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. According to Market Research Future Analysis, the global automated optical inspection system market is estimated to generate revenue of approximately USD 1,188 million by 2023 growing at a CAGR of 17% during the forecast period 2018-2023
Automated optical inspection (AOI) system market is estimated to exhibit high growth potential during the forecast period owing to increasing demand for high-quality electronic components across various industry verticals. Additionally, innovations and advancements in technology and growing market for AOI solutions is adding fuel to the growth of the automated optical inspection system market.
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Camtek Ltd., Nordson Corporation, Omron Corporation, Orbotech Ltd., and Saki Corporation are some of the leading players in the market. The automated optical inspection system market is also witnessing numerous partnerships and collaborations across the value chain in order to cater to increasing demands across various industries in different regions. Omron Corporation is a leading electronics manufacturer that sells a range of control equipment, automotive electronics, electronic components, social infrastructure, and healthcare solutions. The company is one of the leaders in the 2D AOI system market, offering innovative inspection solutions. The company majorly focusses on offering innovative solutions, keeping up with the fast pace of the technological advancements. The increasing push towards the miniaturization of printed circuit boards across different industry verticals is one major factor driving the growth of automated optical inspection system market.
The global automated optical inspection system market is segmented by component, type, technology, and application. The application segment is segmented into aerospace & defense, automotive, consumer electronics, industrial electronics, medical devices, telecommunication, and others. Smart manufacturing and advancements in medical electronics are majorly fuelling the growth of automated optical inspection system market. Also, the emergence of 5G technology in telecommunication sector is further influencing the market growth.
However, growing demand for BGA technology in printed circuit board manufacturing is limiting the use of AOI systems for inspection. This could be one major factor restraining the growth of automated optical inspection system market. Also, the false call rate of image-based AOI systems is another factor that could cause hindrance in the growth of global automated optical inspection system market. However, changes in regulations of electronics manufacturing processes and modifications in design parameters could pose a major challenge in the growth of automated optical inspection system market.
Some of the key players in the 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.
The global automated optical inspection system market is studied under Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is estimated to account for the largest share of the market and is also expected to grow at the fastest rate during the forecast period. The growth of the market in Asia Pacific is attributed to advancements in the electronics industry and increasing demand for high-quality electronic components across different industry verticals. Also, growing demand for speed and accuracy of inspection are other factors fueling the market growth.
Consulting Service Providers
Original Equipment Manufacturers (OEMs)
Integrated circuit designers
Software and Services Providers
Semiconductor Product Designers and Fabricators
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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 Markets Structure
LIST OF TABLES
Table 1 Global Automated Optical Inspection Technology Market: By Region, 2017-2023
Table 2 North America Automated Optical Inspection Technology Market: By Country, 2017-2023
Table 3 Europe Automated Optical Inspection Technology Market: By Country, 2017-2023
Table 4 Asia Pacific Automated Optical Inspection Technology Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Automated Optical Inspection Technology Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Automated Optical Inspection Technology Market
FIGURE 4 Value Chain Of Global Automated Optical Inspection Technology Market
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