Wellingborough, UK – 28th July 2011. “The growth in machine vision revenues shows signs of slowing”; so says John Morse, Senior Analyst at IMS Research. He continued that this was not entirely unexpected following the dramatic recovery during 2010 from recession. Quoting from IMS Research’s Machine Vision 2011 report, he continued by saying that he had estimated that during 2010 global revenues grew by nearly 40%, fully recovering from the devastating fall during 2009.
Morse further commented: “This leveling of growth rate is no surprise and was forecast in the latest edition of the report, published in February this year. What is a bit surprising is the sharp decline detected in the first half year results from the IMS Research machine vision quarterly market tracker, particularly in the Americas and Asia. EMEA seems to be holding up better at this time.
The completion of re-stocking following the down-turn is a likely factor contributing to this slowing of growth rate. Global revenues are still projected to grow about 10% in 2011, compared with IMS Research’s estimate for global industrial activity which is projected to grow 7-8%. The longer term prospects for machine vision are forecast to be better but the warning signs suggest there is no room for complacency. We will continue to monitor the situation closely through our tracking activities.”
For more information please contact:
John Morse – +44 1933 402255 – email@example.com
Chris George – +44 1933 402255 – firstname.lastname@example.org
About IMS Research
IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, custom research and consultancy services. Clients include most of the household names in the industry. IMS Research has offices in Europe, the US, China, Taiwan, South Korea and Japan. To find out more, contact IMS Research: email@example.com; T: +44 (0) 1933 402255; http://imsresearch.com