What's Driving the Automated Optical Inspection System Market Growth? AOI Corporation, Camtek, Chroma ATE Inc., CyberOptics, Koh Young Technology, Inc., Mycronic, Nordson Corporation, Omron Industrial Automation Europe, Orbotech

Speaking further on the significance of the automated optical inspection system market, electronic components are becoming smaller in size, making it difficult to perform accurate and fast checks manually. PCBs for different applications require hundreds of parts to be soldiered or mounted on them in a short period of time, needing AOI systems to inspect each and every part, either in pre-manufacturing stages or post-production. Many global industries are adopting fully-automated manufacturing processes for not only PCB production but also cars and consumer electronics. Subsequently, the AOI system industry will witness robust demand over the coming years.

To elaborate, Volkswagen recently announced that it would be construction its electric vehicle manufacturing facility near Shanghai, China, where fully-electric SUVs and other e-vehicles will be made. The company said the new facility will consist mainly of robots, around 1,400 of them, and will be operational by 2020. The expected 300,000 per year capacity of the factory represents extremely high.

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levels of automation that will be implemented and signifies a key application area for the automated optical inspection system market. Government rules and international standards regarding vehicle quality and safety have boosted the demand for advanced AOI systems, as they can match the complexity and speed of automated manufacturing.

Over the years, AOI systems have been optimized to collect data and provide feedback so that the manufacturing process can be improved, and any suitable adjustments are made. When used during the assembly or soldering process, AOI helps to inspect the quality of the product as it is being made, which considerably lowers the need for post-production inspections. The AOI system industry can benefit from the tremendous development in optical sensors and miniaturization of inspection cameras. The enormous opportunities for the implementation of AOI can be surmised from industry estimates which peg the global process automation segment to be valued at nearly USD 50.3 billion by 2020.

Rapid industrialization and increased demand for electronic components has propelled the automated optical inspection system market expansion, with rise in consumption of automotive and consumer electronics. AOI systems have gained immense momentum for fast and accurate inspection of electronics assembly lines to facilitate the production of only the highest quality PCBs and surface-mount devices. Constant innovations in smartphone technologies and automotive electronics has reinforced the need for lowering time and cost of production, necessitating the involvement of the AOI system industry. Estimated to have recorded earnings of more than US$500 million in 2017, the global automated optical inspection system market will experience an accelerated growth rate from augmented industrial automation.

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As more companies look towards AOI for ensuring a fast, reliable and cost-efficient quality control in manufacturing and process automation, the automated optical inspection system market is anticipated to register a 12% CAGR between 2018 and 2024. Viscom AG, Cyberoptics Corporation, AOI Systems, Nordson, ASC International, Omron Corporation and Kurtz Ersa, are some key players outlining the AOI industry dynamics. Compliance with evolving engineering standards and demand for higher quality of products will drive innovations in AOI technology.

Table of Contents (ToC) of the report:

Chapter 6. Automated Optical Inspection System Market, By Application
6.1. Key trends by application
6.2. Printing
6.2.1. Market estimates and forecasts by region, 2013 - 2024
6.3. Selective soldering
6.3.1. Market estimates and forecasts by region, 2013 - 2024
6.4. Reflow soldering
6.4.1. Market estimates and forecasts by region, 2013 - 2024
6.5. Wave soldering
6.5.1. Market estimates and forecasts by region, 2013 - 2024
6.6. Automation
6.6.1. Market estimates and forecasts by region, 2013 - 2024

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