North American Machine Vision Market Increased 12% in 2014’s First Three Quarters ANN ARBOR, MI — Total sales of machine vision components and systems increased 12% to $1.65 billion in the first nine months of 2014, according to statistics issued by AIA, the industry’s trade group. That was the best nine-month start by the North American machine vision market since AIA began tracking quarterly statistics in 2009. Total machine vision sales include sales of machine vision components and systems. Total machine vision components were up 18% to $230 million through October, while total machine vision systems were up 12% to $1.42 billion. The third quarter of 2014 was especially strong for machine vision systems, which posted growth of 19%. Machine vision components also increased in the third quarter by two percent over last year. Every component and system category increased in the third quarter of 2014 except for lighting and imaging boards. Smart cameras (44%), optics (16%), software (14%), and ASMV systems (14%) were the standout individual categories in terms of year over year growth for the third quarter of 2014. “The sustained growth of the machine vision market in North America this year is very promising,” said AIA President Jeff Burnstein. “We continue to see interest for machine vision products growing outside the factory in industries like life sciences and security, which is great for the long term health of this market.” “Despite the tempered expectations of AIA membership after the strong first half of the year, the market continued to grow in the third quarter,” added Alex Shikany, AIA’s Director of Market Analysis. “Our most recent survey shows that AIA members expect machine vision components to increase and systems to remain fl at in the next six months.” In addition to its quarterly sales tracking report, AIA offers its Global Machine Vision Camera Market Study, which is available at a discounted rate to AIA members. AIA also prepares studies on special topics and industries, which it makes available to all AIA members free of charge on its website, VisionOnline.org. BUSINESS NEWS ISVI Corp., a global manufacturer of high-speed, high-resolution industrial camera systems, reported record growth in worldwide sales revenue for fiscal year 2014. “We are very pleased to announce that global gross sales grew by over 39 percent with respect to 2013,” stated Gerard White, vice president of ISVI Corp. White attributes the impressive growth to the expanding need for highspeed, high-resolution camera technology, the growing implementation of the CoaXPress interface and the direct efforts of ISVI’s global sales network of distributors and system integrators. “More and more system integrators and OEMs are recognizing the advantages of combining high-speed, high-resolution imaging in their machines to increase throughput, raise detail detection levels and decrease overall system costs,” added White. “We at ISVI are extremely focused upon advancements within the machine vision industry as well as the ever changing requirements of our valued customers. Our company invests heavily in research and development in order to provide the industry’s most technologically advanced industrial camera solutions. “This unwavering commitment to product innovation combined with an extremely talented team of sales and support professionals will undoubtedly fuel the growth of ISVI in 2015 and beyond.”
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