Automated Optical Inspection System Market is projected to reach USD 2,898.2 million by 2032, at a CAGR of 17.5% during the forecast period 2023-2032.

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

• Camtek Ltd.
• Orbotech Ltd.
• Nordson Corporation
• Saki Corporation
• Daiichi Jitsugyo Co., Ltd.
• CyberOptics Corporation
• Viscom AG
• Test Research Inc.
• AOI Systems
• Machine Vision Products
• Goepel Electronic GmbH
• Mirtec Corporation
• Vi Technology

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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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