North American Machine Vision Market Sets New Record

  • September 03, 2015
  • News

September 3, 2015 - North American sales of machine vision systems and components grew 16% to $1.2 billion in the first half of 2015, the market’s highest first half total in history, according to new statistics issued by AIA, the industry’s trade group.

Total machine vision sales include sales of machine vision systems and components. The machine vision systems category saw a year over year increase of 18% to $1.0 billion in the first half of 2015. Machine vision systems include smart cameras and application specific machine vision (ASMV) systems. Smart cameras expanded by 13% to $151.3 million, while ASMV systems increased 19% to $892.3 million in the first half of the year.

Similarly, machine vision components had a strong half with six percent growth to $164.7 million. The leading product categories within machine vision components in terms of growth were lighting (20%), software (eight percent), and imaging boards (eight percent).

“We’re happy to see the machine vision market continue its expansion in 2015,” said AIA President Jeff Burnstein. “We’re seeing a wide variety of companies in all industries realize the benefits of implementing machine vision in their operations.”

“Industry experts are optimistic for growth in machine vision cameras, software, and imaging boards in the next six months,” said Alex Shikany, AIA’s Director of Market Analysis. “However, experts expect machine vision systems to remain flat in the next two quarters.

Despite the record first half performance, the market experienced a slight slowdown during the second quarter of 2015. Over the last four consecutive quarters, the average growth for the machine vision market in North America has been 18%, which is notably higher than the market’s second quarter growth of 10%.

“Machine vision, like many other manufacturing markets, is cyclical in nature,” Shikany added. “The market grew 25% in the fourth quarter of 2014, and followed with a 22% increase in the first quarter of 2015. This is in contrast to its average quarterly growth rate of 16% since the first quarter of 2010. A cyclical normalization like this is something we’ve seen in the past, and typically follows a period of high, sustained performance.”

About AIA Founded in 1984 to advance the understanding and use of imaging and vision technologies and to drive global expansion and growth through education and promotion, AIA now represents over 325 vision suppliers, system integrators, users, researchers, and consulting firms from 32 countries. 

Learn More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..