Artificial Intelligence to drive quality control machine vision market
February 2024
News
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 labour 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 AI solutions acting as an enabling technology. This will fuel growth in the quality control machine vision market to reach $7,2 billion by 2028, up from $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 systems 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.
“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 components. Smaller manufacturers will likely find the greatest use for off-the-shelf solutions due to their lower cost and simpler requirements,” Prestwood concludes.
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