With the gradual deepening of Chinese industrial digitization and intelligent transformation, and the gradual promotion of intelligent manufacturing, industrial machine vision has gradually formed a large-scale industry, and with the implementation of artificial intelligence technology in the industrial field, it has gradually penetrated into various scenarios of industrial production. At present, industrial machine vision has a low penetration rate in the overall solution of intelligent manufacturing in China, and there is still a large room for growth. Compared to international giants in machine vision, domestic machine vision manufacturers have customized advantages in system integration and equipment manufacturing due to their closer proximity to the application market.
Chinese industrial machine vision industry is ushering in its own spring
In 2019, the total volume of Chinese industrial machine vision market maintained growth, and its share in the global market increased.
Recently, CCID Consulting Co., Ltd. and 21st Century Economic Report jointly released the "White Paper on the Development of Chinese Industrial Machine Vision Industry".
According to the white paper, the global industrial machine vision market size in 2019 was approximately $8 billion, an increase of approximately 3% compared to 2018, but the growth rate continued the downward trend that began in 2017.
The scale of Chinese industrial machine vision market is about 13.9 billion yuan, with a growth rate of about 4.8%, which is the lowest growth rate in the past three years. However, its total volume has maintained growth and its share in the global market has increased.
According to the analysis of the white paper, in the future, industrial control will have increasingly high requirements for accuracy and automation, and 3D machine vision will become one of the hottest technologies in intelligent manufacturing, displaying its skills in many "pain point type application scenarios". The transition from 2D to 3D will become the fourth breakthrough in visual technology after black-and-white to color, low resolution to high resolution, and static to dynamic images.
In terms of investment value, considering that the value chain of industrial machine vision technology is mainly concentrated in core components such as lenses, cameras, image sensors, etc., machine vision enterprises with the ability to expand into the upstream core component field are more likely to achieve a higher return on capital.
Focus direction
The machine vision industry will have strong growth potential for a long time in the future, with a high ceiling in the industry. As the manufacturing industry upgrades from automation to digitization and then to intelligence, the position and role of machine vision will become increasingly important. As a major industrial country, China is expected to unleash huge market demand for machine vision systems in the process of industrial upgrading in the future.
At present, industrial machine vision has a low penetration rate in the overall solution of intelligent manufacturing in China, and there is still a large room for growth. Compared to international giants in industrial machine vision, domestic machine vision manufacturers have customized advantages in system integration and equipment manufacturing due to their closer proximity to the application market.
In this regard, the white paper points out that industrial machine vision enterprises with high-performance cameras and other component products, core technologies at the software algorithm level, and the ability to conduct in-depth customization for the industry and manufacturing process have long-term investment value.