06 Apr 2006
The machine vision sector is booming, according to a new market survey. Growth is set to continue through 2006, particularly in 'smart' cameras and application-specific systems.
Last year, 2005, was a prosperous year for the machine vision and imaging industries and continued growth is expected in 2006, according to a market study by the Automated Imaging Assocaition (AIA).
Smart cameras saw the strongest growth during 2005, with a 19.1% increase in unit sales and a 14.4% jump in revenue on the same period in 2004. Sales of application-specific machine vision systems rose 13.6% in units and 6.4% in revenue. Fast-growing component markets included cameras, optics and vision software.
"Machine vision markets in North America continue to display strength and vitality, with 2005 results building upon the record sales figures of 2004," said Paul Kellett, AIA's Director of Market Analysis. "All indications point to continued growth in 2006, as companies continue to invest in machine vision technologies that can help them become stronger competitors."
AIA expects the industry to be helped by the upcoming Vision East trade show and conference in Boston, May 9-11, 2006. "We expect to see strong interest at the show in new products, especially those that have been designed to meet the new GigE Vision standard that AIA will officially release at the show," said Jeff Burnstein, AIA's Executive Director.
The annual AIA market study, which dates back more than a decade, has this year undergone a transformation. In addition to a new focus on component markets, the study includes in-depth product details for components and systems, export analyses, an in-depth look at market and technology trends and identification of major market players.
The study, entitled Machine Vision Markets - 2005 Results and Forecasts to 2010, is published by the Automated Imaging Association (AIA), the world's largest machine vision trade group, with over 250 member companies from 24 countries. It is available for purchase - the AIA member price is $995.00 and non- member price is $1,395.00.
As well as the market study, AIA provides regular reports on the performance of the machine vision market and economic trends that impact the industry at "Kellett's Corner," which is a special section of the website.
AIA will also provide updated market information in several presentations later this year by Paul Kellett at the European Machine Vision Business Conference in Tampere, Finland (1 July) and the Vision 2006 Show in Stuttgart, Germany.
More information is available from the AIA homepage.