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2021
Automated Optical Inspection Market

Automated Optical Inspection Market

by Type (2D, and 3D), Application (Fabrication Phase, and Assembly Phase), and Industry Vertical (Consumer Electronics, Telecommunications, Automotive, Medical Devices, Aerospace & Defense, Industrial, and Energy & Power): Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A14366
Pages: 230
Nov 2021 | 4681 Views
Author(s) : Ruchal H , Vineet K
Tables: 130
Charts: 55
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Automated Optical Inspection Market Outlook – 2030

The global automated optical inspection market size was valued at $0.57 billion in 2020, and is projected to reach $3.29 billion by 2030, registering a CAGR of 21.0% from 2021 to 2030. 

The introduction of COVID-19 pandemic has positively influenced the assembly phase segment.

Automated optical inspection (AOI) systems are utilized for visual assessment on a printed circuit board which checks a gadget with the assistance of an independent camera and tests for both the catastrophic failure and the quality deformities. These systems offer further improved speed and exactness. Automated optical inspection machines are speedy and furthermore offer inspection consistency. Automated optical inspection systems utilize various procedures, for instance, layout coordinating, design coordinating, and statistical pattern matching, to give an analysis of whether a board is good or has any imperfections. 

Automated-Optical-Inspection-Market-2021-2030

It is implemented through various stages of the manufacturing process which includes bare board inspections, SPI (solder paste inspections), pre reflows and post reflows among the other stages. Automatic optical inspection enables a fast and an accurate inspection of the electronics assembly and in particular printed circuit board ensuring the quality of a product coming out of production line is best and the item is correctly built without any manufacturing faults.

Increasing preference for top notch printed circuit boards utilized in the gadgets for the default free applications is one main consideration driving the growth of automated optical inspection market. Automated optical inspection systems also offer immense scope of advantages including reduced labor and work costs and increased throughput per machine. Moreover, increased inspection reporting precision and consistency and reduction in error are different advantages being presented by AOI systems.

Significant demand for consumer electronics is one of the prime reasons that drive growth of the automated optical inspection market. Further, automation of electronics manufacturing facilities accelerates growth of the automated optical inspection market. Moreover, emergence of surface mount technology are opportunistic for the market growth. Considering these factors, the automated optical inspection market is estimated to witness exponential growth in the future. 

Emergence of SMART technology is expected to offer lucrative growth opportunities for the market during the forecast period. However, sophisticated infrastructure required to handle large amount of data hampers the market growth. Moreover, some of the other factors attributing to the market growth are the increasing demand for automated optical inspection systems in automotive electronics, and miniaturization of printed circuit boards. Increasing complexity of the printed circuit boards makes manual inspection not a viable option which has led to the growth of the automated optical inspection market. 

Automated Optical Inspection Market
By Type

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3D segment is projected as one of the most lucrative segments.

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COVID-19 Impact Analysis

COVID-19 is having a large impact on both consumer and the economy. Manufacturing hubs have been temporarily working at low efficiency to contain the COVID-19 spread. This has majorly affected the supply chain of the market by creating shortage of materials, components, and finished goods. Lack of business continuity has ensured significant negative impact on shareholder returns and revenue, which are expected to create financial disruptions in the automated optical inspection industry. 

Segment Overview

The automated optical inspection market is segmented on the basis of type, application, industry vertical, and region. On the basis of type, the market is fragmented into 2D and 3D. Both 2D and 3D are further sub-segmented into inline AOI and offline AOI. The 2D segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. On the basis of application, the market is divided into fabrication phase and assembly phase. The fabrication phase segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. By industry vertical, the market is divided into consumer electronics, telecommunications, automotive, medical devices, aerospace & defense, industrial, and energy & power. The market share for the consumer electronics segment was highest in 2020, and the automotive segment is expected to grow at a high CAGR from 2021 to 2030.

Automated Optical Inspection Market
By Industry Vertical

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Consumer electronics segment is expected to secure leading position during forecast period.

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Top Impacting Factors

Significant factors that impact growth of the automated optical inspection market include significant demand for consumer electronics, automation of electronics manufacturing facilities, and emergence of surface mount technology. However, sophisticated infrastructure required to handle large amount of data hampers the market growth. On the contrary, emergence of SMART technology is expected to offer lucrative opportunities for the automated optical inspection market trends during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major automated optical inspection market players such as CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, KOH YOUNG TECHNOLOGY Inc., MIRTEC CO., LTD., Nordson Corporation, OMRON Corporation, Saki Corporation, Test Research, Inc., and Viscom AG are provided in this report.  These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

Automated Optical Inspection Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

North America would exhibit the highest CAGR of 23.6% during 2021-2030

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Key Benefits for Stakeholders

  • This study comprises analytical depiction of the automated optical inspection market growth along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall automated optical inspection market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current automated optical inspection market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the automated optical inspection market share of key vendors and market trends.

Automated Optical Inspection Market Report Highlights

Aspects Details
By Type
  • 2D
  • Inline AOI
  • Offline AOI
  • 3D
  • Inline AOI
  • Offline AOI
By Application
  • Fabrication Phase
  • Assembly Phase
By Industry Vertical
  • Consumer Electronics
  • Telecommunications
  • Automotive
  • Medical Devices
  • Aerospace & Defense
  • Industrial
  • Energy & Power
BY Region
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Market Players CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, KOH YOUNG TECHNOLOGY Inc., MIRTEC CO., LTD., Nordson Corporation, OMRON Corporation, Saki Corporation, Test Research, Inc., Viscom AG
 

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The automated optical inspection is a vital technology in today’s times. There is significant demand for high quality and compact electronic components and devices, which makes manual visual inspection of electronics infeasible. Moreover, automated optical inspection is time saving and deliver high results. It prevents any disastrous failures of electronic devices. With increasing digitalization and emergence of industry 4.0., there is exponential demand for electronic components and products globally. Hence, it is vital for manufacturers to assure the quality of products offer a spearheaded competition to its competitors.

Automated optical inspection (AOI) is utilized to detect an assortment of surface feature defects, including incorrect parts, open circuits, scratches, stains and short circuits, alongside erroneously positioned parts and just as missing parts in an instrument. AOI essentially functions as a programmed visual examination apparatus for countless items, for instance, agricultural harvests inspections, printed circuit boards (PCBs), product packaging labels, along with automobile parts inspections. Automated optical inspection is viewed as one of the furthermost reliable inspection processes for printed circuit sheets (PCBs) in a larger part of electronics goods manufacturing industries.

Key players profiled in the report include CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, KOH YOUNG TECHNOLOGY Inc., MIRTEC CO., LTD., Nordson Corporation, OMRON Corporation, Saki Corporation, Test Research, Inc., and Viscom AG.

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FREQUENTLY ASKED QUESTIONS?

A. The automated optical inspection market is estimated to grow at a CAGR of 21.0% from 2021 to 2030.

A. The automated optical inspection market is projected to reach $3.29 billion by 2030.

A. To get the latest version of sample report

A. Increasing demand for automated optical inspection systems in automotive electronics, and miniaturization of printed circuit boards

A. The key players profiled in the report include CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, Saki Corporation, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The automated optical inspection market is segmented on the basis of type, application, industry vertical, and region.

A. The key growth strategies of automated optical inspection market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

A. North America would exhibit the highest CAGR of 23.6% during 2021-2030.

A. Consumer Electronics segment will dominate the market by the end of 2030.

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