Vision systems: Machine vision gets smarter
Market growth in machine vision is above the average for industrial automation in general.
Wellingborough, UK — Smart cameras, smart sensors and compact vision systems all have one thing in common — they are leading the charge in the field of machine vision with above average growth — according to a new report by IMS Research . The report estimates that the world market machine vision hardware was over $1.5 billion in 2007 and forecasts it to grow to $2.1 billion by 2012.
Unit shipments are predicted to grow faster than revenues as prices are steadily chipped away. “The reasons for this are well understood,” commented John Morse, author of the report. “Developments in software and sensor technology help manufacturers produce greater functionality per dollar to reduce prices.”
Morse continues, “Market growth in machine vision is above the average for industrial automation in general, but there are substantial regional differences. Not surprisingly, Asia-Pacific is expected to grow fastest.”
Sign up for the Webcast Machine vision helps take control scheduled for June 25, 2008, at 1 p.m. EDT.
— C.G. Masi , senior editor, Control Engineering News Desk
Register here and scroll down to select your choice of eNewsletters free.
- Events & Awards
- Magazine Archives
- Digital Reports
- Global SI Database
- Oil & Gas Engineering
- Survey Prize Winners