The world machine vision industry saw sales drop 25% in 2009, but appears to be on the road to recovery, according to the latest report from IMS Research.
"Most of the industry appears to have survived and many suppliers have seen orders pick up in January 2010," said report author John Morse. "Many are optimistic that growth will be sustained; however, it is most likely that recovery will be steady rather than meteoric. The time when revenues return their 2008 levels is very dependent on the industries served. The very earliest is likely to be 2011, with some sectors unlikely to recover before the end of the report’s forecast period in 2013."
The report estimated 2008 world machine vision sales at $2.5 billion in 2008, but dropped by about $0.5 billion in 2009.
“Machine vision suffered more from the down-turn in industrial production than industrial automation in general," Morse said.
to Daily News