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Market Analysis
The global automated optical inspection system market will touch USD 2,898.2 million at a 17.5% CAGR by 2030, in accordance with the latest Market Research Future report.
Key Players
Eminent players profiled in the automated optical inspection system market report include
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Drivers
Increasing Adoption in Auto Industry to Boost Market Growth
The increasing adoption of automated optical inspection system in the automobile industry will boost the market over the forecast period. The growing need for durable and high performing components for enhancing the safety in cars is fuelling market growth. Besides, with the advances of ABS and ADAS, autonomous and EVs have increased the need of the high-end electronics components within the auto sector.
Opportunities
Preference over Traditional Inspection Methods to offer Robust Opportunities
The preference of AOI systems over traditional inspection methods will offer lucrative opportunities for the automated optical inspection system market in the forecast period. These perks include manual inspection/x-ray inspection, it can inspect many components within a brief time, it is non-destructive and does not need the usage of hazardous materials or chemicals and can be integrated easily into the manufacturing procedure enabling for the real-time feedback & quality control.
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Restraints and Challenges
Availability of Alternatives to act as Market Restraint
The availability of alternatives, the need for highly skilled personnel, high cost of these systems, and complexity in operation & programming of such systems may act as market restraints over the forecast period.
The COVID-19 pandemic led towards a fall in the need for automated optical inspection systems from different end-use industries which impacted market growth.
Market Segmentation
The automated optical inspection system market is bifurcated based on end user, type, technology, and component.
By component, system will lead the market in the forecast period.
By technology, inline AOI will domineer the market in the forecast period.
By type, 2D AOI systems will spur the market in the forecast period.
By end user, automotive will spearhead the market in the forecast period.
Regional Analysis
APAC to Head Automated Optical Inspection System Market
The APAC will head the market over the forecast period. The region is a hub to several electronics & printed circuit board makers, the low cost of labour in the region, and the need for consumer electronics & autos. Besides, the need for autos and consumer electronics has increased in nations such as India and China for the increasing disposable income that is favouring market growth.
North America to Have Admirable Growth in Automated Optical Inspection System Market
North America will have admirable growth in the market over the forecast period for the technological advances, rising innovation, and growing need for smaller, faster and slimmer faster electronic products & smartphones.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
