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American Machine Vision Market Hits Record Numbers for 6th Straight Year

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2018 AIA statistics show nearly 10 percent growth over 2017, with $2.874 billion in sales

ANN ARBOR, Mich., March 28, 2019 — 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 a new record for the market. According to statistics from the AIA, the industry trade group and part of the Association for Advancing Automation (A3), application-specific machine vision (ASMV) systems led the growth with $1.998 billion in sales in 2018, a 7.8 percent increase over 2017, followed by smart cameras with $466 million, a 14.2 percent increase. 

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

“Vision technologies are becoming smarter and smaller to solve the increasingly complex challenges associated with emerging automation applications such as AI-driven bin picking, autonomous vehicles, and advanced inspection technologies,” said Alex Shikany, vice president of AIA and business intelligence at A3. “Vision components in everything from cameras to lighting to software must work together seamlessly to provide the visual intelligence that robots and other smart machines require to do their jobs. We’re excited to see what new innovations are created in the months and years ahead to make this data collection even simpler and more intuitive.”

According to AIA’s latest survey of industry experts, 80 percent of respondents believe that sales of machine vision components will remain flat or decrease in the next six months. Similarly, 62 percent believe machine vision systems markets will plateau or decrease in the next two quarters. According to Shikany, this predicted stagnation might come from a “slight softening of the manufacturing sector seen in the last quarter of 2018, which showed the PMI dipping to the low 50s and the semiconductor market decreasing.” The results are also a reflection of experts’ belief that this market is due for a normalization of growth, having posted six straight years of expansion.



Published: March 2019
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...
machine visionA3AIABusinessmarketsAmericasThe News Wire

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