Keyence Corporation
TSE-6861
Company Overview
Keyence Corporation, together with its subsidiaries, develops, manufactures, and sells factory automation solutions worldwide. The company offers photoelectric, fiber optic, laser, positioning, vision, and inductive proximity sensors, as well as network communication units used for presence/absence and part differentiation applications. It also provides measurement sensors, such as laser displacement and profiler, optical/laser micrometer, 3D interference measurement, spectral interference displacement, and contact displacement/LVDT sensors; and measurement systems, including optical comparators, 3D scanners, and CMM/laser trackers. In addition, the company offers safety products comprising safety laser scanners, light curtains, interlock switches, and controllers to protect operators from machine hazards; and pressure, flow, level, and temperature sensors for monitoring equipment processes. Further, it provides static eliminators/ionizers and electrostatic sensors which protect workers, machinery, and products from the damaging effects of electrostatic charge; vision systems and sensors, and barcode scanners to perform automatic inspection and part identification; and programmable logic controllers and other controls that are used for machine control applications. Additionally, the company offers laser marking systems/laser markers and industrial continuous inkjet printers; digital, 3D laser scanning, and fluorescence microscopes, as well as wide-area 3D measuring systems for industrial and life science applications; and handheld mobile computers. It serves customers in automotive/chassis assembly, metals/machining, FPD/glass, semiconductor/ICS, plastic/molding, food/pharmaceutical, steel, and other industries. Keyence Corporation was founded in 1972 and is headquartered in Osaka, Japan.
Name
Keyence Corporation
CEO
Yu Nakata
Website
www.keyence.com
Sector
Electronic Equipment, Instruments and Components
Year Founded
1972
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Bulls Say
Machine vision/sensors address secular issues like energy savings, product quality control, and labor shortages, thus will lead to stronger growth than other factory automation equipment.
Keyence would be increasingly resistant to downcycles through rigorous utilization of customer data to offer value-added solutions that lead to cost savings.
Increased applications of AI to machine vision technology would lead to continued double-digit growth rates for the next decade.
Bears Say
The machine vision and sensors market is fragmented and subject to threats of technology replication and pricing pressures over the long term.
Cognex's increasing market presence in newer areas like logistics, thus outgrowing Keyence over the long term.
Competitors will catch up in the high-growth market of vision sensors, thus weakening Keyence's pricing power.