Automated Optical Inspection Market Expected to Reach $3.29 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “Automated optical inspection market by type, application, and industry vertical: global opportunity analysis and industry forecast, 2021–2030,” the global automated optical inspection market size was valued at $0.57 billion in 2020, and is projected to reach $3.29 billion by 2030, registering a CAGR of 21.0% from 2021 to 2030.

Automated optical inspection (AOI) is the computerized system for visual assessment on a printed circuit board (PCB) where an independent camera filters a gadget which is to be tried for both the cataclysmic failure and the quality deformities. It is most usually utilized for assembling processes as it is a test strategy which doesn't need any contact. It is executed through different phases of the assembling system which incorporates exposed board investigations, SPI (bind glue assessments), pre reflows and post reflows among different stages. Automated optical inspection empowers a quick and a precise assessment of the hardware gathering and specifically printed circuit board guaranteeing the quality of a product manufactured on the production line is ideal and the product is effectively produced with practically no assembling issues. Automated optical inspection systems apply various methods for fault identification in the printed circuit board. One of the strategies is layout coordinating with which looks at the picture of printed circuit board and the golden board. Another methods utilized are design coordinating and statistical pattern matching.

Significant factors that impact growth of the automated optical inspection market include significant demand for consumer electronics, automation of electronics manufacturing facilities, and emergence of surface mount technology. However, sophisticated infrastructure required to handle large amount of data hampers the market growth. On the contrary, emergence of SMART technology is expected to offer lucrative opportunities for the automated optical inspection market trends during the forecast period.

COVID-19 Impact Analysis

Emergence of coronavirus has become a disastrous issue worldwide. However, it has positively influenced the automated optical inspection industry. With the COVID-19 pandemic, the world had mostly shifted to working and adapting distantly in 2020. This change had consumers scrambling to get their hands on smartphones, PCs, screens, microphones, consoles, cameras, and even gadgets, such as, smart coffee makers and advanced foot massagers, which empower them to work anyplace they need and do as comfortably. Homes are bound to get more comfortable as people spending most time indoors has led to increased investments in technology upgrades. This has additionally prompted rising demand for innovative consumer electronics. Consequently, there is an upsurge in demand for automated optical inspection market growth during the pandemic.

Region wise, Asia-Pacific holds a significant share in the global automated optical inspection market. China dominates the market share in this region, owing to presence of several leading manufacturers in the region. Besides, increasing demand for consumer electronics have also contributed to the growth of automated optical inspection in the region.

Key Findings of The Study

• In 2020, the 3D segment accounted for maximum revenue and is projected to grow at a notable CAGR of 23.9% during the automated optical inspection market forecast period.
• The consumer electronics and automotive segments together accounted for more than 45.0% of the automated optical inspection market share in 2020.
• The assembly phase segment of the automated optical inspection market analysis is projected to grow at a CAGR of 25.0% during the forecast period.
• Asia-Pacific contributed major share in the automated optical inspection market, accounting for more than 45.0% share in 2020.

The key players profiled in the report include CyberOptics, Daiichi Jitsugyo Asia Pte. Ltd., GOPEL electronic GmbH, KOH YOUNG TECHNOLOGY Inc., MIRTEC CO., LTD., Nordson Corporation, OMRON Corporation, Saki Corporation, Test Research, Inc., and Viscom AG. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the automated optical inspection market.