Press release
Global Automated Optical Inspection Market is expected to grow at a CAGR of 26.7% during the forecast period from 2019-2025

Global Automated Optical Inspection Market Growth, Global Automated Optical Inspection Market 2019,Automated Optical Inspection
Global Automated Optical Inspection Market by Type (2D AOI Systems and 3D AOI Systems), Technology (Inline AOI,Offline AOI), Industry (Consumer Electronics, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include Cyberoptics Corporation, Nordson Corporation, Kurtz Ersa, AOI Systems, Orbotech Manncorp and among others. The developing and developedeconomiesare providing greater prospects and major leaders in this region are focusing themselves on new product developments and venture capital investments to capturea high market share.For instance, Omron propelled the use of VT-S530 systems that provides full 3D AOI capability with high performance, excellent first pass yield, and zero escape and lowest false-rejection rate. VT-S530 also features Omron's color image processing technology to ensure the best inspection quality.
The type segment is classified into 2D AOI Systems and 3D AOI Systems. The 2D AOI Systems is dominating the automated optical inspection market and valued around USD 187.34 Million in 2017. The 2D AOI systems is playing an important role in structuring the market because of its improved and flexible inspection technology and cost efficiency. These systems are installed with ultra-resolution imaging systems, telecentric lenses, and lensing technology that illuminate the PCB areas which are to be inspected. Technology segment includes Inline AOI and Offline AOI. Inline AOI segment is growing with the highest CAGR of 31.1% over the forecast period. Industry segment is divided into segments such as consumer electronics, telecommunications, automotive, medical devices, aerospace & defense, industrial electronics, energy & power. Automotive segment is dominating the market with the highest share in 2017. This dominance is due to the rising demand for safety systems in vehicles such as antilock-braking systems (ABS), advanced driver assistance systems (ADAS), and others.
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The risingneed for consumer electronics appliances and electronic components is a major factor driving the market. Also, increased adoption for high-quality products encourages manufacturers to implement the technology.But cost associated with AOI Systems is too high whichmay hamper the growth of market. However, better and improved applications for AOI Systems apart from PCB Inspection may boost the market in coming years.
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