Market
As recently as 2006, one industry consultant reported that MV represented a $1.5 billion market in North America. However, the editor-in-chief of an MV trade magazine asserted that "machine vision is not an industry per se" but rather "the integration of technologies and products that provide services or applications that benefit true industries such as automotive or consumer goods manufacturing, agriculture, and defense."
As of 2006, experts estimated that MV had been employed in less than 20% of the applications for which it is potentially useful.
Read more about this topic: Machine Vision
Famous quotes containing the word market:
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)
“Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!””
—Friedrich Nietzsche (1844–1900)
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)