Market Overview
Automated optical inspection (AOI) systems inspect visuals of printed circuit boards (PCB) to gauge for quality defects or failure of functions. The systems utilize a number of techniques to increase the quality of products. The Automated Optical Inspection System Market report by Market Research Future (MRFR) reveals valuable insights on the industry and its potential in the consumer electronics industry for the forecast period (2020-2027). The COVID-19 pandemic and its effects on the market are discussed in great detail.
Market Scope
The global automated optical inspection system market is expected to expand at 4.8% CAGR over the forecast period owing to the increased quality standards for printed circuit boards. Increased accuracy, reduction in errors, and low volume of customer claims are advantages of AOI systems. Increased automation in manufacturing is predicted to facilitate future market demand.
Integration of new features such as wireless connectivity, Bluetooth, voice assistance, and touch screens can induce the demand for automated optical inspection systems. Stringent regulations laid down by the Institute of Printed Circuits (IPC) for maintaining quality of components and dimensional accuracy can bode well for the market.
The COVID-19 pandemic had negatively impacted the automated optical inspection system industry. The delays in production had caused a loss of revenue to the market with major semiconductor companies withholding payments. But advances in miniaturization of components and demand for electronics in the automotive sector can offer new growth opportunities after the passing of the pandemic. Moreover, high frequency of false call rates and complexities in programming can be major challenges of the market.
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Segmentation
By component, the market is divided into software and system. The system segment is further segmented into camera systems, lighting systems, and computer systems.
Based on type, the market is bifurcated into 2D AOI systems and 3D AOI systems. The former is expected to display a strong growth rate over the forecast period owing to heavy demand for high-quality electronic components. Developments in software interfaces and reduction in inspection cycle times can bode well for the segment.
By technology, the market is segmented into inline AOI systems and offline AOI systems.
Based on the application, the market is segmented into telecommunication, medical devices, aerospace & defence, automotive, consumer electronics, industrial electronics, and others. The automotive segment is likely to exhibit a strong growth rate during the forecast period in the automated optical inspection system market. This is credited to integration of consumer electronics in the automotive sector. On the other hand, the telecommunication application can be highly lucrative owing to companies planning to increase the capacity of routers, servers, and satellite systems.
Regional Analysis
North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) are regions considered for the global automated optical inspection system market.
APAC is estimated to dominate the market owing to emphasis on high quality standards, rapid implementation of latest technologies, and a strong infrastructure for production. The demand for AOI systems in aerospace and defence sectors can drive the regional growth. Presence of electronics manufacturers in China, Taiwan, and Japan coupled with a skilled labour force can boost market demand.
North America followed APAC in terms of demand due to need for faster electronic products and smart devices. High disposable income levels of customers and a large market for customer electronics can induce demand for the automated optical inspection system market.
Competitive Landscape
Orbotech Ltd., Machine Vision Products, Test Research Inc., Goepel Electronic GmbH, CyberOptics Corporation, Mirtec Corporation, Saki Corporation, Viscom AG, Camtek Ltd., AOI Systems, Vi Technology, Daiichi Jitsugyo Co., Ltd., and Nordson Corporation are key players of the global automated optical inspection system market. Establishment of new plants and investments for modernization of equipment are major strategies of players to sustain their market position.
Industry News
Aurora Circuit, a prime manufacturer of PCBs in the U.S., has acquired the Galaxy automated optical inspection machine for detecting undersized and oversized defects and contaminations.
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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.
