Global automated
optical inspection system (AOI) market is expected to grow at a
significant CAGR of 15% in the upcoming period as the scope and its
applications are rising enormously across the globe. An automated optical
inspection system (AOI) is a technique used to test electronic printed circuit
boards (PCBs), or transistors and in the manufacturing process. It allows
accurate inspection of electronic assemblies and PCBs to confirm the quality of
the product.
The factors that are playing a major role in
the growth of automated optical inspection system (AOI) market are a production
of electronics in the automotive sector, miniaturization of PCBs, and rising
demand for consumer electronics. However, false call rate of image-based AOI
may restrain overall market in the years to come. The market is segmented based
on type, technology, element, application, and region.
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3D AOI Systems and 2D AOI Systems are
the types that could be explored in an automated optical inspection system
(AOI) in the forecast period. The 2D AOI system accounted for the substantial
market share of the automated optical inspection system (AOI) and is estimated
to lead the overall market in the years to come. It is cost-effective and has
the ability to inspect color, surface mount technology, and high speed. In
addition, 3D AOI system is estimated to grow at highest CAGR in the years to
come.
Offline AOI and inline AOI systems are
the enhanced technology used that could be explored in an automated optical
inspection system (AOI) in the forecast period. Based on elements, computer,
camera, software, lighting, and other systems could classify automated optical
inspection system (AOI) in the forecast period.
The market may be categorized based on
applications like energy & power, aerospace & defense,
telecommunication, automotive, medical devices, consumer electronics,
industrial electronics, and others could be explored in the forecast period.
The automotive sector accounted for the substantial market share of the
automated optical inspection system (AOI) and is estimated to continue its
dominance in the years to come. The reason could be high demand for enhanced
electronics components like airbags, advanced driver assistance system (ADAS),
and braking systems. Medical devices and consumer electronics follow the suit.
Globally, Asia Pacific accounted for
the substantial market share of the automated optical inspection system (AOI)
and is estimated to lead the overall market in the years to come. The reason
behind the overall market growth could be the availability of low-cost labor,
low production cost, and business-friendly surrounding. The developing
countries like India and China are the major consumers of the automated optical
inspection system (AOI) in this region.
Europe and North America are also
estimated to have a positive influence on future growth. North America is the
second largest region with significant market share. The aspects that may be
ascribed to the growth comprise the presence of developed electronics
infrastructure and acceptance of enhanced technology by the populace. However,
Europe is estimated to grow at the highest CAGR in the forecast period.
The key players of automated optical
inspection system (AOI) market are Viscom AG, Omron Corporation, Koh Young
Technology Inc., Orbotech Ltd., and Nordson Corporation. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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