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The global Robotic Vision market is expected to grow from USD 2.6 billion in 2023 to USD 4.0 billion by 2028, registering a CAGR of 9.1%

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New York, Aug. 03, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Robotic Vision Market by Type, Hardware, Software, Application, Industry, Region – Global Forecast to 2028” – https://www.reportlinker.com/p03713472/?utm_source=GNW

2D Vision Systems segment accounted for the largest share of the Robotic Vision market in 2022.
The 2D Vision Systems segment is experiencing robust growth in the market.The demand for 2D robotic vision systems is surging as industries increasingly prioritize automation, quality control, object recognition, safety, and cost-effectiveness.

These systems empower robots to perceive their surroundings, detect defects, track objects, and leverage advanced camera technology and artificial intelligence. Their ability to enhance operational efficiency, accuracy, and adaptability propels the growing adoption of 2D robotic vision systems across various sectors.

Hardware segment accounted for the largest share of the Robotic Vision market in 2022.
The demand for robotic vision hardware is experiencing a significant upswing driven by multiple factors.Industries are increasingly adopting automation, spurring the need for advanced hardware components such as cameras, sensors, and processors.

Technological advancements have led to enhanced performance, cost-effectiveness, and miniaturization of robotic vision hardware. The diverse applications across industries, integration with cutting-edge technologies like AI and machine learning, and the crucial role in achieving accurate perception and ensuring safety contribute to the escalating demand for innovative robotic vision hardware solutions.

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Electrical & Electronics Industry to account for the largest market size in 2022
Robotic vision is rapidly expanding in the electric and electronics industry, finding increasing applications in various areas.Its growth in the industry is driven by factors such as improved quality control, automated assembly and manufacturing processes, efficient testing and validation, optimized packaging and logistics, and enhanced product customization.

Robotic vision systems bring advantages like heightened productivity, superior product quality, reduced errors, and increased efficiency to the industry. As technology advances further, the adoption of robotic vision is set to continue growing, fostering innovation and transformation within the electric and electronics sector.

Asia Pacific to account for the largest market size in 2022
The robotic vision market in the Asia Pacific region is experiencing substantial growth, driven by increasing industrial automation, rising labor costs, technological advancements, a strong manufacturing sector, and government support.This technology, which combines robotics and computer vision, is being widely adopted in countries like China, Japan, South Korea, and India across various industries.

Robotic vision enables robots to perform complex tasks based on visual perception and interpretation, enhancing productivity and efficiency. As the region continues to embrace automation and robotics, the demand for robotic vision systems is expected to rise further.

The break-up of the profiles of primary participants:
• By Company Type – Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
• By Designation – C-level Executives – 45%, Directors – 35%, and Others – 20%
• By Region – North America – 35%, Asia Pacific – 30%, Europe – 25%, RoW- 10%

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The major players in the market are Cognex Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (US), Keyence Corporation (Japan)

Research Coverage:
The Robotic Vision market has been segmented into type, component, industry, and region.The Robotic Vision market was studied in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

The report describes the major drivers, restraints, challenges, and opportunities of the Robotic Vision market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Robotic Vision ecosystem.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the Robotic Vision market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.

The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
• Analysis of Key Drivers (Growing need for quality inspection with automated robotic vision, Rapid adoption of 3D vision systems in industrial robotics, Increasing demand for safety as well as quality products in the industrial sector, Increase in use of smart cameras in robotic vision), restraints (High initial cost of installation, Varying applications of industrial and end-user industries, Limited awareness of robotic vision systems), Opportunities (Government initiatives boosting industrial automation, AI and deep learning driving advancement of robotic vision, Increasing customization of robotic vision systems), Challenges (Difficulties in manufacturing of overall robotic vision systems, Programming of complex inspection tasks).
• Product Development/Innovation: Detailed insights on research & development activities and new product launches in the Robotic Vision market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Robotic Vision market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Robotic Vision market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Cognex Corporation (US), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (US), Keyence Corporation (Japan), Teledyne DALSA (Canada), Sick AG (Germany), Torvidel AS (Norway), Hexagon AB (Sweden), Advantech (Taiwan), Yaskawa America, Inc. (Japan), ISRA VISION (Germany), FANUC CORPORATION (Japan), ABB (Switzerland), Qualcomm Incorporated (US) among others in the Robotic Vision market.
Read the full report: https://www.reportlinker.com/p03713472/?utm_source=GNW

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About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
Photo – https://mma.prnewswire.com/media/2533165/p14_1_ELMO.jpg

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Artificial Intelligence

n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
Logo – https://mma.prnewswire.com/media/2271328/n2_Group_Logo.jpgLogo –  https://mma.prnewswire.com/media/2533549/XISS_Logo.jpg
 

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Artificial Intelligence

TIE 2024 Unveils a New Era of Innovation

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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.

Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en

View original content:https://www.prnewswire.co.uk/news-releases/tie-2024-unveils-a-new-era-of-innovation-302279310.html

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