Automated Optical Inspection Market Size and Forecast (2024-2030)

Automated Optical Inspection Market Overview & Dynamics:

Automated optical inspection is a method for obtaining high-quality images of a printed circuit board in order to detect any defect or anomaly in the PCB component assembly using optics. The likelihood of errors in the manufacture and assembly of PCB parts has increased as a result of the high speed and large volume of manufacturing processes, and the fact that the size and complexity of PCBs has decreased as a result of part miniaturisation has boosted the automated optical inspection market.

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Over the projection period of 2024 to 2030, the rising demand for improved productivity by electronics manufacturing services (EMS) businesses has had a direct impact on the growth of the automated optical inspection market. The market is also prospering due to the rising demand for automated optical inspection systems in automotive electronics. The increased need for high-quality electronic components is also helping to propel the market forward. Furthermore, the growing demand for consumer electronics, as well as the high demand for high-quality and miniaturised items, is propelling the automated optical inspection market forward. Furthermore, the growing demand from the automotive industry is driving the demand for automated optical inspection and propelling the market forward.

However, the high installation cost of AOI systems, as well as the requirement of highly skilled personnel, are acting as major restraints on the growth of automated optical inspection in the forecasted period, whereas the easy availability of better inspection technology as a substitute, as well as a lack of awareness of recent technological innovations in the AOI ecosystem, have the potential to pose a threat to the automated optical inspection market growth in the future.

The automated optical inspection market is growing, thanks to an increase in the trend of automation in the manufacturing of electronic components such as circuit boards and sensors. Manufacturers are creating a number of PCB inspection equipment with 3D inline features that provide more efficient examination than 2D choices. Additionally, the increased adoption of the market is due to the increasing faults and time spent in manual PCB identification approaches. Technical developments in modern inspection methods, such as the use of high-resolution cameras and imaging systems, provide better defect detection outcomes than traditional human-involved techniques.

Automated Optical Inspection Market Segmentation:

By Type, 3D AOI System segment of automated optical inspection market was valued US$ xx Bn. in 2023 and is expected to reach at US$ xx Bn. by 2030 at a CAGR of 16.23% over forecast period. This is attributed to the 3D system's capability of providing volumetric height information of components on a printed circuit board. The laser technology used in 3D AOI systems allows for better detection of co-planarity flaws that are missed during 2D inspection. Furthermore, 3D AOI devices produce a high-resolution detailed image of the components on a printed circuit board, obviating the requirement for manual inspection. The usage of 3D AOI systems is likely to increase as a result of these considerations and ongoing advances.

Based on Technology, Inline AOI System segment held the largest automated optical inspection market share of 69% in 2023 and is expected to grow at the highest CAGR of 17.45% to reach US$ XX Bn. by 2030. This is due to the capacity of these systems to inspect a large number of manufactured printed circuit boards in a short amount of time. Each stage of the production line can benefit from an inline AOI system, which allows for a full examination of printed circuit board components for specifications and flaws. The inline device can scan both sides of printed circuit boards, decreasing the need for human intervention in board flipping.

Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launch, and product up gradation:

Geographically, Asia-Pacific Automated Optical Inspection Market dominated with a share of 47.10% in 2023 thanks to the presence of a major number of electronics and printed circuit board manufacturers across APAC. Furthermore, one of the primary factors that has compelled major electronics manufacturers to locate their manufacturing operations in this region is the low cost of labour. Furthermore, rising disposable income in countries such as China and India has raised demand for consumer electronics and vehicles, pushing the demand for high-quality electronic components and adding to the market's growth.

In recent years, major players in the Automated Optical Inspection Market have taken several strategic measures, such as facility expansions and partnerships.

• In Jan 2020: Koh Young collaborated worked with Custom Interconnect Ltd, and the latter business installed two Koh Young Zenith 2 3D Automatic Optical Inspection (AOI) systems. With its eight light projectors, the Koh Young system benefits from fully 3D light metrology, providing CIL with the most accurate measurement.

• In Jul 2020: Saki Corporation and Fuji America have singed a collaboration arrangement. Saki's 3D automated optical inspection (AOI) and 3D solder paste inspection (SPI) systems were to be integrated into Fuji's Smart Factory SMT line at its Vernon Hills, IL factory as part of the agreement. Saki's inspection and measurement technologies will be utilised to ensure that Fuji's printed circuit boards meet the highest quality and reliability standards.

The objective of the report is to present a comprehensive analysis of the Automated Optical Inspection Market to the stakeholders in the industry. The report provides trends that are most dominant in the Automated Optical Inspection Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Automated Optical Inspection Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Automated Optical Inspection Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in themarket.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Automated Optical Inspection Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Automated Optical Inspection Market is aided by legal factors.

Automated Optical Inspection Market Scope:

Major Players operating in the Global Automated Optical Inspection Market are:

• KOH YOUNG TECHNOLOGY
• TEST RESEARCH
• OMRON
• VISCOM
• AKI CORPORATION
• NORDSON
• KLA
• CAMTEK
• CYBEROPTICS
• GOEPEL ELECTRONIC
• MIRTEC
• MARANTZ ELECTRONICS
• MACHINE VISION PRODUCTS
• MYCRONIC AB (VI TECHNOLOGY)
• AOI SYSTEMS
• DCB AUTOMATION
• PEMTRON
• PARMI
• STRATUS VISION
• ASC INTERNATIONAL
• MANNCORP
• ASCEN TECHNOLOGY
• SCREEN PE SOLUTIONS
• AOI VISION PTE
• SEHO SYSTEMS