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Automated Optical Inspection System Market Share, Size, Growth & Industry Report, 2020-2027

04-08-2021 01:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the automated optical inspection system market look promising over the next six years. This is mainly due to the demand for higher productivity by electronics manufacturing services companies, rising demand for consumer electronics, increasing technological advancements, and the growing need for enhanced quality electronic components.

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Automated Optical Inspection System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting need for improved quality electronic components, the increasing execution of AOI systems in the automotive and electronic industries, and demand for higher efficiency by electronics manufacturing services companies are some of the drivers stimulating the growth of the global automated optical inspection (AOI) systems market. Also, factors including the surging demand for consumer electronics and the establishment of surface mount technology resulting in a decrease in size of the printed circuit board which will further boost the market growth. Furthermore, the rising standardizations and regulations for the expansion of well-equipped and safe machines to fulfil various industry-specific requirements and the introduction of smart technology are attracting enormous end-users towards the market. The continuous technological improvements in the system and its phenomenal advantages, such as a rise in the inspection speed, less strain, strengthened inspection accuracy, reduced strain, and better productivity, will support the market's growing demand. However, the factors responsible for restraining the global automated optical inspection system market are the huge installation cost of AOI systems and the need for highly skilled people.

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Type Segment Drivers

On the basis of type, the 3D AOI systems segment is expected to grow at a faster CAGR over the forecast period attributed to its capability to examine the detects more precisely compared to the 2D AOI systems coupled with precise measurement of the height dimension of devices on the PCB. The 3D AOI system offers a direct side-view image of ICs and other devices. Moreover, a considerable decrease in the fall of false call rates integrated with the characteristic feature to provide volumetric data of components under inspection results in a growth in the acquisition of 3D AOI systems across various industries is propelling the market growth of this segment.

Regional Drivers

Based on the regional coverage, North America is projected to dominate the market over the forecast period due to the expansion in the adoption of technologically advanced consumer electronics. Moreover, the accelerating disposable income and rising demand for the AOI system across several industries also contribute to market growth.

Automated Optical Inspection System Market Leading Manufacturers:

• CyberOptics
• Daiichi Jitsugyo Co., Ltd
• Test Research, Inc.
• Koh Young Technology Inc.
• Camtek
• Saki
• Nordson Corporation
• Omron Corporation
• Viscom

Automated Optical Inspection System Market Segmentation:

Segmentation by Type:
• 2D AOI Systems
• 3D AOI Systems

Segmentation by Technology:
• Offline AOI
• Inline AOI
o Screen Printing
o Pick & Place
o Reflow Soldering
o Wave/Selective Soldering

Segmentation by Industry:
• Telecommunications
• Medical Devices
• Consumer Electronics
• Automotive
• Industrial Electronics
• Aerospace & Defense
• Energy & Power

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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