Market Highlights:
The global automated optical inspection system market is
projected to witness a rapid growth during the forecast period owing to
increasing demand for miniaturization of printed circuit boards across various
industry verticals. Moreover, increasing transformations in the internet of
things and growing demand for highly efficient AOI systems is one major factor
driving the market growth.
The global automated optical inspection system market by
geography is segmented into North America, Europe, Asia Pacific, and the Rest
of the World. The Asia Pacific market is expected to witness significant growth
and hold the largest share of the global market during the forecast period. Major
economies in the region – China, Japan, and Taiwan are anticipated to drive the
growth of the automated optical inspection system market in Asia Pacific region
owing to the presence of a large number of established key players such as Saki
Corporation, Daiichi Jitsugyo Co., Ltd., and Test Research Inc. among others in
this region. Due to sustainable and well-established economies in the region,
the market is likely to show immense growth in the coming future. Additionally,
the growth of the market is also attributed to increasing demand for
high-quality electronic components from various industry verticals such as
aerospace and defense and automotive. Major growth in demand for
miniaturization of PCBs is primarily driving the growth for highly efficient AOI
systems.
Global automated optical inspection system market is
projected to reach USD 1,188 million at a CAGR of over 17% by the end of the
forecast period 2017-2023.
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Key Players:
Some of the prominent players in the global automated
optical inspection system market are Camtek Ltd. (Israel), Nordson Corporation
(U.S.), Orbotech Ltd. (Israel), Saki Corporation (Japan), CyberOptics
Corporation (U.S.), Daiichi Jitsugyo Co., Ltd. (Japan), Test Research Inc.
(Taiwan), Viscom AG (Germany), AOI Systems (U.K), Goepel Electronic GmbH
(Germany), Machine Vision Products (U.S.), Mirtec Corporation (U.S.), and Vi
Technology (France) among others.
Automated Optical
Inspection System Market Segmentation:
The global automated
optical inspection system market is segmented on the basis of the
component, type, technology, and application. The application segment is
further segmented into aerospace & defense, automotive, consumer
electronics, industrial electronics, medical devices, telecommunication, and
others. By application, the automotive application is expected to grow at the
highest rate during the forecast period. The proliferation of electronics in
the automotive industry has resulted in the growth of the automated optical
inspection system market.
Some of the prominent players in the global automated
optical inspection system market: Camtek Ltd. (Israel), Nordson Corporation
(U.S.), Orbotech Ltd. (Israel), Saki Corporation (Japan), CyberOptics
Corporation (U.S.), Daiichi Jitsugyo Co., Ltd. (Japan), Test Research Inc.
(Taiwan), Viscom AG (Germany), AOI Systems (U.K), Goepel Electronic GmbH
(Germany), Machine Vision Products (U.S.), Mirtec Corporation (U.S.), and Vi
Technology (France) among others.
Market Research Analysis:
Asia Pacific is estimated to account for the largest share
of the market and is also projected to grow at the fastest rate during the
forecast period. The market in Asia Pacific is witnessing rapid growth due to
advancements in technology and rise in demand for high-quality electronic
components. The growth in Asia Pacific region is majorly dominated by the
countries such as China, Japan, and Taiwan. The economies of the countries in
this region are majorly dominated by the electronics industry. Also, the
availability of cost-effective manufacturing infrastructure and skilled labor
are the major factors responsible for driving the growth of automated optical
inspection market in the Asia Pacific region.
Regional Analysis:
The global automated optical inspection system market is
studied under Asia Pacific, North America, Europe, and Rest of the World. Asia
Pacific is estimated to account for the largest share of the market and is also
expected to grow at the fastest rate during the forecast period. The growth of
the market in Asia Pacific is attributed to advancements in the electronics
industry and increasing demand for high-quality electronic components across
different industry verticals. Also, growing demand for speed and accuracy of
inspection are other factors fueling the market growth.
Intended Audience
Technology Investors
Research/Consultancy Firms
Government Bodies
Consulting Service Providers
Component manufacturers
Original Equipment Manufacturers (OEMs)
Integrated circuit designers
Software and Services Providers
System Integrators
Semiconductor Product Designers and Fabricators
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