Automated Optical Inspection System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Automated Optical Inspection System Market Introduction
Automated optical inspection (AOI) is a leading technique used in manufacturing and testing electronics printed circuit boards (PCBs). An automated optical inspection system enables quick and precise inspection of electronics assemblies, particularly PCBs to ensure error-free and optimal quality products. Despite numerous advancements, modern circuits are more complicated than traditionally used boards.
The growing complexity in the modern PCBs has significantly reduced manual inspection of electronics assemblies, while paving way for the adoption automated optical inspection systems as a viable option. A root cause of such complexity is the reducing board-size that leads to numerous soldered joints and parts being fitted into a small space. Consequently, automated optical inspection systems are witnessing notable adoption, as they detect faults in the placement of such components, ensuring the quality of product is good. This growing adoption of automated optical inspection systems across diverse industries aided the market in reaching a value of roughly US$ 400 Million in 2018.
Automated Optical Inspection System Market – Notable Developments
Notable developments in the competitive landscape of automated optical inspection system market include:
Some of the most prominent competitors operating in the competitive landscape of global automated optical inspection system market include –
Automated Optical Inspection System Market Dynamics
Burgeoning Adoption of Smart Gadgets Bringing Traction to Automated Optical Inspection System Market
The growing trend of small and highly sophisticated electronic gadgets has prompted the consumer electronics manufacturing firms to incorporate novel technologies into devices. Consequently, companies are incorporating new technologies, such as tiny passive components, powerful and energy-efficient ICs, and sensors. The growing consumer preference for multifunctional devices has altered the architecture of modern electronics, further making electronic devices more complex. This increased complexity of devices has triggered the penetration of high tech automated optical inspection systems in manufacturing and production processes. Furthermore, with the growing adoption of 3D inspection technology, manufacturers are increasingly utilizing automated optical inspection systems for the key role of maintaining high-quality standards with complex consumer electronic devices.
Lack of Awareness & Presence of False Call Rates Impeding Adoption of Automated Optical Inspection Systems
Lack of awareness about smart inspection machines, such as automated optical inspection systems is a leading factor limiting the growth opportunities for stakeholders. Furthermore, the growing presence of false call rates once an automated optical inspection system is deployed, is also hindering the adoption of such systems. The increased false call rates hamper the coverage of component detection area, thereby hitting the production line efficiency badly. All automated optical inspection systems include a pre-defined detection area capacity and number of call rates. However, surge in these numbers thwarts the machine performance by providing incorrect inspection data. Several companies in the automated optical inspection system market are manufacturing efficient AOI machines and incorporation technologies, including computer-aided design and manufacturing to prevent incidence of false call rates.
Selective Soldering Applications of Automated Optical Inspection System Fueling Market Growth
In the global automated optical inspection system industry, selective soldering applications are witnessing significant popularity due to numerous benefits, such as low operational costs over traditional wave soldering substitutes. As selective soldering machines provide reliable solder joint detection, soldering process optimization, and prevent component overheating, their adoption is growing. Manufacturers are increasingly adopting these techniques to inspect soldering parts on dully and partly assembled PCBs
Developing Economies Dominate the Automated Optical Inspection System Market
The electronics sector across developing economies, such as APAC has become a world-class innovation-driven destination for production, owing to the low production cost, low-cost skilled labor, business-friendly environment, and increasing penetration of electronic devices across the region. China contributes significantly to the global electronic production, and is among the leading exporters of electronic products worldwide. The burgeoning electronics sector across APAC is contributing significantly to the pace of the automated optical inspection system market in this region.
Automated Optical Inspection System Market – Segmentation
Based on product the automated optical inspection system market is segmented into:
Based on type the automated optical inspection system market is segmented into:
Based on technology the automated optical inspection system market is segmented into:
Based on application the automated optical inspection system market is segmented into:
Based on industry the automated optical inspection system market is segmented into:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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