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As A Golden Track in Intelligent Manufacturing, Why Can Machine Vision Lead Quickly?

Mar 16, 2022

With the acceleration of China's industrialization process, the gradual transformation from "Made in China" to "Intelligent Manufacturing in China", robots are widely used, and the artificial intelligence industry is also rapidly heating up, making the machine vision industry the focus and entering a new stage of development. Accelerate expansion. With the transfer of the global manufacturing center to my country, my country is now the third largest application market in the field of machine vision after the United States and Japan.


According to the statistics of the Prospective Industry Research Institute, the global machine vision market has grown from US$2.5 billion in 2008 to US$7 billion in 2017, with a compound annual growth rate of 12.3%. According to the statistics of China Vision Industry Alliance and its member units, the sales of China's machine vision industry reached 10.3 billion yuan in 2019, and the compound growth rate since 2013 has reached 31.7%. my country's machine vision industry is developing at a high speed and high quality.


What is machine vision?


Machine vision refers to a device that automatically receives and processes images of real objects through optical devices and non-contact sensors, and analyzes them to obtain required information or to control machine motion. Divided by function, it can be divided into four categories: identification, measurement, positioning and detection. Currently, it is mainly used in the field of intelligent manufacturing.


According to the division of the industrial chain, the upstream mainly includes core components such as industrial cameras, lenses, controllers, and sensors, as well as the underlying software such as image processing and algorithm platforms; the midstream is divided into equipment manufacturers and system integrators; the downstream is mainly used in consumer electronics, Automobile manufacturing, food packaging, pharmaceutical industry and other fields.


The machine vision industry has become a blue ocean trend


From a global perspective, due to the continuous expansion of downstream consumer electronics, automobiles, semiconductors, pharmaceuticals and other industries, the global machine vision market has shown a rapid growth trend.


AIA statistics show that currently only 5% of potential users have used machine vision, and the remaining 95% of potential users have not yet used machine vision. After the full potential is exerted, the global market can reach 120 billion US dollars.


Domestically, benefiting from factors such as the continuous improvement of supporting infrastructure, the continuous expansion of the overall scale of the manufacturing industry, the continuous improvement of the level of intelligence, and favorable policies, China's machine vision market demand continues to grow.


According to GGII data, the scale of China's machine vision market in 2019 was 6.55 billion yuan (the data did not include the size of the computer vision market), a year-on-year increase of 21.77%, and the compound growth rate from 2014 to 2019 was 28.36%. Combined with the economic environment under the background of the new crown epidemic in 2020, the market size of China's machine vision industry in 2020 is about 7.9 billion yuan.


GGII predicts that by 2023, the scale of China's machine vision market will reach 15.6 billion yuan, and the compound growth rate from 2020 to 2023 will reach about 25.46%. It is conservatively estimated that by 2026, the scale of my country's machine vision market will exceed 20 billion yuan.



As the global manufacturing center shifts to China, the Chinese machine vision market is becoming an important target market for international machine vision manufacturers after North America, Europe and Japan. At present, the Asia-Pacific region, including China and Japan, accounts for more than 20% of the world, surpassing Europe and ranking the second largest regional market in the world.


As an emerging technology, machine vision has high hopes and is considered to be a promising market segment in the automation industry. Machine vision has good development prospects in many fields due to the superiority of the technology itself.


The machine vision track is hot


According to the survey and statistics of China Machine Vision Industry Alliance, there are currently more than 200 international machine vision companies and Chinese local machine vision companies (excluding agents) entering the Chinese market, more than 300 product agents, and more than 100 professional machine vision system integrators. 70, covering all links of the whole industry chain.


According to statistics, in 2020, there will be 242 investment and financing events in my country's robotics field, with a total amount of about 26.8 billion yuan. Among them, there were 20 cases of machine vision investment and financing, involving 1.695 billion yuan of investment and financing funds. From 2017 to 2020, the number of financing cases and the amount of financing in the field of machine vision in China generally showed an upward trend.


From the perspective of financing, the 3D vision field accounts for a higher proportion. According to the above, the size of my country's machine vision market will reach 15.6 billion yuan by 2023, of which the 3D vision market will reach 3.428 billion yuan. It is estimated that by 2025, the scale of my country's 3D vision market will exceed 10 billion yuan. This is due to the increased requirements for precision and automation in industrial control. 3D vision plays a big role in many "pain-point application scenarios" and is expected to become one of the hottest technologies.


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