Automated Optical Inspection System (AOI) Market Top Manufacturers, Competitive Analysis, and Growth Trends, 2023
The automated optical inspection system (AOI) market is expected to grow at a significant CAGR of 15% in the upcoming period. Factors that are playing a major role in the growth of the market include a production of electronics in the automotive sector and rising demand for consumer electronics.
Automated Optical Inspection System Industry(firmenpresse) - 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.
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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