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North American Machine Vision Orders Slow in Q1 2019

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North American sales of machine vision (MV) components and systems that provide vision intelligence to robots and other machines declined in the first quarter of 2019, a reduction of 4.5% over the same period last year.

The statistics were compiled by AIA, the industry’s trade group part of the Association for Advancing Automation (A3), and showed that financial transactions for the entire market declined to $674 million, with sales of MV components down 12.6% to $93 million, and sales of MV systems down 3.1% to $579 million.

Alex Shikany, vice president of membership and business intelligence at A3, said the drop in sales was expected based on feedback from member companies.

“The semiconductor industry, which is a leading indicator for machine vision, showed signs of contraction at the end of last year, which led us to believe lower sales figures might’ve been ahead to begin 2019,” he said. “Fortunately, machine vision technologies are still becoming smarter and smaller to fit within in-demand automation applications such as AI-driven bin picking, autonomous vehicles, and advanced inspection technologies, which is a positive indicator for the future health of this industry.”

AIA officials have mixed expectations for future sales of MV components based on a survey of industry professionals. The survey revealed that 41% of experts believe component sales in total will increase, 39% believe they will remain flat, and 21% expect further declines.

In addition, for MV systems markets, the survey showed that 71% of respondents are expecting flat performance, 23% are expecting increases, and only 6% are preparing for declines. Overall, two-thirds (66%) of respondents believe the MV market in North America will remain flat in the next six months.

Published: June 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...
artificial intelligence
The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
BusinessAmericasmachine visionartificial intelligenceAssociation for Advancing AutomationThe News Wire

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