Cognex Corporation, Sony Corporation, and SICK AG are Dominating the Asia Machine Vision Logistics Market in the year 2021

Asia Machine Vision Logistics is expected to grow with the CAGR of 10.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Asia machine vision logistics is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Asia machine vision logistics are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In March 2021, Sony Corporation had announced that they have become the newest member of the VR/AR Association. The VR/AR Association (VRARA) is an international organization designed to foster collaboration between innovative companies and people in the virtual reality and augmented reality ecosystem that accelerates growth, fosters research and education, helps develop industry standards, connects member organizations and promotes the services of member companies

Cognex Corporation is the key dominating player in the market. Other players dealing in this market includes KEYENCE CORPORATION, Basler AG, TELEDYNE TECHNOLOGIES, Delta Electronics, Inc., Datalogic S.p.A., Texas Instruments Incorporated, Intel Corporation, SICK AG, Sony Group Corporation, Omron Microscan Systems, Inc., Allied Vision Technologies GmbH, LMI TECHNOLOGIES INC., Canon Inc., Baumer, Hikrobot Technology Co., Ltd., Cincoze Co., Ltd., VITRONIC, Dorabot Inc., Aqrose Technology Co. Ltd, and neuphonix machine vision among others.

Asia Machine Vision Logistics MarketSony Corporation

The company was established in 1946 and it’s headquarter is located in Japan. The Company is focused in providing various electronics and advanced systems to customers. Their product categories as well as business segments include game and network service, music, imaging and sensing solutions, financial service.

  • In February 2021, Sony Corporation had launched a new VR system for the recently launched PlayStation 5. This system involves in connecting PS5 along with a single-cord to simplify setup and improve ease of use that enables high-fidelity virtual experience. Also, Sony Corporation is working on a new VR controller, which uses some of the features found in the DualSense PS5 controller

 The company offers services in all of North America, South America, Asia Pacific and Middle East and Africa.

SICK AG

The company was established in 1946 with it’s headquarter in Germany. The company is engaged in offering innovative sensors, optics, and intelligent optics for consumer. Their product categories are accessories, analyser, machine vision, colour sensor & others, their focused market category is machine vision. They are located all over America, Asia-Pacific, Europe and Middle East & Africa.

  • In June 2020, SICK AG had launched SICK AppStudio as a part of the SICK AppSpace ecosystem. In this eco-system, programmable sensors and edge devices can be configured for new tasks using SensorApps. With this, the company had created the foundation for a larger target and user group thereby growing a community of developers

Cognex Corporation

The company was established in 1981 with its headquarter in U.S. The company deals with machine vision systems, sensors for industrial and public sector. Their product categories include barcode readers, scanners, vision software and others. Their market focused category is machine vision and vision software. They are located all over the America, Asia-Pacific, Europe and Middle East.

  • In October 2020, Cognex Corporation upgraded In-Sight D900 with a Deep Learning Vision System. This UPGRADATION gave an essential feature of distinguishing numerous colors, which can be used for many assembly verifications and defect detection applications with key features such as easy detection, quick response, and cost-effectiveness. This product has wide applications such as industrial, public service, and healthcare, which will help the company expand its market in the coming years