Market Highlights
The global automated optical inspection system market is projected to witness a rapid growth during the forecast period owing to increasing demand for miniaturization of printed circuit boards across various industry verticals. Moreover, increasing transformations in the internet of things and growing demand for highly efficient AOI systems is one major factor driving the market growth.
The global automated optical inspection system market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to witness significant growth and hold the largest share of the global market during the forecast period.
Regional Analysis
Major economies in the region – China, Japan, and Taiwan are anticipated to drive the growth of the automated optical inspection system market in Asia Pacific region owing to the presence of a large number of established key players such as Saki Corporation, Daiichi Jitsugyo Co., Ltd., and Test Research Inc. among others in this region. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
Additionally, the growth of the market is also attributed to increasing demand for high-quality electronic components from various industry verticals such as aerospace and defense and automotive. Major growth in demand for miniaturization of PCBs is primarily driving the growth for highly efficient AOI systems.
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Global automated optical inspection system market is projected to reach USD 1,188 million at a CAGR of over 17% by the end of the forecast period 2020-2027.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Automated Optical Inspection System Market Research Report-Forecast to 2027”.
Automated Optical Inspection System Market Segmentation
The global automated optical inspection system market is segmented on the basis of the component, type, technology, and application. The application segment is further segmented into aerospace & defense, automotive, consumer electronics, industrial electronics, medical devices, telecommunication, and others. By application, the automotive application is expected to grow at the highest rate during the forecast period. The proliferation of electronics in the automotive industry has resulted in the growth of the automated optical inspection system market.
Some of the prominent players in the global automated optical inspection system market: Camtek Ltd. (Israel), Nordson Corporation (U.S.), Orbotech Ltd. (Israel), Saki Corporation (Japan), CyberOptics Corporation (U.S.), Daiichi Jitsugyo Co., Ltd. (Japan), Test Research Inc. (Taiwan), Viscom AG (Germany), AOI Systems (U.K), Goepel Electronic GmbH (Germany), Machine Vision Products (U.S.), Mirtec Corporation (U.S.), and Vi Technology (France) among others.
Market Research Analysis
Asia Pacific is estimated to account for the largest share of the market and is also projected to grow at the fastest rate during the forecast period. The market in Asia Pacific is witnessing rapid growth due to advancements in technology and rise in demand for high-quality electronic components. The growth in Asia Pacific region is majorly dominated by the countries such as China, Japan, and Taiwan. The economies of the countries in this region are majorly dominated by the electronics industry. Also, the availability of cost-effective manufacturing infrastructure and skilled labor are the major factors responsible for driving the growth of automated optical inspection market in the Asia Pacific region.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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The Automated Optical Inspection System market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the automated optical inspection system market includes AOI Systems Ltd., Camtek Ltd., Cyberoptics Corporation, Daiichi Jitsugyo Co., Ltd. (DJK), Goepel Electronic GmbH, Koh Young Technology Inc., Machine Vision Products Inc., Mirtec Co., Ltd., Nordson Corporation, Omron Corporation, Orbotech Ltd., Saki Corporation, Test Research Inc. (TRI) and Viscom AG.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automated Optical Inspection System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automated-optical-inspection-system-market/download-sampleMarket DynamicsThe growing demand for consumer electronics goods is primarily driving the market growth.
Whereas, new applications for AOI systems apart from PCB inspection along with the emergence of smart technology is expected to create potential opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Global Automated Optical Inspection System Market size was valued at US$ 434 Mn in 2019 and is expected to reach US$ 2512 Mn by 2026 to exhibit a CAGR of 24.54% during the forecast period.The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors.
Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments.
The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology:-Request Free Sample ReportAutomatic optical inspection is a key technique used in the production and check of electronic printed circuit boards.
Automatic optical inspection system allows fast and correct inspection of electronic assemblies and in specific printed circuit boards to confirm that the quality of product exit the manufacturing line is high and the items are built properly and without manufacturing faults.The market now demanding high volume, high feature products to be carried to market very rapidly reliable and fast methods are required to ensure that product quality remains high.
An automatic optical inspection system can be used to catch problems primarily in the production process.The major drivers of the automated optical inspection system are the rising demand for consumer electronics, the growing need for high-quality electronic components, growing automation in healthcare, the necessity for high-quality electronic components creates automated optical inspection system a requirement in the aerospace & defense industry and demand for higher production by electronics industrial services companies.The key restraint of the automated optical inspection system is the high cost of automated optical inspection systems and the wrong call ratio of image-based automated optical inspection systems.
