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Machine Vision Markets to Grow Unevenly

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Robert C. Pini

The American machine vision systems market can expect compound annual growth of 13.6 percent in the next five years, with revenues more than doubling from $798 million in 1997 to $1.9 billion in 2004, report market analysts Frost & Sullivan. The study also projects revenues of $871 million for 1998. That's the good news. Whether or not there's bad news depends on the industry segment. The study, released at the end of 1998, predicts that the pharmaceutical and automotive industries will move up the most quickly, expanding at annual rates of 19.1 and 18 percent, respectively. But...Read full article

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    Published: February 1999
    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...
    Businesslight speedmachine vision

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