North American Machine Vision Market grew 34% in 2011 Q1.
Press Release Summary:
According to AIA's Quarterly Machine Vision Sales Tracking Report, machine vision sales grew 34% in North America in first quarter of 2011. This marks fifth straight quarter of double-digit growth. Report also found continuation of widespread industry optimism, as ~½ of all companies submitting data expect sales to improve over first quarter 2011 levels during next 6 months. Of remaining companies, most anticipate sales comparable to first quarter results.
Original Press Release:
Machine Vision Market in North America Grew 34% in First Quarter 2011
(Ann Arbor, Michigan) Machine vision sales grew 34% in North America in the first quarter of 2011, the fifth straight quarter of double-digit growth according to the Quarterly Machine Vision Sales Tracking Report of the Automated Imaging Association (AIA).
The AIA report recorded robust sales across almost all major machine vision supplier markets, including cameras, lighting, optics, software, application-specific machine vision systems, and smart cameras..
The new report also found a continuation of widespread optimism in the industry. Approximately one-half of all companies submitting data for the report expect sales to improve over first quarter 2011 levels during the next six months. Of the remaining companies, most anticipate sales comparable to first quarter results. Only eight percent of the companies expect sales to decrease.
"The continuation of double-digit growth shows the strength of the machine vision market in North America", said Jeff Burnstein, President of AIA. Paul Kellett, AIA's Director of Market Analysis, added "Large businesses continue to invest in equipment that boosts productivity, including machine vision systems. Expansion in the manufacturing sector is expected to continue despite some momentary softening and spur additional investment in machine vision software and equipment."
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.
Machine Vision Online is the world's leading resource for machine vision and imaging information.
Founded in 1984 to advance the understanding and use of imaging and vision technologies and to drive global expansion and growth through education and promotion, AIA now represents over 300 machine vision suppliers, system integrators, users, researchers, and consulting firms from 30 countries. In addition to the annual study, AIA is best-known for The Vision Show (May 8-10, 2012 in Boston); the annual AIA Business Conference (January 18-20, 2012 in Orlando); the GigE Vision® and Camera Link® standards; and Machine Vision Online, the world's leading online resource for machine vision information.
For more information on AIA, visit Machine Vision Online or contact AIA Headquarters at (734) 994-6088.
Contact:
Kathleen Straight
734/994-6088
