The scale of China's machine vision market is expected to exceed 12.6 billion yuan in 2020

 With the development of technology, machine vision plays an increasingly important role in modern science and technology and economic fields. Whether it is artificial intelligence or advanced manufacturing, they are inseparable from the support of machine vision technology. Therefore, the application of machine vision systems is becoming more and more popular, and the proportion of applications in related industries at home and abroad continues to increase. In the field of domestic artificial intelligence alone, the application proportion of machine vision technology has reached more than 30%, and the market size continues to rise.

      The basis for realizing the era of artificial intelligence is the intelligence of the industrial field. For example, various types of measurement and testing on the production line require the participation of machine vision equipment; the sorting and transportation of products by robotic arms on the production line are also inseparable from machine vision technology. Accurate positioning and identification capabilities; during product transportation, machine vision technology is also needed to help with screening and classification.

      Industry experts said that for the industrial manufacturing industry, the development and maturity of machine vision technology will bring two major benefits, namely accuracy and efficiency. With the assistance of machine vision technology, industrial equipment can complete tasks that were previously impossible or impossible with human vision, further improving operational efficiency and reducing error rates in production, inspection, sorting, transportation and other links.

       From a global perspective, many emerging economies are facing problems such as declining demographic dividend and rising labor costs, and are committed to developing smart industries. The demand for industrial automation continues to grow, which has paved the way for the widespread application of artificial intelligence technology, including machine vision. brings significant opportunities. Against this background, the global machine vision market is expanding rapidly.

       According to statistics from statistical agencies, the global machine vision market grew from US$3.6 billion to more than US$8 billion in the years from 2011 to 2017. By the end of 2020, the global machine vision market is expected to reach US$12.5 billion, and will exceed US$19.2 billion in 2025. Domestically, China's machine vision market size is expected to increase from 8.07 billion yuan in 2018 to 12.61 billion yuan in 2020 .

       Previously, the global machine vision market was basically controlled by a few international giants from Western developed countries. As my country increases its efforts to support the development and technological innovation of the local machine vision industry, domestic machine vision companies and related products are rising rapidly and gradually moving toward China. The high-end market has launched an impact. Judging from the data, the number of domestic machine vision companies has increased significantly in recent years, and market competition has become increasingly fierce.

       Specifically, the domestic machine vision industry is still in the early stages of competition and has not yet formed a foregone conclusion. Hikvision, Baidu, Huawei, Alibaba, Tencent, SenseTime, Megvii, Yuncong, Yitu and other companies are "showing their unique abilities". Promoting the overall progress of the domestic machine vision industry and the continued expansion of the market territory. Intelligent Manufacturing Network believes that under the favorable stimulation of national policies and the domestic market, there is still huge room for the development of the local machine vision market.

       As the direct integration point of new generation information technology such as artificial intelligence and industrial manufacturing, the machine vision industry is expected to maintain rapid development at the global level, and companies with core technologies and competitiveness that can quickly promote commercialization will inevitably be affected by the capital market and more favored by the consumer market. Therefore, it is now time to seize the industry development opportunities.

       From the perspective of sustainable growth of the market, with the continuous extension of machine vision application fields and application scenarios, the future market potential can still be tapped, and the ceiling of the industry is very high. According to a report from a research agency, the current global machine vision penetration rate is still very low, and 90% of relevant scenarios have not integrated and applied machine vision technology. Once the market potential is fully tapped, the global machine vision market may exceed US$120 billion.

       In addition, industry insiders are particularly optimistic about the prospects of the 3D machine vision market. As 3D machine vision technology becomes more widely and deeply applied and recognized by more and more customers, the global 3D machine vision market is expected to reach approximately US$4 billion by 2028. For major players in the industry, 3D machine vision is a future competitive high ground not to be missed.