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Forecasts Are Issued for Market for Industrial Vision Systems

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The European industrial vision systems market is projected to reach $948.44 million by 2011, with a compound annual growth rate of 9.6 percent, according to a 2005 report from Frost & Sullivan, a market research and analysis firm with offices in the US, the UK and other countries. The forecast assumes that new applications will emerge, that system performance will improve, and that support from traditional industrial sectors will continue. The compilation notes that the market rose from $410.1 million in 2001 to $500 million in 2004, with an annual growth rate of 6.8 percent....Read full article

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    Published: September 2005
    Glossary
    metrology
    Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
    Businessdigital color camerasgraphical user interfacehigh-speed microprocessorsindustrialindustrial vision systemlight speedmetrology

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