Market Trends of NA Machine Vision Systems Industry
This section covers the major market trends shaping the North America Machine Vision Systems Market according to our research experts:
Smart Camera-based Expected to Witness Significant Growth
- Innovative camera-based products are gaining popularity in industries due to the high rate of product innovation and expansion of existing applications in many end-user industries. Also, smart cameras have long eased the task of designing machine vision systems. The segment has witnessed continuous innovation in recent years, including models with larger image sensors, emerging embedded vision cameras that function as smart cameras, and new cameras capable of performing deep learning and AI tasks.
- Increased image sensor resolution in smart cameras, the integration of much faster processors or embedded vision cameras with MIPI interfaces, and the increasing availability of color and monochrome options in the market, which are also gaining popularity, especially after the COVID-19 outbreak, were all innovations in the market.
- Machine vision systems can track products, raw ingredients, and packaging throughout the production process and actively trace the paths to ensure high levels of quality and safety. For instance, according to the U.S. Census Bureau, the monthly retail sales from U.S. food and beverage stores were estimated at approximately USD 76.3 billion in March 2022. These statistics indicated an increase of about 10 percent from the previous month, February 2022.
- Matrox Imaging, based in Canada, recently introduced the Matrox Iris GTX model for edge IoT devices and the next generation of intelligent cameras. The company's Matrox Iris GTX smart cameras boast an Intel Atom x6000 embedded processor that can be used for both conventional machine vision operations and deep learning inference in the form of image classification and segmentation using Matrox Design Assistant X on-device software.
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United States Expected to Witness Significant Market Share
- The country is at the forefront of automation and product innovation, providing a competitive advantage. Also, Microchip Technology Corporation introduced its Smart Embedded Vision Initiative. The ecosystem combines Microchip's low-power PolarFire FPGAs with high-speed imaging interfaces, intellectual property for image processing, and an expanded ecosystem of outside partnerships. This initiative aims to accelerate machine vision advancements for industrial, medical device, automotive, and aerospace applications. Such innovations by hardware and software vendors are expected to amplify market demand over the forecast period.
- Government initiatives, such as the Advanced Manufacturing Partnership, which is undertaken to make the industry, various universities, and the federal government invest in emerging automation technologies, are expected to increase the production of machine vision systems.
- Product innovation is still a key differentiator among market vendors.Also, many vendors are adopting partnership and acquisition strategies to gain a competitive advantage. Most hardware vendors have acquired strong software developers through partnerships or acquisitions to stay strong in the market.
- To keep production running and ensure higher quality, food and beverage manufacturers are turning to artificial intelligence (AI) to power machine vision inspection systems. AI's ability to learn and classify patterns lets machine vision technology find broken bottles, torn packaging, and other problems that can stop production and cause waste.
- Recently, a US-based company, Zebra Technologies Corporation, acquired graphical machine vision software developer Adaptive Vision and launched a new suite of machine vision smart cameras and fixed industrial scanners. With the acquisition of Adaptive Vision and its Adaptive Vision Studio and Library, Deep Learning Add-on, and WEAVER inference engine, Zebra Technologies expands its presence in the machine vision hardware and software marketplaces. The company is also introducing a new specialized track for industrial automation business partners, distributors, and systems integrators in its PartnerConnect program.
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