Automated Optical Inspection System Market by Type (2D AOI Systems, 3D AOI Systems), Technology, Element, Application (Consumer Electronics, Telecommunication, Automotive, Medical Devices), and Geography - Global Forecast to 2022
“Automated optical inspection system market to exhibit high growth potential during the forecast period”
The automated optical inspection (AOI) system market is expected to grow at a CAGR of 17.1% between 2016 and 2022 to reach USD 1,008.8 million by 2022. The key driving factors for the growth of the AOI systems market are rising demand for high-quality electronic components, growing industry trends for smart manufacturing, and high demand for electronic products.
“2D AOI systems market accounted for a major share of the overall AOI system market”
2D AOI systems expected to account for a major share in 2016 of the overall AOI system market. The 2D AOI system is cost-effective and flexible inspection technology. Additionally, the ease of programming and technological advancements has enabled 2D AOI systems to become widespread in the market.
“Consumer electronics to account for the largest market share in the overall AOI system market”
The consumer electronics application expected to account for the largest market share of the overall AOI system market in 2016. The major factors driving the market are the increasing complexity of consumer electronic devices with highly sophisticated electronic components. The small size of these components and the reduction in the size of PCBs need the efficient inspection, which has given a boost to the highly efficient AOI system market.
“North America to be the fastest-growing market for AOI systems during the forecast period”
High demand for electronics equipment from industries such as consumer electronics, medical devices, aerospace & defense, and automotive is the main driving force behind the growth of North America. The advancements in PCB technologies need faster inspection of miniature components which is expected to drive the growth of the AOI system market in North America.
Break-up of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
By Designation: C–Level Executives – 65%, Directors– 20%, and Others – 15%
By Region: North America - 25%, Europe – 20%, APAC – 40%, and RoW – 15%
The key players in the market include Camtek Ltd. (Israel), Nordson Corporation (U.S.), Omron Corporation (Japan), Orbotech Ltd. (Israel), Saki Corporation (Japan), CyberOptics Corporation (U.S.), Daiichi Jitsugyo Co., Ltd. (Japan), Koh Young Technology Inc. (South Korea), 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).
Objectives of the Study:
To define, describe, and forecast the automated optical inspection system market segmented on the basis of type, application, and geography
To provide detailed information regarding the major factors influencing the growth of the AOI market (drivers, restraints, opportunities, and industry-specific challenges)
To provide a detailed overview of the value chain in the AOI system market and analyze the market trends with the Porter's five forces analysis
To forecast the market size, in terms of value, for various segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia-Pacific, and Rest of the World
Target Audience of the Report:
Associations, organizations, forums, and alliances
Original equipment manufacturers
Research organizations and consulting companies
Integrated circuit designers
Software and services providers
Semiconductor product designers and fabricators
Scope of the Report:
This research report categorizes the global AOI system market on the basis of type, application, and geography. Elements of and technologies used in the AOI systems are also described in the report
AOI System Market, by Type:
2D AOI Systems
3D AOI Systems
Technologies Used in the AOI Systems:
Inline AOI Systems
Offline AOI Systems
Elements of the AOI Systems:
AOI System Market, by Application:
Aerospace & Defense
Energy & Power
AOI System Market, by Geography:
Rest of the World (RoW)