The application technology of artificial intelligence mainly includes speech technology, vision technology, natural language processing technology and basic hardware, etc., among which, machine vision technology is the premise of robot autonomous action, which can realize the computer system’s observation, recognition and judgment of the external environment, and is one of the most important frontier branches of artificial intelligence.

330130-080-00-00 Machine vision technology involves many fields such as machinery, electronics, optics, automatic control, computer science, image processing and pattern recognition, accounting for more than 40% of the application technology of artificial intelligence enterprises at home and abroad, and the application range is very wide.

With high growth

The global market for machine vision will grow from $3.17 billion in 2010 to $10.7 billion in 2020, with a CAGR of 14.47%. From the perspective of regional distribution, the machine vision market is the largest in Europe, accounting for 36.4% of the world; North America 330130-080-00-00 and the Asia-Pacific region accounted for 29.3% and 25.3%, respectively, and South America, the Middle East and Africa accounted for 9.1%.

Benefiting from the shift of the global manufacturing center to China, the Chinese machine vision market has developed rapidly, becoming another important target market for international machine vision manufacturers outside of Europe, North America and Japan.

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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.

Since 2013, the state has successively issued relevant policies and plans to provide support for the machine vision industry. The “13th Five-Year Development Plan for Intelligent Manufacturing” issued in 2016 put forward ten key tasks to accelerate the development of intelligent manufacturing equipment and promote the intelligent transformation of key areas. The development plan provides strong support for the development of high-end equipment manufacturing and automated production, and the demand for machine vision products as supporting equipment is gradually increasing.

The “Guiding Opinions on Accelerating the Cultivation 330130-080-00-00 of New Models and New Formats of Shared Manufacturing and Promoting High-quality Development of Manufacturing” released in 2019 put forward requirements to support platform enterprises to actively apply artificial intelligence technology, develop intelligent detection functions, and constantly improve the intelligence level of the entire manufacturing process.

Machine vision technology facilitates intelligent inspection, improves efficiency and reduces labor costs. With the development of the industry, customers understand the wide application of machine vision technology, efficiency and cost reduction and other favorable factors, the penetration rate of machine vision in various industries has gradually increased.

From 2015 to 2018, the market size of China’s machine vision industry grew rapidly, maintaining more than 40%. According to the forecast of China Business Industry Research Institute, the size of China’s machine vision market will be 11.5 billion yuan in 2020, with a year-on-year growth rate of 11.65%. The 2015-2020 compound growth rate is 37.97%, which is 24.31pct higher than the global machine vision industry’s 2015-2020 compound growth rate.