Machine vision market tracker yields surprising result
Published: 29 March 2012 - Rachael Morling
IMS Research has used its quarterly tracker of the machine-vision market to determine that from 2010 to 2011 the Asian Pacific market grew significantly less than those markets in EMEA or the Americas.
The tracker takes published as well as submitted data from leading suppliers to the market to calculate the overall effect in revenues; they showed that the estimated worldwide growth from 2010 to 2011 was 12.8 %; in EMEA and the Americas it was 16.8 % and 16.1% respectively, but in Asia Pacific it was much less at 8.5 %.
John Morse, senior market analyst, commented: “This result is contrary to what might be expected.” He added: “I have been tracking this market on a quarterly basis since 2006 and always found Asia to be leading the charge in growth terms”.
Morse continued: “Over a third of the machine-vision business in Asia Pacific is in Japan (included in Asia Pacific in the tracker). Most manufacturers questioned believe that the slower economic growth in Japan, exacerbated by the tsunami and subsequent infrastructure problems resulted in the low growth figure for the whole region.
However, research for the current report on the world market for machine vision has revealed that the remainder of the Asia Pacific market, led by China, South Korea and Taiwan, has grown faster than either the EMEA or the American market”.