Artificial Intelligence
Industrial Camera Market to Surpass US$ 21.7 billion in 2031, Expanding at a CAGR of 5.4% | Exclusive Report by Transparency Market Research
Wilmington, Delaware, United States, July 06, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global industrial camera market size stood at US$ 13.0 Bn in 2021. It is estimated to grow at a CAGR of 5.4% from 2022 to 2031 and reach US$ 21.7 Bn by the end of 2031.
The rapid adoption of automation and the implementation of Industry 4.0 principles in various industries drive the demand for industrial cameras. Increasing demand for zero-error tolerance, artificial intelligence, and deep learning systems is expected to boost market growth during the forecast period.
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Market Snapshot:
Report Coverage | Details | |
Market Revenue | US$ 13.0 Bn | |
Estimated Value | US$ 21.7 Bn | |
Growth Rate – CAGR | 5.4% | |
Forecast Period | 2022–2031 | |
No. of Pages | 204 Pages | |
Market Segmentation | Product Type, Application, Interface Standard, Sensor Type, End-use, Interface Standards, By Application | |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America | |
Companies Covered | Allied Vision Technologies GmbH, FLIR Machine Vision, IMPERX, Inc., Industrial Video & Control Co., JAI, Jenoptik, Keyence Corporation, PixeLINK, Teledyne DALSA. |
Competitive Landscape
Transparency Market Research has profiled the following players in its global industrial camera market report:
Allied Vision Technologies GmbH, FLIR Machine Vision, IMPERX, Inc., Industrial Video & Control Co., JAI, Jenoptik, Keyence Corporation, PixeLINK, Teledyne DALSA.
- Teledyne Technologies, a leading provider of industrial imaging solutions, announced the acquisition of FLIR Systems, a company specializing in thermal imaging cameras. This acquisition expanded Teledyne’s product portfolio and strengthened its position in the industrial camera market.
- FLIR Systems, before its acquisition by Teledyne, launched innovative thermal imaging cameras for industrial applications. These cameras offered improved thermal sensitivity, enhanced image quality, and advanced connectivity options to facilitate predictive maintenance, quality control, and process monitoring in various industries.
With increased emphasis on quality control and inspection across industries to ensure product integrity and compliance with standards, and increased application in various end-use industries the demand for the industrial camera market increases.
Growing technological advancements in industrial cameras, such as imaging technologies, improved sensor capabilities, higher resolutions, enhanced image processing algorithms, and increased demand for robotic vision cameras contribute to the growth of the industrial camera market.
Increasing demand for effective quality control and inspection in manufacturing processes, the demand for industrial cameras with high-resolution imaging, accurate measurements, and real-time monitoring, is expected to increase during the forecast period.
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Key Takeaways from the Market Report
- As of 2023, the industrial camera market is forecast to reach US$ 14.4 billion
- By product type, demand for area scan cameras is rising significantly due to their ability rapidly scan defined area
- Based on interface standard, the USB 3.0 segment is expected to account for a significant market share
- Based on end-use, the industrial manufacturing segment is expected to generate high revenue during the forecast period.
Industrial Camera Market: Prominent Drivers and Trends
- Increased technological advances and increased application of smart camera technology are creating opportunities for industrial camera market growth.
- Increased industrialization and rapid expansion of manufacturing and automotive industries the demand for industrial cameras increases.
- Manufacturers are focusing on developing smart cameras with AI applications to cater to different customer requirements.
Industrial Camera Market: Regional Analysis
- North America is a significant market for industrial cameras, driven by the presence of industries such as automotive, manufacturing, aerospace, and defense. The region’s focus on automation, robotics, quality control, and inspection systems contributes to the demand for high-performance industrial cameras. Technological advancements, research and development activities, and a strong emphasis on machine vision applications further support market growth in this region.
- Asia Pacific is a rapidly growing market for industrial cameras, fueled by the expansion of manufacturing industries, automotive production, and the increasing adoption of automation and robotics. The region’s large population, rising disposable incomes, and investments in infrastructure projects in countries like China, Japan, South Korea, and India contribute to market growth.
Industrial Camera Market Segmentation
Product Type
- Area Scan Camera
- Line Scan Camera
- 3D Camera
- Others (Thermographic Camera, Microscopy Camera, etc.)
Application
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others (Traffic Control, etc.)
Interface Standard
- GigE Vision
- USB 3.0
- Camera Link
- CoaXPress
- FireWire
- Others (Pixel-shift, etc.)
Sensor Type
End-use
- Industrial Manufacturing
- Automotive
- Food & Beverage
- Oil & Gas
- Mining
- Medical
- Others (Packaging & Printing, etc.)
Interface Standards, By Application
GigE Vision
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
USB 3.0
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
Camera Link
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
CoaXPress
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
FireWire
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
Others (Pixel-Shift, etc.)
- Quality Assurance and Inspection
- Measurement
- Positioning and Guidance
- Others
Distribution Channel
- Direct Sales
- Indirect Sales
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Artificial Intelligence
Compact Solutions, Mighty Results: Cervoz Unleashes the Power of Edge Computing
TAIPEI, May 20, 2024 /PRNewswire/ — Cervoz Technology, a leader in industrial-grade storage, memory, and expansion solutions, is powering the evolution of edge computing with its innovative solutions.
In today’s data-rich landscape, businesses rely on insights from IoT devices. With advancements in AI and 5G, data volumes surge, straining traditional cloud computing with bandwidth and latency issues. Edge Computing emerges as a solution, processing data at its source for real-time insights crucial for applications like digital twins, autonomous vehicles, and smart healthcare.
What is Edge Computing?
Edge Computing is a decentralized IT architecture that processes data near its origin, often at the network’s edge. This approach divides tasks from central data centers to edge devices and nodes. It enables faster, deeper insights and enhances responsiveness, improving speed and reducing latency compared to centralized clouds. Typically, an Edge Computing system comprises three layers: device, edge, and cloud.
The Device Layer
The device layer, situated closest to the physical world, comprises endpoint devices such as sensors, controllers, and cameras, among others. The layer prioritizes data collection and initial processing for real-time response and efficiency. It requires highly reliable, compact, and energy-efficient components. Cervoz’s M.2 2230 (A+E key /B+M key) NVMe SSDs and DDR4 SO-DIMM modules optimize this setup with fast data access and efficient storage in space-saving designs. They operate reliably across a wide temperature range (-40°C to 85°C) and feature additional conformal coating and anti-vibration filling for enhanced performance in harsh environments.
The Edge Layer
The edge layer, composed of edge servers and gateways, serves as a crucial link between device-layer data sources and cloud-based operations. It is designed for extensive data handling, filtering, and analytics, emphasizing quick operations and real-time responses to minimize reliance on remote data centers. For optimal performance, components must manage high processing loads with minimal latency and maximum stability. NVMe SSDs boasting PCIe Gen3 or higher, such as the Cervoz NVMe PCIe Gen3x4 SSD, with compact M.2 form factors, advanced DRAM cache buffer, and LDPC ECC technology, are perfectly suited for the edge layer. These SSDs enable efficient directory and error correction during high-speed data transfers, thus enhancing data accuracy and reliability.
The Cloud Layer
The cloud layer requires intensive processing and long-term storage, performing analytics, operating AI and machine learning, and managing extensive data systems across various edge locations. It demands high-performing and reliable components. Cervoz NVMe PCIe Gen4x4 SSDs excel with Read/Write speeds of up to 7,100/6,190 MB/s and 4K random IOPS up to 1,000K, with aluminum heatsinks and thermal throttling for overheating issues. DDR5-5600 DRAM boosts this setup with high data throughput and efficient power use, satisfying rigorous computational needs.
Interlayer Connectivity
Reliable, low-latency network connectivity is crucial as data flows between the device layer, edge, and cloud. Cervoz 10GbE Low-Profile Ethernet Card provides high-speed, stable wired connections in high-bandwidth, low-latency environments. Additionally, the new PCIe Compact Low-Profile Ethernet Card is ideal for narrow edge device enclosures. For areas where wiring is impractical, M.2 Wi-Fi cards offer essential wireless flexibility. These connectivity options ensure a solid foundation for seamless data management across all layers.
Cervoz offers comprehensive solutions to enhance edge computing capabilities. From compact NVMe SSDs and DRAM modules, to advanced modular expansion cards, enabling seamless integration, optimized performance, and unmatched reliability in edge computing deployments.
About Cervoz
Based in Taiwan, Cervoz Technology boasts almost twenty years of expertise in developing and providing industrial-grade storage, memory, and expansion solutions across a myriad of global industrial sectors.
ContactsSales: [email protected]
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Artificial Intelligence
Team Exponentia.ai UK attended the AWS summit in London
Team Exponentia.ai UK celebrates Sanjay Kumar’s insightful session at the AWS summit in London
LONDON, May 20, 2024 /PRNewswire/ — Sanjay Kumar, Head of Exponentia.ai in UK & Europe, delivered an impactful presentation on Driving Manufacturing Innovation through AWS Analytics & AI. The recently concluded AWS Summit took place on the 24th of April in ExCeL, London.
Sanjay shared the stage at Theatre B with Adrian Pinder from DS Smith and Ahmed Raafat from AWS, captivating the audience with insights and experiences from Exponentia.ai’s collaboration with DS Smith.
During the session, Sanjay Kumar highlighted Exponentia.ai’s impressive use cases and case studies, including the Data Factory and Procurement Spend Analytics (PSA) projects undertaken in partnership with DS Smith. These initiatives demonstrated Exponentia.ai’s commitment to leveraging the AWS ecosystem to drive operational efficiency and business growth in the manufacturing sector.
The Exponentia.ai team seized the opportunity to engage with industry peers, partners, and friends, while also exploring the latest innovations showcased at the summit. Their participation in various sessions and visits to innovative booths further enriched their understanding of industry trends and best practices.
Reflecting on the event, Sanjay Kumar expressed his enthusiasm, stating, “The AWS Summit in London provided an excellent platform for us to showcase our expertise in manufacturing analytics and AI. The overwhelming response from attendees reaffirms the value of our solutions in driving innovation and transformation across industries and our commitment to deliver value to our customers through data. We look forward to continuing our collaboration with AWS and our partners to deliver impactful outcomes for our clients.”
The AWS Summit London 2024 marked a significant milestone for Exponentia.ai, reinstating its commitment to excellence and innovation in the field of AI and analytics. As the team eagerly anticipates future events, they remain dedicated to empowering businesses with transformative technology solutions.
For more information about Exponentia.ai and its innovative offerings, please visit www.exponentia.ai.
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Artificial Intelligence
Clarivate Launches AI-Enhanced Solution to Accelerate Trademark Watching
Providing faster and more accurate answers to critical business questions
LONDON, May 20, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.
Trademark Watch Analyzer connects users to trademark datasets in 258 countries and territories across 191 official trademark registers, as well as data from 7+ million trademark litigation cases. This content is harmonized and connected through AI algorithms which query, connect and mine both datasets delivering advanced insights in supported watch products. This revolutionizes the way trademark watch results are delivered, so that clients can rank results based on their chance of success/opposition.
According to data from SAEGIS®, a CompuMark™ trademark solution from Clarivate, the number of trademark applications filed globally each year has more than doubled since 2014. With over one million new trademarks added to trademark registers around the world each month, the risk of infringement has never been greater, making vigilance of trademark applications essential to protect and grow strong brands.
Gordon Samson, President, Intellectual Property, Clarivate, said: “As the global business landscape grows more complex, trademark professionals are faced with challenges including more data, less context and shorter deadlines. Our advanced AI-driven solution enables clients to confidently monitor their trademarks anywhere in the world, with global monitoring and automated alerts, while also saving time, costs and critical resources. The launch of the Trademark Watch Analyzer is the latest example of our Think forward™ promise — connecting clients to trusted intelligence to ensure an IP-empowered tomorrow.”
With a more intuitive design and user interface, Trademark Watch Analyzer will enable clients to have a much-improved user experience as they work with their results. The navigation will be based on the same architecture as the Brand Landscape Analyzer launched in 2023, providing clients with a more cohesive experience within the Clarivate product suite.
Find out more about Trademark Watch Analyzer here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact: Jack Wan, External Communications Director [email protected]
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