Machine Vision Market Sales climbed 15% through September.
Press Release Summary:
Statistics from Automated Imaging Association show machine vision sales in North America rose through third quarter of 2011. After first half, sales fell 2% in third quarter compared with same period in 2010. AIA president Jeff Burnstein said these results indicate possibility of slower growth in near term. Supporting this outlook, report shows 54% of reporting companies expecting sales to stay at current levels for next 6 months, 34% expecting decrease, and 14% expecting increase.
Original Press Release:
Machine Vision Market Sales in North America Up 15% Through September
(Ann Arbor, Michigan) Machine vision sales in North America rose 15% through the third quarter of 2011, according to new statistics from the Automated Imaging Association (AIA), the industry's trade group.
After a strong first half, sales fell two percent in the third quarter compared with the same period in 2010. "After six consecutive quarters of growth, the third quarter results indicate that we may be in for slower growth in the near term," said Jeff Burnstein, President of AIA. Industry executives appear to agree, as the AIA report shows a majority of reporting companies (54%) expect sales to stay at current levels for the next six months. Thirty-four percent expect a decrease, while only 14% expect an increase, Burnstein said.
Paul Kellett, AIA's Director of Market Analysis, added "The modest slowdown in machine vision sales in the third quarter would appear to follow the performance of the manufacturing sector, which has lost some steam as of late. A near-term uptick in the expansion of manufacturing sector, however, would most likely resound to the benefit of machine vision companies."
AIA will provide further updates on the machine vision market at the upcoming AIA Business Conference in Orlando, January 18-20, 2012. A panel of industry leaders from North and South America will participate in a session focused on the outlook for the coming year.
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.
About AIA
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 315 machine vision suppliers, system integrators, users, researchers, and consulting firms from 30 countries. In addition to its quarterly reports, 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 (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.
