At 12% CAGR, AOI System Market is Expected to Reach $1 Billion by 2024

The rising government concerns and regulations to ensure the quality of electronic components and systems create several AOI systems market growth opportunities

Selbyville, United States - July 10, 2019 /MarketersMedia/ —

AOI System Market is expected to reach USD 1 billion by 2024. The technical advancements in optical inspection techniques including 3D inspection methods are driving the industry growth. The demand for these techniques is attributed to the benefits associated with them such as highly defined product images and larger inspection areas. The increased demand for printed circuit boards and surface-mount technology in all electronic devices and several automobile systems creates opportunities for AOI system development. Moreover, the trend of PCB miniaturization to be deployed across several automotive and electronic applications further accelerates the industry development.

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Speaking further on the significance of the AOI system market, electronic components are becoming smaller in size, making it difficult to perform accurate and fast checks manually. PCBs for different applications require hundreds of parts to be soldiered or mounted on them in a short period of time, needing AOI systems to inspect each and every part, either in pre-manufacturing stages or post-production. Many global industries are adopting fully-automated manufacturing processes for not only PCB production but also cars and consumer electronics. Subsequently, the AOI system industry will witness robust demand over the coming years.

The 3D type in the AOI system market is predicted to witness a high growth over the forecast timespan due to the increased inspection efficiency and better imaging benefits over the conventional 2D systems. They offer shorter debugging time and increased resolution of the defects on circuit boards. The 2D AOI system market covers a major revenue share due to the low prices and better integration with the production and assembly lines. Due to the low system costs, PCB manufacturers gain low initial investment benefits and comparatively lower maintenance costs, further increasing their demand.

Reflow soldering valued at nearly USD 110 million in 2017 in the automated optical inspection (AOI) system market is witnessing high demand from the SMT manufacturers, which is attributed to the detection of pre-reflow and post-reflow techniques. This includes the inspection of solder paste and joints in the PCBs and ensures fault detection at every stage. The systems ensure appropriate assembly of SMT with the help of AOI-based reflow soldering. Automotive components require miniaturized and high-quality PCBs with defect-free assemblies. As a result, the reflow soldering applications deploy these systems at pre-reflow and post-reflow stages to ensure high security of the PCB production lines thereby driving AOI system market.

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The North American AOI System Market is rapidly growing to reach a revenue share of around 30% by 2024, due to the high demand for developed automotive products. The U.S. AOI systems market is witnessing high penetration of several PCB and consumer electronics manufacturers. The increasing concerns for developing high quality and safe electronic components further add to the usage of the inspection machines. The demand is attributed to features of advanced systems such as three-dimensional images, quick fault detection, and analysis of the PCB production lines. Moreover, the growing demand for technically-advanced products in the U.S. due to the presence of awareness among the population accounts for the (AOI) automated optical inspection system market growth.

As more companies look towards AOI for ensuring a fast, reliable and cost-efficient quality control in manufacturing and process automation, the AOI system market is anticipated to register a 12% CAGR between 2018 and 2024. Viscom AG, Cyberoptics Corporation, AOI Systems, Nordson, ASC International, Omron Corporation and Kurtz Ersa, are some key players outlining the AOI industry dynamics. Compliance with evolving engineering standards and demand for higher quality of products will drive innovations in AOI technology.

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Table of Contents (ToC) of the report:

Chapter 4. AOI System Market, By Product
4.1. Key trends by product
4.2. Lighting
4.2.1. Market estimates and forecasts by region, 2013 – 2024
4.3. Imaging
4.3.1. Market estimates and forecasts by region, 2013 – 2024
4.4. Data storage
4.4.1. Market estimates and forecasts by region, 2013 – 2024
4.5. Printer
4.5.1. Market estimates and forecasts by region, 2013 – 2024
4.6. Rework
4.6.1. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. AOI System Market, By Type
5.1. Key trends by type
5.2. 2D AOI Systems
5.2.1. Market estimates and forecasts by region, 2013 – 2024
5.2.2. Inline AOI
5.2.2.1. Market estimates and forecasts by region, 2013 – 2024
5.2.3. Offline AOI
5.2.3.1. Market estimates and forecasts by region, 2013 – 2024
5.3. 3D AOI Systems
5.3.1. Market estimates and forecasts by region, 2013 – 2024
5.3.2. Inline AOI
5.3.2.1. Market estimates and forecasts by region, 2013 – 2024
5.3.3. Offline AOI
5.3.3.1. Market estimates and forecasts by region, 2013 – 2024

Chapter 6. AOI System Market, By Application
6.1. Key trends by application
6.2. Printing
6.2.1. Market estimates and forecasts by region, 2013 – 2024
6.3. Selective soldering
6.3.1. Market estimates and forecasts by region, 2013 – 2024
6.4. Reflow soldering
6.4.1. Market estimates and forecasts by region, 2013 – 2024
6.5. Wave soldering
6.5.1. Market estimates and forecasts by region, 2013 – 2024
6.6. Automation
6.6.1. Market estimates and forecasts by region, 2013 – 2024

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