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Machine Vision Exceeds Expectations

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Stephanie A. Weiss

Machine vision suppliers said that North American revenues increased 25.5 percent between 1999 and 2000, surpassing the expectations of the Automated Imaging Association for 2000 and almost those for 2001. The association's 2000 machine vision market study predicted 13.8 percent annual growth through 2004, but significant growth in semiconductor and electronics capital spending last year resulted in revenue increases of almost twice the predicted levels. North American revenues for machine vision components exceeded $1.57 billion in 2000, with value-added revenues raising that...Read full article

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    Published: March 2001
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
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