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Cognex's Comment on Competitors and Industry Peers
The machine vision market is fragmented and our competitors are typically other
vendors of machine vision systems, controllers, and components; manufacturers
of image processing systems, sensors, and components; and system integrators.
In addition, in the semiconductor and electronics capital equipment market,
and with respect to machine builders in the factory automation market, we compete
with the internal engineering departments of current or prospective customers.
In the identification and logistics market, we compete with manufacturers of
automatic identification systems. Any of these competitors may have greater
financial and other resources than Cognex. Although we consider Cognex to be
one of the leading machine vision companies in the world, reliable estimates
of the machine vision market and the number of competitors are not available.
Cognex’s ability to compete depends upon our ability to design, manufacture,
and sell high-quality products, as well as our ability to develop new products
and functionality that meet evolving customer requirements. The primary competitive
factors affecting the choice of a machine vision or ID system include vendor
reputation, product functionality and performance, ease of use, price, and post-sales
support. The importance of each of these factors varies depending upon the specific
customer’s needs.
*Market share calculated with total revenue.
CGNX's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Cognex Corp |
811 |
15,258 |
176 |
1,305 |
SUBTOTAL |
811 |
15,258 |
176 |
1,305 |
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