Automated Optical Inspection System Market – Overview

Automated Optical Inspection System Market 2018 Global Industry Forecast To 2023 Report published by “MarketResearchFuture”. According to this report 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. The rise in the usage of printed circuit boards in a wide range of applications is expanding the market’s development scope. Market reports related with the semiconductors and electronics industry have been made accessible by Market Research Future which produces reports on other industry verticals that summarises the existing market developments.

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The cost of defects in end products is significantly lessened by the use of automated optical inspection systems, which is a key factor that is boosting the development of the market. Also, as automated optical inspection systems help to maintain inspection consistency, they are being increasingly demanded. The reduction in manpower and labor costs along with increased throughput per machine factors will play a central role in the development of the market in the upcoming forecast period.

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.

Key Players:

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.

Segmental Analysis

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.

The automated optical inspection system market is segmented on the basis of type, component, technology, and application. On the basis of component, the market is divided into system and software. The system segment is additionally segmented into lighting systems, camera systems, and computer systems. The segmentation on the basis of type, the market is divided into 3D AOI Systems and 2D AOI Systems. On the basis of technology, the market is segmented into Offline AOI Systems and Inline AOI Systems. While, on the basis of application, the market is segmented into automotive, medical devices, aerospace & defense, industrial electronics, consumer electronics, telecommunication, and others.

Industry Updates:

Nov 2018 ACDi, which is an Electronics contract manufacturing firm, recently made a statement that it has included three new pieces of equipment to their Maryland headquarters in the US. The company has purchased, installed and has implemented Optical Control’s SMD X-Ray Counting Machine, Zenith3D Automated Optical Inspection Machine and the Koh Young’s 3D Solder Paste Inspection Machine the company stated in a press release.

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Regional Analysis:

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.The automated optical inspection system market globally covers regions such as APAC, North America, Europe, and Rest of the World. The Asia Pacific region is expected to be responsible for the major portion of the market and is also anticipated to develop at the fastest pace through the forecast period. The development of the market in the Asia Pacific region is accredited to the progress in the electronics industry and growing demand for high-quality electronic components across diverse industry verticals. Likewise, the growing demand for speed and precision of inspection are other factors powering the market development.

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