Redding, California - July 5, 2024
Automated Optical Inspection Systems Market to be Worth $3.4 Billion by 2031
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
Meticulous Research®—leading global market research company, published a research 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 latest publication from Meticulous Research®, the automated optical inspection systems market is projected to reach $3.4 billion by 2031, at a CAGR of 19.5% from 2024–2031. The growth of the automated optical inspection systems market is driven by the growing demand for high-quality products with minimal defects and reliable functionality and the rising demand for 3D AOI solutions. However, the false call rate of image-based AOI systems restrains the growth of this market. Furthermore, the growing demand for AOI systems for inspection of IC substrates is expected to generate growth opportunities for the players operating in this market. However, the requirement of highly skilled personnel is a major challenge impacting market growth. Additionally, the growing integration of artificial intelligence and machine learning for defect detection is the latest trend in the market.
The automated optical inspection systems market is segmented by offering (software, hardware, and services [system installation support, maintenance & repairing services, and design & manufacturing services]), type (2D AOI systems and 3D AOI systems), deployment (in-line AOI and off-line AOI), end-use industry (electronics & semiconductors, aerospace & defense, healthcare, pharmaceutical, consumer goods, food & beverage, IT & telecommunications, automotive, energy & power, and other end-use industries), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.
Based on offering, the automated optical inspection systems market is segmented into software, hardware, and services. In 2024, the hardware segment is expected to account for the largest share of above 60.0% of the automated optical inspection systems market. The segment's large market share is attributed to the AOI hardware providing a high level of accuracy and consistency in defect detection and the increasing adoption of AOI hardware to inspect PCBs at a faster rate than manual inspection. AOI hardware systems allow for timely corrective actions, minimize waste and rework, and generate detailed reports and documentation of images and data logs that are used for traceability purposes.
However, the services segment is expected to register the highest CAGR during the forecast period. This segment's growth is attributed to the increasing adoption of AOI services for designed and manufactured AOI systems according to specific industry needs, the rising need for AOI services to detect minor defects with high accuracy, ensure consistent quality control, and help ensure compliance with industry standards and regulations by providing detailed inspection records and documentation.
Based on type, the automated optical inspection systems market is segmented into 2D AOI systems and 3D AOI systems. In 2024, the 2D AOI systems segment is expected to account for the larger share of above 55.0% of the automated optical inspection systems market. The segment's large market share is attributed to the increasing adoption of 2D AOI machines for high-resolution cameras and advanced image processing algorithms to detect tiny defects and the machines having user-friendly software interfaces that make it easy to set up and configure inspection parameters. 2D AOI systems help to classify defects based on severity or type, allowing manufacturers to prioritize and address critical issues promptly, providing real-time feedback to operators, and helping to trigger automatic actions such as rejecting faulty PCBs.
However, the 3D AOI systems segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of 3D AOI systems to reduce false call rates and to measure volumetric inspection data and their ability to measure height variations, which allows them to detect defects such as lifted leads, tombstoning, and other dimensional discrepancies. The growing adoption of 3D AOI systems for inspecting a wide range of products, such as intricate designs, complex geometries, and varying surface textures, and providing real-time feedback during the production process to minimize defects and optimize manufacturing quality also contributes to the segment’s high growth.
Based on deployment, the automated optical inspection systems market is segmented into in-line AOI and off-line AOI. In 2024, the in-line AOI segment is expected to account for the larger share of above 63.0% of the automated optical inspection systems market. The segment's large market share is attributed to the increasing use of in-line AOI for real-time detection to reduce the chances of producing a large batch of defective products before noticing an issue. The growing need for in-line AOI to detect defects early in the manufacturing process helps minimize rework and scrap, reducing overall production costs.
Also, this segment is expected to register the highest CAGR during the forecast period.
Based on end-use industry, the automated optical inspection systems market is segmented into electronics & semiconductors, aerospace & defense, healthcare, pharmaceutical, consumer goods, food & beverage, IT & telecommunications, automotive, energy & power, and other end-use industries. In 2024, the electronics & semiconductors segment is expected to account for the largest share of above 18.0% of the automated optical inspection systems market. The segment's large market share is attributed to AOI systems helping to inspect electronic components and semiconductor devices quickly and efficiently for high-volume production environments; the increasing adoption of AOI systems to detect defects such as soldering defects, misplaced components, and pin misalignment in electronic components and semiconductor devices.
However, the healthcare segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of AOI to detect defects such as cracks, scratches, contamination, and dimensional inaccuracies in healthcare products and AOI systems providing documented inspection results and traceability in complying with regulatory standards as healthcare products are subject to strict regulatory requirements. AOI systems provide consistent inspection results, reducing variability compared to manual inspection methods and helping deliver safe, reliable, and high-quality healthcare products to patients.
Based on geography, the automated optical inspection systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 45.0% of the automated optical inspection systems market. Asia-Pacific’s large market share can be attributed to the rise in demand for precise and defect-free manufactured products in the region, the increasing development of advanced cameras and software for 3D image inspection with AI-based automated systems, the growing miniaturization of printed circuit boards and electronic components in the manufacturing industry in Asia-Pacific; and the growing presence of electronics and semiconductor manufacturing plants in the region.
Also, this market is expected to register the highest CAGR of above 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).
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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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