated Value by 2031

USD 148.8 billion

Growth Rate

Poised to grow at a CAGR of 24.5%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Application, Component, Function, Machine Learning Models and End Use Industry

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Inception of Computer Vision Technologies Need to Inspire the AI

Key Market Drivers

Rise in Demand for Automation

Segments covered in Artificial Intelligence (AI) In Computer Vision Market are as follows:

ApplicationIndustrial (2D Machine Vision, 3D Machine Vision, Quality Assurance & Inspection), Non-industrialComponentComponentFunctionTraining, InterferenceMachine Learning ModelsSupervised Learning (Convolutional Neural Networks, Recurrent Neural Networks), Unsupervised Learning, Reinforcement LearningEnd Use IndustryAutomotive (ADAS & Infotainment, Autonomous & Semi-autonomous Vehicles), Consumer Electronics (Gaming, Cameras, Wearables, Smartphones), Healthcare (Radiology, Medical Imaging), Retail, Security & Surveillance (Biometrics, Image & Video Analytics, Ai-guided Drone-based Surveillance), Manufacturing, Agriculture (Crop Monitoring, Automated Irrigation Systems), Transportation & Logistics, Others

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/ai-in-computer-vision-market

End User Innovation: Harnessing AI in Computer Vision in Healthcare Segment

The healthcare industry is a major player in the global market in computer vision as it is a multi-use area with a very significant impact on care and disease diagnosis. Today, computer vision technology powered by artificial intelligence (AI) is used in medical imaging, diagnosis, surgical planning and patient health outside Computer vision systems can view medical images such as X-rays, MRI and CT scans for abnormalities. Early detection and insights required for healthcare professionals with AI working. The reason for its use is the desire to provide medical imaging and diagnostic tests with accuracy, efficiency and it’s expensive.

On the other hand, the fastest growing area of AI in the computer vision industry is in the automotive field. With the integration of AI into cars, the automotive industry is being transformed with the help of computer vision technology. Computer vision systems provide ADAS and automation features with their own technological capabilities. These systems can analyze real-time visual data from cameras and sensors to detect objects, identify pedestrians, understand traffic signs, and act as navigational guides. The automotive world is allocating significant funding to AI-powered computer vision systems when changing safety, driving, and even autonomous driving.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/ai-in-computer-vision-market

Software Segment: Powering the AI Revolution

The software segment emerged as the largest market segment in the market. With increased deep learning algorithms and neural networks, the accuracy and efficiency of deep vision algorithms has dramatically increased the dominance of this segment the size of AI, deep learning algorithms, image recognition software, video analysis tools and AI based algorithms. The software component represents the basis for training AI models, for object recognition, image segmentation, and facial recognition, as well as most tasks associated with computer vision.

On the other hand, by 2023, the hardware segment will grow at a CAGR of 19.5% and has emerged as the fastest growing segment in artificial intelligence (AI) in the computer vision market. As artificial intelligence is increasingly being used in industry, these solutions are needed in a variety of applications to maximize efficiency.

Envisioning Tomorrow: The Future of Artificial Intelligence (AI) in Computer Vision Market

Artificial intelligence (AI) has revolutionized computer vision, unlocking unprecedented capabilities in image and video analysis. The market is poised for tremendous growth driven by advances in deep learning, neural networks and computing power. These technologies have enabled deployments from autonomous and front-end vehicles discovery to medical imaging and industrial devices.

Looking ahead, AI is set to spread further into the market as AI systems become more sophisticated and accessible. Emerging trends such as edge AI, interpretable AI, and integration of AI into Internet of Things (IoT) devices will shape the future.

Related Report:

AI Market 

Artificial Intelligence of Things (AIoT) Market

Edge Artificial Intelligence (AI) Market

Mobile Artificial Intelligence (AI) Market

Artificial Intelligence (AI) Hardware Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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BMO Named Best Bank in North America, Western U.S. and Transaction Banking in North America by Global Finance

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Recognition highlights BMO’s investment in artificial intelligence, digital innovation and client experience 

TORONTO and CHICAGO and SAN FRANCISCO, June 18, 2026 /CNW/ – BMO today announced it has been recognized by Global Finance with three top honours: Best Bank in North America, Best Bank in the Western United States, and Best Bank for Transaction Banking in North America, spanning the publication’s World’s Best Banks and Treasury & Cash Management Awards programmes.

The recognition reflects BMO’s strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions.

Together, the awards underscore BMO’s progress in scaling digital capabilities, advancing AI across its operations, and deepening client relationships to deliver more connected, innovative and client-focused banking experiences.

“Team BMO is focused on helping our clients make real financial progress with expert advice, innovative products and services, and world-class experiences,” said Darryl White, CEO, BMO Financial Group. “By integrating AI across our business, we’re personalizing client experiences, augmenting our teams with deeper insights, and automating how we deliver simpler, more proactive support – this recognition reflects our client commitment, the strength of our North American platform, and disciplined execution of our strategy.”

The Global Finance World’s Best Banks awards recognize financial institutions that demonstrate strong financial performance, strategic growth, and innovation in products and services.

“Being named Best Bank in the Western U.S. speaks to the momentum we’re building in key markets and the way our teams are showing up for clients every day,” said Darrel Hackett, U.S. CEO, BMO. “We’re focused on making banking more simple, connected and personal by combining strong local relationships with the scale and capabilities of a leading U.S. bank.”

Across North America, BMO continues to invest in technology and innovation to enhance the client experience – expanding digital capabilities and embedding AI across client engagement, risk management and operations. These investments are driving faster decisions, deeper insights and more connected financial services.

“We’re proud to be recognized for our leadership in transaction banking across North America. Our focus is clear – deliver smarter, faster and more connected treasury and payment solutions for clients,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, BMO. “By combining innovation, data and AI, we’re helping clients manage liquidity and drive their businesses forward.”

BMO has earned global recognition for AI talent development, reflecting its enterprise-wide approach to building and scaling advanced capabilities. With AI adoption exceeding 96% across employees and intelligent agents supporting frontline and operational teams, AI is embedded across the bank’s businesses. Guided by strong Responsible AI governance, BMO continues to advance AI and quantum innovation through the BMO Institute for Applied AI and Quantum – personalizing client experiences, augmenting teams and automating operations at scale.

To learn more about BMO’s AI and digital-first strategy, please visit: https://www.bmo.com/en-ca/main/about-bmo/our-impact/clients/technology-innovation/.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

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SOURCE BMO Financial Group – Communications

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HawkEye 360 Announces New Leadership for Innovative Signal Analysis

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HERNDON, Va., June 18, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced leadership changes within Innovative Signal Analysis (ISA), now part of HawkEye 360, appointing Cory Peichel as Senior Vice President and General Manager of HawkEye–ISA and Mark Volpi as Vice President and Deputy General Manager.

Cory will serve as the executive leader, responsible for end‑to‑end business performance. Reporting directly to the Chief Operating Officer of HawkEye 360, he will guide mission delivery excellence and serve as the senior customer‑facing executive for HawkEye–ISA. He will also lead the business sectors and functional disciplines responsible for delivering solutions and capabilities to address customer requirements and ensure disciplined execution across all portfolios.

Mark will serve as the deputy, supporting all aspects of strategic execution, operational performance, and customer engagement. His role will reinforce leadership continuity and strengthen alignment across the organization.

Both leaders bring significant technical expertise, deep knowledge of ISA’s mission, and a strong track record across the defense and intelligence community. They played key roles in integrating ISA with HawkEye 360 and have helped guide the organization through its transition to becoming a new public company with HawkEye 360’s IPO in May. Their practical leadership and customer‑focused approach continue to support how our teams adapt and work together in this new phase of growth.

“This leadership transition strengthens our commitment to delivering sophisticated, timely, and high‑confidence analytics to our defense, intelligence, and national security partners,” said Todd Probert, Chief Operating Officer of HawkEye 360. “Cory and Mark’s technical insight, operational discipline, and long‑standing mission focus position HawkEye–ISA for continued growth. Their leadership will help accelerate innovation and expand the value we deliver through advanced analytics and RF data solutions.”

The enhanced leadership structure reinforces HawkEye 360’s dedication to supporting critical national security missions, expanding advanced analytic capabilities, and delivering faster, more accurate insights that empower customers with the information advantage needed to address emerging threats.

We extend our sincere appreciation to ISA’s Founders, Stacy Kniffen and David Stevens, for their leadership and dedication to the defense and intelligence mission. We are grateful that they will continue to support the organization and the commitments we have made to provide world-class solutions to our customers.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical electronic warfare to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical fact, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s final prospectus related to its initial public offering, dated May 6, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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SOURCE HawkEye 360 Inc.

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The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026

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MAUMEE, Ohio, June 18, 2026 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2026 cash dividend of 20 cents ($0.20) per share payable on July 22, 2026, to shareholders of record as of July 01, 2026.

This is The Andersons 119th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

About The Andersons, Inc.

The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.  

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SOURCE The Andersons, Inc.

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