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ELECTRONICS | Electrical Products
cognex.com

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Portfolio Exits

1

Partners & Customers

10

About Cognex Corporation

Cognex Corporation (NASDAQ: CGNX) designs, develops, manufactures, and markets a range of products that incorporate machine vision technology. Cognex products include barcode readers, machine vision sensors, and machine vision systems that are used in factories, warehouses, and distribution centers around the world to guide, gauge, inspect, identify, and assure the quality of items during the manufacturing and distribution process.

Cognex Corporation Headquarter Location

One Vision Drive

Natick, Massachusetts, 01760,

United States

855-426-4639

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CB Insights Intelligence Analysts have mentioned Cognex Corporation in 2 CB Insights research briefs, most recently on Feb 11, 2022.

Latest Cognex Corporation News

Smart Manufacturing Market Worth $446.24 Billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

May 11, 2022

News provided by Share this article Share this article REDDING, Calif., May 11, 2022 /PRNewswire/ -- According to a new market research report titled, " Smart Manufacturing Market by Technology (Robotics, AI, IIoT, Cloud, AR/VR), Application (Machine Inspection; Energy, Quality, and Warehouse Management; Planning, Surveillance, Optimization), End-use Industry, and Geography - Global Forecast to 2029," the smart manufacturing market is expected to grow at a CAGR of 21.5% from 2022 to 2029 to reach $446.24 billion by 2029. Download Free Sample Report Now @  https://www.meticulousresearch.com/download-sample-report/cp_id=5265 Smart manufacturing (SM) refers to the digitization of manufacturing at all levels: product design, supply chain, production, distribution, and sales. By analyzing data from all steps in the manufacturing process through machine learning, artificial intelligence, and connected robotics, manufacturers can stay agile and make fast adjustments to their business models. Businesses are adopting smart manufacturing to help streamline processes, increase productivity, stay competitive, and prepare for the future—including for unprecedented events, such as a pandemic. The growth of the market is attributed to the increasing government involvement in supporting smart manufacturing, the growing emphasis on regulatory compliance, growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing complexities in the supply chain, and surging demand for software systems that reduce time & cost. On the other hand, high investments and costs involved in implementing smart manufacturing solutions and a lack of standardization for technology platforms are some of the major factors restraining the growth of this market. The advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to offer significant growth opportunities for players operating in this market. However, privacy and data protection concerns and the lack of a requisite skilled workforce to implement and operate technologies are key challenges to the growth of the smart manufacturing market. The global smart manufacturing market is segmented based on technology, application, and end-use industry. The study also evaluates industry competitors and analyses the market at the country level. Government encouragement to promote industrial digitization drives the smart manufacturing market growth Smart manufacturing is becoming the focus of global manufacturing. As intelligence is derived from data, manufacturing big data is beneficial to all aspects of manufacturing. It can accurately predict requirements and quickly identify errors and bottlenecks, thus innovating products and services and improving manufacturing processes. Considering the significance of automated industrialization, major global economies are planning and implementing Industry 4.0 to transform their traditional manufacturing industry into a smart one with the adoption of new and advanced technologies, including IoT, artificial intelligence, robotics, cloud technology, and analytics. Manufacturing is an important part of the government agenda in many countries because it creates high-paying jobs, drives technological innovation, and generates more economic activity than any other sector. The competition for a strong manufacturing industry is a global one, and initiatives to promote and advance manufacturing from other governments include Germany's "Industrie 4.0", France's "Industrie du Futur," and China's "Made in China 2025". Japan has planned Society 5.0 (Industry 4.0), targeting its economic and social challenges, such as its aging population, labor shortages, and weak growth through advanced technologies. Germany Industrie 4.0 Initiative aims to create an industry infrastructure fit for sustainable future manufacturing in the country. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:  https://www.meticulousresearch.com/speak-to-analyst/cp_id=5265 China has planned a five-year plan to improve its manufacturing industry by incorporating advanced technologies in its traditional methodologies. The Chinese government launched "Made in China 2025", a state-led industrial policy that focuses on high-tech manufacturing. China has set up a USD 21 billion national investment fund to promote the transformation and upgrading of the country's manufacturing industry. In addition, India also adopted the Industry 4.0 plans to increase the manufacturing sector's contribution to 25% of GDP by 2025, from the current level of 16%. The U.S. federal government's "Manufacturing USA" initiative has created a network of manufacturing innovation institutes around the country, including the following: Apart from policy charting, governments across the globe have also announced investments in Industry 4.0. In August 2019, the South Korean government announced to invest WON 4.7 trillion (USD 3.9 billion) in innovative sectors in its 2020 budget, up from USD 3.2 billion in 2019. This includes 5G, digital twins, and artificial intelligence. Also, in October 2021, the Thailand Board of Investment (BOI) approved incentives to encourage companies to speed up Industry 4.0 transformation. All such positive government initiatives certainly encouraged the incorporation of industrial automation across different end-use industries. To provide efficient analysis, Meticulous Research® has segmented this market based on technology (robotics & automation, artificial intelligence, industrial IoT, cloud computing & storage, digital twin, industrial cybersecurity, additive manufacturing, blockchain, AR/VR), application (machine inspection & maintenance, quality management, inventory & warehouse management, production planning, surveillance & safety, energy management, resource optimization), end use industry (automotive, heavy machinery & tools, electronics & semiconductors, aerospace & defense, fast-moving consumer goods, medical devices, food & beverages, pharmaceuticals, paints & chemicals, oil & gas, metals & mining, energy & power, pulp & paper, others), and geography Based on technology, the industrial IoT segment is estimated to account for the largest share of the overall smart manufacturing market in 2022. The rapid adoption of artificial intelligence (AI) and Internet of Things (IoT) in the manufacturing sector, increasing overall equipment effectiveness (OEE), a growing focus on digital transformation, extensive government support in encouraging digitalization across the industrial sector, and rising adoption of smart devices driving the market growth. However, the blockchain segment is projected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the surge in demand for blockchain technology in the energy & power and industrial sectors, increasing demand for real-time data analysis, and the rising need to enhance production with minimum maintenance, simplify business processes, and reduce downtime. Quick Buy – Smart Manufacturing Market - Global Opportunity Analysis And Industry Forecast (2022-2029): https://www.meticulousresearch.com/Checkout/74788010 Based on application, the surveillance & safety segment is estimated to account for the largest share of the overall smart manufacturing market in 2022. However, the inventory & warehouse management segment is projected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the growing need for tracking the movement of goods, increasing manufacturing output due to the adoption of Industrial IoT (IIoT), the growing significance of forecasting models, and the rise in automation for minimizing human interaction. Based on end-use industry, the automotive segment is estimated to account for the largest share of the overall smart manufacturing market in 2022. The increasing adoption of industrial IoT solutions, the increasing emphasis on developing next-generation automobile warehouses, and the need to reduce costs & downtime in production lines are driving the market growth. However, the pharmaceuticals segment is projected to record the highest CAGR during the forecast period. Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa region. In 2022, Asia Pacific is estimated to account for the largest share of the overall smart manufacturing market and is projected to grow at the highest CAGR over the forecasted period. The growth of the Asia-Pacific market is attributed to the rising demand for automation, the increasing adoption of industrial robots, the advent of Industry 4.0, the growing adoption of cloud-based smart manufacturing solutions, and the presence of prominent key players in the region. In addition, Asia-Pacific holds tremendous growth opportunities for the smart manufacturing market due to the expanding manufacturing hubs in countries such as China and South Korea, particularly in their automotive, electronics & component manufacturing sectors, due to the high outsourcing rate in these sectors. Some of the key players operating in the smart manufacturing market are Amazon Web Services, Inc. (U.S.), Robert Bosch Manufacturing Solutions GmbH (Germany), Cisco Systems, Inc. (U.S.), 3D Systems Corporation (U.S.), Plex Systems, Inc. (U.S.), Cognex Corporation (U.S.), PTC Inc. (U.S.), FANUC CORPORATION (Japan), SAP SE (Germany), Mitsubishi Electric Automation, Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Hitachi, Ltd. (Japan), and Intel Corporation (U.S.). Browse in-depth TOC on "Smart Manufacturing Market - Global Opportunity Analysis And Industry Forecast (2022-2029)" 120 – Tables Industrial Internet of Things Automated Assembly Lines Digital Twin Surveillance & Safety Automotive About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact:

Cognex Corporation Portfolio Exits

1 Portfolio Exit

Cognex Corporation has 1 portfolio exit. Their latest portfolio exit was Cognex Corporation - Surface Inspection Systems Division on June 08, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/8/2015

Divestiture

$99M

1

Date

6/8/2015

Exit

Divestiture

Companies

Valuation

$99M

Acquirer

Sources

1

Cognex Corporation Acquisitions

6 Acquisitions

Cognex Corporation acquired 6 companies. Their latest acquisition was SUALAB on October 16, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/16/2019

Series C

$99M

$25.45M

Acquired

7

4/5/2017

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$99M

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10

12/9/2016

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$99M

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10

11/30/2016

Grant

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$99M

$99M

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10

10/28/2016

Seed / Angel

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$99M

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10

Date

10/16/2019

4/5/2017

12/9/2016

11/30/2016

10/28/2016

Investment Stage

Series C

Grant

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$25.45M

$99M

Note

Acquired

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Sources

7

10

10

10

10

Cognex Corporation Partners & Customers

10 Partners and customers

Cognex Corporation has 10 strategic partners and customers. Cognex Corporation recently partnered with Industrial Technology Systems on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/4/2020

Partner

United Kingdom

News  >  ITS’ Cognex Partnership Agreement is Extended to Cover Deep Learning.

The 16-year partnership agreement between Industrial Technology Systems Ltd and Cognex has been extended to cover Cognex 's Deep Learning technology suite .

2

8/19/2020

Vendor

United States

Cognex Looks to Medallia to Uncover Customer Sentiment and Deliver Exceptional Experiences

SAN FRANCISCO -- -- Medallia , Inc. , the global leader in experience management , today announced that Cognex Corporation , the world 's leading provider of vision systems , software , sensors and industrial barcode readers used for manufacturing automation , has selected Medallia , Inc. Experience Cloud to gain deeper insights into customer experience and sentiment .

1

11/22/2019

Partner

France, and Spain

Adfirmia Multibox - Arjo Solutions ADFIRMIATM, A DIGITAL FINGERPRINT SOLUTION TACKLING PHARMACEUTICAL COUNTERFEITING AND THE PARALLEL TRADE.

Arjo Solutions Partners Cognex And Germark To Bring The Pharmaceutical Industry The Manufacturing Systems It Needs .

1

12/11/2017

Partner

United States

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10

2/12/2016

Partner

United States

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10

Date

9/4/2020

8/19/2020

11/22/2019

12/11/2017

2/12/2016

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Country

United Kingdom

United States

France, and Spain

United States

United States

News Snippet

News  >  ITS’ Cognex Partnership Agreement is Extended to Cover Deep Learning.

The 16-year partnership agreement between Industrial Technology Systems Ltd and Cognex has been extended to cover Cognex 's Deep Learning technology suite .

Cognex Looks to Medallia to Uncover Customer Sentiment and Deliver Exceptional Experiences

SAN FRANCISCO -- -- Medallia , Inc. , the global leader in experience management , today announced that Cognex Corporation , the world 's leading provider of vision systems , software , sensors and industrial barcode readers used for manufacturing automation , has selected Medallia , Inc. Experience Cloud to gain deeper insights into customer experience and sentiment .

Adfirmia Multibox - Arjo Solutions ADFIRMIATM, A DIGITAL FINGERPRINT SOLUTION TACKLING PHARMACEUTICAL COUNTERFEITING AND THE PARALLEL TRADE.

Arjo Solutions Partners Cognex And Germark To Bring The Pharmaceutical Industry The Manufacturing Systems It Needs .

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Sources

2

1

1

10

10

Cognex Corporation Team

8 Team Members

Cognex Corporation has 8 team members, including current Chief Executive Officer, President, Robert Willett.

Name

Work History

Title

Status

Robert Willett

Chief Executive Officer, President

Current

Morin A Richard

Chief Financial Officer

Current

Robert J. Metzger

Executive Vice President

Current

Patrick Alias

Senior Vice President

Current

Marilyn Matz

Founder

Former

Name

Robert Willett

Morin A Richard

Robert J. Metzger

Patrick Alias

Marilyn Matz

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

Executive Vice President

Senior Vice President

Founder

Status

Current

Current

Current

Current

Former

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