AIA: Machine Vision Market Up But Not Great
December 6, 2011
Machine vision sales in North America rose 15 percent through the third quarter of 2011, according to new statistics from the Automated Imaging Association (AIA), the industry's trade group.
After a strong first half, sales fell 2 percent in the third quarter compared with the same period in 2010. "After six consecutive quarters of growth, the third quarter results indicate that we may be in for slower growth in the near term," said Jeff Burnstein, President of AIA. Industry executives appear to agree, as the AIA report shows a majority of reporting companies (54 percent) expect sales to stay at current levels for the next six months. Thirty-four percent expect a decrease, while only 14 percent expect an increase, Burnstein said.
Paul Kellett, AIA's Director of Market Analysis, added "The modest slowdown in machine vision sales in the third quarter would appear to follow the performance of the manufacturing sector, which has lost some steam as of late. A near-term uptick in the expansion of manufacturing sector, however, would most likely resound to the benefit of machine vision companies."
The association last week signed an agreement with the Korean Machine Vision Industrial Association (KMVIA), a year-old trade association representing machine vision in Korea. The agreement outlines a wide-range of activities on which the two associations will collaborate including an exchange of market data, mutual support for trade shows and technical conferences, promotion of leading global standards, and promotion of member companies and their products and services. AIA will support in Korea is the KMVIA's first trade show, The Korea Vision Show, April 3-6, 2012 in Seoul.
SOURCE: AIA press releases, edited