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Machine Vision German forecasts corrected upwards

  • By Neil Martin
  • News
machine-vision-german-forecasts-corrected-upwards

According to a new forecast from VDMA, machine vision will achieve an 18% increase in turnover instead of the initially expected 10%. This corresponds to an industry turnover of €2.6bn.

The forecasts were part of an overall report which said that the growth forecast for the German robotics and automation industry has risen from 7% to 11%.

Chair of the Board of VDMA Robotics + Automation Dr Norbert Stein said: “Both incoming orders and turnover development for the current year have greatly exceeded our expectations. For the first time, we will hit the mark of EUR 14 billion in sector turnover.”

VDMA said that all three segments of German robotics and automation are on a strong growth trajectory for 2017.

As well as machine vision, German robotics is also proving to be much more dynamic than forecast. An initial projection of 8 percent growth in sales has been raised to 15%, with industry turnover pegged at €4.2bn. These results confirm statistics from the International Federation of Robotics (IFR), which indicate a global boom in robotics. Germany is the fifth largest robotics market in the world and Europe’s biggest by far.

The largest subsector of German robotics and automation remains integrated assembly solutions, meaning the intelligent assembly and production solutions. For 2017, VDMA forecasts a turnover increase of 6% to reach a new record of €7.4bn.