Report: Machine vision sales expected to reach $2 billion

As a result of the automatization trend in Asian factories, new capital expenditures in the semiconductor industry, and the emergence of new low-end applications, machine vision sales are expected to reach $2 billion by 2018.

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Industrial machine vision sales saw a moderate 1% growth in 2012, which is a reflection of the economic downturn facing the entire global industry. Moving forward, however, machine vision sales are expected to reach $2 billion by 2018 as a result of the automatization trend in Asian factories, new capital expenditures in the semiconductor industry, and the emergence of new low-end applications, according to a report from Yole Développement.

The products and segments expected to fuel the industrial market’s growth include versatile detection, versatile inspection, and compact 3D inspection. For the non-industrial vision side, all identified segments will sustain steady, high growth at a 15% compound annual growth rate. This will be driven namely by high-end IP surveillance, license plate recognition, and automotive safety, according to the report titled Machine vision technology & market trends.

It alsosays that growth in low-end segments will be driven by strong price erosion stemming from the commoditization of machine vision subsystems but that the main challenge of the industry will be gaining market share in these low-end segments while maintaining sustainable profitability.

Yole Développement’s report includes insights in the form of units and revenue for market segments in both industrial and non-industrial machine vision. The 2013-2018 forecast includes industrial cameras, smart cameras, and vision sensors. It also highlights key growth areas and the available strategies to gain profitability or market share.

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