For the industrial manufacturing industry, the development and maturity of machine vision technology will bring two benefits: precision and efficiency.

3HAB8101-18/08A In the field of modern science and technology and economy, machine vision plays an increasingly important role. Whether it is artificial intelligence or advanced manufacturing, it is inseparable from the support of machine vision technology, so the application of machine vision system is becoming more and more popular, and the application proportion of relevant industries at home and abroad continues to increase. As far as the domestic artificial intelligence field is concerned, the application of machine vision technology accounts for more than 30%, and the market size continues to climb.

The basis for realizing the era of artificial intelligence is the intelligence of the industrial field, such as all kinds of measurement and testing on the production line, which requires the participation of machine vision equipment; The sorting and handling of products by the robot arm on the production line are also inseparable from the accurate positioning and identification capabilities of machine vision technology; In the process of product transportation, machine vision technology is also needed to help screen and classify.

3HAB8101-18/08A Industry experts said that for the industrial manufacturing industry, the development and maturity of machine vision technology will bring two major benefits, respectively, precision and efficiency. With the assistance of machine vision technology, industrial equipment can complete tasks that could not be completed in the past or that could not be completed by human vision ability, further improve work efficiency, and reduce the error rate in many links such as production, detection, sorting, and transportation.

From a global perspective, many emerging economies are facing problems such as declining demographic dividend and rising employment costs, and are committed to developing smart industries, and the demand for industrial automation continues to grow, which brings major opportunities for the wide application of artificial intelligence technology, including machine vision. In this context, the global machine vision market is expanding rapidly.

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

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3HAB8101-18/08A Previously, the global machine vision market was basically mastered by a few international giants in Western developed countries, with China increasing efforts to support the development of local machine vision industry and technological innovation, domestic machine vision enterprises and related products are rising rapidly, and gradually launched an impact on the high-end market. From the data point of view, in recent years, the number of domestic machine vision enterprises has increased significantly, and the market competition has become increasingly fierce.

Specifically, the domestic machine vision industry is still in the early stage of competition, has not yet formed a final decision, Hikvision, Baidu, Huawei, Ali, Tencent and Sensetime, MegVII, cloud Cong, Yitu and other enterprises “each show their genius”, promoting the overall progress of the domestic machine vision industry and the continuous expansion of the market territory. Intelligent manufacturing network believes that under the favorable stimulus of national policies and the domestic market, the development of the local machine vision market still has huge space.

3HAB8101-18/08A As a direct integration point of the new generation of information technology such as artificial intelligence and industrial manufacturing, the machine vision industry is expected to maintain rapid development at the global level, and enterprises with core technologies and competitiveness, and can quickly promote commercial use will inevitably be more favored by the capital market and consumer market. Therefore, to grasp the industry development opportunities in the present.

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

In addition, the industry is particularly optimistic about the prospects of the 3D machine vision market. With the wider and deeper application of 3D machine vision technology and the acceptance of more and more customers, the global 3D machine vision market is expected to reach about $4 billion by 2028. For the major players in the industry, 3D machine vision is a high ground for future competition that cannot be missed.