Market
The Vision Technology market is a growth market. The US machine vision umbrella organisation, the Automated Imaging Association (AIA), estimates that the total 2006 turnover in vision systems generated by all machine vision companies totalled US$ 4.8 thousand million worldwide. This corresponds to a 7% increase (2006: US$ 4.5m). Applications in the field of industrial mass production account for the biggest part of this turnover. For 2007, the organisation expects a further 6% increase to US$ 5.1 thousand million. The growth in total turnover in vision components has been estimated at 9% for 2006 and again at 9% for 2007.
The global machine vision market is mainly concentrated in the highly industrialised regions of North America, Europe and Asia Pacific. According to the AIA statistics, the latter is also the biggest regional market for industrial image processing with 37%. At 28% and 26%, the Europe and the US rank second and third, respectively. The rest of the world accounts for approx. 10% of global machine vision sales.
In addition to the to the ever growing Vision Technology applications in industrial mass productions, new fields of application arise continually due to the advancement of technology and decrease in prices. Consequently, the Vision Technology market still has a large growth potential.
