The demand for machine vision has increased dramatically with the development of automation industry in recent years, which has directly led to the upgrading of visual professional skills and related products. Compared to the visual market of previous years, the related cameras and calculations are changing and upgrading. With the coming of industry 4.0 revolution and the increasing difficulties of industrial needs, the related cameras and algorithms are also seriously upgrading in different aspects. For example, the camera turns to 3D direction, the algorithm is more inclined to intelligent algorithms, and machine-learning requires related algorithms, etc.
Chinese machine vision market which sprung up over the last decade was valued at virtually RMB6.5 billion (approximately USD980 million at a ratio of 1:6.6174) in 2018, a spurt of 47.7% on an annualized basis, or 11.0% of the global total, before reaching estimated RMB7.9 billion in 2019. It is expected that the figure will exceed RMB17 billion in 2025.
Machine vision was first applied to semiconductor and electronics manufacturing, automotive manufacturing and pharmaceutical production among other fields, where it sustained growth rates of over 20% on average each year during 2015-2018. The prevalence of intelligent manufacturing will be a boon for penetration of machine vision in these sectors.
Besides traditional manufacturing, machine vision also found broad application in security, intelligent transportation and new retailing in recent years. In particular, favorable policies concerning safe city and smart city programs rendered rapid adoption of the technology to security and intelligent transportation, in which it grew at an AAGR of over 50% in recent two years.
Global machine vision industry is not highly concentrated now. The expansion of machine vision market comes with a growing number of entrants, which may lead to a lower industry concentration. Currently, conventional suppliers work hard to gain a firm foothold, and some outsiders also try to enter the market by way of investment and acquisition as they did in 2019 when Facebook and Alibaba made their deployments through buying machine vision firms.
Since its establishment 16 years ago, Shenzhen Sipotek Technology Co., Ltd. has been committed to the research, development and manufacturing of image technology and machine vision, with more than 70 senior R&D personnel of machine vision system and industrial automation engineers. The company’s key technical personnel are mainly from huawei, byd, foxconn and other first-class manufacturing enterprises, with many years of mature experience in software design, visual and image comparison technology, industrial automation and other aspects.
About Shenzhen Sipotek Technology Co., Ltd
Started in 2002, Sipotek Technology is located in Shenzhen in China. The company designs and manufactures visual inspection systems with its avant-garde R&D department and a great experience in artificial vision technologies. Sipotek is a professional machine vision inspection system manufacturer from china.The Sipotek Technology staff supports customers 360 degrees automatd optical inspection(AOI), from listening to their requests to the development of ambitious machines for quality control.
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