GGII: In-depth research report on machine vision industry-EEWORLD

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1. Market size

From the perspective of the global market, GGII data shows that the global machine vision market size in 2021 is about 80.4 billion yuan, a year-on-year increase of 12.15% from 2020. It is expected that the market size will exceed 120 billion yuan by 2025. The compound growth rate from 2022 to 2025 is about 12%.

In 2021, the vigorous development of logistics, warehousing and new energy industries has driven the expansion needs of related companies, and the demand for visual inspection products has increased significantly. According to GGII data, the scale of China's machine vision market in 2021 was 13.816 billion yuan (this data does not include the scale of automated integrated equipment), a year-on-year increase of 46.79%. Among them, the 2D vision market size is about 12.665 billion yuan, and the 3D vision market is about 1.151 billion yuan; the recovery of traditional industrial products has also brought vitality to machine vision, and the growth trend is obvious.

According to GGII's forecast, by 2025, my country's machine vision market size will reach 46.874 billion yuan, of which the 2D vision market size will exceed 36 billion yuan and the 3D vision market size will exceed 10 billion yuan.

2. About the competition landscape

From the perspective of the overall domestic machine vision market, the competition between domestic and foreign brands has begun to show a situation of confrontation, and even in some links of the industrial chain, the share of domestic brands has absolutely surpassed that of foreign brands. For example, in the field of lenses and light sources, domestic representative manufacturers include OPT, Dongguan RESS, Changbudao, etc.; in the field of cameras, domestic representative manufacturers include Hikvision Robotics, Huarui Technology, Daheng Image, etc.;

From the perspective of the market share of domestic and foreign brands, according to GGII data, domestic brands accounted for 58.43% of the machine vision market share in 2021, and the import substitution process began to accelerate.

From the perspective of the scale of visual business, all major manufacturers have achieved relatively impressive business growth in 2021, especially domestic manufacturers. Hikvision Robotics' machine vision business achieved a growth of more than 100% in 2021, and its domestic business scale exceeded Keyence and Cognex, ranking first. Other domestic manufacturers such as OPT and Huarui Technology also had a relatively high growth rate.

Note: Only the revenue from machine vision software and hardware business is counted here, including cameras, lenses, light sources, smart cameras, software algorithm packages, image acquisition cards, vision controllers, image processing systems, vision equipment integration, etc. Related businesses such as automation equipment integration and special equipment are not included in the statistical scope.

3. Distribution of application industries

In the manufacturing industry, machine vision is widely used to assist production, such as electronics and semiconductors (integrated circuits, PCBs, electronic components, wafers, flat panel displays, etc.), automobiles (auto parts), lithium batteries, food packaging and packaging printing, and logistics.

GGII data shows that the 3C electronics industry is the most widely used application area for machine vision, and has ranked first in application for many consecutive years; at the same time, the semiconductor, automobile, lithium battery, food and beverage, logistics and warehousing and other industries are also major application areas.