AIDC Systems Application Software to Grow 8.8% by 2007
4/9/2004 - According to a recent report by Venture Development Corporation, Global Markets for AIDC Systems Application Software, Volume IV: Manufacturing Shop-floor Application Software, revenues for AIDC manufacturing shop-floor application software will approach $135 million by 2007.
Several markets will contribute significantly to this growth:
- Pharmaceutical Manufacturing - Strong growth is expected within pharmaceutical manufacturing as the U.S. FDA investigates new standards for "track and trace" procedures as well as anti-counterfeiting measures. VDC expects work-in-process (WIP) tracking and inspection software to experience an increase in sales over the next five years as manufacturers install systems to create electronic pedigrees and inspect the drugs for authenticity.
- Semiconductor & Electronics - The semiconductor and electronics industries are large supporters of inspection software, particularly for the automated silicon wafer and integrated circuit (IC) inspection process.
- Automotive - Standardization drives AIDC system adoption with the automotive industry. Manufacturers are more likely to invest in AIDC solutions - software and hardware - as the Automotive Industry Action Group (AIAG) continues to issue regulations governing standard usage for AIDC technologies such as bar code labels and RFID transponders.
- Retail Supply Chain - Retail supply chain continues to provide opportunities for AIDC software. Supply chain management applications using RFID technology will continue to develop and expand, offering significant growth opportunities to an expansive field of software vendors, hardware manufacturers, and third-party integrators.
According to VDC analyst Taylor Smith, "AIDC manufacturing shop-floor software revenues are concentrated in vertical markets that require accurate part/product tracking for recalls, safety, and efficiency such as automotive, electronics, and pharmaceuticals. Primarily driven by coding and compliance labeling regulations, these three segments account for over 52% of software revenues."
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