US Machine Vision Market Consistently Hits Record Numbers

According to statistics from the AIA, an industry trade group that’s part of the Association for Advancing Automation (A3),

North American sales of machine vision components and systems that provide vision intelligence to robots and other machines reached $2.874 billion in 2018, an increase of 9.2 percent over 2017 and, allegedly, a new record for the market. Application-specific machine vision (ASMV) systems led the growth with $1.998 billion in sales in 2018, an increase of 7.8% over 2017, followed by smart cameras with $466 million, an increase of 14.2%.

 

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.

Machine vision component markets, also as per AIA stats, set new records in 2018 with $401 million in total sales representing 11.7% growth. This increase was driven primarily by component camera sales, which increased 16.2% to $219 million, followed by software (8.9% to $21 million), optics (8.8% to $44 million), lighting (7.9% to $77 million) and imaging boards (1.5% to $40 million).

 

Forecasting the Future of Machine Vision

 

According to AIA's latest survey of industry experts, 80% of respondents believe that sales of machine vision components will remain flat or decrease in the next six months. Similarly, 62% believe machine vision systems markets will plateau or decrease in the next two quarters. Learn more, visit AIA online.

Suggested Articles

Three companies of vastly different sizes—Infinion, ams AG and Velentium-- talk about their work with various tech to address the COVID-19 crisis

A scientist at ams AG describes a new COVID-19 test kit that is inexpensive and relies on an ams chip that provides spectral sensing.

Fact.MR sees global growth for current sensors at 8% a year through 2030. The situation for ADAS sensors is bleak for now, but up over a decade.