Computer vision has become the most ubiquitous technology widely used across industries. It’s hard to come up with an industry that isn’t leveraging the ability of machines/computers to understand, analyze, and respond to what’s going on in the surrounding. The covid-19 pandemic will undoubtedly give even more momentum to computer vision stocks, delivering greater automation and more accuracy to the industries. Critics also predict the emergence of more use cases for computer vision applications across various fields as the next evolutionary leaps in AI development.
However, the rapid increase in computer vision technology solutions also offers an excellent opportunity for investors to make fortunes by investing in the best computer vision stocks. Today, hundreds of technology companies are publically listed, offering tempting investment opportunities to investors who understand the potential of technology in the future. Nonetheless, here in this blog, we have come up with the top 3 publically listed companies offering computer-vision solutions to help you make the right investment.
However, first, let’s have a brief introduction to the technology.
The Introduction and evolution of Computer Vision
Computer vision (CV) is a subfield of artificial intelligence (AI). The technology is concerned with the development ability of machines/computers to read, analyze, and process digital content (images, text, videos, etc.). The ultimate objective of computer vision is to imitate human vision for machines/computers, enabling them to perform multifaceted visual errands more efficiently and faster than humans.
Historically, computer vision started with lots of manual coding. However, with the evolution of machine learning, developers could write codes for small computer vision applications using statistical learning algorithms. These codes enable machines to undertake small computer vision applications like pattern recognition. Today, with the exponential growth of artificial intelligence, many machine learning algorithms are replaced by deep learning models, which depend on neural networks to change patterns into mathematical equations.
The first computer vision software was launched back in the 1970s, and from there on, the technology has significantly evolved to transform entire industries. Today, computer vision systems like in diagnostic radiology have achieved 99% accuracy, surpassing human performance.
Some of the key drivers behind the explosive growth in computer vision applications include;
- Penetration of internet and mobile devices that allow users to share billions of images daily
- New powerful hardware
- Easy availability of inexpensive computing power to handle large data sets
- Evolution of deep learning algorithms
With the rapid deployment of 5G technology, there is a high chance of computer vision taking various other industries by storm, increasing the demands for computer vision technology solutions and components.
Now, purely from a business point of view, in 2019, the computer vision market was valued at over USD 13 billion. According to a report by VerifiedMarketResearch, it is expected that the market value for computer vision will grow at a CAGR of nearly 8% to reach USD 24 billion by 2027. So, if you are interested in earning some big bucks out of the stocks, below are the top 3 computer vision stocks you may consider investing in;
1. Ambarella, Inc. (AMBA)
Founded in 2004, Ambarella Inc. is a Santa Clara, California-based tech solution provider known for its semi-conductor solutions for video processing that assists in capturing, analyzing, sharing, and display of high-definition videos worldwide.
Ambarella Inc. proprietary system-on-a-chip design integrated the entire function of HD video processing, system functions, computer vision technology, audio processing, and other processes onto a single chip, delivers an innovative low power-consumption solution for the creation of video content for wearable cameras, virtual reality cameras, AI drones, automotive cameras, and IP security cameras for home security and monitoring purposes in residential and professional use.
2. Cognex Corporation (CGNX)
Cognex Corporation (CGNX) is a Natick, Massachusetts-based corporation founded in 1981. The company offers machine vision products for the manufacturing and distribution industries to improve operational efficiency by automating business processes.
The machine vision products from CGNX help automate manufacturing operations and track discrete items, including automobile tires, smartphones, aspirin bottles, and others, by locating, inspecting, and measuring the items by monitoring them throughout the manufacturing and distribution process.
VisionPro is the proprietary software suite from CGNX, which brings in various tools for advanced machine vision programming. The interactive graphics-based interface offered by CGNX deep learning vision software enables end-users to develop custom machine vision applications quickly in a flow-chart and graphical-based programming environment.
Apart from its software suite, CGNX also offers discrete machine vision products, including image-based barcode readers, machine-vision enabled mobile terminals, barcode verifiers, and others for industrial applications.
3. CyberOptics Corporation (CYBE)
CyberOptics Corporation (CYBE) is a Minneapolis, Minnesota-based manufacturer of high-precision sensing technology solutions. Founded in 1984, the company is one of the leading suppliers of precision sensors used in metrology, surface mount technology, and semi-conductor markets to enhance productivity and yields. The company also manufactures strobe inspection modules used in 2D automated optical inspection systems.
CYBE mainly sells its products to manufacturers of SMT electronic assembly circuit boards, semi-conductor manufacturers, end-users, and outsourced semi-conductor assembling companies.
Well, these are just a few of the various computer vision trading companies that have been doing exceptionally well in stocks. With the rapid advancement of the technologies like emotion AI, embedded vision, mixed reality, edge computing, and others, there are endless possibilities for computer vision technology. So, keep a close check on the technology companies, and you will surely make fortunes on your stock investments.