The Automated Optical Inspection market was valued at USD 598 million in 2020 and is expected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8%.
during the forecast period. The advantages of AOI over other inspection methods, the increasing demand for consumer electronics in times of pandemic, the increasing need for high speed miniature PCBs, the demand for higher productivity of Electronic product manufacturing service (EMS) companies and the growing demand for electronics in the automotive industry are contributing to the growth of the automated optical inspection market.
New York, Oct 07, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of “Automated Optical Inspection Market with COVID-19 Impact Analysis by Type, Technology, Industry, Application, AOI Items and region – Global Forecast until 2026 “- https://www.reportlinker.com/p05678796/?utm_source=GNW
The advent of SMART technology, the new applications of AOI systems outside of PCB inspection and the growing demand for AOI systems for the inspection of IC substrates provide a growth opportunity for market players.
On the basis of type, 3D AOI systems will account for a larger share in the period 2021-2026.
The 3D AOI System market is expected to be dominant and faster during the forecast period. Large-scale manufacturing units mainly use 3D AOI systems. 3D AOI systems have high operating costs and use complex programming codes to operate, but are more efficient and sensitive at detecting faults and faults than 2D AOI systems. 3D AOI systems can detect defects in PCB substrates as well as in the ball array (BGA), making them superior to 2D AOI systems. In addition, the ability to quickly inspect large component defects, the significant reduction in false call rates, and the ability to provide volumetric data of the components to be inspected make 3D AOI systems an ideal choice for service providers. manufacturing electronics (EMS) in the years to come.
Online AOI systems are expected to grow at a higher CAGR during the forecast period.
AOI online system is expected to be a larger and faster growing market during the forecast period.
Therefore, most of the large manufacturing companies install multiple in-line AOI systems in their production lines to speed up the inspection process. Several key manufacturers are innovating and developing AOI systems online.
For example, in March 2021, Viscom developed the new Heavy Flex handling solution. Heavy Flex handling options are available for Viscom’s S3016 ultra AOI system for in-line 3D optical inspection.
In addition, in June 2020, GOEPEL launched two new AOI systems. The 3D XE series of AOI platforms feature low acquisition costs while providing full 3D inspection functionality. The series consists of the Basic Line – 3D XE stand-alone system and the Advanced Line – 3D XE in-line system.
The consumer electronics industry accounted for the largest share of the automated optical inspection market during the forecast period
The consumer electronics segment is expected to hold the largest share of the AOI systems market during the forecast period. The miniaturization of electronic gadgets has further increased the complexity of internal circuits and components.
To efficiently inspect the complex circuit boards of small and compact consumer electronics devices, manufacturers are increasingly using advanced AOI systems to deliver high-quality products to customers. , and more complex wearables in architecture.
The increased complexity of these devices requires very advanced AOI systems for inspection. Additionally, with the increase in adoption of 3D inspection technology, AOI systems will play a vital role in maintaining the high quality standards of these complex consumer electronics devices.
In-depth interviews were conducted with General Managers (CEOs), Marketing Directors, other Innovation and Technology Directors, and executives from various key organizations operating in the Automated Optical Inspection market.
• By type of business: level 1 – 50%, level 2 – 30% and level 3 – 20%
• By designation: C-level executives – 45%, executives – 35% and others – 20%
• By region: North America – 30%, Europe – 25%, APAC – 35% and RoW – 10%
Koh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron (Japan), Camtek (Israel), Viscom (Germany), Saki Corporation (Japan), Nordson (United States), KLA ( United States), Cyberoptics (United States) and Goepel Electronics (Germany) are the major players in the automated optical inspection market. These leading players have strong product and service portfolios and a presence in both mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the Automated Optical Inspection market, with their company profiles, recent developments, and key market strategies.
Research coverage
The report defines, describes, and forecasts the Automated Optical Inspection market on the basis of application, type, technology, industry, and geography. It provides detailed information on factors such as drivers, restraints, opportunities, and challenges influencing the growth of Automated Optical Inspection Market.
It also analyzes competitive developments such as product launches, acquisitions, extensions, contracts, partnerships and developments made by major players to expand in the market.
Main advantages of purchasing the report
The report will assist the market leaders / new entrants in this market with information on the closest approximations to revenue figures for the global Automated Optical Inspection market and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the market pulse and provides them with insights into the major market drivers, restraints, challenges, and opportunities.
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