Artificial Intelligence Driving Quality Control Machine Vision Market to US$7.2 Billion by 2028
Wednesday, January 10, 2024
NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Machine Vision (MV) Solutions for quality control in manufacturing are becoming ever more essential for manufacturers due to increased regulatory requirements, new manufacturing techniques, and crippling labor shortages. According to a new report from global technology intelligence firm ABI Research, the market is facing a period of significant evolution due to the growing presence of Artificial Intelligence (AI) solutions acting as an enabling technology, which will fuel growth in the quality control machine vision market to reach US$7.2 billion by 2028, up from US$2.3 billion in 2023.
"AI is accelerating and improving the efficiency of the MV market. It increases inspection speeds and enables the movement of quality upstream, and AI systems are more adaptable than traditional software. However, although many AI solutions can easily integrate with existing MV hardware and software, making it a low-hanging fruit for manufacturers to leverage, its lack of explainability can be challenging. Without this functionality, AI could struggle to make traction in high-regulation markets," explains James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research. "While some AI vendors are making great strides to support their software with explainability functionality, such as Neurala, it is not a standard feature on all solutions yet."
The MV ecosystem comprises a wide range of vendors, with many specializing in providing best-of-breed components, such as Neurala, Intel, Google, Landing AI, and Instrumental for AI, and Sony, Teledyne, and Nikon for cameras. Other vendors focus on providing robust end-to-end MV solutions, including Aqrose Technology, Cognex, Basler, Keyence, SICK, Omron, and Elementary Robotics.
"For most manufacturers, budget and build complexity will be the defining factor for choosing off-the-shelf solutions and build-your-own with best-of-breed component deployments. Smaller manufacturers will likely find the greatest use for off-the-shelf solutions due to their lower cost and simpler requirements," Prestwood concludes.
These findings are from ABI Research's Industrial Machine Vision Systems: Innovations, Key Players, and Differentiators Driving Quality Management Excellence report. This report is part of the company's Industrial and Manufacturing Technologies research service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research????????????????????????????????????????????????????????????????????????????????????????????????????
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-driving-quality-control-machine-vision-market-to-us7-2-billion-by-2028--302023881.html
SOURCE ABI Research
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
Einride and IonQ Partnership Uses Quantum Computing to Optimize the Logistics of Electric and Autonomous Freight | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
Fresco Raises EUR15m Series C to Power the Future of AI-Driven Cooking and the Connected Kitchen Ecosystem | Jan 22, 2026
|
|
Cellid and Jig.jp Jointly Develop AR Glasses | Jan 22, 2026
|
|
|
