IDS exceeds predicted market analysis for sales
IDS Imaging Development Systems, headquartered in Obersulm, Germany, has exceeded the five per cent growth predicted by market analysts for the industrial machine vision sector. The company have announced a 20 per cent increase in sales over 2013.
According to the company, the above-average growth rate is in part due to an increase in international business. The export ratio rose to 40 per cent in 2013 – up from 32 per cent the previous year. In the Asian market, sales to China more than doubled.
The company predicts renewed growth of more than 12 per cent for the current year. In the US and European markets, IDS is striving to further intensify customer support, and plans to make further investments in expansion of its sales structure.
Jürgen Hartmann, founder and managing director of IDS, explained the company's plans for the year ahead: ‘In 2014, along with developing new camera families, we're investing in the expansion of our headquarters to ensure that we're ideally equipped to meet our growth targets. This will go hand-in-hand with the hiring of additional qualified employees.’