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Engineering Industry Reports and Surveys
News Release from: IMS Research
Edited by the Engineeringtalk Editorial
Team on 16 June 2003
Smart cameras begin to take market share
In its latest report on the European machine vision market, IMS Research has discovered that the newer product types, such as smart cameras, are rapidly accounting for a greater share of the market.
In its latest report on the European machine vision market, IMS Research has discovered that the newer product types, such as smart cameras, are rapidly accounting for a greater share of the market revenue Although the sale of more traditional PC-based products (cameras and frame grabbers) has fallen over the past two years, sales of smart sensors, smart cameras and compact vision systems have continued to grow
This article was originally published on Engineeringtalk on 28 Sep 2004 at 8.00am (UK)
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In 2002 the revenue share of these non-PC-based products was 26.1%, up from 22.1% in 2001.
IMS predicts that the machine vision market in Europe will grow at an average rate of 11.6% each year to 2006.
Demand for these products is primarily driven by the increasing demand for better production efficiency and quality control.
The highest levels of growth, approaching 20%, are forecast for the smart sensor and smart cameras product groups resulting in both more than doubling in value.
Report author, John Devlin, commented, "Whilst the sale of PC-based vision systems has fallen recently, it should be remembered that the growth experienced prior to this was exceptional.
One of the main drivers of this growth was the ICT (information and communication technologies) industry, which tends to favour PC-based systems.
The ICT market grew strongly during the late 1990's but the massive downturn in 2001 led to a huge drop in demand for PC-based vision systems.
The ICT market is gradually showing signs of recovery which should boost demand for PC-based machine vision products over the coming years".
"Although these newer product groups are growing at a faster rate, they are not replacing PC-based solutions", added Devlin.
"Instead this growth is primarily a result of suppliers targeting the end-user markets and opening up new applications.
Some of the PC-based machine vision suppliers have released new products aimed at these end-user sectors in order to complement their OEM businesses.
They are now competing with sensor manufacturers, some of which in turn are now entering the machine vision market for the first time".
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