DUBLIN--(BUSINESS WIRE)--The "Automated Optical Inspection System Market by Type (2D AOI Systems, 3D AOI Systems), Technology (Inline AOI, Offline AOI), Industry (Consumer Electronics, Telecommunications, Automotive, Medical Devices), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Key Highlights
- 3D AOI system providers to witness high growth potential during forecast period
- Market for Inline AOI to grow at higher CAGR during forecast period
- AOI system market for automotive expected to grow at the highest rate during the forecast period
- APAC to be the largest market for AOI systems during forecast period
The automated optical inspection (AOI) system market is estimated to grow from USD 444 million by 2018 to USD 1,641 million by 2024, at a CAGR of 24.3% during 2018-2024.
The key factors driving the growth of the market include the growing demand for consumer electronics, an increasing need for high-quality electronic components, and demand for higher productivity by electronics manufacturing services (EMS) companies. However, the high cost of AOI systems and the false call rate of image-based AOI systems are the key restraining factors for the market growth.
The market for 3D AOI systems is expected to grow at a higher CAGR from 2018 to 2024. 3D AOI has emerged as a viable technology for the detection of a variety of manufacturing defects. Increasing demand for high-quality products, the proliferation of electronics in the automotive industry, and computer-aided design (CAD) and computer-aided manufacturing (CAM) are the key growth drivers for the 3D AOI system market.
The main advantage of 3D AOI system is its ability to efficiently inspect height-sensitive devices and provide true volumetric measurement data as well. Moreover, their ability to overcome the limitations of conventional 2D inspection systems is one of the main factors contributing to the increasing demand for 3D inspection systems.
Market Dynamics
Drivers
- Growing Demand for Consumer Electronics
- Increasing Need for High-Quality Electronic Components
- Demand for Higher Productivity By Electronics Manufacturing Services (EMS) Companies
Restraints
- High Cost of AOI Systems
- False Call Rate of Image-Based AOI Systems
Opportunities
- Newer Applications for AOI Systems Apart From PCB Inspection
- Emergence of Smart Technology
Challenges
- Requirement for Constantly Upgrading Hardware and Software Systems to Handle Large Data Volumes
- Availability of Superior Substitute Technology for Inspection
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Elements of the AOI System
8 Automated Optical System Market, By Type
9 Automated Optical Inspection System Market, By Technology
10 Automated Optical Inspection System Market, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- AOI Systems
- Camtek
- Cyberoptics
- Daiichin Jitsugyo (DJK)
- Dcb Automation
- Goepel Electronic
- KOH Young
- Machine Vision Products
- Marantz Electronics
- Mirtec
- Nordson
- Omron
- Orbotech
- Parmi
- Pemtron
- Saki
- Stratus Vision
- Test Research Inc. (TRI)
- VI Technology
- Viscom
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