Report Scope & Overview:
Automated Optical Inspection Market Size was valued at USD 979 million in 2022, and expected to reach USD 3.81 billion by 2030, and grow at a CAGR of 18.5% over the forecast period 2023-2030.
Automatic optical inspection (AOI) systems are used for visual inspection on a printed circuit board that monitors the gadget with the help of an independent camera and for testing for both catastrophic failures and quality defects. These systems provide improved speed and accuracy. Automatic testing machines are faster and provide test compatibility. Automated testing systems use a variety of processes, for example, layout integration, design coordinating, and mathematical pattern matching, to provide an overview of whether a board is good or has any imperfections.
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MARKET DYNAMICS:
KEY DRIVERS:
Increasing need for electronics in the automobile industry.
Increasing need for fast, small PCBs.
Aoi's advantages over conventional inspection techniques.
RESTRAINTS:
Demand for highly qualified individuals.
False call rate of AOI systems based on images.
OPPORTUNITIES:
Expanding demand for AOI systems for IC substrate inspection.
Introduction of SMART technology.
CHALLENGES:
Availability of replacement improved inspection technologies.
Complex hardware and software systems are needed in order to manage massive amounts of data.
IMPACT OF COVID-19:
COVID-19 has a huge impact on consumers and the economy. Production hubs were temporarily operated with low efficiency to accommodate the distribution of COVID-19. This has greatly affected the supply chain market by creating shortages of materials, commodities, and finished goods. The lack of business continuity has confirmed a significant negative impact on shareholder returns and revenue, which is expected to cause financial disruption in the automated optical inspection industry.
Based on Type, the Automated optical inspection market is segmented into 2D and 3D. The 3D AOI system market is expected to dominate and accelerate during forecasting. Larger production units mainly use 3D AOI systems. 3D AOI systems have high operating costs and use sophisticated program codes to work but are more efficient and more sensitive to defects and faults than 2D AOI systems. In comparison to 2D AOI systems, 3D AOI systems are superior because they can identify flaws on PCB substrates and ball grid arrays (BGA). In addition, the ability to quickly detect faults in long sections, a significant reduction in false call scales, and the ability to provide volume data for sub-test components make 3D AOI systems a good choice for electronic manufacturing services (EMS) providers in the years to come.
Based on Technology, the Automated optical inspection market is segmented into Inline, Offline. The inline AOI system is expected to become a large and rapidly growing market at the time of forecasting. For electronics manufacturers engaged in large volume production, inline AOI systems offer a high degree of PCB inspection. Therefore, many large manufacturing companies incorporate multiple inline AOI systems into their production lines to speed up the inspection process.
Based on Industry, the Automated optical inspection market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Energy & Power, Telecommunications, Medical Devices and Industrial Electronics.
The consumer electronics segment is expected to hold the largest market share of the AOI system at the time of forecasting. The internal circuitry and component complexity of electronic devices has grown even more complicated due to their miniaturization. To efficient inspection the complex PCB of small and compact consumer electronics and components, manufacturers are increasingly using advanced AOI systems to deliver high quality products to customers. The practice of having a single device with multiple functions has made modern electronic devices such as smartphones, laptops, and accessories extremely difficult to construct. The increasing complexity of these machines requires AOI systems to be highly developed to be inspected. In addition, with the increasing adoption of 3D test technology, AOI systems will play a key role in maintaining high quality standards for these complex consumer electronics devices.
MARKET SEGMENT:
BY TYPE
2D
3D
BY TECHNOLOGY
Inline
Offline
BY APPLICATION
Fabrication Phase
Assembly Phase
BY INDUSTRY
Consumer Electronics
Automotive
Aerospace & Defense
Energy & Power
Telecommunications
Medical Devices
Industrial Electroncis
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REGIONAL ANALYSIS:
Asia Pacific dominated the automated optical inspection. This is due to the presence of a large number of electronic and regional printed circuit board manufacturers. In addition, low labor costs have been one of the main factors forcing major electronics manufacturers to produce production works in the region. In addition, the increase in waste disposal has increased the demand for consumer electronics and automobiles in countries such as China and India, thus driving the demand for high-tech consumer goods and contributing to the growth of the market. North America holds its second largest market share due to rising innovation and technological advances in all manufacturing sectors in the region. The market in the region is also driven by the growing demand for small, medium, and fast electronic products and smartphones. The AOI market in Europe is expected to prove continued growth due to the significant presence of automobile manufacturers in the region. Manufacturers of automobiles in countries such as Germany and France have focused on developing automotive safety systems, which has contributed to the increasing demand for high-tech electronic components, thus increasing the demand for AOI systems in the region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The key players in the automated optical inspection market are Cyber Optics, GOPEL electronic, MIRTEC, OMRON Corporation, Test Research, Daiichi Jitsugyo, KOH YOUNG, Nordson Corporation, Saki Corporation, Viscom & Other Players.
Test Research-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 979 Mn |
| Market Size by 2030 | US$ 3.81 Bn |
| CAGR | CAGR of 18.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (2D, 3D) • By Technology (Inline, Offline) • By Application (Fabrication Phase, Assembly Phase) • By Industry (Consumer Electronics, Automotive, Aerospace & Defense, Energy & Power, Telecommunications, Medical Devices, Industrial Electronics) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Cyber Optics, GOPEL electronic, MIRTEC, OMRON Corporation, Test Research, Daiichi Jitsugyo, KOH YOUNG, Nordson Corporation, Saki Corporation and Viscom |
| Key Drivers | •Increasing need for electronics in the automobile industry. •Increasing need for fast, small PCBs. •Aoi's advantages over conventional inspection techniques. |
| Restraints | •Demand for highly qualified individuals. •False call rate of AOI systems based on images. |
The Automated Optical Inspection Market size was valued at USD 979 million in 2022 at a CAGR of 18.5%.
The market value is expected to reach USD 3.81 billion by 2030.
The market has been segmented with respect to type, technology, industry and application.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Automated Optical Inspection Market Segmentation, by Solution Type
8.1 Introduction
8.2 2D
8.3 3D
9. Automated Optical Inspection Market Segmentation, by Equipment Technology
9.1Introduction
9.2 Inline
9.3 Offline
10. Automated Optical Inspection Market Segmentation, by Application
10.1 Introduction
10.2 Fabrication Phase
10.3 Assembly Phase
11. Automated Optical Inspection Market Segmentation, by Industry
11.1 Introduction
11.2 Consumer Electronics
11.3 Automotive
11.4 Aerospace & Defense
11.5 Energy & Power
11.6 Telecommunications
11.7 Medical Devices
11.8 Industrial Electroncis
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 Saki Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cyber Optics
13.3 GOPEL electronic
13.4 MIRTEC
13.5 OMRON Corporation
13.6 Test Research
13.7 Daiichi Jitsugyo
13.8 KOH YOUNG
13.9 Nordson Corporation
13.10 Viscom
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15.Conclusion
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