[Page 2] VDMA: European machine vision industry to grow 12% in 2014
Total sales in the European machine vision industry grew by almost 10% in 2013, according to a recent VDMA market survey, but on the horizon is an even larger gain, as the organization expects total turnover to grow by 12% in 2014.
Additional items of note within the press release include:
- Strong growth in Asia, as the surveyed European machine vision companies saw an increase of 28% year over year.
- China accounted for approximately 9% of total European machine vision turnover
- North America purchased almost 13% more, year over year, from Europe.
- European manufacturers of application-specific and configurable systems increased turnover by 12%.
- European manufacturers of compact systems such as intelligent cameras and vision sensors increased turnover by 20%.
- European manufacturers of machine vision components increased turnover by 6%.
- The German machine vision industry increased turnover by 8% in 2013, mainly from exports, which saw a 15% increase in 2013.
- The German machine vision industry is expected to grow by 10% in 2014.
In addition, the VDMA identified a number of trends and predictions to keep an eye on going forward. These include:
- Quality assurance-related machine vision technology is on the rise, particularly in China.
- The demand for non-industrial applications will rise faster than manufacturing applications, especially in intelligent traffic systems, logistics, medical engineering and security.
- The agricultural sector represents a potential high growth area.
- The automotive industry will continue to remain the most important industrial customer for machine vision in the foreseeable future.
- 3D applications will become more popular.
Also check out:
Global expansion aids record-setting 2013 for German machine vision market
North American machine vision sales up 10% in first quarter 2014
New VDMA Robotics and Automation managing director discusses the state of the industry
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