ISVI Corp., a manufacturer of CoaXPress and Camera Link industrial cameras, reports that worldwide sales for fiscal year 2014 increased 39% year over year.
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Gerard White, Vice President of ISVI Corp. (pictured) attributes the growth to an expanding need for machine vision cameras, the growing implementation of the CoaXPress interface, the direct efforts ISVI’s sales network of distributors and system integrators.
"More and more system integrators and OEMs are recognizing the advantages of combining high-speed, high-resolution imaging in their machines to increase throughput, raise detail detection levels and decrease overall system costs," said White.
By focusing on the advancements of the industry and the changing requirements of customers, while also investing in research and development, White expects that the company will grow in 2015 and beyond.
While this bit of news only affects ISVI directly, there have been a number of recent headlines that show promise for the machine vision industry. In an article I wrote last month, I took a look at five major machine vision companies that announced expansion and increased presence worldwide, a factor that is often brought when it comes to the possibility of a record year for the industry in 2015.
For example, during a VDMA presentation at the VISION show, Anne Wendel, VDMA machine vision, provided an overview of the German and European machine vision markets which indicated that the industry is on the rise due in large part to an increase in foreign order incomes. From January to September of 2014, there was a 13% increase in foreign order incomes, while there was a 9% increase in domestic orders, for a total increase of 12%.
In addition, news out of the AIA shows that during the first nine months of 2014, total sales of machine vision components and systems increased 12% from the previous year to $1.65 billion, which represents the best nine-month start by the market since the AIA began tracking results five years ago. Point being that, all in all, news like should hopefully provide some optimism going into 2015.
View more information on ISVI Corp.
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