• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Report: Machine Vision Market Expected to Grow Leading Up to 2024

August 26, 2019

“For instance, cameras that can read license plates will enable automated toll collection, while cars with machine vision capabilities would be able to identify cyclists and pedestrians and stop them accordingly…”

Report: Machine Vision Market Expected to Grow Leading Up to 2024

ResearchAndMarkets.com has released a new report on the machine vision market that forecasts growing demand for 2D and 3D machine vision technology leading up to 2024. The research firm attributes much of that growth to the industrial sector, where machine learning facilitates automation and regulatory compliance.

That’s particularly true in manufacturing operations, which includes everything from electronics to pharmaceuticals and medical devices to consumer goods. Machine vision allows for the creation of better industrial robots and helps ensure quality control.

Other applications of machine vision include IoT applications, drone navigation, and traffic management and surveillance. For instance, cameras that can read license plates will enable automated toll collection, while cars with machine vision capabilities would be able to identify cyclists and pedestrians and stop them accordingly. That could be a potentially life-saving safety feature, which is why the research firm predicts that machine vision will become more widespread as people become more comfortable with the technology.

The report goes on to include an analysis of the market in different regions. It also includes profiles of dozens of companies and manufacturers working in the machine vision space.

Filed Under: Industry News Tagged With: AI, Artificial Intelligence, automation, computer vision, industry trends, Internet of Things, IoT, machine vision, market forecasts, market reports

Related News & Articles

BioCatch Makes Big LATAM Play with Seven New Bank Partnerships

Signicat Lets Twikey Customers Authorize Payments with e-Signatures

Microsoft to Enable Gemalto eSIM Provisioning for IoT Devices

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • With AFCU Onboard, Utah Plans Selfie Enrollment for Mobile Driver’s License
  • Canada Quietly Announces Plans for Digital ID Program
  • Innovatrics Tailors Selfie Onboarding Tech for Hotel Check-in
  • iProov’s Latest eIDAS Certification Opens Door to EU Mobile ID Opportunities
  • Amid Political Unease, Tunisia Launches Mobile ID Pilot

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld