North American Machine Vision Market Grows 19% in First Quarter of 2018, Sets New Records
ANN ARBOR, MI — North American sales of machine vision components and systems increased 19% year over year to $709 million in the first quarter of 2018, setting a new all-time record for quarterly sales, according to new statistics issued by AIA, the industry’s trade group.
Total machine vision sales includes sales of components and systems. The machine vision components category grew 28% to a new record high of $107 million during the first quarter. The growth in components was primarily driven by camera sales, which increased 44% to $65 million. Optics (16% to $12 million) and software (9% to $5 million) markets also experienced growth in the first quarter.