Machine Vision Market grew 54% in North America in 2010.
Press Release Summary:
According to figures released by Automated Imaging Association (AIA), sales of machine vision components and systems in North America increased to nearly $1.8 billion in 2010. AIA Quarterly Machine Vision Sales Tracking Report recorded sales growth in all major machine vision supplier markets, including cameras, lighting, optics, imaging boards, software, smart cameras. Also, near ¾ of participating companies expect sales to improve further in first half of 2011.
Original Press Release:
Machine Vision Market Soared 54% in North America in 2010
(Ann Arbor, Michigan) Sales of machine vision components and systems in North America soared 54% in 2010 to nearly $1.8 billion, according to new figures released by the Automated Imaging Association (AIA), the industry's trade group
The AIA Quarterly Machine Vision Sales Tracking Report recorded robust sales growth in all major machine vision supplier markets, including cameras, lighting, optics, imaging boards, application-specific machine vision systems, software and smart cameras. The new report also disclosed widespread optimism about the future, with nearly three-fourths of companies submitting data for the report expecting sales to improve over current levels in the first half of 2011.
"The substantial market growth in 2010 demonstrates the importance of machine vision technology to companies in manufacturing and non-manufacturing sectors", said AIA President Jeff Burnstein. "We saw strong evidence of this at the recent Automate 2011 Show and Conference which was our largest in a decade. Exhibitors reported strong interest in machine vision solutions and conference sessions focusing on vision were packed."
Paul Kellett, AIA's Director of Market Analysis, added "There is every reason to believe that the machine vision recovery will continue at full steam for quite some time to come. Macro-economic indicators and forecasts for the business sector remain positive, and industry expectations point to a solid recovery for at least another six months. Our overall assessment of machine vision sales is therefore very positive."
Founded in 1984, AIA is the world's largest machine vision trade association, representing some 300 member companies from 30 nations. In addition to collecting and reporting market data, AIA is best-known for the annual AIA Business Conference (January 18-20, 2012, Orlando, FL); The Vision Show (May 8-10, 2012, Boston, MA), the development of industry standards such as Camera Link and GigE Vision; and Machine Vision Online, the world's leading resource for machine vision information on the internet (www.machinevisiononline.org).
AIA's Quarterly Machine Vision Sales Tracking Report is available free of charge to all AIA members participating in AIA's sales data program. In addition to its sales tracking report, AIA prepares market opportunity studies, which it makes available to all AIA members free of charge on its website, Machine Vision Online.
For more information on AIA, visit www.MachineVisionOnline.org or contact AIA Headquarters at (734) 994-6088.
