The global automated optical inspection market revenue was US$ 0.69 billion in 2021. The global automated optical inspection market revenue is forecast to reach US$ 3.30 billion by 2030, growing at a compound annual growth rate (CAGR) of 21.3% during the forecast period from 2022 to 2030.
Automated optical inspection (AOI) systems assess printed circuit boards visually. An independent camera examines the gadget and looks for catastrophic failures and deformities. In addition, the systems provide even higher accuracy and speed. Automatic optical inspection machines offer fast and reliable inspection. In these systems, various methods, including layout coordinating, design coordinating, and statistical pattern matching, are used to evaluate whether a board has any imperfections. The manufacturing process includes bare board inspections, solder paste inspections, pre-reflow, and post reflow, among other steps.
Factors Influencing Market Growth
The factors contributing to the growth of the global automated optical inspection market are the growing demand for consumer electronics, the automation of electronics manufacturing facilities, and the emergence of surface mount technology.
Managing a large amount of data requires sophisticated infrastructure, which can have a negative impact on the global automated optical inspection market.
As smart technology becomes more prevalent during the forecast period, the automated optical inspection market trends are forecast to develop into lucrative opportunities.
Impact Analysis of COVID-19
The COVID-19 pandemic had declined the growth of the global automated optical inspection market. Due to government policies of social distancing, some companies faced short-term operational challenges. Due to this, hardware components, like sensors, were not readily available and adopted in many applications. There has been a significant impact on shareholder returns and revenues due to a lack of business continuity. There were severe disruptions in the global markets. Despite this, not all semiconductor companies are experiencing a decline in growth as remote working and work-from-home activities have enabled companies to continue operating during lockdowns.
The Asia Pacific region led the automated optical inspection market and is forecast to remain dominant during the forecast period. The reason is due to having many electronics and printed circuit board manufacturers in the area. In addition, the low cost of labor in the region has been a driving force for major electronics manufacturers to set up shop there. Rising disposable incomes have also contributed to the growth of this market, as the demand for consumer electronics and automobiles has increased in countries like China and India.
North America is forecast to grow during the forecast period. A rise in innovation and technological advancements is evident across all manufacturing sectors in the region. The growing demand for smaller, thinner, faster electronic products and smartphones drives the automated optical inspection market.
The leading prominent companies profiled in the global automated optical inspection market are:
Daiichi Jitsugyo Asia Pte. Limited
GOEPEL electronic GmbH
KOH YOUNG TECHNOLOGY Incorporated
Mirtec Co., Limited
Test Research, Incorporated
Other Prominent Players
Scope of the Report
The global automated optical inspection market segmentation focuses on Type, Application, Industry Vertical, and Region.
Segmentation based on Type
Segmentation based on Application
Segmentation based on Industry Vertical
Aerospace & Defense
Energy & Power
Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America