North American Machine Vision Market Update

Transcription

1 North American Machine Vision Market Update Alex Shikany AIA Director of Market Analysis February 20-22, 2013 Orlando World Marriott Center Orlando, Florida USA

2 Table of Contents I. U.S. Economy II. Manufacturing Sector III. MV Market Performance 2012 IV. What to Expect in 2013 V. Summary and Conclusion

3 I. U.S. Economy Real Gross Domestic Product (GDP) Year-Over-Year Percent Change Annual Actuals: Quarterly Actuals 4.0% 3.0% 2.0% 2.5% 3.5% 3.1% 2.7% 1.9% Great Recession 2.4% 1.8% 4.0% 3.0% 2.0% 2.0% 1.3% 3.1% 1.0% 1.0% 0.0% 1.0% 0.3% % 1.0% 1Q Q Q % 2.0% 3.0% 4.0% 3.1% 3.0% 4.0% The Economy Has Rebounded Since the Great Recession Albeit Weakly. So Far 2012 Has Posted Positive GDP Growth Despite a Slight Dip in Growth for 2Q 2012.

4 II. Manufacturing U.S. Purchasing Manager s Index (PMI) Expansion Great Recession Contraction U.S. Manufacturing Expanded in Early 2012, Struggled Mid-Year, Then Made a Recovery Back to Modest Expansion by Year s End.

5 II. Manufacturing Index of U.S. Industrial Production (Quarterly Data 2001 to 2012, Manufacturing Only 2007 = 100) Great Recession 70 Industrial Production Has Plateaued in 2012

6 II. Manufacturing Percent U.S. Manufacturing Capacity Utilization Great Recession Capacity Utilization continued its return to pre-recessionary levels in 1Q 2012, but then started slightly declining in 2Q and 3Q 2012.

7 II. Manufacturing NAICS Code Top Performing Industries in 2012 Industry Percent Capacity Utilization 1Q 2012 Percent Capacity Utilization 2Q 2012 Percent Capacity Utilization 3Q 2012 Index of Industrial Production 1Q 2012 Index of Industrial Production 2Q 2012 Index of Industrial Production 3Q Total Manufacturing (Average) Wood Products Nonmetallic Mineral Product Primary Metal Fabricated Metal Product Machinery Computer and Electronic Products Electrical Equipment, Appliance, and Components Motor Vehicles and Parts Aerospace and Misc. Transportation Equip Furniture and Related Product Food, Beverage, and Tobacco Textiles and Products Apparel and Leather Goods Paper Printing and Related Support Activities Petroleum and Coal Products Chemical Plastics and Rubber Products Other Manufacturing * Source: U.S. Federal Reserve * Above 75.0 in Capacity Utilization and Above 95.0 in Industrial Production * Top 3 industries by Capacity Utilization and Industrial Production Computer & Electronic Products, Petroleum, and Machinery Were Hottest Manufacturing Industries in 2012 Based on Capacity Utilization and the Index of Industrial Production

8 II. Manufacturing Semiconductor Market Billings - Americas $5,500,000 $5,000,000 $4,500, % $4,000, % -6.5% $3,500,000 $3,000,000 $2,500, % -20.4% 2.3% 22.1% 22.1% 12.4% -5.4% 2.8% 12.4% 5.4% -8.5% -4.5% 2.8% 8.5% 4.5% 42.1% $2,000, % 2.3% Source: BEA.gov The Semiconductor Market Experienced a Slowdown in 2012

9 II. Manufacturing U.S. Car Sales in Millions $ 6,000 5, % 4, % 2.9% -10.1% -6.2% 2.2% 1.1% 3,000 2, % -3.8% -40.5% 26.4% 8.6% 40.1% 1, Source: BEA.gov U.S. Car Sales Improved Greatly in 2012

10 III. MV Market Performance North America Actual 2012 Results by Quarter in Millions $ Markets 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Millions $ YoY Growth Millions $ YoY Growth Millions $ YoY Growth Millions $ YoY Growth MV Components $ % $ % $ % $ % MV Systems $ % $ % $ % $ % Other MV $ % $ % $ % $ % Total MV Financial Transactions $ % $ % $ % $ % MV Components = Cameras + Optics + Lighting + Imaging Boards + Software MV Systems = Smart Cameras + ASMV Systems Other MV = All Other MV Transactions Including Resale Total MV Financial Transactions = MV Components + MV Systems + Other MV 2012 was a Down Year for Machine Vision Due to Manufacturing Woes, the Eurozone Crisis, and Uncertainty of The Fiscal Cliff.

11 III. MV Market Performance North America Actual Results by Year in Millions $ Markets Millions $ YoY Growth Millions $ YoY Growth Millions $ YoY Growth Millions $ YoY Growth MV Components $ % $ % $ % $ % MV Systems $ % $1, % $1, % $1, % Other MV N/A $5.00 $10.95 $ % Total MV Financial Transactions $1, % $1, % $1, % $1, % MV Components = Cameras + Optics + Lighting + Imaging Boards + Software MV Systems = Smart Cameras + ASMV Systems Other MV = All Other MV Transactions Including Resale Total MV Financial Transactions = MV Components + MV Systems + Other MV The Recovery Happened in 2010 and Continued Into 2011, but in 2012 Machine Vision Saw a Slight Decrease in Performance Caused by Manufacturing Woes Throughout the Year.

12 III. MV Market Performance Actual MV Financial Transactions* in Millions (USD) $2,200.0 $2,000.0 $1,800.0 $1,600.0 MV Impact of 2001 Recession +1.2% +60.2% +5.4% 4.5% $1,400.0 $1,200.0 $1, % 0.2% +12.6% +6.2% +4.6% +2.1% 29.2% MV Impact of Great Recession * Overall Sales Activity: Sum of Component and System Sales (Including Smart Cameras) In Contrast to 2010 and 2011, MV Sales in 2012 Contracted Mildly and Returned to the Trend-line.

13 IV. What to Expect in 2013 U.S. Economy Forecasted Annual Percentage Change in Real GDP U.S. Manufacturing Forecasted Annual Percentage Change in Factory Automation Manufacturing is expected to see a net increase in hiring, with the sector expected to add 163,000 jobs in 2013.

14 IV. What to Expect in Forecast MV Financial Transactions* in Millions (USD) $2,200.0 $2,000.0 $1,800.0 $1,600.0 MV Impact of 2001 Recession +1.2% +60.2% +5.4% 4.5% +4.0% $1,400.0 $1,200.0 $1, % 0.2% +12.6% +6.2% +4.6% +2.1% 29.2% MV Impact of Great Recession * Overall Sales Activity: Sum of Component and System Sales (Including Smart Cameras) Machine Vision Sales Activity Rebounded Well After the Great Recession but Returned to The Historical Trend-line in With Manufacturing Returning to Health, Growth of 4.0% is Expected in 2013.

15 V. Summary and Conclusion 2012 started off strong but slowed mid-year amidst slowing manufacturing and the Eurozone Crisis Later in 2012, the economy began an uptick as the Eurozone Crisis cooled and the U.S. Presidential Election ended U.S. Manufacturing expanded in December, marking optimism for 2013 The Fiscal Cliff was resolved alleviating some uncertainty Economic forecasts are positive for 2013, and manufacturing is expected to expand again Sales of Machine Vision followed Manufacturing, posting negative growth for 2012 and returned to the trend-line Machine Vision financial transactions are expected to grow 4.0% in 2013

16 What s Coming For AIA Statistics

17 Contact Information Alex Shikany Director of Market Analysis 900 Victors Way, Suite 140 Ann Arbor, MI 48108, USA Phone: (734) Web: