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Enhancing Product Quality: Surface Inspection Market to Flourish with US$ 7.6 Billion in Revenue by 2033 | Persistence Market Research

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New York, July 10, 2023 (GLOBE NEWSWIRE) — Persistence Market Research (PMR) predicts sales of surface inspection solutions to reach US$ 3.7 billion in 2023. The market is likely to exhibit 7.3% CAGR during the forecast period 2023 to 2033.

The market is set top US$ 7.6 billion by 2033-end. The computer-based deployment division of surface inspection market is anticipated to monopolize the global market during the forecast period. It is estimated to propel at 7.2% CAGR over the forecast period.

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The surface inspection industry has witnessed several trends and drivers over the past few years. One significant trend in this market is the increasing demand for automated surface inspection solutions. As industries look for cost-effective and time-efficient ways to inspect surfaces, automated surface inspection solutions have become a popular choice.

Another trend is the adoption of machine learning and artificial intelligence (AI) in surface inspection systems. With the help of AI, surface inspection solutions can detect surface defects and anomalies with greater accuracy and efficiency. This helps reduce operating costs for users.

Advancement in technology such as image processing, artificial intelligence, and deep learning have significantly improved capabilities of these systems. They can now detect and classify defects with high accuracy and reliability.

Growing demand for quality assurance in manufacturing processes is one of the primary drivers of the surface inspection market. Businesses are looking for ways to reduce defects, eliminate errors and improve the overall quality of their products. Surface inspection solutions provide an efficient way to achieve this goal.

The demand for 3D surface systems is also expected to drive sales in the surface inspection industry during the forecast period. These systems capture and analyse three-dimensional data, allowing for more comprehensive defect detection and measurement. They are particularly useful in sectors such as automotive, aerospace, and electronics.

Different sectors have unique surface inspection requirements. As a result, there is a trend towards the development of industry-specific solutions tailored to address specific needs. This includes solutions for sectors like automotive, electronics, pharmaceutical, food and beverages, and more.

The stringent regulations set by governments and industry bodies regarding product quality and safety are also driving the surface inspection industry. The need to comply with these regulations is driving the adoption of surface inspection solutions across several verticals.

Rise of Industry 4.0 and the Internet of Things (IoT) is expected to drive the demand for intelligent surface inspection systems that can integrate with other automated manufacturing processes. Increasing demand for high-quality products and regulatory compliance is expected to keep demand high through the forecast period. These factors are anticipated to present key revenue generating opportunities for manufacturers over the forecast period.

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Key Takeaways from the Surface Inspection Market Report:

  • The global surface inspection industry is projected to be valued at US$ 3.7 billion in the year 2023.
  • The United Sates is set to reach US$ 2.4 billion in the global surface inspection industry by 2033.
  • China is likely to surpass 8.2% CAGR in the market between 2023 and 2033.
  • By deployment type, computer-based segment is expected to expand at 7.2% CAGR in between 2023 and 2033
  • Based on surface type, 3D division is poised soar at 7.1% CAGR in the global market from 2023 to 2033.

“Growing demand for automated surface inspection in manufacturing processes is likely to drive sales through 2033. Manufacturers are offering innovative and customized solutions to specific industries and for different surface types to increase their customer base.” – says a lead analyst at PMR

Who is Winning?

Key players in the surface inspection market are adopting various strategies to succeed in the competitive industry. These strategies include mergers and acquisitions, partnerships and collaborations, and product innovation and differentiation.

Top Key players in surface inspection market include Omron Corporation, Panasonic Corporation, Keyence Corporation, Cognex Corporation, Teledyne Technologies, Inc, Basler AG, ISRA Vision AG (Atlas Copco), Ametek, Inc, VITRONIC Machine Vision, Matrox Electronic Systems Ltd.

In terms of mergers and acquisitions, companies are acquiring smaller players to expand their product offerings and market share. They are also implementing product innovation and differentiation as important strategies for companies to stay competitive in the market. Key players are investing heavily in research and development to develop innovative surface inspection systems with unique features and functionalities.

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Recent development:

  • In December 2022, Hitachi High-Tech Corporation introduced the LS9600, a novel technology for detecting particles and faults on non-patterned wafer areas.
  • In October 2021, Ametek Surface Vision has introduced a variety of specialist system support services to ensure that its auditing and tracking solutions operate at peak performance for the duration of their lives. The newly formed AMECare Performance Services are expected to help clients throughout their system lifecycles, according to the business.

More Insights Available

Persistence Market Research (PMR), in its new offering, presents an unbiased analysis of the surface inspection market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals segments segmented surface inspection industry segmented by surface type (2D and 3D), by deployment type (computer based and camera based) by component (cameras, lighting equipment, processors, software, frame grabbers & optics, and others) and across several regions.

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About the ICT (Semiconductors & Electronics) Division at Persistence Market Research (PMR)

Persistence Market Research’s (PMR) highly experienced semiconductor and electronics team aids companies from all over the world with their specific business intelligence needs through professional research, actionable insights, and strategic recommendations. With a library of over a thousand research and 1 million+ data points, the team has spent over a decade analyzing the technology business across 50+ countries. From start to end, the company provides unrivaled research and consulting services. Please get in touch with us to see how we can help.

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Persistence Market Research 
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Artificial Intelligence

CUJO AI Hits 3 Billion Devices, With EE Also Revealed As Latest Client

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CUJO AI is the first device intelligence and cybersecurity service provider to reach an unprecedented scale within carrier production networks.
LOS ANGELES, May 22, 2024 /PRNewswire/ — CUJO AI, the global leader in AI-driven cybersecurity and device intelligence, has reached an unprecedented scale, with over 3 billion devices identified and protected by its solutions worldwide. This significant milestone coincides with the confirmation of its collaboration with EE, one of the United Kingdom’s leading telecommunications providers.

With billions of devices connecting to the internet, the role of CUJO AI in shaping the future of digital security through device intelligence has never been more critical. By leveraging advanced AI and machine learning algorithms, CUJO AI offers network operators and service providers unparalleled insights into device behaviour, security needs, and operational health. These capabilities enable network service providers to optimize network management, enhance user experiences, and provide robust security measures that proactively protect against emerging threats.
“Crossing the 3 billion device threshold is not just a testament to our technological prowess, but also to the trust we have built with leading telecom giants around the world, including our latest engagement with EE,” said Remko Vos, CEO of CUJO AI. “This relationship reflects our shared vision to provide a secure and superior digital experience by leveraging our AI-driven solutions to protect users worldwide.”
CUJO AI has been working with EE to provide integrated cybersecurity solutions for its latest range of home routers launched last year, including support for the newly launched Smart Hub Plus.
Trusted by global telecommunications giants like Comcast, Charter Communications, TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron, EE CUJO AI provides actionable, real-time data insights. This translates into superior network management, heightened security, and unmatched customer satisfaction.
About CUJO AI
CUJO AI enhances the ability to understand, serve, and protect their customers with advanced cybersecurity, along with granular network and device intelligence for network service providers. Covering 3 billion connected devices, CUJO AI’s advanced AI algorithms assist clients in uncovering previously unavailable insights, thereby elevating customer experience and retention through new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI’s services are trusted by the largest broadband operators worldwide, including Comcast, Charter Communications, BT (EE), TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron. More information is available at https://cujo.com.
CONTACT: Viktorija Vilke, [email protected]
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Artificial Intelligence

EDGNEX Data Centres by DAMAC Announces a 15 MW Data Center Investment in Indonesia

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JAKARTA, Indonesia, May 22, 2024 /PRNewswire/ — EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its investment into the Indonesian market with a state-of-the-art data center to be built in Jakarta. This announcement was made at the Indonesia Cloud & Datacenter Convention 2024 on May 16, 2024. The first phase of the construction is scheduled to be completed in the fourth quarter of 2025, marking a significant step in the company’s strategic efforts to support the dynamic digital economy and startup ecosystem in Southeast Asia’s fastest-growing country.[1]

Indonesia, as the largest economy in Southeast Asia, experienced a growth rate of 5% year-on-year from January to March 2023. Currently, Jakarta is preparing to increase its data center capacity to 1GW. To support this growth, more colocation data centers adhering to sustainable Tier III standards and offering high uptime and reliability are needed to meet the rising demand for internet usage in the region.[2]
In response to these needs, EDGNEX is providing a foundation for innovation and disrupting the data center market by delivering advanced technology to meet the increasing demand from Cloud Service Providers (CSP) and AI deployments.[3]
Hussain Sajwani, Founder and Chairman of the DAMAC Group, commented, “EDGNEX identifies and invests in present and next-generation digital hubs. The government’s robust digitalisation efforts, high internet penetration and a tech-savvy, youthful demographic, necessitate advanced infrastructure to support the burgeoning digital economy. With this announcement we are pleased to support the government’s efforts and to bring our expertise in setting new standards for data centres in Southeast Asia, catalysing further technological innovation and growth across the region.”
The new data center is strategically located in MT Haryono, Jakarta, just 3 kilometers from one of the most interconnected data center clusters – the most important internet exchange point in central Jakarta. This facility will have dual road access and excellent fiber optic connectivity, ensuring enhanced service reliability and superior performance to meet the evolving demands of customers.
Danish Nayar, SVP of Investments and Acquisitions, DAMAC Capital, added: “We are excited by the growth opportunities in Jakarta. Our new facility in downtown Jakarta will address the growing demand for Cloud Service Providers, Edge Nodes, and potential Artificial Intelligence deployments. We are also investing in a similar format across SEA and globally.”
[1]Data Center Trends Report Equinix 2023[2] Data Center Trends Report Equinix 2023 [3] Equinix: Southeast Asian Markets are Emerging as a Powerhouse for Digital Growth
About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services. 
Where We Go, Others Follow. www.edgnex.com
For media inquiries, please contact:Image DynamicsNajla [email protected]+62813-2090-9717Angelina [email protected]+62812-9942-7117
 
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Artificial Intelligence

VisionFlow Launches Talkit: Revolutionizing language learning with a westworld-like immersive 3D world

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PARIS, May 22, 2024 /PRNewswire/ — VisionFlow, an innovative AI-native startup, announces the launch of Talkit in France, a 3D world app powered by generative AI that revolutionizes spoken English learning with a personalized, engaging, and immersive experience.

From May 22 to 25, VisionFlow will showcase Talkit at VivaTechnology, demonstrating its capabilities on both smartphones and the Apple Vision Pro headset for an enhanced immersive experience. Following its initial launch, Talkit will also be available on Google Play and Apple Vision Pro in June.
Talkit differentiates itself from traditional teaching methods by offering an exceptionally adaptive approach to language learning. Users are immersed in a virtual world where they can improve their spoken English skills through real-time, tailored scenarios. With customizable avatars, users can choose from various learning themes, such as preparing for travel, practicing for interviews, and even simulating medical emergencies, all accessible from their smartphones anytime, anywhere.
VisionFlow leverages generative AI technologies to power the engaging learning experience in Talkit. It is a scenario creation loop that personalizes content, difficulty levels, and interactive experiences. This dynamic, seamless, and exclusive generation process adjusts learning points to each user’s language proficiency.
By analyzing users’ input and progress, Talkit breaks down learning goals and needs into multiple personalized scenarios and exercises, helping them truly improve their language expression and communication skills.
As users continue to interact with avatars, their conversations are continuously memorized, enabling Talkit to better understand each user over time, thereby fostering a strong sense of connection with the virtual characters.
About VisionFlow
Founded by Leo Liu in 2023, VisionFlow aims to create a 3D world for 2 billion language learners worldwide, delivering a personalized and immersive language learning experience. Leo Liu is a renowned AI educational technology entrepreneur, founder of the unicorn Knowbox, and the driving force behind the Homework Box AI learning app, which is used by over 100,000 schools and 100 million students to improve their grades. VisionFlow’s core team consists of experts from leading internet giants and top online education companies, bringing extensive expertise in AI products and technology, global growth strategies, and data-driven operations.
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