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2025-03-29 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > Internet Technology >
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With Industry 4.0, machine vision, a branch of the steadily growing artificial intelligence industry is booming. According to Reportlinker, the global machine vision market is worth about $8.9 billion in 2018, up 18.7% from a year earlier, and is expected to exceed $14 billion by 2025. Europe and the Americas account for more than 70 per cent of the market.
China's machine vision market has boomed over the past decade, with a 2018 valuation of 6.5 billion yuan ($980 million), an increase of 47.7 percent over the same period last year, accounting for 11.0 percent of the global total, with a valuation of 7.9 billion yuan in 2019. It is expected that by 2025, this figure will exceed 14 billion yuan.
Machine vision was first used in semiconductor electronic manufacturing, automobile manufacturing, pharmaceutical and other fields. From 2015 to 2018, machine vision maintained an average annual growth rate of more than 20%. The popularity of intelligent manufacturing will be conducive to the penetration of machine vision in these fields.
In recent years, in addition to traditional manufacturing, machine vision has also been widely used in safety, intelligent transportation, new retail and other fields. In particular, preferential policies in safe cities and smart cities have enabled this technology to be rapidly applied to the field of safe intelligent transportation, and AAGR has increased by more than 50% in the past two years.
At present, the global machine vision industry is not highly concentrated. The world's major suppliers are mainly composed of American, Japanese and Chinese manufacturers, such as Keyence, Cognex, Panasonic, OMRON and Daheng Technology. In 2018, CR5's global market was less than 40 per cent, but it had a relatively stable competitive landscape: Keynes remained the champion with a market share of 10 per cent, followed by Connaught, while DAHENG was 1.6 per cent competitive as China's largest provider of machine vision systems.
The expansion of the machine vision market is accompanied by more and more entrants, which may lead to a reduction in industry concentration. At present, traditional suppliers are trying to gain a foothold, and some outsiders are also trying to enter the market through investments and acquisitions.
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