AI-Driven Machine Vision Solutions Boosting Growth in Manufacturing Quality Control Market
The market for Machine Vision (MV) Solutions in quality control for manufacturing is witnessing significant growth, driven by the increasing demand for efficient quality control due to regulatory requirements, evolving manufacturing techniques, and labor shortages. According to a report by technology intelligence firm ABI Research, the market for quality control machine vision is projected to reach $7.2 billion by 2028, up from $2.3 billion in 2023, propelled by the adoption of Artificial Intelligence (AI) solutions.
AI technology is playing a crucial role in accelerating and enhancing the efficiency of the MV market. Its integration enables faster inspection speeds and facilitates the movement of quality upstream. Compared to traditional software, AI systems offer greater adaptability. However, the lack of explainability in AI solutions can pose challenges, particularly in highly-regulated markets. Explainability functionality is essential for AI to gain traction in these markets. Although some AI vendors, such as Neurala, are working on incorporating explainability features into their software, it is not yet a standard feature across all solutions.
The Machine Vision ecosystem consists of various vendors specializing in different components. Leading AI providers like Neurala, Intel, Google, Landing AI, and Instrumental offer AI solutions. For cameras, companies like Sony, Teledyne, and Nikon are prominent players. Meanwhile, vendors such as Aqrose Technology, Cognex, Basler, Keyence, SICK, Omron, and Elementary Robotics focus on delivering comprehensive end-to-end MV solutions.
Factors like budget and build complexity influence the choice between off-the-shelf solutions and custom-built solutions with best-of-breed components. Smaller manufacturers are likely to opt for off-the-shelf solutions due to their affordability and simpler requirements.
ABI Research’s report, titled Industrial Machine Vision Systems: Innovations, Key Players, and Differentiators Driving Quality Management Excellence, provides insights into the MV systems landscape. The report falls under ABI Research’s Industrial and Manufacturing Technologies research service, which includes comprehensive research, data, and ABI Insights.
About ABI Research:
ABI Research is a globally recognized technology intelligence firm that serves as a bridge connecting technology solution providers and end-market companies. The company provides exclusive research and expert guidance to facilitate successful technology implementations and develop strategies aimed at attracting and retaining customers.
In conclusion, AI-driven machine vision solutions are revolutionizing the manufacturing quality control market. The integration of AI technology enhances inspection speeds and enables the movement of quality upstream. However, the lack of explainability in AI solutions presents a challenge, particularly in highly-regulated markets. With the market predicted to reach $7.2 billion by 2028, companies specializing in AI and MV solutions are well-positioned to capitalize on this growing demand.
