Machine-vision market report indicates slowing revenue growth in 2011
According to IMS Research's latest Machine Vision 2011 report, restocking following the economic downturn may be contributing to the slowing of revenue growth.
Quoting IMS Research's latest Machine Vision 2011 report, senior analyst John Morse commented today that following the economic recovery, the signs of machine-vision revenues slowing down is not surprising.
“What is a bit surprising is the sharp decline detected in the first half year results from the IMS Research machine vision quarterly market tracker, particularly in the Americas and Asia," says Morse, adding that Europe, the Middle East, and Africa (EMEA) seem to be showing a bit more stability in revenues.
Morse also states that he had estimated 2010 global revenues grew by nearly 40%, fully recovering from the steep economic decline experienced during 2009.
According to the report, restocking following the downturn may be contributing to the slowing of growth. Global revenues are still projected to grow about 10% in 2011, compared with IMS Research’s estimate for global industrial activity, projected to grow 7-8%. "The longer-term prospects for machine vision are forecast to be better, but the warning signs suggest there is no room for complacency," warns Morse.
SOURCE: IMS Research
-- Posted by Vision Systems Design