[Click eStock] "Vieworks Benefits from Increased Demand for Battery Inspection"

[Asia Economy Reporter Ji Yeon-jin] Shinhan Financial Investment announced on the 13th that Vieworks is expected to benefit from the increasing demand for battery inspection equipment as interest in the safety of secondary battery batteries rises.

Jung Min-gu, a researcher at Shinhan Financial Investment, said, "Vieworks is diversifying its product lineup into inspection equipment for semiconductors, PCBs, and others based on its experience in supplying detectors and cameras for display inspection equipment," adding, "Sales growth is expected through expansion in the industrial inspection solutions sector."

The company, established in 1999 as a specialist in medical and industrial inspection solutions, entered the medical inspection market in earnest in 2001 with the launch of a medical X-ray detector. In 2008, it released a high-resolution industrial camera and is expanding into industrial X-ray detectors and industrial inspection software.

As of the third quarter of this year, the sales composition ratio is FP-DR (medical detector) 38.9%, industrial cameras 26.9%, video detectors (dental) 15.5%, and others 18.7%.

Researcher Jung said, "Steady growth in the medical detector division is expected due to increased demand for dental detectors from the recovery of downstream industries and solid sales of mid-to-low priced medical detectors," adding, "Vieworks' dental detectors have shown steady growth despite COVID-19 due to increased orders from downstream customers. Next year, sales of Vieworks' dental detectors are expected to increase in tandem with the rise in order quantities following regional expansion by its largest customer."

He continued, "Vieworks internalizes various inspection solutions such as industrial cameras, detectors, and inspection software. Vieworks has become capable of supplying inspection solutions including inspection equipment beyond simple camera modules and detector supply," and stated, "Vieworks' sales of industrial cameras and inspection solutions next year are expected to increase by 10.2% year-on-year to 58.4 billion KRW."