Machine Vision Market Continues Solid Growth in North America
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Sales of machine vision components and systems in North America rose substantially in third quarter 2010, according to the Ann Arbor-based Automated Imaging Association.
Overall, year-over-year growth hit 68 percent, up from second quarter 2010 at 60 percent and first quarter 2010 at 34 percent, according to a new AIA sales tracking report.
The new report, titled 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 percent of companies submitting data for the report expect sales to improve in the next six reported months; that is, fourth quarter 2010 through first quarter 2011.
Of the remaining companies, 28 percent anticipate sales at or near the level reached in the third quarter, and just 4 percent 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 will provide further details and analysis on Thursday, Jan. 20 at the AIA Business Conference in Orlando, Fla., which is open to all registered 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,” a special section of the Machine Vision Online Web site, www.machinevisiononline.org.
AIA represents more than 280 machine vision suppliers, system integrators, users, researchers, and consulting firms from 30 countries. AIA also hosts trade events, including The Vision Show (next scheduled for May 2012 in Boston), and Automate 2011, set for March 21-24 in Chicago.