Automated Optical Inspection System Market 2021-2027
New Study Reports "Automated Optical Inspection System Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.
Market Overview
This report provides in depth study of “Automated Optical Inspection System Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automated Optical Inspection System Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The study objectives of Automated Optical Inspection System Market report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
Automated optical inspection system market is projected to reach USD 1,1888 million at a CAGR of over 17% by the end of the forecast period 2017-2026.
Automated optical inspection (AOI) systems inspect visuals of printed circuit boards (PCB) to gauge for quality defects or failure of functions. The systems utilize a number of techniques to increase the quality of products. The global automated optical inspection system market report by Market Research Future (MRFR) reveals valuable insights on the industry and its potential in the consumer electronics industry for the forecast period (2020-2027). The COVID-19 pandemic and its effects on the market are discussed in great detail.
Market Scope
The global automated optical inspection system market is expected to expand at 4.8% CAGR over the forecast period owing to the increased quality standards for printed circuit boards. Increased accuracy, reduction in errors, and low volume of customer claims are advantages of AOI systems. Increased automation in manufacturing is predicted to facilitate future market demand. Integration of new features such as wireless connectivity, Bluetooth, voice assistance, and touch screens can induce the demand for automated optical inspection systems. Stringent regulations laid down by the Institute of Printed Circuits (IPC) for maintaining quality of components and dimensional accuracy can bode well for the market.
The COVID-19 pandemic had negatively impacted the automated optical inspection system industry. The delays in production had caused a loss of revenue to the market with major semiconductor companies withholding payments. But advances in miniaturization of components and demand for electronics in the automotive sector can offer new growth opportunities after the passing of the pandemic. Moreover, high frequency of false call rates and complexities in programming can be major challenges of the market.
Key Players
The report has profiled some of the Important players prevalent in the global like – 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) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automated Optical Inspection System.
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Segmentation
By component, the market is divided into software and system. The system segment is further segmented into camera systems, lighting systems, and computer systems.
Based on type, the market is bifurcated into 2D AOI systems and 3D AOI systems. The former is expected to display a strong growth rate over the forecast period owing to heavy demand for high-quality electronic components. Developments in software interfaces and reduction in inspection cycle times can bode well for the segment.
By technology, the market is segmented into inline AOI systems and offline AOI systems.
Based on the application, the market is segmented into telecommunication, medical devices, aerospace & defense, automotive, consumer electronics, industrial electronics, and others. The automotive segment is likely to exhibit a strong growth rate during the forecast period in the automated optical inspection system market. This is credited to integration of consumer electronics in the automotive sector. On the other hand, the telecommunication application can be highly lucrative owing to companies planning to increase the capacity of routers, servers, and satellite systems.
Regional Analysis
North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) are regions considered for the global automated optical inspection system market.
APAC is estimated to dominate the market owing to emphasis on high quality standards, rapid implementation of latest technologies, and a strong infrastructure for production. The demand for AOI systems in aerospace and defense sectors can drive the regional growth. Presence of electronics manufacturers in China, Taiwan, and Japan coupled with a skilled laborforce can boost market demand.
North America followed APAC in terms of demand due to need for faster electronic products and smart devices. High disposable income levels of customers and a large market for customer electronics can induce demand for the automated optical inspection system market.
Industry News
Aurora Circuit, a prime manufacturer of PCBs in the U.S., has acquired the Galaxy automated optical inspection machine for detecting undersized and oversized defects and contaminations.
Key Stakeholders
Automated Optical Inspection System Market Manufacturers
Automated Optical Inspection System Market Distributors/Traders/Wholesalers
Automated Optical Inspection System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Important Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Automated Optical Inspection System Market, By Component
6 Global Automated Optical Inspection System Market, by Technology
7 Global Automated Optical Inspection System Market, by Application
8 Global Automated Optical Inspection System Market, By Industry
9 Global Automated Optical Inspection System Market, By Region
10 Competitive Landscape
And more
Continued...
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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