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North American Machine Vision Market Grows 19% in First Quarter of 2018, Sets New Records
AIA Posted 06/19/2018
North American sales of machine vision components and systems increased 19% year over year to $709 million in the first quarter of 2018, setting a new all-time record for quarterly sales, according to new statistics issued by AIA, the industry’s trade group.
Total machine vision sales includes sales of components and systems. The machine vision components category grew 28% to a new record high of $107 million during the first quarter. The growth in components was primarily driven by camera sales, which increased 44% to $65 million. Optics (16% to $12 million) and software (nine percent to $5 million) markets also experienced growth in the first quarter.
The machine vision systems category increased 17% to $597 million in the first quarter of 2018. Within the systems category, sales of smart cameras climbed 26% to $109 million, while application specific machine vision (ASMV) systems grew 16% to $488 million.
“Our most recent poll of industry experts revealed that 45% of respondents expect the market to increase over the next two quarters, 42% predict stagnation, and 13% are bracing for a decline,” said Alex Shikany, Vice President – AIA. “We continue to see demand for vision systems that are smaller, intuitive, cost effective, and complimentary to a more connected automation system. It’s an exciting time to be in this field with the innovation we’re seeing at every turn.”
“Vision technology is being integrated in a growing number of automation applications today because the technology is enabling new ways to solve complex challenges.” said AIA President Jeff Burnstein. “Growing global trends such as autonomous vehicles, AI, and unmanned aerial vehicles (UAVs) rely heavily on vision and imaging, which bodes well for the future of this industry.”
The Vision Show Breaks Attendance Records
AIA sees the impact of the growth in demand for vision and related automation at industry events such as The Vision Show, most recently held in Boston from April 10-12, 2018. This year’s show featured more than 150 exhibitors displaying their latest technologies and services, including global suppliers of vision systems, imaging components, embedded technologies, software, system integration services, and collaborative robots for enterprises large and small. Over 2,500 people attended The Vision Show 2018, including over 275 participants in the 50+ conference sessions held at the event.
Silicon Valley’s Collaborative Robots & Advanced Vision Event Adds AI for 2018
AIA and its sister group, RIA – the Robotic Industries Association, are teaming up again to bring more content on leading-edge robot, machine vision, and new for 2018 – AI. The Collaborative Robots, Advanced Vision & AI Conference (CRAV.ai) will take place October 24-25, 2018 at the Hyatt Regency in Santa Clara, CA. AIA and RIA recently announced that leading researchers Ken Goldberg (UC Berkeley) and Pieter Abbeel (covariant.ai & UC Berkeley), will be two of the several keynote sessions at the event. Breakout sessions at CRAV.ai will feature presentations from market leaders in robotics, vision, and AI, and the accompanying tabletop exhibition will showcase the technologies live during two full days of open exhibits. For more information, please visit CRAV.ai.
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 360 vision suppliers, system integrators, users, researchers, and consulting firms from 32 countries. AIA is best known for The Vision Show (most recently April 10-12, 2018 in Boston); vision and imaging standards such as GigE Vision®, Camera Link®, Camera Link HS™ and USB3 Vision™; the Automate Show (April 8-11, 2019 in Chicago); the annual A3 Business Forum (January 14-16, 2019 in Orlando); the Certified Vision Professional program, now available online; AIA Certified System Integrator program; and Vision Online (www.visiononline.org), the world’s leading online resource for vision information. AIA is part of the Association for Advancing Automation. For more information on AIA, visit Vision Online or contact AIA Headquarters at (734) 994-6088.
About the Association for Advancing Automation (A3)
The Association for Advancing Automation is the global advocate for the benefits of automating. A3 promotes automation technologies and ideas that transform the way business is done. A3 is the umbrella group for AIA - Advancing Vision + Imaging, Robotic Industries Association (RIA), and the Motion Control & Motor Association (MCMA). AIA, RIA, and MCMA combined represent over 1,100 automation manufacturers, component suppliers, system integrators, end users, research groups and consulting firms from throughout the world that drive automation forward.