China
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Chinese vision market strong despite slow electronics sector
Jin Pan, chairman of the China Machine Vision Union, updates on the machine vision market in China
F
rom 2016 to 2018, machine vision sales revenue in China increased from ¥4.89bn to ¥8.39bn ($1.2bn), with an average
compound annual growth rate of 31 per cent. Last year growth in the Chinese machine
vision market slowed to 21.6 per cent year- on-year, compared to 41.2 per cent growth in 2017. Tis is because of the escalating trade war between China and the United States, as well as the slowdown in demand of downstream industries.
Net profits reached ¥990m in 2018,
up from ¥630m in 2016. But because of a slowdown in macroeconomic growth, deterioration of the international trade environment, fluctuation of the RMB exchange rate, intensification of market competition, and increase in labour and production costs last year, the overall profitability of the industry was weakened, and the net profit margin fell to 11.8 per cent. Chinese enterprises with sales revenue
28 Imaging and Machine Vision Europe • Yearbook 2019/2020
between ¥50m and ¥100m achieved the highest net profit margin, reaching 19.2 per cent in 2018. Te domestic market makes up 90 per cent
of the Chinese machine vision sector. Among the domestic market, the eastern coastal region is the traditional manufacturing base, and is also a major distribution area of machine vision. Te region accounts for 71.6 per cent of sales. Compared with the eastern coastal region, the economic development level of the central and western regions is relatively low, and the amount of manufacturing is small. Terefore, the demand for machine vision products is not strong, resulting in a relatively low proportion of sales revenue, 18.4 per cent. Sales of machine vision products into the
electronics sector amounted to ¥1.83bn, with flat-panel display, automotive, and battery production the next highest, with revenues of
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