Machine vision growth continues
IMS Research analyst John Morse believes machine vision is going to grow up to 10% in 2011, continuing a double-digit trend.
Growth in machine vision revenues is projected to continue, though "shows signs of slowing," says John Morse, senior analyst at IMS Research. He continued that this was not entirely unexpected following the dramatic recovery during 2010 from recession. Quoting from IMS Research’s Machine Vision 2011 report, he continued by saying that he had estimated that during 2010 global revenues grew by nearly 40%, fully recovering from the devastating fall during 2009.
Morse further commented: “This leveling of growth rate is no surprise and was forecast in the latest edition of the report, published in February this year. 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. EMEA seems to be holding up better at this time.
"The completion of re-stocking following the downturn is a likely factor contributing to this slowing of growth rate. Global revenues are still projected to grow about 10% in 2011, compared with IMS Research’s estimate for global industrial activity which is 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. We will continue to monitor the situation closely through our tracking activities.”
– Edited by Chris Vavra, Control Engineering, www.controleng.com
See the Control Engineering collection of machine vision articles.