Automated Optical Inspection Systems Market to Grow to $3.4 Billion by 2031


Posted August 20, 2024 by Deeya5220

Explore $3.4 billion Automated Optical Inspection Systems Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!
 
Meticulous Research®, a renowned global market research entity, has published a detailed report titled ‘Automated Optical Inspection Systems Market by Offering (Software, Hardware), Type (2D AOI, 3D AOI), Deployment (In-line AOI, Off-line AOI), End-use Industry (Electronics & Semiconductors, Healthcare), and Geography - Global Forecast to 2031’.

According to this report, the market for automated optical inspection systems is projected to reach $3.4 billion by 2031, with an impressive CAGR of 19.5% from 2024 to 2031.

This growth trajectory is attributed to the increasing demand for defect-free products and the rising adoption of 3D AOI systems. However, challenges such as high false call rates and the need for specialized personnel persist. On the flip side, the demand for AOI systems in IC substrate inspection is creating growth prospects. Furthermore, the integration of AI and ML for defect detection is emerging as a significant trend.

The market is divided by offering into software, hardware, and services (including system installation support, maintenance, and design and manufacturing services), by type into 2D AOI systems and 3D AOI systems, by deployment into in-line AOI and off-line AOI, and by end-use industry into electronics and semiconductors, aerospace and defense, healthcare, pharmaceutical, consumer goods, food and beverage, IT and telecommunications, automotive, energy and power, and other sectors. Regional and country-specific market analyses are also included.

In 2024, the hardware segment is expected to dominate with over 60.0% of the market share, driven by its precision in defect detection and efficiency in PCB inspection. The services segment is forecasted to grow at the highest CAGR due to increasing customization and compliance requirements.

In terms of type, 2D AOI systems are predicted to hold a substantial share exceeding 55.0% in 2024, owing to their advanced imaging and ease of use. Meanwhile, 3D AOI systems are set to experience the highest growth rate, driven by their ability to detect dimensional discrepancies and provide accurate defect measurements.
The in-line AOI segment is expected to account for more than 63.0% of the market in 2024, attributed to its real-time detection capabilities. This segment is also anticipated to see the highest growth rate.

For end-use industries, electronics and semiconductors are forecasted to dominate with over 18.0% of the market share in 2024, reflecting their critical role in high-volume production environments. The healthcare sector is expected to witness the highest CAGR due to regulatory demands and the need for reliable inspection.

Geographically, Asia-Pacific is projected to lead with over 45.0% of the market share in 2024, due to high demand for precision and defect-free products, advanced technologies, and a strong presence of electronics and semiconductor manufacturing. This region is also expected to achieve the highest CAGR of over 21.0% during the forecast period.

Key Players

The key players operating in the automated optical inspection systems market are Nordson Corporation (U.S.), OMRON Corporation (Japan), DAIICHI JITSUGYO ASIA PTE. LTD. (A Subsidiary of DAIICHI JITSUGYO CO., LTD.) (Singapore), GÖPEL electronic GmbH (Germany), Koh Young Technology Inc. (South Korea), Pemtron Co., Ltd. (South Korea), Camtek Ltd. (Israel), Mycronic AB (Sweden), KLA Corporation (U.S.), Machine Vision Products, Inc. (U.S.), Saki Corporation (Japan), Test Research, Inc. (Taiwan), Viscom SE (Germany), Mirtec Co., LTD (South Korea), and Mek Europe BV (Netherlands).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5952

Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of offering, type, deployment, and end-use industry?
• What is the historical market size for the automated optical inspection systems market?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the automated optical inspection systems market?
• Who are the major players in the automated optical inspection systems market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the automated optical inspection systems market?
• What are the different strategies adopted by major market players?
• What are the trends and high-growth countries?
• Who are the local emerging players in the automated optical inspection systems market, and how do they compete with other players?

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Issued By Meticulous research
Country United States
Categories Technology
Tags automated optical inspection systems market 2d aoi systems 3d aoi systems inline aoi offline aoi electronics and semiconductors healthcare aerospace a
Last Updated August 20, 2024