1, machine vision industry chain structure
Machine vision industry upstream of the light source, lenses, industrial cameras, image acquisition cards, machine vision software and other providers. The industry's downstream applications are broader, the main downstream market is the semiconductor and electronics manufacturing industry. In addition to this there are applications in automotive, printing and packaging, agriculture, medical equipment and metal processing.
2, R & D investment focusing on cutting-edge technology areas
2019-2021, China's machine vision industry R & D investment from 1.46 billion yuan to 3.10 billion yuan, with a compound annual growth rate of 45.7%. In terms of the proportion of R&D investment, AI-driven solutions have the highest R&D investment, with AI-driven solutions accounting for 21.8% of the industry's R&D investment in 2021, followed by embedded vision systems.3D solutions have the fastest growth rate in R&D investment, with R&D investment in the direction of 3D solutions growing from RMB 230 million to RMB 650 million from 2019-2021.
3, the cost of components accounted for more than 60%
On the surface, the domestic market has gradually formed a "domestic" instead of "imported" reversal of the phenomenon, but from the Chinese machine Vision system cost structure, it will be found that the components accounted for more than 60%, the underlying software system development accounted for 19.88%. Among them, the cost of components, the camera accounted for the largest proportion, amounting to 27.11%.
Currently, most of China's high-end machine vision core component equipment from foreign companies, such as high-end lenses, high-end CCD and CMOS, intelligent cameras, high-speed image processing software, etc., the high-end core technology is still being controlled by foreign giants, the domestic enterprises are still mainly concentrated in the production of light sources, boards and cards, image software, cameras, and machine vision integrated systems. Domestic machine vision products in the overall strength has not yet appeared with Cognex, Keens and other benchmark enterprises, domestic machine vision enterprises in the hardware and software technology to put in a lot of hard work, in order to break the key technology is stuck in the neck of the situation.
4, upstream parts and components with high technical barriers to occupy the high point of the industrial value chain
Machine vision core value is concentrated in the upper reaches of the industrial chain, the hardware process and software algorithms to determine the product technology ceiling. Machine vision equipment value can be split into upstream components and software, midstream assembly integration and after-sales maintenance, of which the upstream occupies 80% of the value of the volume, the highest technical barriers; hardware part of the value of the industrial camera accounted for more than 50%, by the image sensor, image acquisition card and various types of chips, high technical barriers.
For more research and analysis of this industry, please refer to "China Machine Vision Industry Development Outlook and Investment Forecast Analysis Report" by Prospect Industry Research Institute.