Global Automated Optical Inspection Market Size study, By Elements (Camera System, Lighting System, Computer System, Software), By Type (2D AOI System, 3D AOI System), By Technology (Inline AOI System, Offline AOI System), By Application (Fabrication Phase, Assembly Phase), By Industry (Consumer Electronics, Telecommunications, Automotive, Medical Devices, Aerospace & Defense, Industrial Electroncis, Energy & Power), and Regional Forecasts 2022-2028

"Global Automated Optical Inspection Market is valued approximately USD XX Million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.  

Automated optical inspection (AOI) systems are used for an automated visual inspection of printed circuit boards (PCB). These systems check devices through a camera that autonomously scans the PCB under test for both quality defects and catastrophic failure. AOI is highly adopted in the manufacturing process owing to its non-contact test method and it also boosts the speed and precision of the device. The growing need for miniature, high-speed printed circuit boards (PCB), increasing adoption of electronics in the automotive sector, rising benefits of AOI over other inspection methods are the chief factors that are surging the market demand across the globe. 

For instance, according to Statista, in 2017, the automotive industry generates a revenue of USD 5,315 billion worldwide and the amount is likely to grow and reach USD 8,931 billion by 2030. Accordingly, the growth of the automotive sector is fueling the demand for automated optical inspection (AOI), thus, in turn, accelerating the market growth in the near future. However, the dearth of highly skilled personnel and unavailability of sophisticated software and hardware systems to handle a large amount of data impedes the growth of the market over the forecast period of 2022-2028. Also, increasing demand for AOI systems for inspection of IC substrates and the advent of self-monitoring analysis and reporting technology (SMART) technology is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Automated Optical Inspection Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rise in high-volume manufacturing of PCBs and the growth of the automotive industry. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as availability of low-priced skilled labor, low production cost, as well as, rising demand for electronic products, would create lucrative growth prospects for the Automated Optical Inspection market across the Asia-Pacific region.

Major market players included in this report are:
Koh Young Technology, Inc.
Test Research, Inc. (TRI) 
Omron Corporation
Camtek Ltd. 
Viscom AG
Saki Corporation 
Nordson Corporation
KLA Corporation
Cyberoptics Corporation
Goepel Electronics Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Elements offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Elements:
Camera System
Lighting System
Computer System
Software
By Type:
2D AOI System
3D AOI System
By Technology:
Inline AOI System
Offline AOI System
By Application:
Fabrication Phase
Assembly Phase
By Industry:
Consumer Electronics
Telecommunications
Automotive
Medical Devices
Aerospace & Defense
Industrial Electroncis
Energy & Power
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia 
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automated Optical Inspection Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors