The global increasing demand for machine vision sensors and machine vision systems, or MVS, across different industries has led Cognex (CGNX) to expand its global footprint. Presently, the company spreads its operations across the Americas, Europe, and Asia with each of these regions contributing 28%, 26%, and 28% of the total revenue respectively. These MVSs serves the purpose of identifying, inspecting, and ensuring quality of products in the manufacturing and distribution process. Therefore, the MVSs represents a huge revenue generating opportunity for Cognex by serving the manufacturing, logistics, and distribution industry. In this article, you will gain understanding of how Cognex has brought about a change in its primary area of operation and what factors will drive its...
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