Global automated optical inspection (AOI) system market share is expected to proliferate at a commendable pace over 2018-2024, due to the rapid advancements of optical inspection techniques such as 3D inspection methods.
Optical inspection techniques offer myriad usage benefits such as the delivery of highly-defined product images as well as large inspection areas. Furthermore, accelerating adoption of the surface-mount technology and printed circuit boards (PCBs) in automobile systems and electronic devices will further push the demand for AOI machines over the forecast spell.
Likewise, rising trend of PCB miniaturization for its significant adoption in various electrical and automotive applications will add impetus to overall automated optical inspection (AOI) system market expansion in years ahead.
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Increasing focus on consumer protection and the need for reducing the costs involved in 100% inspection process will further bolster the automated optical inspection (AOI) system market. 100% inspection is critical for segments where a human life could be put at risk, for instance medical devices, portable electronics and automobiles. A while back, certain smartphone product launched by Samsung was under scrutiny due to exploding batteries which endangered the users while being charged or operated. It was found out that the leading cause of explosions was improper assembly of batteries, stressing the importance of inspection in automation. Experts believe the company could have avoided this fiasco by adopting quality inspection systems, such as AOI, for inspecting all batteries and not just samples.
Speaking further on the significance of the automated optical inspection (AOI) system market, electronic components are becoming smaller in size, making it difficult to perform accurate and fast checks manually. PCBs for different applications require hundreds of parts to be soldiered or mounted on them in a short period of time, needing AOI systems to inspect each and every part, either in pre-manufacturing stages or post-production. Many global industries are adopting fully-automated manufacturing processes for not only PCB production but also cars and consumer electronics. Subsequently, the industry will witness robust demand over the coming years.
To elaborate, Volkswagen recently announced that it would be construction its electric vehicle manufacturing facility near Shanghai, China, where fully-electric SUVs and other e-vehicles will be made. The company said the new facility will consist mainly of robots, around 1,400 of them, and will be operational by 2020. The expected 300,000 per year capacity of the factory represents extremely high levels of automation that will be implemented and signifies a key application area for the automated optical inspection (AOI) system market. Government rules and international standards regarding vehicle quality and safety have boosted the demand for advanced AOI systems, as they can match the complexity and speed of automated manufacturing.
Over the years, AOI systems have been optimized to collect data and provide feedback so that the manufacturing process can be improved, and any suitable adjustments are made. When used during the assembly or soldering process, AOI helps to inspect the quality of the product as it is being made, which considerably lowers the need for post-production inspections. The automated optical inspection (AOI) system market can benefit from the tremendous development in optical sensors and miniaturization of inspection cameras. The enormous opportunities for the implementation of AOI can be surmised from industry estimates which peg the global process automation segment to be valued at nearly USD 50.3 billion by 2020.
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On the regional front, the Europe automated optical inspection (AOI) system market is set to depict a significant growth rate over the projected timeframe, as a result of the strong presence of the leading automotive manufacturers. In addition, the regional market has been observing a high demand for automotive electronics for use in passenger and luxury vehicles, especially in Switzerland and Germany. These aforementioned factors, coupled with the rising consumer spending, will create ideal growth conditions for the regional market over the forecast spell.
Key market players include Koh Young Technology, Kurtz Ersa, Omron Corporation, Machine Vision Products, CyberOptics Corporation, and Nordson Corporation, among others. These firms are focusing on strategic growth initiatives such as innovative product launches, M&A, and business expansion to expand their footprint worldwide.
Major Key Points from Table of Content:
Chapter 4. Automated Optical Inspection (AOI) System Market, By Product
4.1. Key trends by product
4.2.1. Market estimates and forecasts by region, 2013 – 2024
4.3.1. Market estimates and forecasts by region, 2013 – 2024
4.4. Data storage
4.4.1. Market estimates and forecasts by region, 2013 – 2024
4.5.1. Market estimates and forecasts by region, 2013 – 2024
4.6.1. Market estimates and forecasts by region, 2013 – 2024
Chapter 5. Automated Optical Inspection (AOI) System Market, By Type
5.1. Key trends by type
5.2. 2D AOI Systems
5.2.1. Market estimates and forecasts by region, 2013 – 2024
5.2.2. Inline AOI
22.214.171.124. Market estimates and forecasts by region, 2013 – 2024
5.2.3. Offline AOI
126.96.36.199. Market estimates and forecasts by region, 2013 – 2024
5.3. 3D AOI Systems
5.3.1. Market estimates and forecasts by region, 2013 – 2024
5.3.2. Inline AOI
188.8.131.52. Market estimates and forecasts by region, 2013 – 2024
5.3.3. Offline AOI
184.108.40.206. Market estimates and forecasts by region, 2013 – 2024
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