Machine Vision Market continues solid growth in North America.
Press Release Summary:
According to AIA's Quarterly Machine Vision Sales Tracking Report, sales of machine vision components rose substantially in third quarter 2010. Overall, year-over-year growth hit 68%, up from 60% in second quarter 2010 and 34% in first quarter. Report also disclosed that 68% of companies submitting data for report expect sales to improve in next 6 reported months. Of remaining companies, 28% anticipate sales at or near level reached in third quarter, and 4% believe sales will decrease.
Original Press Release:
Machine Vision Market Continues Solid Growth in North America
(Ann Arbor, Michigan) Sales of machine vision components and systems in North America rose substantially in third quarter 2010. Overall, year-over-year growth hit 68%, up from second quarter 2010 at 60% and first quarter 2010 at 34%, according to the new sales tracking report of the Automated Imaging Association (AIA).
The new report, entitled Quarterly Machine Vision Sales Tracking Report, showed that sales were robust in all major machine vision supplier markets, including cameras, lighting, optics, imaging boards, software, application-specific machine vision systems and smart cameras.
The new report also disclosed that 68% of companies submitting data for the report expect sales to improve in the next six reported months; that is, 4th quarter 2010 through 1st quarter 2011. Of the remaining companies, 28% anticipate sales at or near the level reached in the third quarter, and just 4% believe that sales will decrease.
"These results are very impressive, leaving little doubt that the recovery in the North American machine vision market is real and sustainable," noted Paul Kellett, AIA's Director of Market Analysis." "Based on industry expectations, we expect the recovery to continue at least another six months," Kellett added.
Kellett will provide further details and analysis on January 20, 2011 at the AIA Business Conference in Orlando, Florida, which is open to all registered AIA members. The quarterly tracking report is distributed to all participating AIA members.
In addition to the new report, AIA provides regular reports on the health of the machine vision market and economic trends that impact the industry at "Market Data and Trends," which is a special section of the Machine Vision Online website. Machine Vision Online (www.machinevisiononline.org) is the world's most important resource for machine vision and imaging information.
About AIA
Founded in 1984, AIA was organized specifically to promote the understanding and use of image capture and analysis technology and now represents over 280 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 2012 in Boston); the Automate 2011 show set for March 21-24, 2011 in Chicago; its annual AIA Business Conference (January 19-21, 2011 in Orlando) and the newly enhanced Machine Vision Online (www.MachineVisionOnline.org), the world's leading online resource for machine vision information.
For more information on AIA, visit www.MachineVisionOnline.org or contact AIA Headquarters at (734) 994-6088.
