Automated Optical Inspection System Market
The Automated Optical Inspection System Market is predicted to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of Automated Optical Inspection System Market includes growing demand for consumer electronics, increasing automation in the manufacturing sector and rapid expansion of automotive industry. According to the report published by Statista, the total revenue in the Consumer Electronics market is expected to be valued at USD 1,057.00 billion by the end of 2022 and projected reach 1,079.47 billion by 2023, exhibiting a CAGR of 1.84% over the forecast period (2022-2026), which will boost the Automated Optical Inspection System Market. Moreover, the reducing labor costs due to automation, increasing adoption of smart technology and technological advancements in the automated optical inspection systems, are some of the additional factors supplementing the Automated Optical Inspection System Market size. In addition, the Automated Optical Inspection Systems are easily adaptable, provides higher inspection speed as compared to humans and maintains the consistency in inspection.
However, the growth of Automated Optical Inspection System Market is hindered due to high cost of installation of Automated Optical Inspection Systems and insufficient availability of skilled workforce across the globe.
The major players operating in the market are Nordson Corporation, Test Research, Inc., Omron Corporation, Koh Young Technology Inc., Daiichi Jitsugyo Co., Ltd, Camtek, CyberOptics, KLA, Viscom, Saki among others.
Type: Segment Analysis
Based on type, the 3D AOI systems segment is projected to capture significant CAGR over the forecast period attributed to growing adoption of 3D AQI Systems in end-use industries such as consumer electronics and defense & aerospace.
Industry: Segment Analysis
Based on industry, the automotive segment is anticipated to expand a faster CAGR during the forecast period due to the growing demand for advanced driver assistance system and braking systems in the automotive industry.
Regional: Segment Analysis
As per the Automated Optical Inspection System Market Research, the North American region is expected to capture the largest market share over the forecast period. The increasing demand for faster electronic products, strong penetration of smartphones, high disposable incomes and improved living standards, are some of the important factors augmenting the growth of Automated Optical Inspection System Market in North America.
Market Segmentation
Global Automated Optical Inspection System Market by Type
· 2D AOI Systems
· 3D AOI Systems
Global Automated Optical Inspection System Market by Technology
· Offline AOI
· Inline AOI
· Screen Printing
· Pick & Place
· Reflow Soldering
· Wave/Selective Soldering
Global Automated Optical Inspection System Market by Industry
· Telecommunications
· Medical Devices
· Consumer Electronics
· Automotive
· Industrial Electronics
· Aerospace & Defense
· Energy & Power
Global Automated Optical Inspection System Market by Region
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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