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.

Regional Insights

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.

Leading Competitors

The leading prominent companies profiled in the global automated optical inspection market are:

CyberOptics Corporation
Daiichi Jitsugyo Asia Pte. Limited
GOEPEL electronic GmbH
KOH YOUNG TECHNOLOGY Incorporated
Mirtec Co., Limited
Nordson Corporation
Omron Corporation
Saki Corporation
Test Research, Incorporated
Viscom AG
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

2D
Inline AOI
Offline AOI
3D
Segmentation based on Application

Fabrication phase
Assembly phase
Segmentation based on Industry Vertical

Consumer Electronics
Telecommunications
Automotive
Medical Devices
Aerospace & Defense
Industrial
Energy & Power
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Global Automated Optical Inspection Market is valued approximately USD XX Million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

Automated optical inspection (AOI) systems are used for an automated visual inspection of printed circuit boards (PCB). These systems check devices through a camera that autonomously scans the PCB under test for both quality defects and catastrophic failure. AOI is highly adopted in the manufacturing process owing to its non-contact test method and it also boosts the speed and precision of the device. The growing need for miniature, high-speed printed circuit boards (PCB), increasing adoption of electronics in the automotive sector, rising benefits of AOI over other inspection methods are the chief factors that are surging the market demand across the globe. For instance, according to Statista, in 2017, the automotive industry generates a revenue of USD 5,315 billion worldwide and the amount is likely to grow and reach USD 8,931 billion by 2030. Accordingly, the growth of the automotive sector is fueling the demand for automated optical inspection (AOI), thus, in turn, accelerating the market growth in the near future. However, the dearth of highly skilled personnel and unavailability of sophisticated software and hardware systems to handle a large amount of data impedes the growth of the market over the forecast period of 2022-2028. Also, increasing demand for AOI systems for inspection of IC substrates and the advent of self-monitoring analysis and reporting technology (SMART) technology is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Automated Optical Inspection Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rise in high-volume manufacturing of PCBs and the growth of the automotive industry. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as availability of low-priced skilled labor, low production cost, as well as, rising demand for electronic products, would create lucrative growth prospects for the Automated Optical Inspection market across the Asia-Pacific region.

Major market players included in this report are:

Koh Young Technology, Inc.

Test Research, Inc. (TRI)

Omron Corporation

Camtek Ltd.

Viscom AG

Saki Corporation

Nordson Corporation

KLA Corporation

Cyberoptics Corporation

Goepel Electronics Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Elements offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Elements:

Camera System

Lighting System

Computer System

Software

By Type:

2D AOI System

3D AOI System

By Technology:

Inline AOI System

Offline AOI System

By Application:

Fabrication Phase

Assembly Phase

By Industry:

Consumer Electronics

Telecommunications

Automotive

Medical Devices

Aerospace & Defense

Industrial Electroncis

Energy & Power

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Automated Optical Inspection Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors