Growth opportunities in the automated optical inspection system market look promising over the next six years. This is mainly due to the demand for higher productivity by electronics manufacturing services companies, rising demand for consumer electronics, increasing technological advancements, and the growing need for enhanced quality electronic components.
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Automated Optical Inspection System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting need for improved quality electronic components, the increasing execution of AOI systems in the automotive and electronic industries, and demand for higher efficiency by electronics manufacturing services companies are some of the drivers stimulating the growth of the global automated optical inspection (AOI) systems market. Also, factors including the surging demand for consumer electronics and the establishment of surface mount technology resulting in a decrease in size of the printed circuit board which will further boost the market growth. Furthermore, the rising standardizations and regulations for the expansion of well-equipped and safe machines to fulfil various industry-specific requirements and the introduction of smart technology are attracting enormous end-users towards the market. The continuous technological improvements in the system and its phenomenal advantages, such as a rise in the inspection speed, less strain, strengthened inspection accuracy, reduced strain, and better productivity, will support the market’s growing demand. However, the factors responsible for restraining the global automated optical inspection system market are the huge installation cost of AOI systems and the need for highly skilled people.
Type Segment Drivers
On the basis of type, the 3D AOI systems segment is expected to grow at a faster CAGR over the forecast period attributed to its capability to examine the detects more precisely compared to the 2D AOI systems coupled with precise measurement of the height dimension of devices on the PCB. The 3D AOI system offers a direct side-view image of ICs and other devices. Moreover, a considerable decrease in the fall of false call rates integrated with the characteristic feature to provide volumetric data of components under inspection results in a growth in the acquisition of 3D AOI systems across various industries is propelling the market growth of this segment.
Regional Drivers
Based on the regional coverage, North America is projected to dominate the market over the forecast period due to the expansion in the adoption of technologically advanced consumer electronics. Moreover, the accelerating disposable income and rising demand for the AOI system across several industries also contribute to market growth.
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