Owen, who moved to Old Trafford on a free transfer last month, came under criticism following his performance against Valencia on Wednesday night in a pre-season friendly during which he missed four good goal scoring opportunities.
Not fazed by the 29-year-old's performance against the Spanish side however, Ferguson is the first to point out that his new striker has scored four times in six matches this summer.
Standing by his decision to sign Owen, the Scot said: "Michael may have reached the stage in his career where he won't figure in every game - but he'll score a lot of goals for us.
"It will be in keeping with his tremendous record throughout his career for England, Liverpool and Newcastle. Michael was perhaps out most controversial summer signing but I believe he'll continue to surprise people."
In recent years, Owen has been plagued by a series of injuries. In 2006 he sustained a foot fractured which kept him out of action for several months - almost immediately after his return he picked up an Anterior Cruciate Ligament injury to his right knee and was ruled out for a year.
A series of muscle strains, illness and surgery for a double hernia has also seen him sidelined, but Ferguson is sure Owen can take inspiration from Paul Scholes who last season fought back from injury in a desperate bid to be fit for the Champions League final against Barcelona.
"There seems to be a constant debate about the injuries he's picked up over the years but look at Paul Scholes," Ferguson told the Sun. "He's had two or three injuries and he's always come back - so we are not worried about Michael.
"If players have the resolve to get back then they always will and there's no doubt Michael still loves the game and is hungry to play."