Report: 200 Million Smart Cameras to be Deployed by 2027
OYSTER BAY, NY—Advances in machine learning technology will help propel sales of smart cameras for machine vision applications to 197 million units and a total value of $35 billion by 2027, according to global technology intelligence firm ABI Research.
“The shift from machines that can automate simple tasks to autonomous machines that can ‘see’ to optimize elements for extended periods will drive new levels of industrial innovation. This is the innovation that machine learning offers to machine vision. Machine learning can augment classic machine vision algorithms by employing the range and reach of neural network models, thus expanding machine vision far beyond visual inspection and quality control,” explains David Lobina, artificial intelligence and machine learning analyst at ABI Research.