Machine Vision Market: Transformative Industrial Applications With the potential to solve complex industrial tasks reliably and consistently, machine vision is employed in a variety of applications. These include electronic component analysis, material inspection, and pattern and object recognition, in addition to validating currency, optical characters, and signatures. According to Inkwood Research, the global machine vision market is projected to progress with a CAGR of 5.54% during the forecasted period of 2023 to 2032. Moreover, the market is set to acquire a revenue share of $19069.88 million by 2032. Machine vision utilizes the latest artificial intelligence (AI) technologies to provide industrial equipment with the ability to see and analyze tasks in avenues like quality control, smart manufacturing, and worker safety. Aligning with this, let’s explore how machine vision is transforming the operations and functionality of various industries globally – 1. Manufacturing – Machine vision in the field of manufacturing can significantly boost product quality and system efficiency. By integrating this technology into production lines, manufacturers can achieve higher throughput, empower staff to focus on high-value tasks and optimize labor costs. A successful example of this synergy can be witnessed in Audi’s collaboration with Intel and Nebbiolo Technologies. Through the incorporation of predictive analytics and machine learning algorithms in weld inspection and quality-control processes, Audi experienced a notable increase in daily weld analysis, reduced labor expenses, and a shift towards proactive monitoring. This transformation also enabled Audi to prevent issues before they occur, rather than merely reacting to them, thus streamlining the luxury vehicle manufacturer’s production operations for better outcomes. 2. Electronics – With the advent of new manufacturing technologies and processes in the semiconductor and electronics industries, the demand for machine vision has surged. Customers are recognizing its pivotal role in maintaining high yields and profitability, both in traditional applications and emerging ones. Some of the developments in this regard include –
OMRON Corporation (Japan) launched the PCB inspection system VT-S10 Series, featuring an industry-first imaging technique as well as artificial intelligence in order to automate the high-precision inspection process for electronic substrates. This machine vision advancement eliminates the need for specialist skills, streamlining the inspection process for enhanced efficiency and accuracy. Cognex In-Sight 2D Machine Vision Systems by Cognex Corporation (United States) has the ability to identify and inspect various components and parts. These industrial-grade, self-contained vision systems amalgamate a collection of advanced vision tools with high-speed image acquisition as well as processing for enhanced efficiency and precision.