Machine vision market set to change in Asia-Pacific region
09 October 2012
IMS Research has said that Asia (excluding Japan) will be the largest region for machine vision revenues by 2016.
John Morse, author of the latest machine vision report from IMS Research, said: “Japan has always been the largest market for machine vision in the Asia-Pacific region. It has developed sophisticated manufacturing over more than 40 years employing machine vision techniques in many applications, especially inspection and robot control. Despite this, its economic growth is currently slow, largely due to the decreasing export demand. This is not expected to improve much over the next five years. Japan’s leading position is being eroded as other countries within the region embrace automation in their production facilities.”
The rest of Asia is collectively forecast to see revenues of around $720 million in 2012, exceeding those generated in the Americas after this time. This rapid growth is expected to continue, passing EMEA revenues of $1.1 billion after 2015.
The report goes on to project that machine vision growth will be strongest in China, South Korea and Taiwan, reflecting the general economic growth forecast in these countries. The increasing need to cut manufacturing costs and become more competitive, countering increasing labour and other costs, will help to drive machine vision adoption.
Morse continued: “Despite Japan’s low forecast growth rate, the Asia-Pacific region as a whole remains extremely important to machine vision manufacturers, both in market size and growth potential.”
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