Revenues for machine vision hardware are projected to grow faster than the average for industrial automation, according to the latest report on this market by IMS Research. The world machine vision hardware market was estimated to be worth over $1.6 billion in 2008 and forecast to grow to over $2.1 billion by 2012. The average annual growth in revenues was projected to be 7.2%, and in unit shipments 9.0%. Fierce competition, particularly from manufacturers in the Far East, is driving average prices down. “However, there are substantial differences between the market growth expected in different regions. Two thirds of revenue growth to 2012 will come from Asia” commented John Morse, author of the report.
Machine Vision Looks Ahead to a Bright Future
projected to grow faster than the average
- May 1, 2009
- 291 views
Machine Vision Looks Ahead to a Bright Future
IEN Europe's mission is to provide its readers with information about new products and services related to industrial engineering that become available in Europe from around the world. So, if you would like your company's new products to be considered for coverage in IEN Europe, please send our editors a technical press release.
To discuss any editorial opportunities and contributions you would like to make, contact the Editorial team.
