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.

08/19/2011


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.”

www.imsresearch.com 

IMS Research

- Edited by Chris Vavra, Control Engineering, www.controleng.com

See the Control Engineering collection of machine vision articles.



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
World-class manufacturing: A recipe for success: Finding the right mix for a salad dressing line; 2015 Salary Survey: Manufacturing slump dims enthusiasm
2015 Top Plant: Phoenix Contact, Middletown, Pa.; 2015 Best Practices: Automation, Electrical Safety, Electrical Systems, Pneumatics, Material Handling, Mechanical Systems
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Getting ready for industrial IoT; Visualizing the (applied) automation continuum; Preventing VFD faults and failures; Using wireless for closed-loop applications
Migrating industrial networks; Tracking HMI advances; Making the right automation changes
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.