New report forecasts slower growth for machine vision

The world market for machine vision was worth nearly $2.9 billion in 2011. According to the just published world machine vision report, revenues grew more than 10% in 2011.

07/11/2012


http://www.imsresearch.com

IMS Research (recently acquired by IHS Inc.) estimates the world market for machine vision was worth nearly $2.9 billion in 2011. According to the just published world machine vision report, revenues grew more than 10% in 2011.

The report goes on to explain the reasons why this level of growth is unlikely to be sustained during the forecast to 2016. “The main reason for the restricted growth of this industry is considered to be instability in many economies around the world, particularly those countries that have adopted the Euro,” commented John Morse, author of the new report.

Morse continued:, “The machine vision industry recovered well after the last recession as shown by the results of IMS Research’s free quarterly market tracker. However, revenue growth showed signs of slowing in the second half of 2011. Many manufacturers expressed caution about growth in 2012 and beyond.”

World Market for Machine Growth, Source: IMS ResearchThe views of manufacturers echoed the findings of other recent IMS Research reports that present lower revenue forecasts than in previous editions. Generally, growth over the next five years will be less than previously forecast.

“It is not all bad news,” added Morse. “Despite manufacturing estimated to account for more than 80% of machine vision revenues, there is a trend towards machine vision products being used outside the manufacturing environment. For example: high quality security and surveillance, traffic monitoring, control and medical.”

Machine vision manufacturers have always proven themselves to be very resourceful and this continues with new developments frequently being announced. These include new types of camera and communication technology which are necessary to meet customers’ requirements for more information to be captured and transmitted at faster speeds. This commitment to continuous development is likely to ensure long-term prosperity for the machine vision market and keep it ahead of the game, particularly during times of economic uncertainty.



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...
Strategic outsourcing delivers efficiency; Sleeve bearing clearance; Causes of water hammer; Improve air quality; Maintenance safety; GAMS preview
World-class maintenance: The three keys to success - Deploy people, process and technology; 2016 Lubrication Guide; Why hydraulic systems get hot
Your leaks start here: Take a disciplined approach with your hydraulic system; U.S. presence at Hannover Messe a rousing success
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

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.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me