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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...Read full article

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    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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