Pricing
Pricing

What is the cost of an advanced vision system? 

The complexity of your vision project determines the price

At JLI vision we work primarily with projects, and since each project is different, it is impossible to put an exact price on a machine vision project without a thorough preliminary investigation.

The price is dependent on the complexity of the project, and the complexity depends on a wide range of factors. However, we know them so well that we would like to give you an indication of how complex your vision project is and what it will cost.

The cost will obviously depend on the hardware (cameras, lights, computer, etc) you need and the software. However, it is the engineering hours required to develop and implement a robust custom solution that take the biggest bite out of the budget.

It is factors like these that define the complexity of your project:

  • What needs to be inspected? What type of defects do you want find?
  • What is the size of the part? And the defects that need to be found?
  • Will the part be inspected from one or more sides?
  • What tolerance is acceptable?
  • What material is the part made of? What does the surface look like?
  • How fast does the part move on the production line?  
  • In what environment should the inspection take place?
  • What are the requirements for process documentation?
  • Etc.

We have created a test to give you a good indication of the complexity of your machine vision project and what it might cost. Try it below.

 

Pricing of standard vs. custom vision solutions

In general, there are two outcomes. Either your inspection task can be solved with a standard solution, or a custom solution needs to be developed.

  • The price of standard solutions often starts at around 30,000 euros.
  • Development tasks of medium complexity typically cost from 60,000 euros.
  • Complex development tasks start at around 100,000 euros.

The development of the first system will always be the most costly, and the price of subsequent installations of the same type will therefore also drop significantly. So if you need more systems, the price per unit will be lower.

Fixed price - no cure, no pay

At JLI vision, we provide fixed-price quotations, and to ensure we get the price right, we will often insist on a preliminary investigation before providing the final quotation.

The preliminary investigation does not delay the process or make it more expensive, as it involves tasks that we need to perform anyway to develop a system. It does, however, bring great benefits to both us and you.

You get full clarity on what the project will cost, so you can be sure that the budget will stick. In fact, based on the preliminary investigation, we can provide a fixed price and we gain enough insight into the problem to be solved that we can offer a "no cure, no pay" solution.

Should the system end up not meeting the User Requirements Specification (URS) that we have agreed on, you won't have to pay.

To learn more about our process and how we can help you, download our Machine Vision Project Checklist here. 

Download the machine vision project checklist

What is the ROI of a machine vision project?

Whether the price is too high or not is ultimately about what you can achieve with your investment, in other words, what your return on investment will be.

In general, a machine vision project can generate value in two ways: by optimizing resources used in the production process or by enhancing quality. 

When determining the return on investment (ROI), it is easier to quantify the cost savings rather than the value of improved quality, which can lead to satisfied customers who recommend the product to their network, ultimately resulting in more customers. 

However, it is important to consider the intangible value when deciding if a machine vision project is worth the investment.

Read more about how to calculate the ROI of your machine vision project.

Blog: How to calculate ROI on a machine vision project