PCB Inspection Equipment Market to See Huge Expansion by Revenue | Prominent Players are: Manncorp, HB Technology, Glenbrook Technologies, KohYoung Technology, OMRON, Nordson, Gardien, Bruker
With the rapid advancements in technology, electrical and mechanical faults can automatically be identified during the manufacturing of electronics components. For instances, in cars PCBs are highly responsible for LED lights, engines, mirror controls, displays, and entertainment systems. Such accessories demanded by customers further propels the demand for PCB inspection equipment.
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Factors such as increase in usage of automated PCB inspection in automotive & consumer electronics and rise in use of X-ray systems for inspections are the major key drivers for the market.
High installation and maintenance cost hamper the PCB inspection equipment market growth globally. Emergence of Industry 4.0 and advances in the manufacturing process of PCBs creates lucrative opportunities for the growth of the market.
Key players profiled in the PCB inspection equipment industry includes Vision Engineering, Manncorp, HB Technology, Glenbrook Technologies, KohYoung Technology, OMRON, Nordson, Gardien, Bruker, and Mirtec. These players adopted collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the PCB inspection equipment market and develop new products for enhancing product portfolio.
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The PCB inspection equipment market is segmented into three categories by product type, end use, and region.
Based on product type, the market is classified into automatic X-ray inspection, automatic optical inspection, and others. Based on end use, the market is categorized into automotive, consumer electronics, commercial, industrial, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
o This study includes the analytical depiction of the global PCB inspection equipment market share along with the current trends and future estimations to determine the imminent investment pockets.
o The report presents information regarding the key drivers, restraints, and opportunities.
o The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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