Market study predicts 'solid growth' until 2011
A new market study conducted by the Automated Imaging Association has revealed that 2006 was a particularly good year for imaging manufacturers, with double-digit growth in revenue for cameras and predicted continued growth for 2007.
The report, entitled Machine Vision Markets – 2006 Results and Forecasts to 2011, also showed some growth for optics, software and application-specific machine vision systems. Illumination sales increased, but due to steep price reductions the revenue actually fell.
‘We believe 2007 through 2011 will continue to show solid growth,’ said Paul Kellett, AIA’s Director of Market Analysis. ‘The growing importance of machine vision results from three key, underlying trends: expanding core capabilities, declining machine vision product prices and product miniaturisation and integration.’
This year’s report includes new chapters covering North American economies and an analysis of new market developments such as GigE Vision. It can be obtained from the AIA’s website, which includes regular reports on the machine vision market.