The rising demand for machine vision technology in North America has benefited global players operating in this space. Machine vision technology, appliance and components have become a significant tool for manufacturing automation industry.
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Machine Vision Technology: Demand Rising in North America | An Aranca Infographic
The rising demand for machine vision technology in North America has benefited global players operating in this space. Machine vision technology, appliance and components have become a significant tool for manufacturing automation industry.
The rising demand for machine vision technology in North America has benefited global players operating in this space. Machine vision technology, appliance and components have become a significant tool for manufacturing automation industry.
2014 Aranca. All Rights Reserved. www.aranca.com If you wish to reproduce or use this infographic in any format, please email us at syndicate@aranca.com Compiled by: Namita Shetty The resurgence of the manufacturing sector in North America will fuel expansion of the machine vision industry. Subsequently, machine vision sales are expected to grow largely on account of the growing need for automation technology and modernization in the manufacturing sector. Moreover, positive economic indicators for the region, especially the index of industrial production, also strengthen the machine vision industrys prospects. Arancas Views A technology that helps in capturing and analyzing visual information, machine vision has become a signicant tool for manufacturing automation. By 2015, the market value of machine vision is forecast to reach about $2.8 billion in North America. According to Automated Imaging Association (AIA), the largest machine vision trade association, the North American market witnessed strong growth driven by recovery in the US manufacturing sector after 2012 Increased adoption of machine vision technology across sectors such as appliances and components, food and beverage and fabricated metal products has been vital to the industrys growth. Market size of machine vision in North America US$ Billion (201115F) Growth in North American machine vision market helps global companies Top performing component and system categories Q2 2014 (% growth) in North America 1.9 1.8 2.0 2.5 2.8 2011 2012 2013 2014E 2015F C A G R (2 0 1 1 - 1 5 F ): 9 .9 % The rising sales of camera and smart camera categories are expected to support the industry in crossing the $2-billion mark in market value in 2014 Cognexs revenues expanded 26% year-on-year (YOY) to $102 million in Q2 2014 Allied Vision Technologies sold 10,000 cameras per month during H1 2014 (second best performance in the companys history) Baslers machine vision products order grew 23% (YoY) to $52.7 million in H1 2014 The rising demand for machine vision technology in North America has benetted global players operating in this space. US-based Cognex and Germany-based Allied and Basler have reported strong performance in the rst half of 2014. Source: AIA North American Association for Machine Vision Products and Aranca Analysis 41 34 20 28 Software Lighting Smart Camera Camera
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