Top 2 players in the Machine vision Market are: Cognex (US) , Keyence (Japan)

Cognex is the dominant player regarding the machine vision market in the US and globally. Cognex offers machine vision systems, software, sensors, surface inspection systems, and industrial ID readers for automation processes. In 2015, the company sold its Surface Inspection Systems Division (SISD) business to AMETEK, Inc. (US), a global manufacturer of electronic instruments and electromechanical devices based in the Americas. Currently, it has only one reportable segment—Modular Vision Systems Division (MVSD)—which provides inspection and automation-related products and services used for the production of cellular phones, aspirin bottles, automobile wheels, metals, paper, plastics, and glass, among others. The products of Cognex Machine vision are widely used in the manufacturing sector where the technology is considered as an essential component of the automated product and quality assurance. The company also launched new machine vision learning softwares amid the COVID-19 outbreak to further strengthen its portfolio and support Industry 4.0.

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• In January 2020, Cognex introduced the In-Sight D900 embedded vision system. The system is the first-of-its kind solution, as it features Cognex’s ViDi deep learning software inside an In-Sight industrial-grade smart camera. The self-contained system is designed to solve a broad range of complex in-line inspection applications including optical character
• In December 2019, Cognex announced the release of its In-Sight Explorer software featuring support for the OPC Unified Architecture (OPC UA) standard. As the premier data-exchange protocol for Industry 4.0, OPC UA enables streamlined communication and information sharing between In-Sight vision products and other industrial automation assets in smart factories

Keyence (Japan)

Keyence is among the frontrunners regarding machine vision products globally. The company develops, manufactures, and sells factory automation and control equipment, measurement instruments, information devices, and other electronic application equipment and systems. It is a leading supplier of sensors, measuring systems, laser makers, and machine vision systems worldwide. Some of the companys key subsidiaries are Keyence of America (US), Keyence Deutschland GmbH (Germany), Keyence Canada, Inc. (Canada), Keyence Limited (UK), Keyence México S.A. DE C.V. (Mexico), Keyence France SAS (France), Keyence International NV/SA (BELGIUM), Keyence Singapore PTE LTD. (Singapore), Keyence Italia S.p.A. (Italy), Korea Keyence Co., Ltd. (South Korea), and Keyence Co., Ltd. (China). Keyence is also focusing on enhancing its product portfolio and strengthening its sales channels to ensure medium- and long-term growth

• In November 2019, Keyence released a vision sensor integrated with artificial intelligence. The new IV2 Vision Sensor Series combines innovative new technology and ultimate usability. It uses AI algorithms that account for variations in lighting, part lot differences, and even oily and dirty parts. It helps provide stable and simple automated inspection across industries.