1.2, China is in the early stage of development, and the market scale is expanding rapidly

F7130A  Globally, under the wheel drive of imaging, application, computing power and algorithms, the machine vision industry has entered the early stage of development. Worldwide, machine vision was still in its infancy during 1969-1980, mainly driven by imaging technology, and a complete concept of machine vision had not yet been formed. From 1980 to 1990, machine vision was in its infancy. With the rapid development of CCD image sensor, CPU, DSP and other hardware and image processing technology, machine vision gradually moved from theoretical research to industrial application. From 1990 to 2000, the machine vision industry was in a period of growth and fluctuation. Due to the immature development of imaging technology and algorithm computing power, the system cost was very high, and the industry entered a period of growth and fluctuation. From 2000 to 2010, under the dual drive of application and computing power, the machine vision industry officially entered the early stage of development, and the FPD flat panel detection, PCB detection and the automotive industry put forward a large number of demands; During 2010-2020, driven by algorithms, the machine vision industry ushered in a period of accelerated development, and has been widely used in electronics, automobiles, semiconductors and other fields.

Domestically, it started late but is already in the early F7130A  stage of rapid development, and has gradually shifted from agency services to independent research and development. From 1990 to 2000, China’s machine vision industry was in the embryonic stage, and in the 1990s, domestic machine vision agent enterprises began to appear, mainly engaged in machine vision devices and technology agent services; From 2001 to 2010, the domestic machine vision industry was in its infancy. Driven by representative downstream applications such as RMB banknote printing quality inspection, tobacco and raw cotton foreign matter removal, and postal sorting, a number of professional machines began to appear in China. More and more enterprises began to explore and develop machine vision hardware and software equipment with independent intellectual property rights. With the USB2.0 interface camera and acquisition card and other devices gradually accounted for the entry-level market, product performance continues to improve; 2011-2020 is the early stage of the development of the domestic machine vision industry, in 2011 began to Apple mobile phone processing and manufacturing as the core of the 3C electronic manufacturing industry demand to increase rapidly, directly promote the rapid development of China’s machine vision, since 2019, the domestic machine vision industry continued to maintain a growth rate of 20%-30%. According to CB Insight data, in 2020, it has become the world’s third largest market after the United States and Japan.

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F7130A  The size of the global machine vision market returned to steady growth, and the European and American markets accounted for 65.7% in 2019. According to data from Markets and Markets, the global machine vision market has maintained steady growth from 2016 to 2019, with an annual compound growth rate of 18%, reaching $10.2 billion in 2019. In 2020, due to the impact of the epidemic on the global industry, the machine vision market size has declined under the background of low demand in downstream industries, and the global machine vision parts market size is $10.2 billion. In 2021, with the recovery of traditional industries and the vigorous development of the new energy industry, the expansion demand of related enterprises has been stimulated, and the demand for visual inspection products has increased. According to the forecast of Markets and Markets, the global machine vision market size is expected to maintain a steady growth of 6% compound growth rate in 2021-2025. At the same time, in 2019, the total size of the machine vision market in Europe and North America accounted for 65.7%, and the global market was mainly concentrated in Europe and the United States.

Domestic machine vision market sales are growing rapidly, F7130A  and the number of enterprises is increasing. According to data from the Machine vision Industry Alliance, China’s machine vision sales reached 10.3 billion yuan in 2019, with a compound annual growth rate of 28% from 2016 to 2019, much higher than the 18% growth rate of the global market, of which the 3D machine vision market benefited from the downstream industry demand and continued to maintain rapid growth. From the point of view of the number of domestic enterprises, there were only 60 domestic machine vision enterprises in 2010, and with the continuous research of domestic independent technology property rights and continuous exploration in the fields of light source, camera and so on, the number of domestic machine vision enterprises peaked at 819 in 2019, and fell to 637 in 2020. However, compared with 2010, it has increased more than ten times. In the future, with the further expansion of machine vision industry sales and the further growth of the number of enterprises, it is expected that the industry will continue to maintain a high prosperity under the resonance of supply and demand.