1.3, the industrial chain includes upstream parts and midstream integrators, and the upstream potential market space is larger

The machine vision industry includes upstream hardware and software manufacturers and midstream integrated manufacturing equipment manufacturers, and downstream application fields are blooming. The upstream of the machine vision industry 4351B chain is composed of machine vision parts and algorithm software. The core parts include light source, industrial lens, industrial camera, image acquisition card, algorithm software, etc. The upstream market of domestic machine vision is mainly occupied by old foreign manufacturers. The midstream includes machine vision equipment manufacturers and system integrators, who are mainly responsible for the secondary development of software and the overall manufacturing of equipment. Because the downstream demand is relatively fragmented, the market concentration of midstream enterprises is low. The downstream of machine vision is the terminal application industry, covering electronics, semiconductors, automobile manufacturing, food packaging, pharmaceutical and other fields, and many application scenarios are blooming.

4351B

Core components and software development are the main components of machine vision costs, and the upstream potential market space is larger. The whole machine vision industry chain can be divided into core parts and software providers, integration and software service providers, of which the core parts and software include light sources, lenses, industrial cameras, image acquisition cards, image processing software, etc. In terms of the cost composition of the entire machine vision system, the core parts and software development account for 80% of the proportion, which is the core ring section of the industrial chain. The value of the midstream assembly and integration 4351B in the industrial chain is relatively limited, only 15%, and the market share of the back-end maintenance link is only 5%. Because the downstream application of machine vision industry is more dispersed and the degree of standardization is low, the cost of debugging and development for specific industries is high for midstream equipment manufacturers, and the possibility of rapid promotion and replication in different industries in terms of business model is relatively low. In contrast, the upstream core parts and components generally have a high degree of standardization and are relatively limited by changes in downstream market demand. Overall, compared with the midstream, the upstream potential market space is larger. (Report source: Future Think Tank)