U.S. ELECTRO-OPTICAL SALES TO NEAR $600 MILLION, DRIVEN BY QUALITY CONTROL DEMANDS.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Spurred by demands for improved product quality in the face of intensifying in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: worldwide competition across a broadening variety of industries, U.S. sales of electro-optical instruments will grow from $411 million in 1993 to $590 million in the year 2000 at a 5 percent compound annual rate, projects a new study just released by Frost & Sullivan. In 1993, charge-coupled device See CCD. (electronics) charge-coupled device - (CCD) A semiconductor technology used to build light-sensitive electronic devices such as cameras and image scanners. CCDs can be made to detect either colour or black-and-white. imaging cameras and machine vision and inspection systems accounted for 41 percent of total market revenues, spectrophotometers 37 percent and scanning electron microscopes scan·ning electron microscope n. Abbr. SEM An electron microscope that forms a three-dimensional image on a cathode-ray tube by moving a beam of focused electrons across an object and reading both the electrons scattered by the object and 15 percent, says the report, U.S. ELECTRO-OPTICAL INSTRUMENT AND INSPECTION SYSTEM MARKETS: ADVANCED PRODUCT FEATURES AND MARKET REPUTATION DETERMINES THE LEADER IN PRODUCTION & QUALITY CONTROL APPLICATIONS. The importance of electro-optical instruments and systems is in their recognized position as the fastest available means to ensure product quality through integration of electronics and optical science to detect product flaws. Quality and production control have gained new significance in increasingly competitive and performance-oriented worldwide markets. Relatively new end-user industries have registered increased demands for electro-optical instruments including pharmaceutical, medical and healthcare, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. and beverages, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , bio-medical and packaging industries. While government, military and aerospace industries have traditionally been major end-users of these products, these have reduced their purchases in recent years. Government-sponsored research was also postponed or shelved during the early 90s with budget cuts. Increased research and development investment in the early 1990s is paying off now in new innovative products. The market was constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. by the industrial recession of the early 90s, which encouraged promotion of refurbished equipment as a cost-effective alternative to new products. Many vendors are focusing on incorporation of microprocessors This is a list of microprocessors. Intel
Miniaturization min·i·a·tur·ize tr.v. min·i·a·tur·ized, min·i·a·tur·iz·ing, min·i·a·tur·iz·es To plan or make on a greatly reduced scale. min of vision and data acquisition components in inspection systems are on the way. High-resolution cameras and CCD sensors See CCD. along with user-friendly software will be key to successful automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. visual inspection. The new breed of fast and accurate equipment like today's machine vision systems, capable of performing high-speed on-line inspections in various manufacturing environments, can analyze and make decisions on product acceptance or rejection. Products studied in this report are limited to electro- optical instruments and systems used in production and quality control and assurance applications. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Report: 5096-30 Publication Date: 1994 Price: $2195 Total Electro-Optical Instruments Market: Unit Shipment and Revenue Forecasts (U.S.), 1990-20003-1 Total Electro-Optical Instruments Market: Unit Shipment and Revenue Forecasts (U.S.), 1990-2000gures Revenue Units RevenuesGrowth Rate Year (000)($ Million) (%) 1990 34.2 390.9 --- 1991 36.0 409.4 4.7 1992 37.3 409.5 0.0 1993 38.7 411.2 0.4 1994 40.7 420.9 2.4 1995 43.3 436.2 3.7 1996 46.5 457.8 4.9 1997 50.4 484.5 5.8 1998 54.8 515.6 6.4 1999 59.8 551.0 6.9 2000 65.4 590.0 7.1 Compound Annual Growth Rate (1993-2000): 5.3% Note: All figures are rounded. Source: Frost & Sullivan CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 171 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 171 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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