North American market up 15 per cent in 2014 to $2.3bn

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The North American machine vision market grew 15 per cent to $2.3 billion in 2014, the highest annual total on record, according to data from the AIA.

Total machine vision sales include sales of machine vision systems and components. The machine vision systems category saw growth of 16 per cent to $2.0 billion in 2014. Within machine vision systems, sales of smart cameras expanded by 28 per cent to $301 million, while application specific machine vision (ASMV) systems increased 14 per cent to $1.7 billion.

Similarly, machine vision components had a strong year with 13 per cent growth to $305 million. The leading product categories for machine vision components in terms of growth were software (19 per cent to $16 million), cameras (17 per cent to $165 million), lighting (16 per cent to $51 million), and optics (14 per cent to $38 million).

‘Industry experts expect demand to continue increasing for machine vision components in the next six months,’ said Alex Shikany, AIA’s director of market analysis. ‘For machine vision systems however, 54 per cent of survey respondents believe the category will remain flat, 27 per cent expect an increase, and 19 per cent expect a decline.’

Machine vision camera company Cognex recorded its highest annual revenue in 2014, up 37 per cent compared to 2013, thanks to $70 million of revenue from a single customer.

In addition to its sales tracking report, AIA will be releasing its 2015 Global Machine Vision Camera Study later this year. AIA also prepares studies on special topics and industries, such as its upcoming Life Sciences report.

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