AIA study shows mixed, generally healthy growth for machine vision
MARCH 28, 2008--A new study, Machine Vision Markets--2007 Results and Forecasts to 2012, published by the AIA (Ann Arbor, MI, USA), reports that machine vision and automated imaging continue to grow in North America.
MARCH 28, 2008--A new machine-vision market study entitled Machine Vision Markets--2007 Results and Forecasts to 2012, published by the global machine-vision trade group Automated Imaging Association (AIA; Ann Arbor, MI, USA), reports that machine vision and automated imaging continues to be a growth industry in North America. The 2008 study is based on 2007 actual results and is organized primarily around the major machine-vision product markets: optics, lighting, cameras, imaging boards, smart cameras, and application-specific machine vision (ASMV) systems.
While the study predominantly focuses on the North American market, two chapters are dedicated to the emerging Chinese and Indian machine-vision markets. The study also provides worldwide estimates of sales.
The study found that the North American economy has indeed had an impact on both US and Canadian manufacturing sectors, with most economists predicting a continued slowdown in the economy for the USA throughout 2008, which could result in a decrease in purchases of machine vision products.
Overall, sales results were mixed for 2007; while smart cameras and ASMV system sales were up over 2006, total component sales were down from the previous year. Smart cameras experienced sales of $116.6 million. Sales revenues for cameras in 2007 increased 0.8% over 2006, with the number of units sold down slightly. Camera sales are expected to have mixed results in 2008 with sales increasing by 0.2% in terms of revenue and decreasing by -1.0% in terms of units sold. The machine-vision lighting market has generally declined in size in terms of revenue, but has grown in terms of units sold, in part affected by the growing popularity of LED products, which have become the dominant lighting technology.
"Particularly in these challenging times, where the margin for error in decision-making is very thin, machine-vision companies need to base their product-development and sales strategies on the most accurate view of the marketplace possible," said Paul Kellett, AIA director of market analysis.
Additionally, for the first time, a separate Machine Vision Financial Study is available for purchase (free for AIA members who purchase the Market Study). An easy-to-use, specially developed analysis tool is included on the CD, which will enable nonpublicly traded machine-vision companies to benchmark their company's financial performance by comparing their financials to industry averages.
To order the study, visit www.MachineVisionOnline.org or call AIA headquarters at (734) 994-6088.