Automated Optical Inspection System Market Trends Global Industry Analysis, Product & Application, By End-Use, Share & Growth Forecast 2024
Market Study Report LLC has recently added a report on Automated Optical Inspection System Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies.
Delaware, Selbyville – June 20, 2019 /MarketersMedia/ —
In the AOI system market, printer products are expected to gain high popularity owing to the increasing defects and faults in the PCB components. The need to inspect prints on various PCBs to eliminate further deviations from the provided specifications is creating the demand for these products. Several companies have developed efficient printer-based AOI systems that are used to inspect the printing faults on PCBs, increasing the production line efficiency. For instance, Kurtz Ersa Corporation has introduced the Versaprint Series printer with integrated post-print AOI at the speed of the production line.
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Automated Optical Inspection (AOI) System Market is expected to reach USD 1 billion by 2024. The technical advancements in optical inspection techniques including 3D inspection methods are driving the industry growth. The demand for these techniques is attributed to the benefits associated with them such as highly defined product images and larger inspection areas. The increased demand for printed circuit boards and surface-mount technology in all electronic devices and several automobile systems creates opportunities for AOI system development. Moreover, the trend of PCB miniaturization to be deployed across several automotive and electronic applications further accelerates the industry development.
The 3D type in the AOI system market is predicted to witness a high growth over the forecast timespan due to the increased inspection efficiency and better imaging benefits over the conventional 2D systems. They offer shorter debugging time and increased resolution of the defects on circuit boards. The 2D AOI system market covers a major revenue share due to the low prices and better integration with the production and assembly lines. Due to the low system costs, PCB manufacturers gain low initial investment benefits and comparatively lower maintenance costs, further increasing their demand.
Consumer electronics segment is expected to grow substantially in the AOI system market over the coming years. The growth is attributed to high PCB requirements in the modern consumer electronic devices. The OEMs deploy these machines to inspect production line errors and eliminate them before the final assembly that results in increasing the manufacturing efficiency. Additionally, the automotive sector will also gain popularity due to the implementation of SMT in all major automotive electronics and related systems. To offer defect-free and high-quality automobile parts, component suppliers in the automotive industry deploy automated machines, generating the AOI system market demand.
Europe AOI system market has grown rapidly in recent years due to the presence of several leading automotive manufacturers. The countries including Germany and Switzerland identify high demands for the automotive electronics products to be deployed in the luxury and passenger vehicles. These reasons coupled with the increasing consumer spending capability on automated and efficient products further add to the industry growth.
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In the AOI system market, automation applications are predicted to grow steadily owing to the growing awareness and need for automated technologies across all industry verticals. AOI systems offer high speed and efficiency over the manual inspection methods in PCB manufacturing. Companies are deploying these machines to automate their production and assembly processes and eliminate human intervention. Moreover, the increasing number of manufacturing errors due to inefficient human inspection accounts for the consumption of these systems, contributing to the AOI system market growth.
The leading players in the AOI system market are Nordson Corporation, AOI Systems, Saki Corporation, CyberOptics Corporation, Viscom AG, Machine Vision Products, Omron Corporation, Kurtz Ersa, and Koh Young Technology. The key companies develop several innovations in the 3D inspection systems and offer efficient after-sales services to PCB manufacturers. They focus on supplying high-quality machines to the customers to eliminate maintenance costs and sustain the highly competitive AOI system market.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. AOI System Industry Insights
Chapter 4. AOI System Market, By Product
Chapter 5. AOI System Market, By Type
Chapter 6. AOI System Market, By Application
Chapter 7. AOI System Market, By End-use
Chapter 8. AOI System Market, By Region
Chapter 9. AOI System Market Company Profiles
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Related Report:
Automated Optical Inspection Systems Market Insights 2019, Global and Chinese Analysis and Forecast to 2024
Automated Optical Inspection Systems Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Automated Optical Inspection Systems industry with a focus on the Chinese market. The report provides key statistics on the market status of the Automated Optical Inspection Systems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Automated Optical Inspection Systems market covering all important parameters.
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