Asia Pacific market for machine vision is changing

Projections indicate the Asia Pacific market (excluding Japan) will pass EMEA revenues in the machine vision market by 2015.

10/16/2012


IMS Research (recently acquired by IHS Inc. (NYSE:IHS)) projects that Asia (excluding Japan) will be the largest region for machine vision revenues in 2016. 

“Japan has always been the largest market for machine vision in the Asia Pacific region,” commented John Morse, author of the latest machine vision report from IMS Research. “It has developed very 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.” 

Figure 1 shows the three principal regions of the world market where Asia Pacific includes Japan. With Japan’s revenues included, the graph shows the region to be by far the largest and has been for many years. Courtesy: IMS Research

Figure 1 shows the three principal regions of the world market where Asia Pacific includes Japan. With Japan’s revenues included, the graph shows the region to be by far the largest and has been for many years. However, if Japan’s revenues are removed, as shown in Figure 2, the situation is quite different. The rest of Asia is collectively forecast to 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. 

Figure 2 shows a very different picture with Japan removed as part of the Asia Pacific equation. Courtesy: IMS Research

The report projects that machine vision growth will be strongest in China, South Korea and Taiwan reflecting the general economic growth forecast in these countries. The ever increasing need to cut manufacturing costs and so become more competitive countering increasing labour and other costs will help drive machine vision adoption.

Morse adds, “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.”



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
High-performance buildings; Building envelope and integration; Electrical, HVAC system integration; Smoke control systems; Using BAS for M&V
Pressure piping systems: Designing with ASME; Lab ventilation; Lighting controls; Reduce energy use with VFDs
Smoke control: Designing for proper ventilation; Smart Grid Standard 201P; Commissioning HVAC systems; Boilers and boiler systems
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
Integrating BAS, electrical systems; Electrical system flexibility; Hospital electrical distribution; Electrical system grounding
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.