Home » Automated Optical Inspection Systems Market to See $3.4 Billion by 2031

Technology

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

deeya

August 20, 2024

3 Views 2 comments

SaveSavedRemoved 0

Meticulous Research®, a leading market research firm, has released a new report entitled ‘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’.

The report projects that the automated optical inspection systems market will grow to $3.4 billion by 2031, with a CAGR of 19.5% from 2024 to 2031.

This growth is driven by increasing demands for high-quality products with minimal defects and the rising adoption of 3D AOI systems. Challenges such as high false call rates and the need for skilled personnel could impact growth. Nevertheless, the rising need for AOI systems in inspecting IC substrates offers potential growth opportunities. AI and ML for defect detection are noted as key trends in the market.

The market is segmented by offering—software, hardware, and services (system installation, maintenance, and design and manufacturing)—by type—2D AOI and 3D AOI systems—by deployment—in-line AOI and off-line AOI—and by end-use industry—electronics and semiconductors, aerospace and defense, healthcare, pharmaceutical, consumer goods, food and beverage, IT and telecommunications, automotive, energy and power, and other sectors. Additionally, the report includes regional and country-specific market analyses.

Hardware is expected to dominate the market with over 60.0% share in 2024, due to its accuracy and efficiency. The services segment is forecasted to experience the highest CAGR, driven by the increasing need for specialized and compliant AOI services.

In terms of type, 2D AOI systems are expected to hold a major share exceeding 55.0% in 2024, owing to their advanced imaging and ease of use. However, 3D AOI systems are projected to grow at the fastest rate, driven by their ability to measure height variations and detect complex defects.

In deployment, in-line AOI is anticipated to hold more than 63.0% of the market share in 2024, attributed to its real-time detection capabilities. This segment is also expected to show the highest growth rate.

For end-use industries, electronics and semiconductors are expected to capture a significant share of over 18.0% in 2024, while the healthcare sector is projected to experience the highest growth rate due to regulatory requirements and the need for reliable inspection.

Asia-Pacific is projected to lead with more than 45.0% of the market share in 2024, driven by the demand for high-quality products, technological advancements, and a strong presence of electronics and semiconductor manufacturing. This region is also forecasted to have 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?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research